Events

Hypermarkets Spirits Small Shops Away

The number of small Hungarian settlements without any retail stores doubled in the four years prior to 2007.   According to specialist there is a strong concentration on the food...

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GKI competitiveness index rises slightly

Economic think-tank GKI's Business Climate Index (UX), a gauge of sentiment at 1,500 businesses in Hungary, declined 15.6 points to 33.8 in the first quarter of 2008.  The business-climate index...

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The on-line sales of FMCG products is in its infancy in Hungary

According to E-Shopping Report 2008 the Hungarian net shoppers buy first of all technical equipments (38%), DVD (36%), movie, theater and airtickets (12%).  Only 15% of daily net users bought...

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Agreement between Auchan and the Growers

Leaders of the hypermarketchain promissed not to buy watermelon under HUF 30. Suppliers must to show the documents of origin and the spraying register.   From today the outdoor ads...

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Consumers don't Understand Contactless Credit Card Technology

Only 3% of the population is familiar with contactless technology. After reading an explanatory paragraph about contactless payments technology, consumers were 7 times more likely to want a contactless card...

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II.Pilsner Urquell – HoReCa Regatta

The compatition on 26th July in Balatonlelle is sponsored by Dreher Brewery, patroned by Hotel Association of Hungary and the Hungarian Hospitality Association.  It is the second season of the...

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Low Marketing Budget at Hungarian Firms

Altough the role of the marketing is year to year more important in companies' life, but it isn't traceable in the companies' decision structure or in financial protection of the...

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Record Low Shows DATAWATCH ZEW

The ZEW index dropped to -63.9 in July from -52.4 in June, declining for the fourth month in succession and setting a new record low for the series.   The...

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In May 2008, the industrial gross output increased by 4.7%

The volume of the production was higher by 6.9% in the first five months of 2008 than in the same period of the previous year.  The volume of industrial production...

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Retail ventures are stain on liquidity

According to Coface Hungary the number of proceeding because of insolvency grow by 13% in the first half of 2008 in Hungary.  The most insolvency proceedings, starting this year, stem...

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TriestEspresso Expo

The event between the 13th and the 15th of November 2008 is the Number 1 biennial B2B exhibition in the theme of the espresso coffee trade industry.   Trieste will...

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The financial crisis is confirmed in Europe and is spreading

Coface has reduced Spain, Estonia, Latvia and placed Portugal, Denmark, South-Africa and Vietnam under negative watch.   In Europe, the financial crisis is dragging Spain down, which is pulling Portugal...

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Season starts with scandal

Auchan offered watermelon by HUF 49, what is a dumping price – said the growers, who protested with gushing a ton of watermelon in front of the an Auchan store....

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Almost 7% inflation in the first HY

In June 2008 consumer prices rose by 0.1% compared to the previous month and increased by 6.7% compared to June 2007.  In June 2008 compared to the previous month food...

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German Anti-Cartel Office Fines Cosmetic Firms

Germany's Federal Cartel Office has fined the German units of nine cosmetics companies including Chanel and L'Oréal a total of almost 10 million euros for sharing strategic information.  Individual fines...

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Simplified EU Rules for Authorising Food Additives

The European Parliament has adopted a legislative package that will see products containing any of six artificial colours labelled with a health warning.  The decision to put a warning on...

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EU Working Group of Ministers about GMO

Paris has announced the creation of a “group of friends of the presidency” to consider the EU's GMO authorisation process, which it wants to take better account of “local specificities”...

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Hungarian R&D companies have better business environment as before

The in 2005 legislated innovation act helps to bring academic researches near to the practice. The spin-off and start-up firms are day to day more dynamic.   JEREMIE starts this...

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Massive investments in logistics on the Romanian market

Food retailers are expanding warehousing space and networks, overall investments worth above 50m euros on the logistics segment for this year alone.  Kaufland and Plus invested a total of 55m...

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Top Five Luxury Brands

According to Forbes list these brands not only deliver fat revenues and profit margins, they also attract loyal consumers. The new fans come from Brazil, China, Russia and India.  ...

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Hungary is in Late with Arrangements against Salmonella

EU would give money, in the next four years , for decreasing the Salmonella infection in Hungarian poultry from nowadays' 60% to 1%.  Only 2-3 from chickens 400 normal Salmonella...

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Unspent EU farm aid to go to Africa

The World Bank has estimated that about 6 billion euros is needed in short-term aid to help poor countries face the global food and fuel price crisis.   "The EU...

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British vaste food yearly in value of 10 billion pounds

In 2008 an average British family spends 9% of household's income for food, it was 16% in 1984.  A Cabinet Office report, Recipe for Success, showed 4.1 million tons of...

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Exports and imports levels are higher by 7 percent

According to first estimates of Central Statistic Office in May 2008,, exports amounted to HUF 1,513 billion, while the value of imports reached HUF 1,504 billion.  The Euro value of...

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Trend Research about the Hungarian Youth by Fanta

In the first part of the study, researcher was looking the using of digital technology and the digital culture between the young people. The second part spyed the attitudes to...

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Value shops tip growth as shoppers trade down in UK

Aldi, Lidl and Netto, the discount supermarkets, are forecast to increase their share of Britain's grocery market by 60 per cent over the next four years.  A new report claims...

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Cheap import and tax reduction could decrease the food price

According to common research of Kopint-Tárki Konjunktúrakutató Intézet Zrt. and AgrárEurópa Tanácsadó Kft. in long periode we have to be ready for high food prices.   The specialist said because...

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Online Sales Up 60% In Romania

Romanian online sales rose to E25m in the first six months of 2008, according to figures from RomCard. The number of transactions amounted to 300,000, while the average value of...

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The Deficit May Be Even Lower Than Planned

Substantial improvement in the internal and external equilibrium this year with real wages in the business sector already climbing while inflation and interest rates remain high. The forecast prepared by...

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