Events

KSH: Hungary's growth of export slowed down in July

According to freshly published data by Central Statistics Officer(KSH), hungary had a €241 million trade surplus in July 2010, well down from a €564 million surplus in June and a...

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The counterfeit goods caused 900 billion USD damage this year

The “counterfeiting industry” is dynamically growing in the world: the damage done is 900 billion USD this year, compared with the 250 billion USD of 2007 – said Simándi Andrea,...

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Expensive grapes might lead to the popularity of cheap low-quality wines on the market

One kilogram of grapes costs 70-90 HUF this year, whereas previously this number was never more than 40 HUF. This deplorable situation might lead to the spread of low-quality import...

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The casino-business is not an attraction to investors

French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest...

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Retail World Congress in Berlin

During the three days of the event, more than 130 lecturers will show an overview of the post-crisis retail situation, between October 25-27, in Berlin. How the reatil can respond...

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GKI: next year the Hungarian economy will increase by only 2.5 percent

The conditions of economic growth are worse than previously assumed, therefore, the GKI Economic Research Co. decreased next year’s growth forecast, from 3 percent to 2.5 percent. This year’s forecast...

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The Ministry of National Resources would increase the excise tax of alcohol and cigarette

The State Secretary of the Ministry of National Resources, responsible for health issues, would create additional sources for health care from the excise tax of alcohol and tobacco. After the...

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The business sector is confident in the euro area

The business sentiment has improved in the euro area in September – said the European Commission on Wednesday. In regular monthly assessment, the Brussels-based body points out, that the overall...

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The best known winemaker of the Great Plains cuts out his grapes

One of the best known winemaker of Csongrád County cut out his grapes. Somodi Sándor of Ásotthalom told to Délmagyarország, that viticulture is not worth, but he still continue to...

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The Hungarian leader of the European food committee denies the allegations

Bánáti Diána, the Director-General of the Central Food Research Institute (KÉKI) denied to MTI on Wednesday that she lobbied for genetically modified (GM) plants. Bánáti Diána, rejects the allegations which...

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Further milk price increases

From the 1st of November, the price of milk and dairy products may increase again, because on the spot market a growing demand occured for raw milk – said Mélykúti...

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The date of durability on foodstuffs will be uniformed

After one and a half-year transitional period, the date of durability on foodstuffs will be uniformed. Only the day / month / year order will be valid. The change in...

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GfK: 135 billion HUF on clothing

In the first half of this year, 135 billion HUF was spent on clothing by the Hungarians, six percent less, compared to the previous year. Fewer people are buying clothes,...

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More than half of the Hungarian companies are considered as risky partners

According to Coface credit insurer; More than half of the Hungarian companies will continue to be explicitly, or moderately risky business partners. This ratio is persistently higher than the regional...

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Aged wine stocks decrease

The mountain village of Szekszárd, expects a decrease in aged wine stocks, after in this year is is expected to be less grape harvested in the Szekszárd wine region. In...

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Western Transdanubian tourism may accelerate

Travel industry professionals arrived to Western Transdanubia for the first time from Romania, Bulgaria and Poland, where they could become acquainted with the opportunities and the capabilities of the region....

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German consumer sentiment is on its three-year peak

Thanks to the continuation of economic recovery, declining unemployment and a moderate decline in prices, the German consumer sentiment improved in September, exceeding the expectations. According to the GfK market...

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The ministry would reduce the VAT of food products

The Ministry of Rural Development proposes the VAT reduction of basic foods and cereal products – informs the Ministry of Food and Supervision Secretary of State in Bak, Zala County....

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The EU votes on sugar-free fruit juices

The European Union would ban sugar from the fruit juices. They would also regulate, that the juices made of concentration could not be marketed as 100 percent fruit juices. In...

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Bread prices may rise permanently

In a few months white bread prices may rise up to 30 percent. By the end of the year, around 300 HUF should be paid for a kilogram. The price...

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Russian food price stop to be cancelled

The price of foods with social significance will not be frozen in Russia – reports the Russian newspapers on Monday. It is reported, that the participants at the Supervisory Board...

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A new trade war between China and the U.S.

China announced that imposes import duty of the U.S. poultry products. According to the communist country, these products are marketed unfair, on dumped price. In the next five years, the...

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The improvement of the GKI sentiment index came to a halt in September

The almost continuous and robust growth of the (seasonally adjusted) value of the GKI sentiment index came to a halt in September. According to the latest survey of the GKI...

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Brandfestival 2010: the spirit of the new economy

The communication and marketing profession arrived to a strategic changing point. The key theme of this year’s Brandfestival will be; how the sector can be renewed. This year’s Brandfestival 2010...

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Every fifth turkey is exported from Hungary

The Hungarian turkey sector constantly loses its position in the last six years, but it is still dominant at the European and even at the world market – states the...

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Brau Beviale 2010: the “gathering” of the beverage industry

The Brau Beviale 2010 will be held between the 10th and 12th of November 2010 in Nuremberg. The Brau Beviale is the most important international beverage industry fair of the...

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The new provisions of Pálinka distillation enter into force today

The new excise tax rules of own and rented distilling enter into the force on Monday. An annual fifty liters of distillate of 86 degrees for own consumption is tax...

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The new Széchenyi Card Investment Loan started from the 1st of September

The Hungarian government plans to support the micro, small and medium enterprise sector in order to recover the economy. With the three element of the Széchenyi Card Program (current account,...

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VEX and UX: The GKI – Microsoft competitiveness and environmental indices

The Competitiveness Index (VEX) decreased in Romania, in the second quarter, compared to the previous, while in the other countries increased, with the most in Poland. The business environment index...

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World trade turnover declined in July

According to the datas of CPB; World trade turnover decreased by 0.8 percent in July, which suggests that the economic recovery has lost momentum. World trade declined in July, the...

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