Events

Freeze against speculative prise increase in Slovakia

Slovakian government may freeze the prices of 20 basic food items to shield consumers from unjustified price jumps after the planned euro adoption in January 2009.  According to Reuters the...

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Today's youth is more active and mobile as the generation before

96% of young people between 15-25 years has a mobilephone, they have more electric equipments than the average.  According to GfK Roper Report the today's youth are open minded, ambitious...

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Vietnam resumes rice exports

The world’s second-largest exporter of rice allow limited sales and reiterated a limit of 3.5m tonnes of exports for the first nine months of the year.   Vietnam this year...

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Hungarians spent less money for clothes in 2007

The most popular shopping place were the average clothes shops, but the far-east shops and the buy on the street was also beloved source of supply .   According to...

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Retail Sales Growth Better-Than-Expected in the US

Sales in every merchant category increased in May. Excluding autos, sales rose 1.2%. Sales of electronics increased 0.7% and sales at department stores jumped 1.2%, the most since March 2007....

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Industrial gross output increased in April

The growth was 11.8% compared to April 2007, the index adjusted by working days rose by 6.5%.  The volume of the production was higher by 8.1% in the first four...

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Agricultultural products are expensive

In April 2008 the producer price level of agricultural products was 32.6% higher than in April 2007. The price level of crops and horticultural products increased by 41.9% while that...

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Bulgaria Milk Producers Protest because of Low Prices

Dozens of Bulgarian milk producers rallied in the capital Sofia to press for government guaranteed minimum purchase prices for milk due to increasing animal feed prices.  Farmers in the new...

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HUF 8.3 billion sales from energy and sportdrink

According to Nielsen research to sales of segments grow by 60% in value and 70% in volume between Mai 2007-April 2008. The biggest market share have the privat labels energy...

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Beer Culture Champion Wanted!

Tasting beers, beer show, scenic exhibitions and jazz concerts wait the visitors of Sant Arnold's Beer Festival in Buda Castle on 15th June.  Also famous radiopersonality Levente Harsanyi takes part...

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Mobile Phone to Be New 'Fourth Channel' for Revenue

Mobile devices represent a major growth opportunity for the retail industry by providing a new purchasing channel for consumers, a Cisco study reveals.   The company's third annual e-commerce study...

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Factories close, supermarkets empty and jets run out of fuel in Spain

Strike action by thousands of Spanish and Portuguese truckers produced ominous knock-on effects on food supplies, aviation and industry in Spain.   Authorities at Spain's two biggest wholesale markets, Mercamadrid,...

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Food price increase over the average

In May 2008 consumer prices rose by 1.1% compared to the previous month and increased by 7.0% compared to May 2007.  In May 2008 compared to the previous month food...

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Bread price increase by HUF 20-30

According to the Association of Hungarian Bakers the cost of production (loan, energy, fuel etc.) grow so much, that the bakers must to increase their price.  The association said minimum...

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Hungarian companies pay to late

Among the researched contries in Hungary is the biggest different between the planned and real payment.  Atradius made this research at 1200 companyies from SMEs to giants in Austria, Hungary,...

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Hungary is the seventh most popular investment target in Europe

Only Poland has a better position in the region, as shown in the survey by the professional services firm Ernst & Young, made on a sample of over 800 executives....

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Food safety control starts soon

Before the inspection the Hungarian Food Safety Authority gives out information bulletins about how to evade the food poisoning.  In the near next week begins the summer clean-up by specialist...

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Surplus at Hungarian trade balance

Over the course of January–April 2008, the value of exports was HUF 6,394 billion, while that of imports totalled up to HUF 6,309 billion, according to preliminary results.   The...

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The export of manufacturing continued to grow

According to quarterly calculations gross domestic product of Hungary increased by 1.7% in the first quarter of 2008, and by 0.9% when adjusted for calendar effects.  The economic growth of...

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Bye-bye Greengrocers

The Daily Telegraph reports that nearly 3,000 greengrocers have closed in the past decade in UK.   The newspaper said that shoppers have been left considerably worse off, with the...

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Dairy farmers won, retailers increase prices

German dairy farmers say they have ended a 10-day strike protesting low milk prices.  Milk federation union chairman Romuald Schaber said Thursday, "We dairy farmers are finally being met at...

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Eurozone Retail Sales Report Surprise Fall In April

Retail sales in the 15-country eurozone fell unexpectedly in April, the third straight month of lower sales. Data from the Eurostat data agency showed that retail sales fell 2.9% year-on-year...

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Small stores closed also in Austria

Last year more than 1,000 small shops finished their work in Austria, the number of small retail units fell to 52,690. According to the Austrian Federal Chamber of Commerce (WKO)...

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Improving Expectations in May

In May the seasonally adjusted Economic Sentiment Index of GKI-that have been published since 1996-increased explicitly from the lows of April that have never been seen before.  The survey of...

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Industrial gross output increased in April

According to preliminary data of Hungarian Statistic Oficce in April 2008 the industrial gross output increased by 11.8% compared to April 2007, the index adjusted by working days rose by...

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Hungarians traveled less than a year before

In January-April 2008 guest nights fell 3 percent, while revenues at current prices grew 2 percent in public accommodations compared with the same period in 2007.  International guest nights –...

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British government considers ban on cigarette packet branding

The proposed ban is part of a consultation document that marks the start of a 12-week debate on how to cut the number of people smoking in Britain.  Britain's Department...

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German Milk Farmers Relax Blockade of Dairies

Thousands of striking German dairy farmers started to relax their blockades of dairies staged, but they continue the protest in front of retail shops. Dairy farmers in Germany and other...

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