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Arcandor in a mess
Date: 2009-07-01 08:00:00
Arcandor the owner of Karstadt which is one of Germany’s oldest chain of stores asked for bankruptcy protection. Prior to this, the German Government rejected Karstadt’s request for a 440...
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Imported swine cheaper than domestic swine
Date: 2009-07-01 08:00:00
Trends in the world markets of poultry and gardening products are monitored by the Agricultural Business Research Institute (AKI). According to their latest report, prices of and demand for poultry...
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Asda in Scotland
Date: 2009-07-01 08:00:00
UK retailer, Asda, has announced plans to expand within Scotland, investing over €300 million the next three years. It currently has 47 food stores, and will open a new “eco...
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More frequent shopping, lower basket values
Date: 2009-07-01 08:00:00
According to recent research conducted by GfK Hungária, basket values have dropped while the frequency of shopping has increased. Slow changes in shopping habits have been amplified as a result...
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Possibility of revival for Hungarian gardening
Date: 2009-07-01 08:00:00
Gardening is the most diverse sector within agriculture. A program for the modernisation of the gardening sector has bee prepared by FruitVeB (the Hungarian inter-trade fruit and vegetables organisation). According...
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Economising focused on processed foods
Date: 2009-07-01 08:00:00
According to a household survey by GfK Hungária, FMCG spending by households was down by 3.5 percent in the first quarter of 2009, compared to the same period in 2008....
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Parliament accepted food product line laws
Date: 2009-07-01 00:15:00
On 29 June by extra procedure, the parliament accepted food product line laws without any votes against. The National Trade Association (OKSZ) protested in a communication. The law listing itemized...
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Hungarians spends 80 billion HUF on cheese
Date: 2009-07-01 00:12:00
According to Nielsen market research company; cheese is the food which has one of the biggest turnover. The retail sales of cheese are stable and, exceeds 80 billion HUF per...
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Drought and storm – the prospects of Hungarian wheat
Date: 2009-07-01 00:10:00
Because of the drought, harvest began before the traditional date this year, especially in the southern counties. Rainy weather has no crop increasing impact, in some places it can cause...
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Just a small increase in traffic before VAT increase
Date: 2009-07-01 00:09:00
Compared with the usual, small or no increase had been measured in traffic in the stores before the VAT increase of 1 July. According to Hackl Mónika Tesco's head of...
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Stable Fruit Consumption
Date: 2009-07-01 00:05:00
According to the Central Statistical Office; in 2007, food consumption per person was 194 kg, which is one of the lowest value of the decade. Fourteen percent was spent on...
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Firms do not save on training
Date: 2009-07-01 00:02:00
Four-fifths part of the companies did not reducted the expenditure on education in the past half year, despite the financial difficulties – reveals the survey of British Institute of Directors....
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Lapsing vegetables and fruits standards in the European Union
Date: 2009-06-30 00:28:33
From the 1st of July, despite protests of the big producers, the community level marketing standards for 26 different vegetables and fruits will be terminated. The EU regulated since the...
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Stagnant economy and rising unemployment
Date: 2009-06-30 00:25:57
According to Ecostat and Világgazdaság the economy stagnated in June. According to the datas of Central Statistical Office, the unemployment rate increased to 9.9 percent. The economy is still in...
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Chemical residue was found in peppers and strawberries
Date: 2009-06-30 00:15:00
The Levegő Munkacsoport (Clean Air Action Group) found chemical residue above the permissible limit quantities in peppers from Morocco and strawberries from Hungary. The civil organization investigated 17 strawberry and...
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USA – savings rather than consumption
Date: 2009-06-30 00:12:00
The deposits of commercial banks increased 1.7 percent and reached 7,500 billion USD in May. If the savings rate rises with the same intensity, a new recession could hit the...
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Since nine years there was not so many empty shops downtown, like in the 2008
Date: 2009-06-30 00:09:00
According to the mid-year survey of Ecorys Hungary international consultant company; the downtown business market faces the highest vacancy of the past 9 years. This year, 16.8 percent of the...
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Hungarian corn will be utilized by the European Union
Date: 2009-06-29 00:05:00
The European Union will utilize16 thousand tonnes of corn, from the 2004 and 2005 harvest probably cheaper than the intervention price. Offers should be submitted by mid-December 2009. The stock...
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Fair trade might be a subject to vote on Monday already
Date: 2009-06-26 00:25:41
The entire parliament has supported the bill about fair trade stating that it should depend on the agrarian minister's decision whether or not the competition authority should proceed in certain...
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National Commercial Association did not expect bill to be tabled
Date: 2009-06-26 00:20:00
National Commercial Association (OKSZ) disapproves the fact that members of the parliament have tabled a bill in connection with Food Codex prior to the agreement on 24th June. They are...
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A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009
Date: 2009-06-26 00:17:00
In April, retail sales continued to decrease at an increasing rate, showing a decrease in volume of 4.1% compared with last April. Compared to the previous month, the volume of...
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Retail sales remain weak in Great Britain
Date: 2009-06-26 00:11:00
Retail sales in Great Britain fell for the second month running in the year to June, following April’s brief respite, the CBI announced this week. The decline, broadly in line...
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Stockmen in Vas may get nearly six billion HUF
Date: 2009-06-26 00:06:00
Farmers in Vas County have won 5.8 billion HUF from the European Agricultural and Rural Developmental Found in order to make settlements more up-to-date – an arictle by Origo states....
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British business services sector may lose over 300 thousand jobs
Date: 2009-06-26 00:02:00
Over 334,000 jobs will be axed across the business services sector by 2011 – the Centre for Economics and Business Research (CEBR) warned. The study conducted by CEBR suggests that...
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UN-OECD outlook: growing food prices in the next ten years
Date: 2009-06-25 00:09:33
Increased demand for biofuels driven by high oil prices is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to the new...
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The agrarian branch may be a way out of recession
Date: 2009-06-25 00:09:30
Significant changes occurred in the agrifood chains and related market relations throughout Central and Eastern Europe during the last decades, results are stable now – professor Csaba Csáki pointed out...
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Preferential tax for benifits in kind
Date: 2009-06-24 00:15:52
Based on a new agreement by National Interest Reconciliation Council, benifits in kind are not being taxed according to the 32 percent general, but the 25 percent preferenitial tax key....
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The way GKI sees 2009
Date: 2009-06-24 00:10:01
For Hungary (and for every other emerging country) the period of ample liquidity finished that came to en and last year meant that missing domestic savings could be substituted with...
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Hungarian customers get information online before shopping
Date: 2009-06-24 00:09:00
Hungarian customers do obtain information online before doing the actual shopping in most of the cases – according to a survey conducted by TNS Infratest, ordered by Google. Thousand customers...
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VAT-war goes on: OKSZ denies its responsibility
Date: 2009-06-23 00:15:00
OKSZ (National Commercial Association) denies the assumption that they abuse producers' market strength when it comes to the VAT-rise. Hungarian food producers have made their complaints at the Commercial Competition...
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