Market News
Karl Lagerfeld lobbies EU on internet sales
Date: 2009-02-13 08:15:48
Clothes designer Karl Lagerfeld met EU competition commissioner Neelie Kroes to try and persuade internal market regulators to keep current restrictions on online retailers for luxury goods. The spokesman explained...
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CBA and Procter & Gamble donated HUF 10 million
Date: 2009-02-12 10:06:36
In frame of the „Heart of the community” program P&G gave HUF 10-20 or 30 after every P&G products bought in CBA stores between September-November 2008. Heart of the community...
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Smaller shop play important role in retail
Date: 2009-02-12 09:56:53
The place of every day shopping are the smaller Hungarian owned stores, for big purchase mostly the hypermarkets are visited. According to GfK's Shopping Monitor and Shopping Mission 2008-2009 research,...
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New leader at the British Chamber of Commerce
Date: 2009-02-12 08:59:38
Csilla Csurgai (34) has been appointed executive director of the British Chamber of Commerce in Hungary (BCCH) with effect from February 1st 2009. An internal appointment, Ms Csurgai has been...
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Supermarkets shamed over F-word books
Date: 2009-02-12 08:22:38
Tesco and Asda were condemned for selling a string of books and CDs with the F-word in their titles. The items were available on their websites, where they were easily...
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Retail Sales grow in January
Date: 2009-02-12 08:02:28
According to a fresh survey the British retail sales rose in January for the first time since last May, but the increase was driven by food sales and heavy price...
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Hungaricums on the web
Date: 2009-02-11 09:35:56
Yesterday Premium Hungaricum Society introduce its new on-line store and commercial establishment for the public in frame of a conference. The aim of the society, founded in 2004, is to...
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Spanish food & beverage sales grow in 2008
Date: 2009-02-11 08:28:00
The sector lost 5,000 jobs in the fourth quarter, out of a total 480,000 jobs. However jobs had been created during the first three quarters of the year. Sales of...
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Hollywood helps toymakers to survive
Date: 2009-02-11 08:17:00
After a sad Christmas season world biggest toy makers forecast a better 2009, companies see several growth possibility thanks to the now comming Hollywood films as X-Men, Transformers 2, and...
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Trade balance showed a surplus of 33 million euros
Date: 2009-02-10 12:22:08
According to KSH, national statistic office in December 2008, exports amounted to HUF 1,163 billion (EUR 4,371 million), while the value of imports reached HUF 1,186 billion (EUR 4,447 million)....
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Seven CEE countries on Coface's negative rating list
Date: 2009-02-10 09:19:03
In all, 22 countries were either downgraded, placed on negative watch or had their positive watch withdrawn. For the year 2008, Coface registered an increase of 47% in its global...
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Farmers protests grip Europe as prices slump
Date: 2009-02-10 08:44:12
After peaking at the end of 2007 on the back of a global commodities boom, wholesale milk prices dropped by 50 percent on average last year, Hungarian farmers have HUF...
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Decreasing inflation, weak forint
Date: 2009-02-09 10:27:43
The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that both the depth and duration of the global recession are for the time being completely...
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HUF 130-140 billion EU subvention could lost
Date: 2009-02-09 10:21:28
We have to pass the new SPS law, as soon as possible, otherwise the Hungarian stock-farming will cut back between 2010-2012 – said Barna Forgács, president of Hungarian Chamber of...
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People drink less fruit juice in the crisis
Date: 2009-02-09 09:30:21
Last years the total fruit juice sales decreased by 4%, specialist said this year the fall could be 5-7%. Sió-Eckes, owned by German Eckes-Granini group, sold 71 million liter fruit...
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Big harvest, decreasing demand for malt
Date: 2009-02-09 07:56:15
After several years of impressive growth the worldwide consumption of beer could remain flat this year as the economic downturn hurts demand. Between 2005 and 2008, worldwide beer production rose...
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The role of the personal consulting is growing at the vitamin market
Date: 2009-02-06 08:52:53
According to GfK's Healthcare and Consumer Tracking researches altough Hungarians think to take vitamins is an important way to healthcare, but they bought less pills in the last two years....
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98-Cent Produce Packs brought new shoppers for Fresh & Easy
Date: 2009-02-06 02:26:32
Tesco’s US subsidiary Fresh & Easy has reported that its produce sales have increased by more than 11% with its new 98-Cent line since January when it was introduced. The...
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Volume of exports and imports for new member states continued to expand dinamacally
Date: 2009-02-05 08:28:00
In November 2008, the export and import volumes decreased by 8 and 12 percent, respectively, however in January-November both the exports and imports increased by 5 percent as compared to...
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In spite of excellent agricultural land, there is no closing up in CEE
Date: 2009-02-05 08:14:00
The CEE food industry is sitting in a vicious circle, for weak needs the answer is weak offer – said an UNIDO research, published by business daily Világgazdaság. UNIDO is...
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Solvency of German companies deteriorating
Date: 2009-02-05 08:00:00
Germany has been placed on a negative watch list by Coface. Payment morale and solvency has deteriorated in Germany. Default in payment is quite rare in Germany and is often...
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Smaller, specialised events expected in 2009
Date: 2009-02-05 08:00:00
Event organising enterprises hope that recession will not have a drastic effect on their business. However, creativity is expected to play an even bigger role in the event marketing business...
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Nutritional values increasingly influencing shopping decisions
Date: 2009-02-05 08:00:00
A survey has been conducted in six EU member states including Hungary about health conscious shopping decisions. A number of positive changes in Hungarian consumer habits have been detected. The...
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Stagnation at best expected for the food sector in 2009
Date: 2009-02-05 08:00:00
The financial crisis has come at a bad moment for the food sector. A shortage of financing has occurred promptly, but the government hopes to keep the sector moving by...
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Event organisers as creative agencies
Date: 2009-02-05 08:00:00
Many clients already regard events as an integral part of communication strategy, and the capacity for event marketing or the existence of a specialised partner is a major consideration in...
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Financial prospects for 2009
Date: 2009-02-05 08:00:00
Financial prospects for 2009 are certainly worse than we had believed before October, when the danger of national bankruptcy was imminent. There is however, so much uncertainty that we should...
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Turkeys in decline
Date: 2009-02-05 08:00:00
World trends in the market of meat and poultry are monitored by the Agricultural Business Research Institute (AKI). Data from the market price information system of KSH and AKI (PÁIR)...
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Younger generations discovering frozen vegetables
Date: 2009-02-05 08:00:00
Frozen vegetables save us time but also leave room for creativity. In addition to basic products, an increasingly wide range of mixes are also available today. The only limiting factor...
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Growth unstoppable in Romania
Date: 2009-02-05 08:00:00
According to an Eurostat estimate, retail sales showed an average drop of 0.8 percent in the EU-27 countries in October 2008, compared to 2007. Retail sales showed outstanding growth (9.4...
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Livening in market of refrigerated vegetables following last year’s recession
Date: 2009-02-05 08:00:00
According to ConsumerScan data from GfK Hungária, sales of refrigerated vegetables and potatoes were down in 2007, but 2008 figures are expected to be up. The market of refrigerated vegetables...
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