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Gross domestic product growth

The increase was 0.3 percent as compared to the preceding quarter, by the seasonally adjusted data. According to the joint preliminary estimation of the HCSO and Ecostat the gross domestic...

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Bird flu in England

The authorities have now culled more than 5000 birds on the Redgrave Park farm, near the town of Diss in Suffolk. The Department for Environment, Food and Rural Affairs (DEFRA)...

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Due to negative press sales sill increased at snack market

According to Euromonitor PepsiCo, Procter & Gamble and United are the most successful snack companies. The topping position thanks to strong sales of popular favourites combined with innovation in the...

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Pessimistic mood in Hungarian Economy

According to GKI conducted survey, with European Union support, the overall confidence index down from September's minus 16.8 to minus 21.1 percent for October.  The consumer confidence index deteriorated from...

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Aromadon to Expand Powder Marinades Output

Marinade universal, the new product provides piquant taste and aroma as well as a gold colour.   Aromadon Ltd., a Russian manufacturer of spices, extracts and flavours as well as...

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New Wine and Cheese Festival in Gerbeaud

There will be the XX. International Meeting for cities of grapes and wine. The IV. New wine and Cheese Festival, between 24-25 November, started with a "ceremonial presentation and greeting"...

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Price explosion on th world food market

Global cereal prices are expected to remain at high levels for the coming year, warns the latest Food Outlook report by FAO.  FAO expects many countries will pay more for...

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Children's game recall

Bindeez games had been removed from supermarkets' shelves all over in the world.  The children's game must be recalled after it was discovered that beads used in it could metabolize...

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Slovakian Government ban to sell under ex works price

The president of the Slovakian Retail Association said, the new bill is against costumers and the constitution.  The bill would ban to sell some product under ex works price from...

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HUF 150 million for palinka marketing

The government protect the producers to set up a new association called National Palinka Board.   The third times bigger sum would help to populize the Hungarian spirit on domestic...

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Ginseng food supplements recall because of radiation

Czech food supplement manufacturer Biopol GN have to recall its “Barney's” ginseng food supplements.   This measure was imposed because Barney's ginseng, manufactured by Premium Quality Product of Canada, and...

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Europeans spent slim in August

The volume of retail trade in the euro zone rose 0.3% in September from August and rose 1.6% over 12 months, the European Union's Eurostat data agency said.   Retailers...

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Kraft Foods Inc. sells its Post cereals business

The American Ralcorp Holdings Inc.payed US 2.8 billion for it. Kraft continues to evaluate its brands and businesses in terms of its long-term growth plan, using several criteria: growth potential,...

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No change in tourism nights in the first three quarters of 2007

According to Hungarian Central Statistical Office the greatest growth had the Balaton, here were 24% more domestic tourists as in the same perion 2006, Budapest had less domestic tourist as...

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(HU) Európai Kereskedelem Napja

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In 2006 productivity grew strongly in the EU

According to the EU's annual competitiveness reportworker productivity in the bloc increased by 1.5 per cent in 2006 – the highest level so far this millennium, and a tenth of...

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E. coli bacteria in beef from Canada

9.8 million kilograms of beef were recalled in October More than 40 people are ill in 8 American county because of the meat products of Rancher's Beef. ....

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French weeks in Cora and Match stores

On the weekends people can taste the French foods and see cooking shows. The event, between 5-18 November 2007, gives the opportunity for the Hungarians to meet and taste French...

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Improving balance of the Hungarian economy

According to the forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank the Hungarian economic policy adjustment is taking place in a favorable European business climate but...

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No distortion at competition in Britain

Supermarkets stand accused of buying up land to keep out rivals.  Shoppers in most areas have a good choice and benefit from strong competition between retailers, but in a number...

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Increasing cost effectiveness a key to survival

Péter Nagy, head of division from PriceWaterhouseCoopers Kft., spoke about the increasing importance of cost effective operation, which is not only the result of market pressures, but also that of...

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How is the banking sector?

The number of banks per HUF one million is between 3-4 in Hungary, which is around the international average. The leading seven banks (OTP, K&H, MKB, Erste Bank, CIB, Raiffeisen,...

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Food boosting inflation

According to a KSH report, consumer prices remained unchanged in August 2007, compared to July, but the rate of inflation was 8.3 per cent. Prices were on average 8.5 per...

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2008 could be the year of Aldi

In her opening presentation on the second day, Mrs. Szalókyné Judit Tóth, director of Nielsen emphasised that it will be the cheaper sales channels and products will show growth in...

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Growing inventories, more financing in foreign exchange

As István Tari, regional director of Erste Bank has told us, in spite of signs of recession in the FMCG sector, retail chains are expanding in the hope of future...

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Retail turnover of food continues to shrink

The shrinking of retail turnover continued in July. According to a KSH report, sales were 4.2 per cent down in July 2007 compared to July of 2006 and also showed...

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