News and articles
GKI: Real estate market: no upturn yet
Date: 2012-02-16 11:57:29
In October of 2011 the GKI Budapest Real Estate Market Index plummeted (-11 points). In January of 2012 this index shows slight increase compared to the previous quarter (+1,5 points)....
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Steaming culinary festival in Budapest
Date: 2012-02-16 11:47:31
On the 23rd of February the first winter culinary festival the Gőzölgő (Steaming) of Budapest will open its gates. Hundreds of tea – and coffee specialties, fine correttos from pálinka,...
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New leader at PwC Hungary
Date: 2012-02-16 11:22:20
From 1st July 2012, PwC Hungary has a new leader, Nick Kós. The 44 year-old Irish-Hungarian expert started his carreer at PwC in Ireland in 1990, then moved to Hungary...
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Hungarian sheep and goat can be exported to Russia
Date: 2012-02-16 10:40:15
All obstacles were eliminated from the path of the Hungarian sheep and goat exports to Russia – said Fazekas Sándor Rural Development Minister over his discussions in Moscow to the...
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Beer’s market position strengthened once again
Date: 2012-02-16 10:04:06
The volume weighted average price of beer was HUF 311/litre in September-October 2009 and September-October 2010, while in the same period of 2011 the Nielsen Retail Index registered HUF 310....
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Dm pays attention to customer needs
Date: 2012-02-16 08:07:35
DM is on the positive list of companies now – the list was launched by the National Customer Protection Authority, and checks the the authenticy of price labels on products....
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Parliament secures more bargaining power for dairy farmers
Date: 2012-02-15 15:36:49
New legislation to boost dairy farmers' bargaining power to get fair prices for their raw milk and help them prepare for the end of milk quotas in 2015 was approved...
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Positive surprise: Hungarian economy increased by 1.7 percent last year
Date: 2012-02-15 14:50:06
Despite the deterioration of external market, the Hungarian economy was able to provide positive performance in the last quarter of2011 on the basis of the preliminary datas of the Central...
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D & B: the number of companies dealing with retail trade increased
Date: 2012-02-15 14:40:55
Last year, the number of companies dealing with retail trade increased by four percent in Hungary, compared to 2010. The number of registered businesses which use retail as main activity...
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Magazine: Different levels of concentration across the region
Date: 2012-02-15 14:31:38
Nielsen’s ShopperTrends research concluded that the level of concentration in food retail is different in the countries of our region. This is also reflected in the differing importance of fruit/vegetable-buying...
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The future of Hungary is within the European Union
Date: 2012-02-15 13:54:47
On the first day of the spring parliamentary session Prime Minister Viktor Orbán urged the National Assembly to adopt the European Treaty on Stability, Coordination and Governance in the Economic...
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Parliament saves food programme for the EU's most deprived citizens
Date: 2012-02-15 13:42:13
The “Food for the needy” programme will continue to supply food to the EU's most deprived citizens for two more years, thanks to a rescue plan agreed with the Council...
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French wine and spirits exports over ten billion euros
Date: 2012-02-15 13:00:41
The export of French wines and spirits last year broke the historical record, exceeding 10 billion euros for the first time. The increase was 10 percent compared to last year...
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CBA’s turnover increased by 10 billion last year
Date: 2012-02-15 12:55:49
Last year, the CBA network's overall turnover was 565 billion HUF, 10 billion HUF more than in 2010, while the number of the business units did not change significantly, the...
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Danone’s net profit decreased
Date: 2012-02-15 12:15:27
The French food giant Danone’s net profit decreased to1.67 billion euros from the 1.88 billion euros of 2010 – the company announced on Wednesday. While Danone's annual revenue increased by...
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The Kellogg purchased a chips brand for 2.7 billion USD
Date: 2012-02-15 12:04:29
The Kellogg Co. announced that the company will pay 2.7 billion USD for the Pringles potato chips brand to the Procter & Gamble Co.. Kellogg estimates that the deal except...
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The Hungarian National Tourist Office expect stagnation in domestic tourism
Date: 2012-02-15 12:02:11
The Hungarian National Tourist Office (Magyar Turizmus Zrt.) expects stagnation in domestic tourism but the increase of incoming tourists – said Mártonné Máthé Kinga, national director of the Hungarian National...
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BDO: hotel booking on mobile application and on Facebook
Date: 2012-02-15 12:01:30
The hotel industry players should deal with services of the social networking sites, within their online presence, if they want to follow the rapidly changing market trends – shows the...
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Tourism summit of the Visegrád countries in Prague
Date: 2012-02-15 12:01:20
The tourism leaders of the Visegrád countries (V4) – Czech Republic, Slovakia, Poland and Hungary – met in Prague on February 13 and 14, within the rotating Czech presidency –...
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High interest for the Széchenyi Rest Cards
Date: 2012-02-15 12:00:05
High interest occurred for the Széchenyi Rest Cards. According to the February communication of the K&H Bank, MKB Bank and OTP Bank; until now about 120 thousand employees claimed Széchenyi...
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Prodexpo in Russia opened
Date: 2012-02-15 10:49:35
In the opening speech of the 19th International Exhibition for Food, Beverages and Food Raw Materials Prodexpo’2012 the Minister of Agriculture of Russia Elena B. Skrynnik stressed the foreground tasks...
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GKI: The change started
Date: 2012-02-15 09:26:56
According to the forecast of GKI the successful accomplishment of negotiations with the IMF and the EU will be enough only for mitigating the contraction of GDP. The recovery of...
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In January, fuel, alcoholic beverages and food led the price increases
Date: 2012-02-14 15:14:03
In January, consumer prices were 5.5 percent higher than a year ago. In the growth, certain tax measures and forint's exchange rate played the most significant role. The price of...
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Huge forces were mobilized across Europe against food adulteration
Date: 2012-02-14 13:25:31
Serious forces were moved by the European authorities in recent months, to eliminate criminal organizations distributing counterfeit food products. The Hungarian authorities were also involved in the process. The list...
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Apricot and cherry flower buds frozen, still no expensive fruits
Date: 2012-02-14 13:19:46
According to preliminary surveys, the dramatic cold over minus twenty degrees froze the earliest kind of apricot and cherry flower buds. However, if the majority of orchards in Europe get...
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The growth of industrial production declined at the end of 2011
Date: 2012-02-14 13:10:05
The volume of industrial production, compared the same period of last year increased by 2.1 percent in December 2011. The low base also played a role in the moderate growth....
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Excise tax on tobacco products to increase again
Date: 2012-02-14 13:00:44
The excise tax on cigarettes will increase to HUF 11,500 per 1,000 pieces, or 30% of its retail price, from February 1 and to HUF 11,900, or 31% of the...
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MFB: the total value of loans in agriculture over 800 billion HUF
Date: 2012-02-14 13:00:09
The total value of the completed and ongoing agri-credits was 803.77 billion HUF at the Hungarian Development Bank (MFB) Zrt. on the 31st of December 2011 – informed the financial...
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Fazekas Sándor: rabbit breeding is a developing capable sector in Hungary
Date: 2012-02-14 12:57:35
In rabbit breeding and processing, which have long traditions in Hungary have significant development opportunities – said Fazekas Sándor, Rural Development Minister in Lajosmizse on the rabbit farm of Olivia...
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Last year the two largest Czech breweries increased their production again
Date: 2012-02-14 12:50:27
After two years of recession the two largest Czech breweries increased their production again last year. According to market analysts; this indicates that the Czech beer industry leaves the nadir...
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