News and articles
KSH: Hungary's growth of export slowed down in July
Date: 2010-10-01 00:01:34
According to freshly published data by Central Statistics Officer(KSH), hungary had a €241 million trade surplus in July 2010, well down from a €564 million surplus in June and a...
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The counterfeit goods caused 900 billion USD damage this year
Date: 2010-10-01 00:01:20
The “counterfeiting industry” is dynamically growing in the world: the damage done is 900 billion USD this year, compared with the 250 billion USD of 2007 – said Simándi Andrea,...
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Expensive grapes might lead to the popularity of cheap low-quality wines on the market
Date: 2010-10-01 00:01:12
One kilogram of grapes costs 70-90 HUF this year, whereas previously this number was never more than 40 HUF. This deplorable situation might lead to the spread of low-quality import...
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Auchan won't expand in the close future
Date: 2010-10-01 00:01:00
Even though Auchan possesses more than five 30-50 hectares unbuilt real estates all over Hungary, but the company is planning to launch big constructions only after the recession is over....
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Online Shop to open by Est Media Group
Date: 2010-10-01 00:00:40
The online shop estkönyvek.hu was launched on 30th September by Est Media Group Ltd (EMG) and KÖNYVLABOROK Ltd, based on the contract signed on 29th June. The testing of the...
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The casino-business is not an attraction to investors
Date: 2010-10-01 00:00:30
French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest...
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Tesco Bróker to be launched tomorrow
Date: 2010-10-01 00:00:20
Clients can open stock accounts and also long-term investment accounts free of charge at the Tesco stores from Friday on. The website tescobroker.hu will run sales and purchases. Tesco Bróker,...
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Retail World Congress in Berlin
Date: 2010-09-30 00:04:02
During the three days of the event, more than 130 lecturers will show an overview of the post-crisis retail situation, between October 25-27, in Berlin. How the reatil can respond...
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GKI: next year the Hungarian economy will increase by only 2.5 percent
Date: 2010-09-30 00:03:55
The conditions of economic growth are worse than previously assumed, therefore, the GKI Economic Research Co. decreased next year’s growth forecast, from 3 percent to 2.5 percent. This year’s forecast...
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Europe's most valuable brands
Date: 2010-09-30 00:03:44
According to the recently published study of Eurobrand; Louis Vuitton is the most valuable brand in Europe. Globally, Coca-Cola still is in the lead, while in Hungary the Túró Rudi...
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Auchan’s own branded food products to come
Date: 2010-09-30 00:03:28
This year, Auchan introduces nearly 400 new own branded mainly Hungarian products in the food sector. The company this year, introduces nearly 400 new products in the food sector, and...
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The Ministry of National Resources would increase the excise tax of alcohol and cigarette
Date: 2010-09-30 00:03:08
The State Secretary of the Ministry of National Resources, responsible for health issues, would create additional sources for health care from the excise tax of alcohol and tobacco. After the...
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The business sector is confident in the euro area
Date: 2010-09-30 00:03:04
The business sentiment has improved in the euro area in September – said the European Commission on Wednesday. In regular monthly assessment, the Brussels-based body points out, that the overall...
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The KDFSZ objects the reduction in real wages of the Tesco workers
Date: 2010-09-30 00:01:25
Tesco in response of the statement of KDFSZ today announced: the chain implemented a wage increase even though the majority of the players in the sector did not increase the...
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The best known winemaker of the Great Plains cuts out his grapes
Date: 2010-09-30 00:01:01
One of the best known winemaker of Csongrád County cut out his grapes. Somodi Sándor of Ásotthalom told to Délmagyarország, that viticulture is not worth, but he still continue to...
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The OMV-cafes celebrate the International Coffee Day
Date: 2010-09-30 00:00:05
The VIVA cafes of the OMV filling stations celebrate the International Coffee Day for the second time on the 1st of October. On the 1st of October, on the occasion...
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The Hungarian leader of the European food committee denies the allegations
Date: 2010-09-30 00:00:01
Bánáti Diána, the Director-General of the Central Food Research Institute (KÉKI) denied to MTI on Wednesday that she lobbied for genetically modified (GM) plants. Bánáti Diána, rejects the allegations which...
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Further milk price increases
Date: 2010-09-29 00:03:29
From the 1st of November, the price of milk and dairy products may increase again, because on the spot market a growing demand occured for raw milk – said Mélykúti...
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The date of durability on foodstuffs will be uniformed
Date: 2010-09-29 00:03:22
After one and a half-year transitional period, the date of durability on foodstuffs will be uniformed. Only the day / month / year order will be valid. The change in...
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GfK: 135 billion HUF on clothing
Date: 2010-09-29 00:03:21
In the first half of this year, 135 billion HUF was spent on clothing by the Hungarians, six percent less, compared to the previous year. Fewer people are buying clothes,...
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The Corvin Promenade became Europe's best urban project
Date: 2010-09-29 00:02:01
The Corvin Promenade won Europe's best mixed-purpose estate project award at the professional contest of the International Property Awards and the Bloomberg Television. The 100 percent Hungarian-owned Futureal Group won...
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More than half of the Hungarian companies are considered as risky partners
Date: 2010-09-29 00:01:20
According to Coface credit insurer; More than half of the Hungarian companies will continue to be explicitly, or moderately risky business partners. This ratio is persistently higher than the regional...
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Aged wine stocks decrease
Date: 2010-09-29 00:00:50
The mountain village of Szekszárd, expects a decrease in aged wine stocks, after in this year is is expected to be less grape harvested in the Szekszárd wine region. In...
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Western Transdanubian tourism may accelerate
Date: 2010-09-29 00:00:25
Travel industry professionals arrived to Western Transdanubia for the first time from Romania, Bulgaria and Poland, where they could become acquainted with the opportunities and the capabilities of the region....
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German consumer sentiment is on its three-year peak
Date: 2010-09-29 00:00:05
Thanks to the continuation of economic recovery, declining unemployment and a moderate decline in prices, the German consumer sentiment improved in September, exceeding the expectations. According to the GfK market...
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One million HUF fine for Lyoness
Date: 2010-09-29 00:00:01
The Competition Authority fined Lyoness for one million HUF, because Lyoness did not fully informed the customers. Lyoness had not given full informations in three paid commercial appearances in the...
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The ministry would reduce the VAT of food products
Date: 2010-09-28 00:02:28
The Ministry of Rural Development proposes the VAT reduction of basic foods and cereal products – informs the Ministry of Food and Supervision Secretary of State in Bak, Zala County....
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Bread prices may rise permanently
Date: 2010-09-28 00:02:20
In a few months white bread prices may rise up to 30 percent. By the end of the year, around 300 HUF should be paid for a kilogram. The price...
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The EU votes on sugar-free fruit juices
Date: 2010-09-28 00:02:20
The European Union would ban sugar from the fruit juices. They would also regulate, that the juices made of concentration could not be marketed as 100 percent fruit juices. In...
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Hungaria 55: This number represents the Hungaria champagne brand in 2010
Date: 2010-09-28 00:02:01
The Hungaria champagne brand, that was founded in 1955, is celebrating its 55th birthday this year. On this occasion, the Hungaria Champagne winery created the Hungaria 55 brand, a champagne,...
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