News and articles
Drought and hail affects agriculture
Date: 2009-06-11 00:22:00
Because of the weather, the agriculture is in a difficult situation. Food will become more expensive due to the lower production and the ice damage. Price increase might be up...
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Five new Herbal Essences Product Collection from 1 July
Date: 2009-06-11 00:20:00
The marketing concept of the new Herbal Essences Product Collection is based on the playful world of dreams and fantasy, targeting primarily teenagers and young girls and women in their...
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Booming bicycle tourism around Lake Balaton
Date: 2009-06-11 00:09:00
Bicycle tourism at Lake Balaton can break records this year. It is projected that traffic can increase with 40 percent. Meanwhile, the quality of bicycle paths is deteriorating. According to...
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The insolvency of Arcandor could be Germany's largest bankruptcy
Date: 2009-06-11 00:04:00
Arcandor the owner of Karstadt which is one of Germany's oldest chain of stores asked for bankruptcy protection. Fourty-three thousand jobs are at risk. Prior to this, the German Government...
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Commercial chain would bound VAT increase on food producers
Date: 2009-06-11 00:02:00
Several large commercial chains turned for help to the processors, asking for a discount of 4-6 percent because of the VAT increase. According to Boródi Attila, Executive Chairman of the...
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Penny Market's Birthday Action went wrong
Date: 2009-06-11 00:01:00
The Economic Competition Authority has received a dozens of complaints in connection with Penny Market's Birthday Action. The discount priced products ran out of stock in a few moments and...
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The Hungarian rosé can survive
Date: 2009-06-10 00:22:00
The European Commission announced that Brussels does not support the proposal, which would allowed the production of rosé wines combining red and white wine – reports Origo. The authorization procedure,...
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Printer and packaging companies are preparing for autumn presentations
Date: 2009-06-10 00:21:00
Between 22 and 25 September, Budatranspack – Printexpo – Promotion professional exhibition will take place at Hungexpo with the participation of printing, packaging, logistics and marketing-communications companies. The event will...
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The weekend of rural tourism
Date: 2009-06-10 00:20:00
Rural tourism weekend (officially Homecoming weekend), will be held this year for the first time. Rural producers, suppliers can show their products among real farm environment on the expense of...
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Decreasing Hungarian GDP in the first quarter
Date: 2009-06-10 00:18:00
The gross domestic product (GDP) in the first quarter of 2009 was 6.7 percent lower than a year earlier, with the screening of calendar effect it was 6.1 percent lower...
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Employment can decrease with further four percent
Date: 2009-06-10 00:13:00
According to Manpower's international survey the number of employees in the third quarter of the year can decrease by 4 percent in Hungary – states Kiss Judit, the Managing Director...
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Heineken and Pick became Superbrand for the fifth time in Hungary
Date: 2009-06-10 00:06:00
Pick and Heineken won each year the Superbrand title since the start of brand building program in Hungary in 2004. Pick also won the Business Superbrands title. The Hungarian superbrands...
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Poultry sector can increase this year
Date: 2009-06-10 00:05:00
Despite the adverse economic conditions, the poultry sector calculates with about 6.5 percent growth for this year – stated Bárány László, President of the Poultry Product Council (BTT). The President...
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Bonduelle for the handball team of Békéscsaba
Date: 2009-06-10 00:03:00
Bonduelle Central Europe Ltd. has signed an agreement with Előre Ltd. which operates the women handball team of Békéscsaba. By this, the company belongs to the Bonduelle Group, became the...
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Judit Kiss will be the new Managing Director of SPAR
Date: 2009-06-10 00:02:00
From 1 July 2009, the scope of the Executive Directors of Spar Hungary Ltd. will expand with a new member. One of the Executive Directors will be Kiss Judit (40)...
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Renewal of the Új Magyarország Development Loan
Date: 2009-06-09 00:24:00
According to the Ministry of Agriculture for the end of June, the commercial banks will also make available the new and even more favorable version of Új Magyarország Development Loan....
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Guest traffic decreased
Date: 2009-06-09 00:22:00
According to Central Statistical Office the number of foreign and domestic visitors in 2009. January and in April decreased by 16, and 8 percentage points compared to the results of...
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One hundred million euro credit line to medium-sized businesses
Date: 2009-06-09 00:18:00
Hungarian Development Bank Ltd. (MFB) and the European Investment Bank (EIB) signed an agreement of an amount of hundred million Euros credit line, to finance the projects of medium-sized businesses....
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Tokaj Wine Weekends
Date: 2009-06-09 00:15:00
From June until the end of August the Tokaj wine region is waiting its guests with organized weekend programs. Those who interested can participate in family, wine and culinary programs,...
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Nestle News from France and Switzerland
Date: 2009-06-09 00:11:00
Nestle French unit may miss its growth targets as the company has lost market share for its powdered milk and baby food brands. In Switzerland, a new production and distribution...
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Fluctuating grain prices are expected in the future
Date: 2009-06-09 00:10:00
According to an officer of the UN Food and Agriculture Organization (FAO) probably there will be greater volatility in the grain prices in the future than it has been before....
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Carrefour opens DIA discount in France
Date: 2009-06-09 00:08:00
Carrefour is trialling two discount stores in France under its DIA banner. The aim is to revitalise its discount activity within France based on its successful experience in Spain. fThese...
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Lighter bottles at Kékkúti Mineral Water
Date: 2009-06-09 00:05:00
Kékkúti Mineral Water Ltd. introduced lighter bottles for the summer. Kékkuti can produce 15 bottles from the same amount of plastic than before in the cases of 1.5-liter Theodora and...
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EU wants more understandable food labels
Date: 2009-06-09 00:03:00
European Commission called on the clearer and more efficient information connecting with the quality of agricultural products. According to the European Commission the strenghtening of the relationship between producers and...
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Increasing cocoa world prices
Date: 2009-06-09 00:01:00
In the past two weeks, cocoa increased by 11 percent on the London commodity markets. The processing industry's demand for cocoa has been a significantly increased in the last few...
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The consumption of non-alcoholic beer increases
Date: 2009-06-08 00:42:00
Between May 2008 and April 2009, five percent more non-alcoholic beer has been sold than a year earlier. The average price of a liter decreased from 330 HUF to 302...
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More than six billion HUF, EU and governmental support to the palinka distilerries
Date: 2009-06-08 00:41:00
This year, the government and the European Union contributed in a 50-50 percent support for the Hungarian palinka distilerries. The development will be carried out by 6.4 billion HUF. According...
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The Ministry of Agriculture declared Vis Maior due to the drought
Date: 2009-06-08 00:40:00
The Agriculture Minister proclaimed Vis Maior due to the drought of 2009 for the whole territory of Hungary. Farmers can claim drought alleviation at the Administrative Office of Agriculture –...
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Törley won medals in England
Date: 2009-06-08 00:20:00
Nine Törley product proved its brand at the 40th International Wine and Spirit Competition, in England. The prestigious jury awarded nine Törley product. Three products gained silver, six products have...
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GKI forecast on the 2009 processes of the Hungarian economy
Date: 2009-06-08 00:11:00
According to the forecast of GKI Economic Research Ltd. and Erste Bank, the nadir of the recession is expected in the second-third quarter of this year. However, the improvements will...
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