The third of the domestic baking industry is foreign-owned

It is estimated that 3-400 Albanian and three dozens of Croatian bakeries are operating in Hungary and 150 more indicated to open a business – wrote Népszava on Wednesday. Currently, one-third of the domestic baking industry is in hands of foreign owners.

According to Werli József, Professional Secretary of the Hungarian Association of Bakers, almost all of the big chains are operating their own bakeries and offering the bread mostly on cost price. This means a fierce competition for suppliers and other market participants, while consumers spend less, however, due to a decrease in the price of flour bread price increase is not expected. (MTI, vallalkozoinegyed.hu)