Market News

Hungary is on the podium in terms of Mineral Water in Europe

In Hungary, 159 certified mineral water brands can be found. More mineral water brands in Europe can be found only in Germany and in Italy – Pet-Pack Ipari és Kereskedelmi...

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Hungary lags behind the EU average in the collection of beverage cartons

Although there is a growing range of those in Hungary who collect beverage cartons separately, the volume is still below the average of EU member states – shows the survey...

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Budai Gyula: GMO-free Hungary is a competitive advantage

GMO-free is competitive advantage for Hungary, and for the Hungarian agriculture – Budai Gyula  said on Tuesday in Eger. Budai Gyula pointed out that agriculture is a strategic sector in...

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Canned fish: swimming upstream

Although fish consumption in Hungary is still way below the European average, the slow conquest of health trends had a favourable effect on fish and canned fish sales in the...

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KPMG: the importance of consumer taxes increases worldwide

The governments around the world are planning to collect more revenues from VAT, after the corporate tax rates are decreasing together with the profits of the companies and the corporate...

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Analysts: trade surplus remains high next year

No significant recovery is expected in internal demand next year, so trade surplus may remain high in 2013 – analysts told MTI. Calculating in euros exports declined by 4.2, while...

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The denomination of certain milk products will be clarified in the Hungarian Food Codex

The denomination of certain milk products would be clarified in the Hungarian Food Codex. The ministerial decree on this draft was published on Thursday in the government news portal. Under...

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Illegally distributed cooking oil and granulated sugar was found by Nébih

More than 250 thousand liters of imported and illegally sold cooking oil and more than 70 thousand kilograms of granulated sugar was found in two Székesfehérvár warehouse – the National...

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Sales promotion on a higher level

Nowadays, one of the key tasks of each marketing and trade marketing expert is sales promotion. Experts need to think in terms of complex promoting strategies, ones which are commensurate...

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The cherry pálinka of the year is being prepared

Twelve premium pálinkas will be included to the special blend of 2013. Hungary once again jointly prepares the pálinka of the year, this time with sour cherries. The experts of...

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New Year’s Eve-period buyers rule the sparkling wine market

In the 12-month period between September 2011 and August 2012 44 percent of Hungarian households purchased sparkling wine. This represents a small drop from the previous such period. Sparkling wine...

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Travels around FMCG – Business Days 2012 – part 2

On Thursday the second section focused on the labour market and human resources. The moderator and first presenter was Randstad managing director Sándor Baja, who analysed challenges on the labour...

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Changing demand is reshaping production as well

Budapest was the host of the COPA and COGECA congress between 1 and 3 October in 2012. One of the topics discussed was better utilisation of opportunities in bioeconomics. Participants...

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Tobacco products: the black market is growing again

GfK Hungária’s latest study reveals that illegal tobacco product trade is becoming more and more widespread. According to official data, in 2011 total revenue from tobacco product sales was HUF...

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There will be no Hungarian potato left by spring

Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) reveal that the production price of potato in July-October 2012 was 28 percent higher than...

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Their plan goes up in e-smoke

In 2010 the state budget’s revenue from the excise duty and VAT on tobacco products amounted to HUF 360 billion. Hungary’s parliament passed the new ‘tobacco shop law’ in September....

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Retail – the artery of the economy

Tesco invited its media partners to a press meeting on 14 November, where the company shared with participants the results of the study conducted by Századvég Economic Research Institute, which...

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Quo vadis Hungarian manager?

After the summer break many are waiting for the job market to come to life. What are the current trends? Economic recession forced many companies to restructure themselves and to...

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Trends, whys and answers – part 7

As a qualitative market researcher, my experience is that about half of Hungarian consumers belong to the medi-level group (with an average level of price sensitivity). Their income is not...

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POPAI Awards POP competition winners

Display of the Year and ‘Non-durable’ category winner: Knoppers display – OSG Form Kft. • ‘Non-durable’ category second place: Pritt island – IS Innovative Solutions Kft. • ‘Non-durable’ category third...

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USA: the highest holiday season turnover of the last 5 years is forecasted

According to the International Business Times, retailers in North America expect the highest holiday sales since 2007. 100 retail marketing executives were interviewed and their answers revealed an expected growth...

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Christmas came too early for some customers

Canadian drugstore chain Shopper Drug Mart realised that the first week of November is too early to start the Christmas countdown and at midnight 5 November they stopped playing Christmas...

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Fresh groceries attract customers

For Hungarians high quality fresh groceries is the fifth most important factor (from twenty-two) in deciding where to go shopping – according to the latest ShopperTrends survey by Nielsen. Value...

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The price of pork may rise significantly

Pig farmers justify a twenty, or even thirty percent price increase, after the feed prices jumped because of the bad harvest. The purchase price of pork increased to 380-400 HUF...

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KSH: increase in agricultural producer prices

In July, the price of vegetable products increased by 5.3 percent after a decline of eight months, while the price of live animals and animal products increased by 9.3 percent...

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GKI: Recession continues uninterrupted during economic adjustments

GKI forecast slight GDP growth (0.8 per cent) for 2013 following a decline of 1.5 per cent in 2012. In the wake of the new restrictions announced lately, however, only...

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The price consciousness of Hungarians is similar to the European average

The price is the most important when purchasing clothing products for 50 percent of the Hungarian consumers. 48 percent are watching the price of household products. This ratio is 43...

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Fazekas Sándor: the melon sector is on a growing path

The domestic melon sector is on a growing path – said the Minister of Rural Development in Medgyesegyháza on Saturday at the National Conference on the Evaluation of the Melon...

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Innovation might be the best way to go forward

While the European Union is falling behind when it comes to innovative solutions, USA and Asia are catching up fast. Innovating was never easy. But it’s more difficult than ever...

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Company gifting continued to decrease

This year Christmas gifting at companies declines further. The downward trend lasts since 2008 – shows the survey of the Promo Data Piackutató Kft. market research company. The Promo Data...

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