Market News

UK food retailers are looking for cheap Eastern European labor forces

English chains are recruiting foreign workers. Tesco is looking for new employees in Slovakia and in Poland, for example. In Hungary the recruitement of cooks became also popular. A few...

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Tender money to support the regional wine houses

The Magyar Borok Háza Alapítvány(MBHA) (Foundation of Hungarian Wines) wrote out a 2.5 million HUF application to support the operation of the regional wine houses and, wine shops. The competition...

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Chocolate bar buyers pay attention to quality

Economic recession left its mark on the market of chocolate bars too, but to a lesser extent than in the countline chocolate or praline categories. “One of the main reasons...

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Despite the 4 percent inflation we can find products that are getting cheaper

In the first two months, prices were higher with an average of 4.0 percent, compared to the same period of last year – shows the analysis of the Central Statistical...

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Mangalica Pig may become a Hungarikum

The aim of the breeders is that the high-quality Mangalica Pig, that has a centuries of tradition to be included among the Hungarikums – said Tóth Péter, President of the...

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Brussels provides 46 million euros to the Hungarian dairy producers

The regulation over the special dairy support has been published. The regulation entered into force on the 28th of  March. As the treatment of the specific disadvantages for of dairy...

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France would put the global food market on new basics

France aims to repel speculation in food prices. While the European Commission not even mentioned speculation in its late January report as the reason of of food price fluctuations, France...

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China: sophisticated demand, dramatic supply

More than 1,000 businessmen from 420 companies, government officials and economists participated in the first Nielsen China Forum in Shanghai. Mitch Barns, the president of Nielsen’s China affiliate told at...

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In most EU countries, the VAT rate of basic foodstuffs is lower than in Hungary

As previously been reported in Hungary, many sectors are lobbying to ensure to be in the scope of the 5 or 18 percent reduced VAT rate, however, very few succeed...

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Are the less well-off really poor?

Join us in a myth hunt! Each month Trade magazin and GfK Hungária Market Research Institute examine a statement popular in the field of retail, to decide whether it stands...

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After three-quarters of strengthening business sentiment in Germany declined slightly

The business confidence index of the Munich-based Ifo Institute for Economic Research declined to 111.1 points in March, from the former 111.2 points of February, but it's better than the...

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France would coordinate the control of Japanese food

France urged the European Commission to introduce a coordinated monitoring system in connection with the imported Japanese fresh products. So far, eight countries prohibit the imports of food from Japan....

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It is worthy to open sub-account for Internet shopping

According to the recent survey of the National Consumer Protection Authority, 60 percent of the respondents have already paid online by credit card, a bad experience occurred at just one...

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Number of traditional small stores decreased, but they still catch 27 percent of all food sales

The number of general grocery stores decreased by 2 percent, which means a total of 332 stores last year, compared to the previous year. Thus, there were 19 669 stores...

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Egg prices may significantly increase for Easter

In Tolna county markets, farmers sell eggs for 28 to 32 HUF. According to a fellow worker of the Hungarian Chamber of Agriculture, before Easter, significant price increases are experienced,...

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The indication of discounted prices is problematic

The National Consumer Protection Authority (NFH) investigated the Christmas promotional activities of twenty-seven chain of stores, as well as general trading coditions. Controls were carried out in a total of...

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Mobile phones may replace credit cards

The NFC-based payment has the potential to help the purchases: the credit card of the future is the mobile phone. According to James Anderson, CEO of MasterCard; during the following...

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Fruits and vegetables are the most sought for among organic food products

In Europe’s leading ‘organic countries’ the consumption of organic products grew by 20-30 percent in the last couple of years – with the exception of 2010 when consumption significantly fell....

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VHT – do not protest, but they want a controlled VAT-reduction

The Livestock and Meat Association and Productcouncil (VHT) does not agree with the protest planned for 30th March in Kossuth tér, Budapest, which is organized by the Association of Hungarian...

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The retail trade turnover repeated the performance of last year's January

This January, the turnover volume of retail stores – on the basis of the calendar-adjusted data – was similar to the January of the previous year. According to the seasonally...

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Globally, sugar prices are decreasing

While in Hungary processed sugar prices are much higher than in the surrounding countries, at the world's commodity exchanges, the price of raw sugar and white sugar is on a...

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Japanese import foods are not contaminated by radiation

According to the previous studies: Japanese foods imported into the European Union are not contaminated by radiation. ” We did not find anything ” – said Frederic Vincent, consumer protection...

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Joint venture would help the marketing of Hungarian food and wine in Russia

The Association of Entrepreneurs' Club organizes the establishment of Hungarian-Russian joint venture, in order to help the Russian marketing of quality Hungarian food and wine. Ujhelyi Sándor, President of the...

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GKI-Erste: optimism vanished in February

The business expectations decreased slightly in March, after the ten year peak of February, while the consumer expectations sharply fall to the depths of last April. As a result, GKI-Erste’s...

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IMF: Global economy may increase by about four and a half percent this year and in the next year

The International Monetary Fund (IMF) expects global economy increase of 4.4 percent for 2010 and a somewhat stronger, 4.5 percent for 2011, which is equal to its forecast published in...

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Shopping carts dirtier than public toilets

An American study found that shopping carts are dirtier, meaning more contaminants can be found on them than in an average public toilet. A recent study showed shocking figures about...

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12 global root trends identified by Future Value Chain 2020

1. Increased urbanisation and the rise of megacities will impact the size of stores, logistics and the supply chain. • 2. Aging population will have economic and political consequences related...

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Analysts consider food VAT decrease unlikely

Although the Rural Development Ministry would decrease the VAT rate of basic foodstuffs to 5 percent, according to the analysts polled by Origo, it has small chance to happen. The...

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Beyond milk

There are great opportunities on the market of special dairy products and on the milk substitute market because at the moment few products are available, while the number of people...

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GfK: the crisis can still be felt on the market of consumer durables

In Hungary, the biggest increase occurred on the IT hardware market. The consumer electronics market was saved by the flat-panel televisions, due to the football World Cup as well as...

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