Market News

Less detergent sold in promotion

Detergent retail sales in January-October 2012 surpassed HUF 27 billion. Value sales didn’t change from the base period but volume sales fell 9 percent, according to the Nielsen Retail Index....

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Products with an added value and manufacturer brands increase their share from sales

Data from GfK Hungária’s Household Panel indicate that the expansion of the mineral water market also has to do with the advancement of manufacturer brands and products with an added...

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Frozen food brands are looking for added value

Just like previous years, 2012 was all about the expansion of private label and cheap products on the frozen fruit/vegetable and frozen meals market. László Markovits, owner and managing director...

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The Easter bunny brought sales growth to chocolate figure manufacturers last year

Sales grew again last year, despite that the elevated public health product fee (NETA) and 2 percent higher VAT burdened chocolate rabbits and eggs. Andrea Szabó, junior brand manager of...

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Purchasing via mobile phone: we spent almost one billion HUF last year

Purchasing via mobile devices increased explosively in Hungary. The number of visitors through mobile devices on the sites of Allegroup.hu, which operates Vatera as well, reached almost 29 million. This...

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Global e-commerce rose to 1 trillion USD last year

According to the estimates of eMarketer, the global value of digital purchases increased by 21.1 percent to 1 trillion USD in 2012. The researcher estimates that sales in 2013 will...

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GfK: the wealthier spend on health maintenance

According to GfK Hungária’s Health Economic Monitor 2012 annual survey, the Hungarian population has increased their spendings on health maintenance over the past year. The study concludes that although the...

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Czech retail sales decreased last year

Retail sales in the Czech Republic decreased by an annual 1.1 percent last year – the Czech Statistical Office announced on Tuesday. In December, without including the seasonal fluctuations the...

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The German Super Cow already gave 150 thousand liters of milk

The black and white Holstein cattle gave 150 thousand liters of milk in the last thirteen years, on a farm in Talling, Germany. The farmer explains the good lactation results...

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The confidence index of the Hungarian consumers is no longer the lowest in the world

The confidence index of the Hungarian consumers is no longer the lowest among the studied fifty-eight countries. In Hungary, the index in the in the fourth quarter was 37 points,...

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The dairy industry expect bankruptcies after a controversial year

If theVAT rate of dairy products will not be reduced below 10 percent in time, than the dairies expect mass bankruptcies – Mélykúti Tibor, Co-Chairman of the Milk Marketing Board...

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Fazekas Sándor: the target is to double the Hungarian pig population until 2017

The Ministry of Agriculture would like to ensure that the Hungarian pig population will be doubled until 2017. In order to reach this goal, the ministry’s pig program provides a...

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The Association of Local Currencies will be formed

The issuers of regional vouchers the so-called local currencies will establish a professional organization – confirmed Perkovátz Tamás, the issuer of the first Hungarian local currency of Sopron to  MTI...

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A revival on the retail property market in Europe

European retail property investment sales totaled 13.5 billion euros in the last quarter of 2012, compared to the average quarterly turnover of 9 billion euros of the recent years –...

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Increased control to keep smoking ban in the second week of February

Increased controls will be carried out again during the second week of February at entertainment and hospitality areas in compliance with the law on the protection of non-smokers – the...

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The share of local products increased to 10-12 percent in food distribution

The distribution of local food production has increased to about 10 to 12 percent, while the internal sales of Hungarian food products increased from 70 to 75 percent – Fazekas...

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Alcohol, coffee and newspapers in the tobacco shops

The National Tobacco Shops can sell alcoholic drinks, energy drinks, coffee, mineral water, as well as soft drinks and newspapers and may start as early as May. The government would...

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Hungary is on the 26th place on the innovation list

Hungary is the 26th on Bloomberg’s innovation list. The United States leads the list, followed by South Korea, Germany, Finland and Sweden. Im terms of R&D intensity (R&D spendings in...

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Euro area annual inflation down to 2.0%

Euro area annual inflation is expected to be 2.0% in January 2013, down from 2.2% in December 20123, according to a flash estimate4 from Eurostat, the statistical office of the...

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Regular fair of farm products started in Szeged

Farmers of Csongrád county offer their quality food products from Monday twice a week in the great hall in the Mars-square market in Szeged. the valuable products of the farmers...

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The value of mergers and acquisitions decreased in Hungary last year

The value of Hungarian corporate mergers and acquisitions (M&A) decreased by 69 percent last year to an estimated 550 million USD – Dezse Margaret, managing partner of Ernst and Young...

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15 million pizzas consumed in the U.S. during the Super Bowl

More than 15 million pizzas and more than one billion chicken wings will be consumed during the Super Bowl. An average ticket costs one and a half million HUF into...

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The trade balance may improve if exports starts to grow

Due to the decline in domestic demand, import growth is expected to remain below the growth of export. Export in favorable conditions can recover for the end of the year,...

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The domestic manufacturing industry starts the year well

In January, the output of the manufacturing industry has increased the most significantly in Hungary, in the Central and Eastern European region and in contrast with the euro zone the...

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The online advertising market has increased further

In the last quarter of 2012 the positive trend in the domestic online and mobile advertising market has continued. The advertising revenue of companies in the IAB NORI index achieved...

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The U.S. Ambassador gave recognition to the Hungarian Food Bank Association

Eleni Tsakopoulos Kounalakis U.S. Ambassador awarded the Hungarian Food Bank Association with Active Citizenship diploma in Budapest on Thursday, recognizing the organization's food donations collection and distribution and the support...

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Seventy percent of the agricultural production is bought by the domestic food industry

Seventy percent of the agricultural production in Hungary is purchased by the Hungarian food industry – Fazekas Sándor Rural Development Minister said on Wednesday in Budapest, at a meeting organized...

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Solid price drop on the cereal market

The declining price trend in world grain trade continues. Good news arived from the Hungarian fields. According to the agrometeorologists, the ground’s water supplies are rapidly growing after a long...

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PwC: Family business survey

Two thirds of family firms around the world have grown their sales in 2011, and even more are confident that their ambitious growth targets for the next five years will...

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The Nébih has banned the distribution of foods and pesticides from the Far East

The National Food Chain Safety Office (Nébih) banned the distribution of 5000 kilograms of food from the Far East, as well as 72,000 liters of pesticides – the agency told...

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