Market News

Excerpt from the president’s justification:

…” It is the Parliament’s right to decide whether legislative means are needed to repel unfair market conducts. (…) I doubt whether the law is completely in line with the...

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In Poland thousands of small shops disappear, but their market share is stable

According to Nielsen’s ShopperTrends survey, the market share of small traditional shops has been stable at 55 percent for three years. Among modern retail channels supermarket is the most popular....

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New advertising code of ethics entered into force

The new Hungarian Advertising Code of Ethics was signed by 26 professional organisations and entered into force on 30 September 2009. It is based on the Code of Ethics of...

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Where were bakers mistaken?

The aim of the Association of Hungarian Bakers and baking companies was to cooperate and to harmonise the activities of the different actors in the baking industry, in order to...

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Customer satisfaction is the guarantee for our company’s success

We had a conversation with CEO Dr. Tibor Bakonyi about the steps the company has taken recently to improve their market position and serve customers. According to the CEO, during...

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Non-alcoholic mono pralines become more robust

Retail sales of praline were up by 6 percent in value in August 2008-July 2009, with the market exceeding an annual HUF 19 billion. As for volume, praline sales reached...

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The handbrake is on

A bill has been proposed in Parliament that would strengthen the bargaining position of suppliers and would limit detrimental conditions (buying back obligation of suppliers, long payment deadlines, etc.) set...

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Sailing out of the crisis – with innovations

“We sail out of the crisis!” This was the motto of the trade symposium organised by STI Petőfi Nyomda Kft. on the Zsófia event boat in September. Managing director Dr...

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Praline buyers do not economise when buying them as a present

As a result of austerity measures, the praline market has also stepped on the brake: growth rate drastically slowed down and now approaches stagnation. Bonbonetti’s sales director, György Seregi is...

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Széchenyi Card increasingly popular

– Enterprises do not dare to make long term plans and choose easily accessible, cheap loans. Consequently, the number of companies applying for Széchenyi Card grew significantly – says László...

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Lower praline sales in the first 6 months

According to GfK Hungária’s ConsumerScan, average praline sales exceeded 1.3 kg (approximately 8 boxes) in the first 6 months, we usually buy 1-2 boxes once a month. Buying frequency was...

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Széchenyi Card in numbers

The programme was launched in 2002 and after 160,000 applications 120,000 have been handed out so far. SMEs usually apply for HUF 5 million or smaller loans. More and more...

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Pasta market surpasses HUF 27 billion

Annual pasta sales were up by 4 percent in August 2008-June 2009 and surpassed HUF 27 billion. In the same period volume sales stagnated around 53,000 tons, reveals the Nielsen...

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Decrease has not stopped

Retail sales continued to fall in July (6.6 percent in volume). According to KSH’s report, the decrease was 2.3 percent smaller than in the previous month. In the first seven...

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More cooking done at home is both an opportunity and a challenge for pasta

Average price on the pasta market has been stagnating since 2008 and private labels have achieved a 45 percent market share. Import is not significant and egg-content is practically unchanged....

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Cattle sent to the slaughter

Agricultural Eonomics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their latest market report reveals that decrease in the production price of domestic slaughter...

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Panorama on the Christmas commercial credit market

The CEO of Hungarian Cetelem expects subdued season on the commercial credit market. According to Lendvai János; unemployment causing serious problems, making it difficult to expected high demand for loans...

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The number of conferences halved in the first part of 2009

According to the compilation of the Hungarian Convention Bureau; during the first half of this year, 118 international conferences were held in Hungary. This is a 51 percent decline, compared...

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Bankruptcy wave before peak

According to the latest analysis of Coface Hungary; the insolvency ratio of the firms increased by 36 percent in the first nine months of this year, compared to the same...

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Does not involve consideration to the webshop in case of waiver clause

The union court stated: In the cases of Internet orders, if the buyer cancels, one should not pay fee for the usage to the seller, despite one used the product...

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Consumer confidence fell in Germany

According to GfK market research institute; contrary to the expectations, consumer confidence has deteriorated in Germany,: November’s sentiment index decreased by 4.0 point from the previous 4.2 points. The analysts...

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Coffee is good for the liver

According to the analysis of the American Cancer Institute (NCI) the daily consumption of coffee, has beneficial effect on liver function. Those chronic hepatitis C patients who drink three or...

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Quality complaints against dairy products

All produced and marketed milk of Fresh Food Ltd. before 21st October will be recalled, because it does not meet the required composition – stated the Agricultural Office Authorization. The...

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Trade: sloping down

According to the datas of the Central Statistical Office; retail sales decreased in the August of 2009 by 8.5 percent, compared to the same month of 2008. At foods 7...

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The economic expectations are improving for six months

The seasonally adjusted value of the GKI economy index increases for six months now, after nearly half-year fall. The improvement is, however, slower than the deterioration was, so it is...

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Italian investment is expected in the Hungarian food industry

The Hungarian investment promotion agency is negotiating with several Italian companies, over investment opportunities, in the areas of food processing and alternative energy – said Spányik Péter leading external diplomat...

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Selling glasses and concert tickets in hypermarkets

British hypermarket chain, the Asda will open optical desks in 84 stores in Britain. The strong retail chains are selling quite different products differ from their profile, more often. Asda...

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EU protection for the Hungarian horse-radish

The European Commission declared protected and added Hajdúsági horse-radish to the narrow range of protected products of the European Union. According to the communication of the EU, Government, the Hungarian...

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Hungarian wines in Milan

For the first time in Italy, the Hungarian Investment and Trade Development Agency (ITD Hungary) organised an autonomous Hungarian wine presentation. The Milan event aims to promote the wines of...

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GfK – nine-tenths of the population agrees with the proposal of MNB

According to GfK Hungária; eighty-nine percent of the population agrees with the proposal of the Hungarian National Bank (MNB) that greater caution and responsibility is necessary to provide a loan....

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