Market News

Olive oil marketing the Italian way

The olive oil and wine producers of the Italian province of Imperia turn to the Hungarian, Czech and Polish markets for new sales opportunities. The chamber of commerce invited purchasers...

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Time travel at Christmas

The end of last year will not be remembered for an abundance of presents. Most families celebrated modestly with a smaller Christmas tree and fewer or cheaper presents. Traditionally, December...

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Turkey sales plummeting

It seems that demand for cheaper poultry also started to shrink: last year poultry processing companies bought only 1 percent less chicken meet from breeders, but at a 6-percent lower...

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More wine, but less beer sold in the first nine months of 2009

According to GfK Hungária’s ConsumerScan, in the alcoholic beverages category households bought 6 percent less beer than in the same period of 2008, but as average prices were slightly up...

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Thoughts on C.S.R.

CSR is a positive way of thinking as well, one that leads to some kind of self-cleansing. Badly interpreted CSR and promotions hidden behind the mask of CSR will soon...

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The own branded products market is a 300 billion market

Almost every fourth forints that the costumers spent, went on the purchasing of own branded products last year. This is approx. 300 billion HUF – sets Nielsen market research company,...

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Slowly the spring will come in the Hungarian economy

The tempo of the decline in retail turnover can slow down, decrease will stop in industrial production and sales – indicates the publication of Ecostat Economic Research, called Mikroszkóp. According...

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Hungarian paprika in Japan

Hungarian peppers are grown in Szolnok’s Japanese twin town: in Yuza. The vicinity of the town became an important pepper-growing area within the country, so there is a chance that...

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Third of the adult population in Hungary celebrates Valentine's Day

Some people think that Valentine's Day was invented by the lingerie, chocolate, balloons, and plush teddy bear manufacturers. Valentine's Day is a big business and the supermarket chains are eager...

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The crisis and the bad weather worsened the performance of agriculture last year

The agricultural performance declined in 2009 to its one-third – said Gőgös Zoltán, the Secretary of the Ministry of Agriculture and Rural Development, on the event of the Pest County...

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Less credit applications for greater amounts

According to the datas of the Hungarian Development Bank; the borrowing mood of the companies decreased, but the value of credit applications increased. The average of the previous loan applications...

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Sustainable growth can cost tens of thousand billions

According to the report of the Business Council for Sustainable Development (WBCSD), consist of 29 large companies; The shift to sustainable development generates huge market demand and business opportunities worldwide....

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Swiss chocolate manufacturers closed a bitter year

The crisis affected badly the turnover of Swiss chocolate manufacturers: according to the trade association of manufacturers; for the first time in six years, the sales volume and revenue also...

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Men have better salary than women at all age of groups

In Hungary, men and those people have the highest salaries, who are facing with retirement. The average income for men in all age of groups is higher, than the salary...

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Improving sentiment in the euro area

The business sentiment in the euro area improvemed further in January this year. According to the datas of the German IFO Institute for Economic Research; the comprehensive business sentiment indicator...

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Last year – with a significant surplus – foreign trade turnover declined

According to the preliminary datas of the Central Statistical Office; the value of export was 16 729 billion HUF, while the value of import was 15 439 billion HUF last...

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Concentrated beer market

According to the analysis of Plato Logic market research company; Due to the company acquisitions, now the four largest brewing group give more than half of the world’s beer producing....

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Now, it is certain: China is the world's largest exporter

Due to the 18.4 percent decline in exports of last year, Germany has lost the world's leading exporter title. Currently China is the world's largest exporter – reported the German...

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Beer consumption is good against osteoporosis

The Department of Food Science of the University of California has good news for beer lovers. The silicon is key to the increasing of the bone’s density and thus plays...

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Wine Marketing Renewal

According to Tornai Tamás, the President of the Hungarian Grape and Wine Association (MSZBSZ); to maintain the annual 3 million hectoliters traffic of the Hungarian wine, a concerted Wine Marketing...

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Hungarian National resources are not enough for EU supports

Hungary currently has no country-wide development policy, in addition to EU funds it can not be used as it should – said Parragh László, the President of the Hungarian Trade...

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China: 270 million new credit card in a year

According to the Chinese central bank; The Chinese consumers last year, purchased with credit card in a value of more than 24 trillion USD, one-third more than in 2008. The...

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Negative sentiment in the euro area

In the euro zone the SENTIX index decreased instead of the expected -3.2 points to -8.2 points in February from the earlier -3.7 points. The index first declines since July...

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Slovakian industry has the momentum again

The industrial production in December increased by 11.9 percent in a year in Slovakia – announced by the Slovakian Statistical Office. The analysts expected only an average 5.6 percent growth....

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A decrease in the average retail price of milk

According to Nielsen; More sold from the milk products with high volume in 2009, than in 2008. Retail turnover increased by 10 percents in the case of cheese, fruit yogurt...

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Industrial production fell last year to the bottom

According to the preliminary datas of the Central Statistical Office; the volume of industrial production was 17.7 percent lower than in 2008. The industrial production, compared to the same period...

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Farm goods in Budapest

Farm goods store opened in Budapest on Saturday. The shop aims to market only farms producing food, produced by the farmers. Chladek Tibor, creator and owner of the shop, that...

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Cheaper wine test helps the marketing of wine

Good news for the domestic wine-makers: from February, especially in the cases of high-quality wines, the test before the marketing of the products, will cost only 24 thousand HUF, instead...

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Unpleasant Christmas surprise from Germany

Germany’s industrial production had fallen sharply in December, in spite of the analysts’ expectations of a slow growth. According to the datas of the Ministry of Economic Affairs; the output...

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China do not need the U.S. chicken leg

Beijing introduces anti-dumping duty on imports of chicken meat from the United States, from the 13th of February. According to the Chinese position; the United States filled China with chicken...

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