Market News

At least 25 thousand consumer-protection check-ups this month

Provider sectors, especially those involved in tourism are about to face yet another surge of consumer protection-control between the interval of 1st and 30th April.  The major emphasis of these...

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Spanish-Hungarian business relations to be strengthened at trade-show in Madrid

It is the first time that Hungary as an exhibitor took part in the Madrid-based Salón Internacional Del Club De Gourmets trade-show, between 30th March and 2nd April. Wines from Tokaj,...

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Chocolate-industry is not at all touched by the crisis

In spite of the deplorable economic conditions, chocolate-factories seem to profit from the crisis. Chocolate-manufacturers have managed to produce a 7 percent increase of yield in Germany, while American sales reports...

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Baby food experiencing the largest sales growth in the speciality food market

Baby food experienced the largest sales growth in the specialty food market between 2006 and 2008, according to National Association for the Specialty Food Trade. Specialty baby food generated $58 million...

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A 20 percent decrease of oilseed products

Oilseed production is expected to decrease by approximately 20% in the 2009/2010 marketing year partly due to an expected decrease in sunflower seed area and lower yield. All major oilseeds...

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Increasing price of living pig and import-competition getting stronger

Moreover, there is an increase of meat-prices and the prices of meat products, and import-competition is getting stronger and stronger.  The annual Easter-time meat-breakfast organized by the Hungarian Meat-Industry Association...

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Energy-drinks appear to be crisis-resistant

In spite of the crisis, a bustling trade can be seen in the energy-drink retail-sphere. Retail volume faces a 31 percent expansion value-wise, whereas a 42 percent increase when it...

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Food sales price grow by 2.8%

According to Central Statistic Office Domestic sales prices of industry rose by 2.4% in February 2009 compared to the previous month and were 6.6% higher than in February 2008.  ...

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The latest downgrade may have serious consequences for the market

Hungary's sovereign debt is just a step away from falling to junk status, after the latest downgrade by Standard & Poor's, American business magazine Forbes pointed out on Tuesday. S&P...

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Keeping stores close would save more workplaces

Fewer workplaces were forced to close if stores would not open on Sunday – the trade union of commercial clerks (KASZ) claims.  SZ-president József Sáling pointed out that keeping stores...

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Europeum at Blaha square Budapest

Real-estate developer ABLON plans to open a new shopping centre called Europeum in the busy Blaha-area by late 2009. Blaha Lujza square keeps a busy traffic of 300 thousand people...

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More Hungarian food in the shops

Starting from 30t h June at the latest, 80 percent of sold food-products in Hungarian stores is supposed to be of Hungarian origin, Agricultural minister József Gráf mentioned now that...

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Brands love mommy-bloggers

Mommy-bloggers can easily become the big fishes of online marketing in the near future.   As a matter of fact, mothers are top-consumers: they are  responsible for $2.1 trillion of...

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Online Retailers getting more popular

If current trends continue, online retailers could outstrip the popularity of high street giants, according to TNS Worldpanel.   In its annual top 10 list of the favourite retailers in...

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Expectations hit bottom again

According to the survey conducted by GKI Economic Research Co. (www.gki.hu) with the support of the European Union, neither businesses nor consumers have ever been as pessimistic before as this...

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V4 commercial ethical code is about to come

The Agricultural Chambers of V4-countries agreed to take steps against dishonest merchants jointly, at the V4-conference in Debrecen organized by the Hungarian Agricultural Chamber. The V4 Agricultural Chambers have taken...

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Even 20%-profit increase available with data analysis methods

Firms with an outstanding performance use analysis techniques five times more frequently than weaker companies do.   Surveys justify that a carefully-planned analysis toolbar and the exploration of deeper contexts...

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'Young Enterproneurs of the Future' were awarded

Dreher Brewery submits the talented youngs with all together HUF 6 million and with half year free of charge advises in realisation of entrepreneurship.   It was the third time...

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Carrefour opens first store in Bulgaria

With a sales area of 8,300 square metres, the store offers over 50,000 SKUs, including 3,500 Carrefour own-branded products. Carrefour opened its first store in Bulgaria on 25 March in...

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Retail of clothes is bipolar

Last year an average Hungarian family spent HUF 108,500 for clothes and shoes. Most of them for overclothes.  According to FashionScope research by GfK Hungary customers used both pole of...

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Investigation into retail prices

A report by EU Parliament's Agriculture Committee calls for a Europe-wide investigation into retail prices, a database of food prices to be set up to allow comparison and a telephone...

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Balance between economic growth and protecting the environment

While the environment remains a significant issue for Americans, there has been a shift from broad-based green thinking to more practical green action and a focus on activities that have...

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Auchan's net sales grow by 7.5%

French retailer's net sales reached EUR39.5 billion and EBITDA increased by 9.2% to EUR2.26 billion.   A good performance was registered in France, posting a 3.1% increase in net sales...

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Sales decreasing under 3%

According to Hungarian Central Statistic Office's calendar adjusted data, the volume of retail sales decreased by 2.8% in January compared to the same period of the previous year.  In January...

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The „JÓFEJ-campaign is continuing

Campaign inviting to a temperate and guilty automobile driving, it is one of the continental activities, which breweries of Europe started in struggle against ruinous effects of irresponsible consumption of...

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Less people buy OTC products in stores

According to Business Superbrands awarded reseracher Szonda Ipsos, 95% of the Hungarian adults lay OTC products in pharmacies. But some of them are also open for other solutions.   90%...

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Hungary’s GDP to contract 4-5% in 2009

Economic think tank Kopint-Tárki projects a 3% drop in euro zone exports this year, including a 3.0-3.5% decline in exports to Germany.   The think tank Kopint-Tárki expects Hungary’s GDP...

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Signing the Food Codex?

According to business daily Világgazdaság the dealers, the adapters and the producers also agree with established variant of the codex. Partners could study the initiative once again after 23 March....

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Scottish doctor urges “fat tax” on chocolate

In Scotland, nearly one in four people are obese, and chocolate is a root cause of increasing obesity. "If the British government is serious, they should tax chocolate in the...

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