Market News
Delta M Group comes out from Ukraine
Date: 2009-01-21 00:00:00
The Serbian retailer last year developed a supermarket network called Smak in a joint venture with Ritzio Entertainment Group in Ukraine, has closed down its network. RetailStudio reported the retailer...
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Penalty due to misleading ads and broken promissies
Date: 2009-01-21 00:00:00
Hungarian Compatition Authority imposed a fine on three big retailers in total value of HUF 14 million. Tesco have to pay HUF 10 million fine because misleading ads in its...
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EU plans global food stock chain
Date: 2009-01-20 00:00:00
European Parliament call on the EU to take the lead in establishing a global food inventory regime and a global system of food stocks in order to provide adequate advance...
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EU restarts export subsidies for dairy
Date: 2009-01-20 00:00:00
This week the European Union restarts export subsidies for butter, cheese and milk powder to help dairy producers hurt by falling prices. The European Commission said it would also buy...
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Not the penalty is the cardinal goal
Date: 2009-01-20 00:00:00
According to business daily Világgazdaság, the authority leaves time for the hospitality industry to get used to the new rules of inventory. There is a panic between the caterers because...
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Trade mark for Hungarian pork
Date: 2009-01-19 00:00:00
The logo could be legal trade mark in 2009, but the introduction needs at least two years and large marketing budget. According to business daily Napi Gazdaság, first of all...
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Accelerating competition between retailers lead by discounters
Date: 2009-01-19 00:00:00
Aldi and Pennydropped their prices by up to 19% on a range of products, including vegetable oil, bread, cheese and yogurt. German food giant Edeka has announced that it plans...
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No agreement about the food codex
Date: 2009-01-19 00:00:00
The commitee, co-ordinated by Ministry of Agriculture reassemble on 26th January. Members of the commitee are specialist of the ministry, representatives of the farmers, producers and retailers. Some of the...
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Multinational retailers won the biggest at last years Christmas attack
Date: 2009-01-19 00:00:00
According to marketingcommando.hu, the best Christmas season had those entrepreneurs which have a big number of customers from business sector and in their offer the are more service as products....
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The most Hungarians don't borrow
Date: 2009-01-19 00:00:00
According to Szonda Ipsos research, made between October – December 2008, Hungarian inhabitans wait for an extending, 18 months long financial and economic crisis. 72% of the Hungarians said they...
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New owner will built plaza near to the Hungarian Airport
Date: 2009-01-16 00:00:00
The former developer of the old russian solder garrison near to Budapest Airport, Airport City Plaza Kft. is since December 2008 under liquidation process. According to business Daily Napi Gazdaság...
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Shifters spend more – but at the competitor
Date: 2009-01-16 00:00:00
A new, valuable category of consumers called the “Shifters” — shoppers who move their purchases to new retailers — which will open up new windows of opportunity for retailers. A...
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Last year's inflation in Hungary 6.1%
Date: 2009-01-16 00:00:00
In December 2008 consumer prices decreased by 0.3% compared to the previous month and rose by 3.5% compared to December 2007 – published the Hungarian Central Statistical Office. In December...
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The production of food decreased considerably in November
Date: 2009-01-16 00:00:00
According to national statistic office in November 2008, industrial gross output decreased by 12% compared to November 2007, the index adjusted for working days declined by 9.9%. The volume of...
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Hungarians drink beer
Date: 2009-01-16 00:00:00
44% of our citizens never drink alcohol – according to a survey by GfK made in 2008 autumn. To study the issue, the Wall Street Journal asked market-research firm GfK...
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Capsule coffee spreads
Date: 2009-01-16 00:00:00
The mashines in value HUF 40-100,000 are mostly bought by firms instead the big and expensive drink automates. According to a prognosis published in Frankfurter Allgemeine Zeitung, in the next...
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Germans are optimistic
Date: 2009-01-16 00:00:00
Most Germans say they are optimistic for 2009 as it will affect them personally while being downbeat for the country’s prospects as a whole, a Forsa poll showed. Due to...
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Places of retail decreased by 5,000
Date: 2009-01-16 00:00:00
According to Hungarian Central Statistical Office on 30. June 2008 the number of retail places were only 160,000, it is 3% less as a year before. But the total retail...
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2008 – year of collapsing
Date: 2009-01-15 00:00:00
Last year the number of non paying firms grow by 14%, in 2008 four percent of all entrepreneurs couldn't acquit – said Coface Hungary in its newest research. The most...
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Extreme price decrease by cereals
Date: 2009-01-15 00:00:00
In November 2008 the producer price level of agricultural products was 22.3% lower than in the corresponding period of the previous year. More specifically, the price level of crops and...
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Record fall in US retail sales
Date: 2009-01-15 00:00:00
Trade over the Christmas and sales season fell 2.7 per cent, far above the 1.2 per cent expected by analysts and, excluding car purchases, dived 3.1 per cent, the worst...
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Wineries from Eger protest against sales on dumping price
Date: 2009-01-14 00:00:00
According to the Association of Wineries of Eger, the Hungarian retailers often sale Egri Bikavér (most well known red wein from Eger) under cost price. The directory of association decided...
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People love ads weaking up disere for possession
Date: 2009-01-13 00:00:00
The most FMCG ads on billboard have average perception, but because of the characteristic image and the popular products this ads have high rates in identification and activation. Szonda Ipsos...
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HUF 1 billion penalty at Sparkler II. control
Date: 2009-01-13 00:00:00
In frame of the adjusted monitoring authorities reserved products in value HUF 600 million. Supervision started on 20. November 2008, till 4. January 2009. inspectors punished in 5400 cases in...
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The end of the recession is unpredictable
Date: 2009-01-12 00:00:00
In 2009 the decline of GDP in the entire European Union will probably close to 2%, within this the downturn in Germany and consequently in Hungary will be somewhat deeper....
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“The Germans’ desire for beer is continuing to fall
Date: 2009-01-12 00:00:00
Beside the financial crisis a combination of an ageing population, changing drinking habits among younger people and the smoking ban which hit pubs and bars, had led to the drop...
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Consumers change product and shops to save money
Date: 2009-01-12 00:00:00
According to Nielsen research last year the price of cooking oil grow by 28%, the increasing was 6% at sour cream and coffee, customers have to pay 2% more for...
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GKI's Consumer-business confidence in new historical low
Date: 2009-01-09 00:00:00
Industrial companies' assessment of production and order stock worsened. But the evaluation of stocks of their own products improved. Plans for price changes were the same as in November, but...
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Praline and chocolate sales grow in 2008
Date: 2009-01-09 00:00:00
According to Nielsen last year 7% more food were sold in the retail as a year before. The total value of 90 categories, researched by Nielsen, was HUF 1300 billion,...
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OKSZ calls the retailers for energy efficient operating
Date: 2009-01-08 00:00:00
The organisation suggests voluntary steps for saving energy to keep out the closing or limitation of retail spaces. Hungarian Retail Associciation launch a public appeal for gas saving operating of...
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