Market News
We are first in terms of insolvency in EU
Date: 2009-05-05 08:00:00
According to Zoltán Dercze, director of Coface Hungary, we have the highest percentage of insolvent companies inside the EU. One out of 24 companies existing in January, will not survive...
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Mineral water brands looking for ideal price/profit ratio
Date: 2009-05-05 08:00:00
In spite of the recent drop in sales, the mineral water category still has potential for growth. However, closer co-operation with the retail sector is required to utilise this potential.....
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Industrial statistics continue to worsen
Date: 2009-05-05 08:00:00
Industrial production was down by 25.4 percent in February 2009, compared to the same month in 2008 and by 4.1 percent compared to January 2009. As a result of a...
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Decline in market of mineral water
Date: 2009-05-05 08:00:00
According to the GfK Hungária ConsumerScan, the market of mineral water showed decline both in terms of quantity and value last year. Sales were down by 5.1 percent in terms...
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Milk price hitting bottom
Date: 2009-05-05 08:00:00
Supply prices of agricultural products were down by 27.4 percent in February 2009, compared to the same month in 2008. The price of plant products was down by 37.2 percent,...
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Buying local products voluntarily
Date: 2009-05-05 08:00:00
Following many months of negotiations, a code of ethics has been signed by the representatives of retailers, farmers and processing enterprises which will become effective on 1. July. According to...
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Faster than average growth in sales of insecticides
Date: 2009-05-05 08:00:00
The market of insecticides expanded by 11 percent in terms of value in the March 2008-February 2009 period, compared to the preceding 12 months, with retail sales exceeding HUF 3.5...
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Volume of foreign trade down
Date: 2009-05-05 08:00:00
Export was down by 28 percent in January, compared to January 2008, while import was down by 27 percent. The balance of foreign trade showed a deficit of HUF 47...
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Private labels on the offensive
Date: 2009-05-05 08:00:00
Private labels have been continuously increasing their share in retail sales for years. The assortment of private labels is widening and deepening at the same time. The perception of private...
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Demand shifting towards insect repellents with lower environmental impact
Date: 2009-05-05 08:00:00
As long as insects will continue to exist, insect repellents will have a stable market. However, demand is shifting towards products which have a smaller impact on our environment. As...
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Portugal in the forefront of growth
Date: 2009-05-05 08:00:00
Food retail has been developing at a remarkable rate in Portugal, which was second only to Poland in terms of quantitative growth last year. Sales of FMCG products grew by...
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Surprising results of the latest food safety research (X)
Date: 2009-05-05 01:01:11
The research result of GKI draws attention to the importance of food safety developments. GKI Economic Research Ltd’s research shows that 24% of the domestic population generally does not believe...
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Hungarian pig farmers can find new markets
Date: 2009-05-05 00:55:19
The Chinese and Russian drop in demand for the U.S. pork can open new markets for the major European exporters – quoted Napi Gazdaság the President of the Association of...
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Quality pálinka as Hungaricum
Date: 2009-05-05 00:51:29
Pálinka National Council was created to organize and supervise the quality control of the Pálinka, and develop the national pálinka-strategy. In the 13 member plenum exponents of the Minister of...
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The number of flu-infected exceeded one thousand
Date: 2009-05-05 00:32:13
European health authorities have stated, that more than 1000 people have already infected with the new type of flu around the world. Twenty-six person died in the epidemic so far,...
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Due to the crisis and the epidemic travel market has difficulties
Date: 2009-05-05 00:24:06
Travel market has been thoroughly shaken by the economic crisis and the swine flu. However earlier, market started to transform as organized online travel agencies started to emerge. The process...
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Brazil, is the hit market of department store investments
Date: 2009-05-05 00:00:02
According to the information of the Brazilian Store Association, last year an appropriate amount of 390 billion HUF was invested in the development of the industry. Despite the crisis, this...
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Hungarian meat processing companies are in trouble
Date: 2009-05-04 09:00:00
Gyulai Húskombinát faces insolvency, Herz is struggling with a serious lack of resource and debt. Without floating assets credit Gyulai Húskombinát faces bankrupcy – informed Népszabadság, Ruck János the Chief...
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Customer confidence needs to be strenghtened (X)
Date: 2009-05-04 07:10:01
Originality-and quality check of food products is necessary. Since the 2006 scandal, illegal trading with vehicle components has become more common instead of abuses with highly protected vehicle documents. The...
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Pork trade won’t be limited
Date: 2009-05-04 06:00:01
Several international organizations stated, that there is no need for further precautionary measures in the pork trade. The joint communication of World Health Organization (WHO), Food and Agriculture Organization (FAO)...
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Reduction in beer consumption in Great Britain
Date: 2009-05-04 02:00:00
As a result of the economic crisis, beer consumption in Great Britain has decreased by 8% Reuters, the Népszabdság Online. This is the biggest decline in beer consumption in since...
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Pork trade won’t be limited
Date: 2009-05-03 21:56:52
There is no need for further precautionary measures in the pork trade – several international organizations stated. The joint communication of World Health Organization (WHO), Food and Agriculture Organization (FAO)...
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Eating habits in 2009
Date: 2009-04-30 01:12:34
GfK Hungária’s study of eating habits reflects the current situation of economic crisis, and the effects of changing consumer trends. In 2009 irregular eating was typical trend as well....
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Report of the Internet economy
Date: 2009-04-30 00:43:22
More than half of the population considered to be digitally scribe – shows the GKIeNET – T-Home’s representative research. It’s very important for the economic and social competitiveness ,...
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Word of Mouth, as a marketing technique
Date: 2009-04-30 00:39:42
Many small and medium businesses use Word of Mouth (WOM) and Word of Mouth Marketing (WOMM) to call the customer’s attention – write the Business and Success. Word of...
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No virus in pork
Date: 2009-04-30 00:36:05
Pork and other food products are not infectious. The flu virus is spreading by coughs and sneezes from one man to another – states the communication of the Hungarian Chamber...
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VAT reduction – cheaper bread and milk?
Date: 2009-04-30 00:32:14
According to experts, the reduction of general sales tax on basic foodstuffs (VAT) does not take a significant price decrease. The milk and bread’s turnover makes up the 10...
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GKI economic index fall stopped in April
Date: 2009-04-29 01:21:46
After 9-month decline the economic climate index of GKI remained unchanged, the GKI Economic Research Co. pointed out that According to the survey, the consumer expectations continued to deteriorate,...
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Bankruptcy record expected
Date: 2009-04-29 01:13:27
Compared to the same period of 2008 the number of insolvent companies increased by 25 percent according to Coface Hungary’s most recent analysis of this year's first quarter. Every...
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