Market News
Association of Hungarian Farmers accuse forestallers of cartell
Date: 2008-07-04 00:00:00
Farmers protest against the low price of sourcherry in front of Hungarian Parliament. The farmers said the forestallers pay only HUF 50-60/kilo for sourcherry, what is only half of the...
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Private label organic foods lead in German market
Date: 2008-07-04 00:00:00
New Nielsen data shows that German consumers have doubled the number of organic food items they have purchased in the past two years. Retailer brands have gained a larger...
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Lefelé módosította várható profitját a Marks & Spencer
Date: 2008-07-03 00:00:00
The retailer posted profits of £1bn last year and analysts were expecting profits of around £870m this year. Overall M&S's UK sales were down 5.3% in the 13 weeks to...
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Dutch smoking ban
Date: 2008-07-03 00:00:00
A tobacco smoking ban came into force Tuesday in cafes, bars and restaurants throughout the Netherlands. While patrons are no longer allowed to light up cigarettes, they can still...
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Hungarian Companies are more Pessimistic
Date: 2008-07-03 00:00:00
The measure of confidence at Hungarian companies slipped to 85.4 percent in the second quarter of 2008 from 91 percent in the first quarter. Ecostat's TOP-100 index for sentiment at...
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Virtual shopping can't take all
Date: 2008-07-02 00:00:00
The Store of the Future 2012-15 report, commissioned by Visa Europe analyses the key customer, payments, technology and social responsibility issues affecting the likely development of retail stores in Europe....
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Germans to shop more in May
Date: 2008-07-02 00:00:00
German retail sales rose by more than expected in May, offering a glimmer of hope that a labour market recovery may be yielding fruit, although the outlook remains clouded by...
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Consumer Spending Higher-Than-Expected In May
Date: 2008-07-01 00:00:00
US consumer spending rose a better-than-expected 0.8% year-on-year in May, as tax rebates helped fuel the biggest rise since November 2007. Figures from the Commerce Department said the rebates helped...
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Austrian Food Specialities debuts in New York
Date: 2008-07-01 00:00:00
The Austrian food producers showcase their products on Fancy Food Show 2008 and later get meetings in Manhattan supermarkets. More than 2,300 domestic exhibitors from around the country and the...
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Hungarians consumpt less biscuit
Date: 2008-06-30 00:00:00
Last year 27 tons of biscuit were sold in Hungary, it is deep by the European Average. Only Greeks, Czechs and Slovakians eat less biscuits as we. Hungarians eat...
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Payable household goods in Hungary
Date: 2008-06-30 00:00:00
According to Eurostat and OECD common research the electric equipments and household goods are several % less in Hungary than the European average. Within the framework of the European...
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Tesco, Asda Cut More Prices
Date: 2008-06-30 00:00:00
Tesco PLC and Asda Group Ltd., the U.K.'s two biggest supermarket chains announced another round of major price cuts amid intense competition. Tesco will cut prices on 3,000 products...
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Hungarian Beer Market grow in value by 6% and in volume by 1%
Date: 2008-06-30 00:00:00
Between June 2007 and Mai 2008 4 million hectoliter beer were sold in Hungary, it was a summe in value HUF 110 billion. According to Nielsen Research retail index 1...
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Expectations improved significantly
Date: 2008-06-30 00:00:00
In June the seasonally adjusted Business Confidence Index of GKI remained essentially unchanged, but the expectations of consumers improved significantly and reached highs that haven’t been seen for two years....
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Most popular biscuits: sweet and smooth
Date: 2008-06-27 08:00:00
Sweet biscuits have become increasingly popular in recent years. Retail sales increased by 11 per cent in terms of value in the April 2007-March 2008 period, compared to the previous...
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Fewer visitors in transit
Date: 2008-06-27 08:00:00
The number of visitors staying for only one day was 3 per cent down in the first quarter of 2008, compared to the same period in 2007. The number of...
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Biscuits doing well in spite of their price
Date: 2008-06-27 08:00:00
Demand for biscuits has not dropped in spite of rising average price. Latest products fit well into healthy diets and biscuits have become a strategic product for discount stores. According...
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More money spent in Hungary by foreigners
Date: 2008-06-27 08:00:00
The number of foreign visitors in Hungary was 7.6 million in the first quarter of 2008, which represents an increase of one per cent. Foreigners spent a total of 16...
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Absurdistan
Date: 2008-06-27 08:00:00
The condition of the economy and the urgent need for a tax reform has been on the public agenda for years. The atmosphere at the second Business Dinner was quite...
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Spectacular growth
Date: 2008-06-27 08:00:00
Increasing sales of decor cosmetics reflect growing demand for wellness. Retail sales expanded by 14 per cent in terms of value last year, bringing total annual sales to HUF 60...
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Fewer hotel guests outside Budapest
Date: 2008-06-27 08:00:00
The occupancy rate for 3.4 and 5 star hotels was 50 per cent in the first four months of the year. Gross room revenues were up by 6 per cent,...
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Food as an investment
Date: 2008-06-27 08:00:00
Even expensive fuel is cheaper than cooking oil today. This is another argument for people who believe that food has become a strategic commodity. Strategic commodities deserve special attention as...
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More colour in domestic market of decor cosmetics
Date: 2008-06-27 08:00:00
Hungarian women tend to use less make up than women in neighbouring countries. Mainly foundation cream and mascara are used, while coloured products like lipstick are not very popular. According...
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Cooking oil producing highest price rise
Date: 2008-06-27 08:00:00
The average rise in consumer prices was 0.3 per cent in April. Prices were 6.6 per cent higher than in April 2007. Food prices were up by 1.4 per cent...
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Dramatic deterioration in payment morale
Date: 2008-06-27 08:00:00
According to data from Coface, a dramatic deterioration took place in payment morale in the first four months of 2008. The number of non-payments increased by 45 per cent compared...
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Hygienic, multiple layer packaging from plastics
Date: 2008-06-27 08:00:00
Plastics are the most commonly used packaging material for food, accounting for 50 per cent of all packaging materials in Hungary, in terms of volume. Plastics are used in three...
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Food industry in recession
Date: 2008-06-27 08:00:00
Industrial production was up by 4.3 per cent in March 2008, compared to the same month in 2007. Industrial production was 6.9 per cent higher in the first quarter of...
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Atradius credit insurance company of the year
Date: 2008-06-27 08:00:00
Atradius Credit Insurance has been awarded the title “Credit insurance company of the year 2008” by World Finance Magazine. Atradius provides reliable and effective services in over 40 countries....
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Foreign trade of agricultural products with question marks
Date: 2008-06-27 08:00:00
According to KSH data, our agricultural export expanded almost twice as dynamically as overall export in 2007, achieving record breaking revenues of more than EUR 4.8 billion. Imports totalling EUR...
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Decrease in the EU as well
Date: 2008-06-27 08:00:00
Retail sales were down by 0.4 per cent in the EUR zone and by 0.7 per cent in the EU-27 zone in March, compared to February. According to Eurostat data,...
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