Market News

Collective bargaining ended

Employers and unions agreed at a Friday meeting of the OET to a general wage increase of 3-5% in 2009 and to establish Hungary’s monthly minimum wage at HUF 71,500...

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This year in the first 11 months price increased by 6.3%

According to the Hungarian Statistic Office in November 2008 consumer prices decreased by 0.2% compared to the previous month and rose by 4.2% compared to November 2007.  In November 2008...

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Dutch Supermarket Sales Growth forecast only 3% in 2009

The supermarket sector reported sales of 28.7 billion euros in 2007, a 4.7 percent rise. The sales in the week leading up to Christmas to go up by 7 percent...

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Origin and brand is important for shopping Hungarians

According to the GfK Shopper Insight 2008 reseach half of the shopping Hungarians always or often compare the products with different brands.  Almost half of the shoppers hold on to...

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The authority controls thousands of food entrepreneurs and 80,000 products. The office made survey o

According to a press conference of the Hungarian Agricultural Administrative Office, the authority made 6,000 penalty captions from January-October 2008.  The authority controls thousands of food entrepreneurs and 80,000 products....

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57 tons dioxin- incriminating liverish in Hungary

Kaiser-Food Kft. imported in November 42 tons liver from Ireland, from this 29 tons are frosted, but from the rest liver paste were made and sold in the retail.  After...

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Dioxin poisened pork in Romania

3 tons of toxic pork from Ireland arrived into a depot in Bucharest, it was transported to 5 South-Romanian companies – said the Romanian Food Safety authority.  It's sure that...

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EU to scrutinise competition in food retail sector

European Union regulators pledged on Wednesday to crack down on uncompetitive practices in the food retail sector.  Warning of a risk that food retail consolidation might be against consumer and...

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Supermarkets are Very Popular In Baltic region

A new survey by Extended Performance Satisfaction Initiative (EPSI) reveals that supermarket chains in the Baltic countries receive strong approval ratings.  The EPSI study found that Estonian consumers are slightly...

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Hungarians are distrastful against banks

Just 19% of Hungarians said they had financial savings in November, a thirteen-year low, a survey by market researcher GfK Hungária shows.  The percentage of Hungarians with financial savings dropped...

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We buy travel and book on-line

According to the newest research the number of Hungarian on-line shoppers is over 1 million. E-Commerce Trend Report 2008, made by NRC Market Researcher, shows that 1.8 million Hungarians tested...

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Germany's Retailers are optimistic

According to Reuters informations, last week Germans spent 1% more, 4.7 billion euros for Christmas presents. High-quality toys as well as books, CDs and DVDs were among the most bought...

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Government contra retail chains

The farmers and processors think, that the retailer make strength conditions and leave not possibilities and profit for the other member of the food production lane. The Agricultural comitee of...

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The toxic pork can pop up in 20 countries

Irish Republic Recalls All Pork Over Fears Of Contamination All pork products made in the Irish Republic since September have been recalled over fears they are contaminated with dioxin.  According...

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Nearing stands at minimum wage negotiation

At the Friday meeting of the National Interest Coordination Council employers have raised their proposed monthly minimum wage to HUF 70,000 from HUF 69,000, the minimum wage for skilled workers...

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Inevitably fast improvement of internal and external balance

The deficit of the general government in 2008 is expected to be around 3.3% of GDP, which is still high, but taking into account the balance of the pension funds...

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New developing possibilities in caffeteria system

Accoring to the government freshest tax law plan, the top limit of the taxfree fringe benefit will disappear.  According to Hay Group survey in the summer 66% of the Hungarian...

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Promotion competition

Our publisher, the Trade Magazin together with Nielsen Research, POPAI Hungary and Trade Marketing Club invites the retailers and producers for the „Promotion of the year 2008” competition.  Tenders must...

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New Hungarian Webshop on the net

C-enter.hu sells 25,000 products of almost 80 companies.  C-enter sell since 1999 IT products, its website were visited by most than 10,000 unique users – said Zoltan Csaki, CEO for...

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Hungarian prefer domestic products

More than half of the consumer would pay more for Hungarian products – according to a survey, reported by Edit Herczog EP politician, consumer protection specialist.  According to the research...

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Raid on the Jozsefvarosi market

In frame of the Sparkle consumer protection action policemen, tax revisors, food safety and workprotection specialists, excisemen arrived at the market.  90 inspector made almost 100 control, in every second...

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Hungarians buy electronic equipments for Christmas

According to LG non-exclusive research customers know what they want to buy, wich brand and dont save money and time to find the best present.  LG Electronics Hungary made a...

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More expensive foods – less consumption in Europe

According to a research by Nielsen in 21 European countries, in 11 countries people buy less food as before. In the 3. quater such countries came on the list as...

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Angry retailers

According to the Hungarian Trade Association, the Agricultural Ministry wants to make retailers pay dear because of the lack of competitive strength of domestic agriculture production. Last week the ministry...

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Price of industry jumped

According to Hungarian Central Statistic Office the domestic sales prices of industry rose by 1.2% in October 2008 compared to the previous month and were 13.2% higher than in October...

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Investments in manufacturing were down

In the third quarter of 2008 the volume of investments in the national economy– on the basis of preliminary data – decreased by 2.3% compared to the same period of...

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Latin America Grows in Popularity as Trade Partner

According to a 2008 survey by the Economist Intelligence Unit, undertaken on behalf of Atradius, the leading global credit insurer, the countries of Latin America continue to be attractive markets...

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