Market News

Deloitte: companies save on development

According to Deloitte Zrt.; The companies currently not planning to significantly increase spendings on research and development. The involvement of the corporate sector is crucial to reach the key government...

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Cocoa export to be restarted

More than three months after the outbreak of the bloody political crisis cocoa export to be restarted in Ivory Coast. Ivory Coast is the world's largest cocoa exporter. Forty percent...

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Multipack versions and the probiotic segment push yoghurt sales forward

Two contradicting trends characterise the yoghurt market: plain yoghurt sales decline and fruit yoghurt sales augment. It seems that in Hungary consumers expect this healthy product to be highly enjoyable...

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ÉFOSZ: Information on the food and beverage industry in 2011

In 2010, agricultural producer prices rose by 16.8 percent, while food prices on domestic sales decreased by 1.1 percent, while consumer food prices, also showed an increase of 3.2 percent....

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Sugar company spends billion on expansion

Magyar Cukor Ltd, Hungary's sugar company, announced it will invest nearly 7 billion HUF in an effort to alleviate Hungary's dependence on imported sugar. The company will mount a HUF...

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Industrial production: decrease on monthly, increase on an annual comparision

The volume of industrial production in March rose by 9.2 percent, compared to the same period of the previous year – shows the report of the Central Statistical Office. The...

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Apple is more expensive than banana

The price of apple rivals with the price of banana: the bananas delivered from thousands of kilometres are often cheaper than the most popular domestic fruits. At many markets, a...

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The last Austrian cigarette factory to be closed

Austria Tabak will close its factory in Austria The Japanese owner transfers the production to another country. Negotiations are still underway over the new site selection. With the factory closure...

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Discount stores: more than half of sales revenue realised by private labels

According to Nielsen, in the case of food products the market share of private labels grew from 22 to 23 percent in value in 2010 – this amounts to HUF...

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Opten: more and more winding ups

According to the latest communication of Opten; In April, 1403 a new insolvency proceedings have been started in Hungary, but the trend after a big jump of February declines for...

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SMS busts fake grey cattle

It is more and more often that the meat of simple cattle are sold as grey cattle meat, because threefold earnings can be reached with this illegal step. The trade...

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After eight months of falling FAO's food price index rose in April

AO's food price index rose to 232.1 points from the 231 points of March. The cost of living increased most rapidly in the United States and food prices has grown...

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PSZÁF vs. Ministry in the case of repelling the consumer groups

The financial supervision would prevent the people from the consumer groups by using criminal legal tools. However, according to the Ministry of Administration penalties may be sufficient. As it is...

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Declining retail sales in Europe

In March 2011, retail sales in the eurozone decreased by 1 percent, while in the European Union, the decline was 0.8 percent. On an annual basis, turnover decreased in the...

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Internal rules of domestic food market to be changed

The internal rules of domestic food-delivery market need to be changed – Sándor Font, president of the Parliament's Agricultural Comittte pointed out. The politician believes that the food-industry faces a...

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According to Coface, Hungarian food industry is less risky than the national average

The forthcoming period will be crucial for the companies of the Hungarian food industry. According to Coface; the companies in this sector are relatively in acceptable position. Moreover, recently their...

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Online coupons are becoming more and more popular

It is the heyday of online coupons, which are getting more and more popular among the customers. It is true, that in relation to the total retail turnover, this type...

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Five thousand forints can be the amount of the compulsory chamber membership fee

According to the plans; the annual membership fee of economic chambers will be 5000 HUF. This will likely to reduce the businesses' revulsion against the compulsory membership. Although previously it...

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Only 50 remained from the 350 small-scale breweries

The owners of the small breweries are waiting for government support in ored to increase the offer of the small brewers, beside the wide range of mass produced commercial beers....

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Further decline in German beer consumption

Further decline occurred in in German beer consumption in the first three months of the year. According to the datas of the German statistical office; consumption decreased by 2 percent...

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Shoplifters under surveillance

International statistics say that in one year store theft causes damage that equals 1.2-1.5 percent of sales. 41 percent of store theft is performed by external thieves, 36 percent is...

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The Ministry of Rural Development would reduce Hungary's vulnerability on the food market

Hungary's vulnerability on the food market must be reduced. The key would be self-sufficiency – said Czerván György, secretary of state of the Rural Development Ministry, responsible for agri-management on...

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Premises are also important for online merchants

Despite the increase in online sales the personal purchasing in shops remained an essential part of retail trade – shows the latest report of CB Richard Ellis (CBRE) real estate...

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The regulation of mobile stores may be stricter

Increasing competition occurred between the convenience stores and mobile stores, due to the crisis. A regulation under construction would significantly make their operation more difficult. According to sources; the plans...

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Further decline in the German retail sales

Contrary to expectations, retail sales volume decreased in March in Germany. This was the second monthly decline in a row. Expectations were about a 0.2 percent expansion, while a 2.1...

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Free online presence even for small businesses

More and more small businesses open up for the possibility of strong online presence: since February, more than 5 thousand companies have signed up for the program titled Cégem (My...

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The companies object the compulsory chamber membership

The companies do not agree with the compulsory chamber membership. Among them, the companies that have no membership are strongly opposing to the introduction of the measure, while members of...

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We pay by credit card mostly in hypermarkets

The expansion of electronic payment continues among the Hungarian card holders, More and more people use their bank card for shopping regularly, and the share of foreign payments, and internet...

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Prince William's wedding may bring half a billion pounds revenues for UK retailers

According to the forecasts of the experts; British retail can expect more than half a billion pounds extra revenue from the wedding-related consumption. British Prince William – the eldest son...

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The world’s biggest companies joined forces (part 2)

The Consumer Goods Forum (CGF) unites 400 leading retailers, manufacturers and service providers and in the previous issue of Trade magazine we started discussing their 70-page report, Future Value Chain...

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