Market News
The Hungarian winners
Date: 2011-04-19 15:44:25
The first and only Hungarian winner at POPAI Global Awards was Béflex, with their NESCAFÉ Dolce Gusto coffeemaker display. From Nestlé’s side business manager János Fehér and category manager Gabriella...
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Smart store equipment
Date: 2011-04-19 15:25:07
According to Gábor Szécsi, managing director of Commatec Kft. retailers have increasingly higher expectations even from simple cash registers. For instance they like if features of promotions can easily be...
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Canned meat and liver paté switch to more practical packaging
Date: 2011-04-19 15:16:23
In 2010 the canned meat market contracted by nearly 20 percent, while long shelf-life liver spreads and patés saw their sales decrease by 10 percent – Erika Vörös, marketing manager...
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Value-crushing competition continues on the beer market
Date: 2011-04-19 15:01:23
In 2010 more than three quarters of Hungarian households bought beer. Almost all of them purchased some kind of branded product, but at the same time nearly half of the...
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Eastern-European overview
Date: 2011-04-19 14:57:08
PwC CEE’S Retail & Consumer (R&C) Industry Sector was asked to compare the retail sectors of a few countries in the region. None of the 4 countries introduced plans to...
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Who pays for the VAT decrease?
Date: 2011-04-19 14:23:37
The Hungarian government is planning to decrease the VAT of certain food products. It is just a preliminary idea because the decision depends on impact studies – but we all...
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Media review
Date: 2011-04-19 14:16:48
I often come across the question of measuring the efficiency of print media, especially when it is b2b like us. How much profit does a banner that is placed on...
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Food industrial associations call for the immediate reduction of VAT
Date: 2011-04-19 14:05:34
According to domestic food industrial associations; the VAT reduction of the basic foods on the Hungarian market is inevitable. These are poultry, egg, pork, milk and bakery products. The effective...
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“Daphne” will be available in Hungary from mid-April
Date: 2011-04-19 13:59:46
GfK Daphne helps advertisers to get more ROI from their marketing communication budget. From mid-April 2011, the system will be available for customers of GFK Hungária, too. To achieve best...
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Two hundred and fifty tons of salt camouflaged as sugar found near Komló
Date: 2011-04-19 12:15:35
Financial investigators found more than 250 tons of salt camouflaged as sugar. In Kaposvár they discovered 80 tonnes of fake sugar. A company near Komló wanted to sell almost 300...
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Most of the CEOs believe, the crisis ends in a year
Date: 2011-04-18 13:55:07
Majority of the world's CEOs believe, that the crisis ends in a year, one in five states that the post-crisis era has already begun – shows the survey of Ernst...
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The quarter of the domestic pig stock carries the PRRS virus that is not dangerous to humans
Date: 2011-04-18 13:03:59
The so-called PRRS disease is not dangerous to humans, but sometimes it can cause big trouble to the pigs. The authorities have organized a national eradication program, and if it...
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Fidesz-fraction does not support Sunday closure
Date: 2011-04-18 12:40:38
According to the informations of Magyar Hírlap; the Fidesz-fraction does not support the law amendment of KDNP over the free Sundays, after a study prepared by the Ministry of National...
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Russian auditors opening facilities for the entire Hungarian food market
Date: 2011-04-15 17:08:42
Russian auditors – controlling experts – arrive to Hungary on 25th April, in order to examine the Hungarian companies willing to export their products. Their major goal is to decide...
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Nielsen: last year, the chocolate rabbit overtook eggs in value
Date: 2011-04-15 13:11:22
The retail sales of Easter seasonal confectionery has been slowly declining. Their store sales in the 2010 holiday season, compared to the previous year, decresed by one percent to about...
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300 food stores closed in one years
Date: 2011-04-15 12:42:29
Currently there is 300 less food stores in Hungary, than a year ago. The number of hypermarkets and discount stores increased in the largest extent, and there are also cities,...
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Retail becomes more and more international
Date: 2011-04-15 12:41:04
Despite the challenges, the international players of retail trade continued to expand on the global market – shows the annual report of CB Richard Ellis (CBRE). The survey of CBRE,...
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The EU consumers trust in locally produced food
Date: 2011-04-15 12:35:20
This opinion was confirmed at the meeting of the agriculture ministers of the European Union member countries in Luxembourg on Thursday. The consumers are much more confident with the local...
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Coordinated control before Easter
Date: 2011-04-15 12:09:35
The police, the tax office, the food safety and consumer protection authority possess the stores. They are looking for violators before Easter. The action focuses mainly on Budapest and Pest...
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U.S: consumer confidence increased again
Date: 2011-04-15 12:00:22
On the basis of the survey of Thomson Reuters / University of Michigan; consumer confidence in the U.S. began to rise in April after the 16-month nadir of late March....
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MFB: weak private consumption holds back economic growth
Date: 2011-04-14 15:35:08
Private consumption is expected to hold back the economic growth in the first part of the year in Hungary, after the consumer confidence index, decreased from February to March in...
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The Ministry of Rural Development would introduce a product fee on meat products
Date: 2011-04-14 14:41:09
The Ministry of Rural Development intends to introduce a product fee on animal products, intending to replace the meat inspection and other official fees. The Ministry of Rural Development (VM)...
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Brand value can mean a considerable portion of the purchase price of the company
Date: 2011-04-14 13:20:48
Predictable taxes, measurable efficiency, up to an additional multiple access in case of acquisition, or significantly improved financial and investment opportunities. These are some important advantages, which in any case...
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Media Council develops a recommendation for product placements
Date: 2011-04-14 13:15:38
The new media law legalized product placement as a commercial communication. Since the beginning of the year, advertised products can legally appear in the programmes. The Media Council decided to...
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Careful consumption dampens retail price increase
Date: 2011-04-13 16:13:47
The price increase of agricultural raw materials increased retail prices. According to the datas of the Central Statistical Office (KSH); the average consumer price of foods incresed by 8.6 percent,...
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The Meat Association expects a 15-20 percent price increase
Date: 2011-04-13 13:02:17
Meat prices may reach their peak by the end of the year. Specialists expect 15-20 percent price increase. According to the president of the Meat Association; a kilogram of live...
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We can not avoid the increase in egg prices
Date: 2011-04-13 12:43:00
Prices may increase dramatically not only because of the upcoming Easter. Due to a European Union regulation domestic producers still need to make investment of 40 billion this year.As the...
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More and more card readers
Date: 2011-04-13 12:38:40
Despite the adverse economic environment, the number of POS terminals significantly increased in commercial units in Hungary. According to the datas of the central bank, at the end of the...
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Euro zone’s industry incresed by 7.3 percent on an annual basis
Date: 2011-04-13 12:15:50
Euro zone’s industrial production increased less than expected in February, while in Germany continued to grow, and in other member countries turned into increase, but in Greece and Ireland declined...
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The agricultural strategy for the next ten years has been completed
Date: 2011-04-13 12:04:37
The debate linked to the ten-year plan of rural development has begun – the Ministry of Rural Development announced. The aim of the strategy, among other things, is to keep...
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