Market News
Brussels would modify the rules
Date: 2008-07-29 00:00:00
EU Agriculture Commissioner Mariann Fischer Boel wants to scrap 26 of 36 marketing standards, the 10 remaining items account for 75 percent of the EU's cross-border trade in this area....
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Tenders for developing e-commerce
Date: 2008-07-29 00:00:00
The authorithy extended the administration termin of GOP-2008-2.2.3 tender until year's end. The tender for implementig modern ERP-systems has been announced within the framework of the New Hungary Development Plan....
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Wheat growers to wait, better to store
Date: 2008-07-29 00:00:00
This year we have heavy crops, it will be more than 5.5 tons, what is wide over the average.Growers would get HUF 40-50,000/tons, but there is a big offer from...
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ALDI plans further expansion in Australia
Date: 2008-07-29 00:00:00
Aldi has earmarked a sum of AUD1 billion for its expansion in Australia during the next three years. Currently, Aldi runs 172 stores in New South Wales, Victoria, Queensland and...
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The decrease of retail trade turnover continued
Date: 2008-07-28 00:00:00
On production side, the main factor of economic growth was industry both last year and in the past period of this year. However, the performance of the branch –...
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European Omega-3 Market to Grow 23.6% Per Year
Date: 2008-07-28 00:00:00
The market was valued by researcher of Frost & Sullivan at USD 296 million in 2007 and is expected to hit the USD 1.3 billion mark in 2014. Raw...
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Record growth for UK's discount retailers
Date: 2008-07-25 00:00:00
According to TNS Worldpanel, discount retailers now account for 5.9pc of all grocery spending in Britain. Aldi grew its market share by 19.5pc to 2.9pc over the period, while Lidl's...
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Safety of cloned animal products uncertain
Date: 2008-07-25 00:00:00
The European Union's top food safety agency (EFSA) said cloned animal products may not be safe and further study was needed. In March 2007, the European Commission — the EU's...
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Retail decreased in Mai
Date: 2008-07-25 00:00:00
According to calendar adjusted data, the volume of retail sales decreased by 1.6% in May, and by 2.4% in the first five months of 2008 compared to prior-year levels. ...
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Britons bought more in Mai
Date: 2008-07-25 00:00:00
The highest increases were observed in the United Kingdom and Lithuania, and the largest decreases were in Spain, Latvia and Estonia. According to a Eurostat first estimate, in May...
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Snack firms pledge obesity fight
Date: 2008-07-25 00:00:00
More than £200m has been pledged by several food and drinks companies, including Coca-Cola, Kellogg's, Mars and Nestle, in a bid to tackle obesity. The funding comes amid a plea...
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A Petrol Price War on Supermarket Forecourts
Date: 2008-07-24 00:00:00
Morrisons began by slashing both unleaded and diesel by 4p a litre, Asda responded by cutting up to 3p a litre off both fuels at all its forecourts. The...
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Dairy Farmers Plan Demonstrations in August
Date: 2008-07-24 00:00:00
The farmers are discontent with the nowaday's supply price of milk. From year's beginning it droped almost 20%, forexample because of cheap milk prices of the supermarket chains. Dairy...
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Record food safety warnings from EU
Date: 2008-07-24 00:00:00
According to the annual RASFF report released by the European Commission, a total of 7,354 warnings of risks to human health from food and animal feed were sent to the...
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Retail Sales Up 15% in Russia
Date: 2008-07-23 00:00:00
According to Rosstat, the Federal State Statistics Service in H1 Retail sales in Russia were up 15.2% year-on-year to around $269bn. Sales in June itself were up 13.8% to over...
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Arabica Coffee Prices to Rise
Date: 2008-07-23 00:00:00
Arabica coffee futures are expected to rise by the end of the year, boosted by a weak U.S. dollar and the prospect of a cyclically smaller Brazilian crop in 2009/10,...
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First of all Parents and Ads Influence Kids' Culinary Habit
Date: 2008-07-23 00:00:00
According to GfK's HealthCare research the questioned health visitors said the culinary practice of 6-14 years old children depends on the family and the advertisments. The research company asked 100...
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Toll for rice in Vietnam increase price not only outside of the country
Date: 2008-07-23 00:00:00
After a government decision exporters have to pay USD 30-176 customs per tons. Vietnam has exported 2.54 million tonnes of rice since the start of this year, up two per...
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GDA Labels Gaining Ground Throughout Europe
Date: 2008-07-22 00:00:00
European food and drink producers, large and small, are actively implementing a voluntary nutrition labelling system based on Guideline Daily Amounts (GDAs), new, independent research reveals. The representative survey of...
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Eiscream sales grow in Hungary
Date: 2008-07-22 00:00:00
According to Nielsen Research Retail Index the market of cold sweeties increased in volume and value. The whole market is HUF 17.5 billion. Between June 2007 – Mai 2008 25...
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Feak Shoes in Value of HUF 345 Million
Date: 2008-07-22 00:00:00
11,000 pair of feak NIKE and Canvas shoes were found on a freight train entering to Hungary yesterday by Kelebia. The Customs Office arrested the goods. The train arrived...
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Hypermarkets Spirits Small Shops Away
Date: 2008-07-21 00:00:00
The number of small Hungarian settlements without any retail stores doubled in the four years prior to 2007. According to specialist there is a strong concentration on the food...
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GKI competitiveness index rises slightly
Date: 2008-07-21 00:00:00
Economic think-tank GKI's Business Climate Index (UX), a gauge of sentiment at 1,500 businesses in Hungary, declined 15.6 points to 33.8 in the first quarter of 2008. The business-climate index...
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The on-line sales of FMCG products is in its infancy in Hungary
Date: 2008-07-21 00:00:00
According to E-Shopping Report 2008 the Hungarian net shoppers buy first of all technical equipments (38%), DVD (36%), movie, theater and airtickets (12%). Only 15% of daily net users bought...
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Agreement between Auchan and the Growers
Date: 2008-07-18 00:00:00
Leaders of the hypermarketchain promissed not to buy watermelon under HUF 30. Suppliers must to show the documents of origin and the spraying register. From today the outdoor ads...
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Consumers don't Understand Contactless Credit Card Technology
Date: 2008-07-18 00:00:00
Only 3% of the population is familiar with contactless technology. After reading an explanatory paragraph about contactless payments technology, consumers were 7 times more likely to want a contactless card...
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Low Marketing Budget at Hungarian Firms
Date: 2008-07-17 00:00:00
Altough the role of the marketing is year to year more important in companies' life, but it isn't traceable in the companies' decision structure or in financial protection of the...
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