Market News

Retail turnover finally expanded

In July the volume of retail increased for the first time since March 2007: by 1.7 percent if compared with July 2009. However, in the first seven months of 2010...

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Tea is the second most popular warm drink

In January-June 2010, 69 percent of households bought tea. From the different tea types black, flavoured black and herbal teas were the most popular, with a 27-30 percent penetration. Fruit...

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Shower gels and deodorants are the most popular in gift packages

Christmas gift packages with body care and cosmetic products were sold in the value of HUF 3 billion in the last Christmas period. It is noteworthy though that sales were...

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Health is the key word that slowly changes the structure of the tea market

In the recent period the tea market strengthened above the level of inflation, in terms of value: consumers bought more from expensive tea varieties. Lilla Adorján, Unilever’s category operations assistant...

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Demand shifted towards more expensive segments

On the HUF 13 billion annual tea market retail trends differ from the general trend: consumers are not trying to economise. In May 2009-April 2010 tea retail sales grew by...

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Breakfast cereal is the choice of young families with many children

According to GfK Hungária’s ConsumerScan, half of Hungarian households bought some kind of cereal product in the first half of 2010. Breakfast cereals were the most popular, followed by muesli/cereal...

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Only muesli was capable of a positive performance

According to the Nielsen Retail Index, retail sales of cereals and cereal bars fell by 2 percent in value and by 1 percent in volume, in December 2009-July 2010. Volume...

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Large packaging units debuted well

The Nielsen Retail Index revealed that butter’s value and volume sales both grew by 4 percent in December 2009-July 2010, in comparison with the same period one year earlier. Sales...

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Lower level of concentration, private label sales diminished

According to the Nielsen Retail Index, the share of stores larger than 400 m² from wiener volume sales decreased by 3 percentage points in the first half of the year....

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Close to 1,000 billion surplus in trade balance

According to the report of the Central Statistical Office; In January-August of 2010, the trade balance surplus was 956 billion HUF (3,493 million euros) 355 billion HUF (1413 millioneuros) more...

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Huge revenue due to 25-30 percent rise of alcohol tax

Turkey's Finance Minister Mehmet Simsek pointed out that he expected a government move to raise a special consumption tax on alcohol by 25-30 percent to bring in $556.5 million in...

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Hungarian milk production descreases

Three EU member states face levies worth € 19 million for exceeding milk quota. Denmark, the Netherlands, and Cyprus were the three states –out of 27 members, which exceeded their...

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New plant opened by Bounduelle

French vegetable producer Bonduelle has announced that it has opened a new plant in Brazil. Located in Marajo, Goiás State, the plant mainly produces green peas packaged in tins. The...

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The panic is over, but consumers are still cautious

The consumer confidence index moderately improved in the past three quarters in Hungary, but is still in the negative zone (we can speak of a positive mood above 100). In...

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The newest plaza opens in Siófok in 2011

The construction work is scheduled to be completed later this year, the handing over of the trade center may take place in December 2011. In relation to one of the...

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Successful Hoventa expo in 2010

Hoventa 2010 összefoglaló from Trade Magazin on Vimeo....

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German retail sales decreased further

In Germany, the decline of the September retail sales accelerated. After the 0.4 percent decline of August a 2.3 percent decline has occurred. Annual growth is 0.4 percent. On the...

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EU decision: more alcohol can be in the Hungarian wines

Brussels agreed that because of the bad weather, winemakers can increase the alcoholic degree of wines. A further nine countries, Germany, Slovenia, Austria, the Czech Republic, Belgium, Denmark, Slovakia, the...

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The impact of the pharmacy liberalization on consumers

According to the study of GKI-EKI Egészségügykutató Kft.; Because of the pharmacy liberalization, geographical and demographic constraints of the establishment of pharmacies have been terminated. The 19 percent increase in...

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KSH: unemployment data proved to be better than expected

Unemployment data published by the Central Statistical Office (KSH): Hungary's average employment rate for July-September fell to 10.9%, while the number of employed rose to 3,823,000, KSH said in the...

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The GVH fined 16 grain processor for 2.3 billion HUF

Because of their participation in cartel, causing losses to Hungarian consumers, the Competition Authority (GVH) fined 16 grain processor for 2.3 billion HUF – announced the Competition Authority on Thursday....

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Improved economic sentiment in the euro area

The European Commission's overall economic sentiment indicator (ESI) is rising for the fifth month in October, increasing from 103.2 points to 104.1 points, compared to the previous month. The positive...

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The sugar demand of China and India will cause sugar price increases

Acccording to the British Czarnikow institution; The demand for sugar will sharply rise in the next twenty years, but the production is unable to follow the demand. Mainly due to...

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Online trade: Teszvesz and Vatera about to merge

TeszVesz.hu and Vatera.hu, the two major Hungarian online auction portals are about to merge on 1st November this year. The two portals will switch to the name Allegroup.hu Kft, but...

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The Winegrower of the Year will be selected soon

The Winegrower of the Year will be selected within the compass of the sp-called Borest (Wine-evening) at the Wine Academy on 3rd December this year. This competition is the most...

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HUngarian wine-success at Dutch competition Proefschrift Wijnconcours

Merengő 2008 from Eger's St Andrea winery won the platinum award at the Amsterdam Proefschrift Wijnconcours, the biggest wine competition in the Netherlands, on October 10. This means that this...

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The consumer-friendly logo comes in two years

According to the Director-General of the The National Consumer Protection Authority (NFH); the consumer-friendly logo system would be launched in two years. From the first of January next year, the...

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Customers stormed the Corvin: more than 30 thousand visitors on the first day

Hundreds were waiting in front of the gates of the Corvin Shopping Center, that is located on the Corvin Promenade. Hungary's newest shopping center, has successfully opened its doors to...

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45 percent of the employers are planning wage increase for next year

According to DGS Global Research; For 2011 45 percent of employers are planning an average 4.9 percent payment increase, while last year only 37 percent planned an average slightly larger,...

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Europeans do not have confidence in meat

According to a recently completed European research; Europeans do not trust in meat. The European Commission launches an investigation to find out what is the cause of the lack of...

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