Market News
Retail turnover finally expanded
Date: 2010-11-02 17:55:17
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
Date: 2010-11-02 17:52:23
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
Date: 2010-11-02 17:46:48
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
Date: 2010-11-02 17:45:33
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
Date: 2010-11-02 17:43:44
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
Date: 2010-11-02 17:42:27
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
Date: 2010-11-02 17:38:26
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
Date: 2010-11-02 17:35:07
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
Date: 2010-11-02 17:29:33
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
Date: 2010-11-02 16:31:26
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
Date: 2010-11-02 00:24:14
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
Date: 2010-11-02 00:00:26
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
Date: 2010-11-01 22:10:53
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
Date: 2010-11-01 11:17:06
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
Date: 2010-10-29 21:08:59
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
Date: 2010-10-29 20:12:19
Hoventa 2010 összefoglaló from Trade Magazin on Vimeo....
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German retail sales decreased further
Date: 2010-10-29 18:17:48
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
Date: 2010-10-29 18:16:47
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
Date: 2010-10-29 18:15:56
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
Date: 2010-10-28 21:51:26
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
Date: 2010-10-28 21:21:51
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
Date: 2010-10-28 16:47:26
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
Date: 2010-10-28 16:44:06
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
Date: 2010-10-28 10:46:59
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
Date: 2010-10-28 09:55:16
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
Date: 2010-10-28 05:31:56
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
Date: 2010-10-27 19:35:05
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
Date: 2010-10-27 19:34:12
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
Date: 2010-10-27 17:07:05
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
Date: 2010-10-27 15:07:17
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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