Market News
Fat on top
Date: 2009-05-05 08:00:00
The average rate of inflation was 0.5 percent in March. Prices were up by 2.9 percent compared to March 2008. According to KSH figures, food prices were up by 0.7...
Read more
Less ice cream sold
Date: 2009-05-05 08:00:00
According to a survey by GfK Hungária, ice creams continue to remain popular, though the growth in sales has come to a stop. 68 percent of the consumers interviewed in...
Read more
Consumer expectations continue to deteriorate
Date: 2009-05-05 08:00:00
According to the GKI Consumer Confidence Index, consumers continued to get more pessimistic in April. Consumer confidence has been deteriorating since the winter of 2008. Expectations regarding unemployment in the...
Read more
Committed to quality and unbroken customer confidence!
Date: 2009-05-05 08:00:00
Szikrai Borászati Kft. has been present in the market in its present form since 2004. Its owner and CEO, Tibor Sári and his team are committed to quality and reliability....
Read more
Euro zone slowing down as well
Date: 2009-05-05 08:00:00
GDP was down by 1.6 percent in the Euro zone countries in the last quarter of 2008, compared to the third quarter, which was more than the anticipated 1.5 percent...
Read more
Market share of PL mineral waters dropping
Date: 2009-05-05 08:00:00
Growth has stopped in the mineral water category. A drop of 2 percent in retail sales in terms of value was registered in the March 2008-February 2009 period, reducing the...
Read more
We are first in terms of insolvency in EU
Date: 2009-05-05 08:00:00
According to Zoltán Dercze, director of Coface Hungary, we have the highest percentage of insolvent companies inside the EU. One out of 24 companies existing in January, will not survive...
Read more
Mineral water brands looking for ideal price/profit ratio
Date: 2009-05-05 08:00:00
In spite of the recent drop in sales, the mineral water category still has potential for growth. However, closer co-operation with the retail sector is required to utilise this potential.....
Read more
Industrial statistics continue to worsen
Date: 2009-05-05 08:00:00
Industrial production was down by 25.4 percent in February 2009, compared to the same month in 2008 and by 4.1 percent compared to January 2009. As a result of a...
Read more
Decline in market of mineral water
Date: 2009-05-05 08:00:00
According to the GfK Hungária ConsumerScan, the market of mineral water showed decline both in terms of quantity and value last year. Sales were down by 5.1 percent in terms...
Read more
Milk price hitting bottom
Date: 2009-05-05 08:00:00
Supply prices of agricultural products were down by 27.4 percent in February 2009, compared to the same month in 2008. The price of plant products was down by 37.2 percent,...
Read more
Surprising results of the latest food safety research (X)
Date: 2009-05-05 01:01:11
The research result of GKI draws attention to the importance of food safety developments. GKI Economic Research Ltd’s research shows that 24% of the domestic population generally does not believe...
Read more
Hungarian pig farmers can find new markets
Date: 2009-05-05 00:55:19
The Chinese and Russian drop in demand for the U.S. pork can open new markets for the major European exporters – quoted Napi Gazdaság the President of the Association of...
Read more
Quality pálinka as Hungaricum
Date: 2009-05-05 00:51:29
Pálinka National Council was created to organize and supervise the quality control of the Pálinka, and develop the national pálinka-strategy. In the 13 member plenum exponents of the Minister of...
Read more
The number of flu-infected exceeded one thousand
Date: 2009-05-05 00:32:13
European health authorities have stated, that more than 1000 people have already infected with the new type of flu around the world. Twenty-six person died in the epidemic so far,...
Read more
Due to the crisis and the epidemic travel market has difficulties
Date: 2009-05-05 00:24:06
Travel market has been thoroughly shaken by the economic crisis and the swine flu. However earlier, market started to transform as organized online travel agencies started to emerge. The process...
Read more
Brazil, is the hit market of department store investments
Date: 2009-05-05 00:00:02
According to the information of the Brazilian Store Association, last year an appropriate amount of 390 billion HUF was invested in the development of the industry. Despite the crisis, this...
Read more
Hungarian meat processing companies are in trouble
Date: 2009-05-04 09:00:00
Gyulai Húskombinát faces insolvency, Herz is struggling with a serious lack of resource and debt. Without floating assets credit Gyulai Húskombinát faces bankrupcy – informed Népszabadság, Ruck János the Chief...
Read more
Customer confidence needs to be strenghtened (X)
Date: 2009-05-04 07:10:01
Originality-and quality check of food products is necessary. Since the 2006 scandal, illegal trading with vehicle components has become more common instead of abuses with highly protected vehicle documents. The...
Read more
Pork trade won’t be limited
Date: 2009-05-04 06:00:01
Several international organizations stated, that there is no need for further precautionary measures in the pork trade. The joint communication of World Health Organization (WHO), Food and Agriculture Organization (FAO)...
Read more
Reduction in beer consumption in Great Britain
Date: 2009-05-04 02:00:00
As a result of the economic crisis, beer consumption in Great Britain has decreased by 8% Reuters, the Népszabdság Online. This is the biggest decline in beer consumption in since...
Read more
Pork trade won’t be limited
Date: 2009-05-03 21:56:52
There is no need for further precautionary measures in the pork trade – several international organizations stated. The joint communication of World Health Organization (WHO), Food and Agriculture Organization (FAO)...
Read more
Eating habits in 2009
Date: 2009-04-30 01:12:34
GfK Hungária’s study of eating habits reflects the current situation of economic crisis, and the effects of changing consumer trends. In 2009 irregular eating was typical trend as well....
Read more
Report of the Internet economy
Date: 2009-04-30 00:43:22
More than half of the population considered to be digitally scribe – shows the GKIeNET – T-Home’s representative research. It’s very important for the economic and social competitiveness ,...
Read more
Word of Mouth, as a marketing technique
Date: 2009-04-30 00:39:42
Many small and medium businesses use Word of Mouth (WOM) and Word of Mouth Marketing (WOMM) to call the customer’s attention – write the Business and Success. Word of...
Read more
No virus in pork
Date: 2009-04-30 00:36:05
Pork and other food products are not infectious. The flu virus is spreading by coughs and sneezes from one man to another – states the communication of the Hungarian Chamber...
Read more
VAT reduction – cheaper bread and milk?
Date: 2009-04-30 00:32:14
According to experts, the reduction of general sales tax on basic foodstuffs (VAT) does not take a significant price decrease. The milk and bread’s turnover makes up the 10...
Read more
GKI economic index fall stopped in April
Date: 2009-04-29 01:21:46
After 9-month decline the economic climate index of GKI remained unchanged, the GKI Economic Research Co. pointed out that According to the survey, the consumer expectations continued to deteriorate,...
Read more
Bankruptcy record expected
Date: 2009-04-29 01:13:27
Compared to the same period of 2008 the number of insolvent companies increased by 25 percent according to Coface Hungary’s most recent analysis of this year's first quarter. Every...
Read more
