Market News
Price explosion on th world food market
Date: 2007-11-09 00:00:00
Global cereal prices are expected to remain at high levels for the coming year, warns the latest Food Outlook report by FAO. FAO expects many countries will pay more for...
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Children's game recall
Date: 2007-11-09 00:00:00
Bindeez games had been removed from supermarkets' shelves all over in the world. The children's game must be recalled after it was discovered that beads used in it could metabolize...
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Slovakian Government ban to sell under ex works price
Date: 2007-11-09 00:00:00
The president of the Slovakian Retail Association said, the new bill is against costumers and the constitution. The bill would ban to sell some product under ex works price from...
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HUF 150 million for palinka marketing
Date: 2007-11-09 00:00:00
The government protect the producers to set up a new association called National Palinka Board. The third times bigger sum would help to populize the Hungarian spirit on domestic...
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Ginseng food supplements recall because of radiation
Date: 2007-11-09 00:00:00
Czech food supplement manufacturer Biopol GN have to recall its “Barney's” ginseng food supplements. This measure was imposed because Barney's ginseng, manufactured by Premium Quality Product of Canada, and...
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(HU) Új co-branded hitelkártya bevezetését jelentette be az MKB Bank és a WestEnd
Date: 2007-11-08 00:00:00
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Europeans spent slim in August
Date: 2007-11-08 00:00:00
The volume of retail trade in the euro zone rose 0.3% in September from August and rose 1.6% over 12 months, the European Union's Eurostat data agency said. Retailers...
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Kraft Foods Inc. sells its Post cereals business
Date: 2007-11-07 00:00:00
The American Ralcorp Holdings Inc.payed US 2.8 billion for it. Kraft continues to evaluate its brands and businesses in terms of its long-term growth plan, using several criteria: growth potential,...
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No change in tourism nights in the first three quarters of 2007
Date: 2007-11-07 00:00:00
According to Hungarian Central Statistical Office the greatest growth had the Balaton, here were 24% more domestic tourists as in the same perion 2006, Budapest had less domestic tourist as...
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In 2006 productivity grew strongly in the EU
Date: 2007-11-06 00:00:00
According to the EU's annual competitiveness reportworker productivity in the bloc increased by 1.5 per cent in 2006 – the highest level so far this millennium, and a tenth of...
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Improving balance of the Hungarian economy
Date: 2007-11-05 00:00:00
According to the forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank the Hungarian economic policy adjustment is taking place in a favorable European business climate but...
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No distortion at competition in Britain
Date: 2007-11-05 00:00:00
Supermarkets stand accused of buying up land to keep out rivals. Shoppers in most areas have a good choice and benefit from strong competition between retailers, but in a number...
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E. coli bacteria in beef from Canada
Date: 2007-11-05 00:00:00
9.8 million kilograms of beef were recalled in October More than 40 people are ill in 8 American county because of the meat products of Rancher's Beef. ....
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Internet banking not very popular among Hungarians
Date: 2007-10-31 08:00:00
According to an international, online survey conducted by Nielsen, Hungarian Internet users rarely use the net for banking transactions and use ATM machines less frequently than the international average. Only...
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Food boosting inflation
Date: 2007-10-31 08:00:00
According to a KSH report, consumer prices remained unchanged in August 2007, compared to July, but the rate of inflation was 8.3 per cent. Prices were on average 8.5 per...
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How is the banking sector?
Date: 2007-10-31 08:00:00
The number of banks per HUF one million is between 3-4 in Hungary, which is around the international average. The leading seven banks (OTP, K&H, MKB, Erste Bank, CIB, Raiffeisen,...
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Retail turnover of food continues to shrink
Date: 2007-10-31 08:00:00
The shrinking of retail turnover continued in July. According to a KSH report, sales were 4.2 per cent down in July 2007 compared to July of 2006 and also showed...
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Growing inventories, more financing in foreign exchange
Date: 2007-10-31 08:00:00
As István Tari, regional director of Erste Bank has told us, in spite of signs of recession in the FMCG sector, retail chains are expanding in the hope of future...
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Hungarian origin becoming more important
Date: 2007-10-31 08:00:00
According to a 2007 survey by GfK Hungária about eating habits, the primary consumer requirement regarding food is good quality. Cheapness is no longer an important consideration for many consumers...
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Shaking foundations
Date: 2007-10-31 08:00:00
A number of dairy products suddenly disappeared from stores recently, though there was no real shortage. Hungarian producers of milk and dairy products have been put in an unusually favourable...
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Factoring: option not a refuge
Date: 2007-10-31 08:00:00
According to Ferenc Csáki, chairman of the Hungarian Factoring Association and CEO of Magyar Factor zRt, the expansion of factoring is always a sign of economic growth. – What is...
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Consumers spending more wisely
Date: 2007-10-31 08:00:00
According to Mrs. Szalóky Judir Tóth, director of Nielsen, the majority of consumers have maintained their level of consumption. In fact, sales have expanded in half of the 20 largest...
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Digital and universal electronics selling well
Date: 2007-10-31 08:00:00
In the central and eastern European region, the sales of non-perishable consumer goods are becoming increasingly concentrated. According to a survey by the Gfk Group, online sales are growing as...
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Delayed changes
Date: 2007-10-31 08:00:00
It was good news for players in the FMCH market that the recession resulting from the restrictive economic measures introduced last autumn had been delayed. However, it is bad news...
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From store to store in Shanghai (part 3.) – Tesco
Date: 2007-10-31 08:00:00
Within the single hour I spent in a Tesco in Shanhai, I had seen 37 signs saying “cheaper” in both Chinese and English. There is always plenty of activity to...
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Christmas on shelves
Date: 2007-10-31 08:00:00
Precise planing is needed in order to achieve the major boost in sales that is expected in the Christmas season. Most companies begin planning their special packages and offers for...
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Risks can be reduced
Date: 2007-10-31 08:00:00
According to a presentation by Éva Palócz, general director of KOPINT-TÁRKI Konjunktrúrakutató Zrt. held at the conference organised by Coface Hungary in Göd, on 11. October, a large part of...
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