Market News
Pig farmers are waiting for supports
Date: 2010-05-04 00:00:21
Sákán Antal, chairman of the Association of Hungarian Pig Breeders expecting intervention fund, a guaranteed price and more support from the government. According to the chairman of the Association of...
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We buy more cheese and mineral water
Date: 2010-05-03 00:01:50
According to Nielsen market research company; between April 2009 and March 2010, food retail sales declined by 1 percent in value and 3 percent in volume. In value, retail sales...
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GKI: The export and the industry are growing
Date: 2010-05-03 00:01:38
The joint forecast of the GKI Economic Research Co. and Erste Bank expect stagnation from the Hungarian economy in 2010. This year's economic processes will be determined by development in...
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There was no less contaminated food ten years ago
Date: 2010-05-03 00:00:50
Over the past weeks, several super-and hypermarkets traded food was found to contain harmful substances, which can cause sepsis, meningitis, or cancer. According to experts; there was no less contaminated...
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The U.S. economy caused disappointment, but there is still hope
Date: 2010-05-03 00:00:40
The U.S. economy increased by only 3.2 percent in in the first quarter, while the Commerce Department's report is encouraging. Encouraging sign that consumption increased by 3.6 percent, more than...
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There will be no VAT increase in Romania
Date: 2010-05-03 00:00:10
The Romanian Minister of Finance denied the rumors, that the Romanian authorities will increase the VAT, by 19 percent. However they are investigating the possibility of extending the tax base....
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Consumption in the CEE region: the Hungarians pulled on their belts
Date: 2010-04-30 00:01:33
RegioPlan Consulting experienced moderately increased consumption expenditure, in some countries, and stagnation or slight decline in others in the ten tested eastern and southern European countries in 2009. Although both...
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The Hungarian economy increased minimally in April
Date: 2010-04-30 00:01:20
The common indicator of Világgazdaság and Ecostat, the acceleration index (GYIA) increased by 0.08 percent in April compared to the previous month. This data is worse than previous month’s datas....
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Consumer groups: GVH strenghtens its actions
Date: 2010-04-30 00:01:00
According to the statement of GVH; the Competition Authority (GVH) will make stronger actions against businesses, that are organizing consumer groups. The Economic Competition Authority banned two firms – the...
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Good and bad news from Tokaj
Date: 2010-04-30 00:00:30
Costco, one of the largest U.S. supermarket chain will distribute Tokaji Aszú wines for ten years. Costco contracted with Tokaj Trading Co. to pay an annual 2.5 million USD for...
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Positive list of the Four Paws
Date: 2010-04-30 00:00:20
The Austrian animal rights organization the Four Paws took the Hungarian poultry producers who have undertaken not to apply technologies related to animal torture onto the positive list. The organization...
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The winning three: quality, price and choice
Date: 2010-04-29 00:01:33
According to the “Shopping Monitor 2009/2010” study of GfK Hungária Market Research Company; The most important criterias in the choosing of shops are: quality of freshness and price. The types...
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Yogurt was the star of last year
Date: 2010-04-29 00:01:10
According to the retail datas of the MEMRB Market Research Bureau; Yoghurt products were able to achieve outstanding growth last year. From 2008 to 2009 the FMCG market grew nearly...
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Unemployment close to 12 percent
Date: 2010-04-29 00:01:05
According to the Central Statistical Office; in the first quarter, unemployment continued to increase. The number of unemployed persons was 498 thousand, which means a 11.8 percent unemployment rate. In...
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The Slovakian Parliament authorizes the Tokaj name
Date: 2010-04-29 00:00:40
In the Slovakian part of the Tokaj wine region, the Tokaj name can be used again, from the 1st of June – decided the parliament in Pozsony on Tuesday. Last...
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At least the agriculture and food industry are looking for workers
Date: 2010-04-28 00:01:20
According to the datas of the Workania.hu job portal; in 2009, the number of those who were looking for jobs increased by 4.5 percent, while 28 percent less jobs were...
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U.S. consumers are very confident
Date: 2010-04-28 00:00:47
Consumer confidence in the U.S shows a spectacular improvement: in April, the Conference Board's confidence index rose up to 57.9 points from the 52.3 points of March. The market expects...
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Red wine against stroke
Date: 2010-04-28 00:00:20
Red wine consumption in the case of stroke reduces the rate of brain damage – at least this is the conclusion reached by the researchers of the U.S. Johns Hopkins...
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Customer confidence needs to be strenthened (X)
Date: 2010-04-28 00:00:00
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...
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In 2009 cheap cheeses pulled the market
Date: 2010-04-27 08:00:00
As GfK Hungária’s ConsumerScan revealed, we bought 12 percent more cheese in 2009 than a year earlier. The average household purchased 16.9 kg of cheese, largely due to an increase...
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With cool calculation
Date: 2010-04-27 08:00:00
Saving energy is the driving force behind innovation in cooling technology. The economical use of cooling equipment results in lower operation costs for retailers. In Hungary, the most important trend...
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Small shops keep losing ground
Date: 2010-04-27 08:00:00
Beer’s retail turnover was down 1 percent in value in the February 2009-January 2010 period. The market’s value was above HUF 102 billion. At the same time the Nielsen Retail...
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Inflation is losing speed, but it is still the highest in the EU
Date: 2010-04-27 08:00:00
In February, the monthly average consumer price increase was 0.3 percent, but compared with February 2009 prices were up by 5.7 percent, indicating a slowing down in the inflation after...
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Beer brands have to convince hesitating consumers
Date: 2010-04-27 08:00:00
In 2009, the beer industry realised the lowest volume sales in the past 20 years. Mostly bars and restaurants can be blamed for the minus 8 percent, the downturn was...
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Egg producers can be satisfied
Date: 2010-04-27 08:00:00
The Agricultural Economics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their last report reveals that in the first two months the volume of...
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The beer market contracted further last year
Date: 2010-04-27 08:00:00
Just like in 2008, the beer market kept shrinking in 2009, revealed GfK Hungária’s ConsumerScan, because the average household bought 6 percent less beer, 72 litres. 67 percent of Hungarian...
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Employment pessimism is subsiding
Date: 2010-04-27 08:00:00
GKI’s economic sentiment index continued to improve moderately in February. In the business sector expectations were more optimistic, with the exception of industry – here the confidence index reduced a...
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Orange, peach and apple is the ranking in terms of volume
Date: 2010-04-27 08:00:00
Fruit juice retail sales were down 9 percent in value in the February 2009-January 2010 period, compared to the same period a year earlier and totalled at HUF 42 billion....
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‘It is ending precisely now…’ (Part 1)
Date: 2010-04-27 08:00:00
‘…so I let it go!’ Tibi Kiss, the lead singer of Quimby probably referred to something else, but we thought it would fit the new, 6-part series by Trade magazin...
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Fruit juices bought less often
Date: 2010-04-27 08:00:00
GfK Hungária’s ConsumerScan reveals that only 100% fruit juice volume sales remained stable on the shrinking fruit juice market. The segment’s market share improved by 2.5 percentage points in 2009....
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