Market News

The industrial confidence index was deteriorating

In January the seasonally adjusted GKI Economic Sentiment Index declined a bit shows the survey of GKI Economic Research Co. supported by the European Union . The reason for this...

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Consumer boycott in Croatia

Rhis action is a protest against the high food prices in the country. Most people are sceptic, the idea found nice, but they are going to shop. On Thursday, the...

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Hungarians Internet Users read news and e-mail via Internet

According to an international survey conducted by GfK the ‘serious’ internet services, such as e-mail and online banking are most frequently used in Austria and Slovenia.   Leisure-time and entertainment-focused...

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Discount offer for exhibition outside of Hungary

ITD Hungary pays 70-75% of exhibition's costs in case of four international fair. ITD Hungary protects Hungarian SMEs with export possibility. The collective appearances are organised by previosly qualifide exhibitories....

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EU to Tax Imports of Swiss Products with Powdered Skim Milk

The tax is part of a price equalizing method agreed between Switzerland and the E.U. Under the deal, Switzerland has until now subsidized the export of powdered skim milk to...

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The winner 21 save water

UK food and drink manufacturers are working together in a new initiative, known as the Federation House Commitment, to reduce water usage and improve efficiency across their businesses.  The 21...

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Plastic milk bottles came back in UK

Shoppers will soon be able to buy milk in plastic bags as part of a green initiative of Waitrose.   The supermarket chain Waitrose is abolishing plastic milk bottles to...

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P&G to separate its coffee business

The coffee unit had sales of about $1.6 billion and operating income of about $ 350 million in fiscal 2007. Procter&Gamble Co. is planning to split off its Folgers coffee...

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Inspection at European big supermarket chains

A European Parliament petition on investigating and remedying the abuse of power by large supermarkets operating in the EU has received signatures from 60% of all MEPs.  The increasingly dominant...

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Hungary's economic growth will pick up and its inflation will slow down this year

Based on the past months' developments, the extent of the changes is likely to be smaller than previously thought, economic think tank GKI said in a forecast elaborated in co-operation...

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The labor market of retail to increase in 2008

According to Hungarian National Labour Service this year's end will have a positive balance, 56,000 more job will fill up as last year December.The authority said there will be a...

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French Supermarket Workers Strike over Wages

Thousands of French supermarket workers went on strike on Friday to demand higher salaries and better job conditions. The strike by supermarket employees was the latest in a series of...

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Top-100 Hungarian Companies are Less Optimistic

The ECOSTAT TOP-100 business confidence index was 86,6% at SME's 79,4% in January 2008.  Hungarian companies are looking to the future with a degree of apprehension, according to the stats....

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A Helping Hand for SMEs for free

The Mentoring Business Transfer is sponsored by European Union, essential business informations are teached in 10 days.  The Hungarian Chamber of Commerce & Industry takes part in the program, wich...

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Fake products in value of HUF 18 million were atteched at Jozsefvarosi and Rakospalotai Markt

The specialist of Hungarian Customs and Finance Guard opens 15 closed kiosks and containers.  According to authority 3,000 fake clothes and 200 paar of fake shoes were found. At Rakospalota...

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Scented and no stains

The market of detergents shows continuous growth and innovation. Drugstores are still the places where most consumers go when looking for innovations. Consumers have less time to spend cleaning things...

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Hungarians are child-centred in bio

According to a Nielsen survey conducted among Internet users in 46 countries, the most popular bio foods in Hungary are fruits, vegetables and eggs, like in the EU. While almost...

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Extraordinary snapshot – domestic food industry in 2007

The well known and grave problems of the Hungarian food industry continued to exist in 2007 and no major positive breakthrough took place. Domestic purchasing power is in decline, while...

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Frost makes apple expensive

The average price of agricultural produce was up by 34,4 per cent in October compared to the same period in 2006. According to KSH data, the average price of plant...

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Has been better – will be better?

Regarding last year, everybody agrees that it has been a difficult period and it’s far from being over. As a result of austerity measures, purchasing power and sales dropped, while...

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Food production in decline

Industrial production was up by 5,9 per cent in October 2007 compared to the same month in 2006. According to KSH data, the volume of production was 8,6 per cent...

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Difficult year behind and ahead of us

Last year was a difficult one as a result of austerity measures and decreasing purchasing power. Though exact figures are not available yet, the end of the year shopping frenzy...

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A European bronze for Belgium in discount stores

There are only 8,000 food stores in Belgium which has a population equal in size to that of Hungary, where we have over 20,000. According to a Nielsen survey, even...

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Two giants battle in Hungary as well

Two giants and gigantic competition. The battlefield is Europe and to some extent, the whole world. Aldi is present in ten countries in Europe, but it also has stores in...

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Bitter-sweet Belgian praline

The Belgian GDP is USD 38,000 and economic growth is 3-5 per cent, but they have their problems too. Theoretically, the Walloons and the Flemish should live together in harmony....

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Brands coming to life in stores

Hostess promotions are the biggest “events” that take place inside stores. What are the details which need to be taken into consideration in order to make such events truly effective?...

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About 2007 and 2008

In recent year, our prime ministers have picked up the habit of addressing the public in “State of the Union-style” about the year. This reminds me of the joke: “This...

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