Market News
Millions of people sensitive to food
Date: 2009-03-05 08:00:00
Unfortunately, the number of people who are unable to consume specific food products is growing in Hungary. Such people can be classified using three major categories: 1.) Sensitivity due to...
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Code kept warm
Date: 2009-03-05 08:00:00
Food manufacturers and retailers seem to have finally reached an agreement about a Code of Ethics. Their objective has been to set a universal standard for market players to be...
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Dietary supplements demanding a place in retail
Date: 2009-03-05 08:00:00
As a result of increased stress in our lives and our increasingly polluted environment, dietary supplements are becoming more important for consumers than ever before. – Nowadays, what we read...
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Growth by small specialised food stores
Date: 2009-03-05 08:00:00
Retail sales were down by 2 percent in November 2008, compared to November 2007 and by 0.4 percent compared to October. Retail sales totalled HUF 5,656 in the January-November period,...
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On line store for Hungarian products in March
Date: 2009-03-05 08:00:00
The intention of Prémium Hungaricum Egyesület is to help Hungarian SME-s from the food sector in entering the market. This is why they are planning to start up an online...
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Vitamins from pharmacists and agents
Date: 2009-03-05 08:00:00
According to a survey conducted by GfK LHS Healthcare and data from Consumer Tracking, consumers still regard vitamins as an important means of maintaining health, though sales have dropped in...
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Meat market exposed to changes in exchange rates
Date: 2009-03-05 08:00:00
Global trends in the meat and poultry markets are monitored by the Agricultural Business Research Institute (AKI). Data from the market price information system of KSH and AKI can be...
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Record breaking growth for chemical products
Date: 2009-03-05 08:00:00
Top list of chemical products producing most dynamic growth in 2008 (percentage on 2007 basis)....
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Toilet cleaners showing growth
Date: 2009-03-05 08:00:00
According to Nielsen data, retail sales of detergents expanded by 5 percent last year, exceeding HUF 12 billion. Toilet cleaners, the largest segment in the category produced growth of 10...
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Uncertainty regarding the end of recession
Date: 2009-03-05 08:00:00
According to a forecast by GKI Gazdaságkutató Zrt and Erste Bank, the end of the global recession and its extent is completely uncertain. GDP in the EU is expected to...
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Hungarian Chamber of Agriculture urging introduction of SPS in 2009
Date: 2009-03-05 08:00:00
A substantial part of animal husbandry might disappear by 2012, which could lead to a major crisis. This danger comes from the delay in the introduction of the SPS law,...
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Stain-free cleanness with specialised products
Date: 2009-03-05 08:00:00
6-8 different types of detergents are used by average Hungarian households. Most housewives use specialised products and universal detergents at the same time. Dish washers, scrubbing powders and creams, germ...
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Hungarians worried mainly by cost of alcohol consumption
Date: 2009-03-05 08:00:00
44 percent of Hungarians claim that they never consume alcohol. According to a survey conducted by the GfK group for Wall Street Journal Europe, the biggest concern for Hungarians regarding...
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TV2 preparing for the spring with new programs
Date: 2009-03-05 08:00:00
As it has been revealed recently, a show under the title “Mr. & Mrs.” and hosted by Claudia Liptai and Attila Till is to be launched soon by TV2. Áll...
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Fewer households buying general detergents and floor cleaners
Date: 2009-03-05 08:00:00
According to data from the ConsumerScan of GfK Hungária, different changes have taken place in various segments of households detergents, which has resulted in some shifts in their respective market...
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Domestic chains re-magnetised
Date: 2009-03-05 08:00:00
According to the Shopping Monitor and Shopping Mission 2008-2009 surveys prepared about distribution channels by GfK Hungária, smaller stores continue to play an important role in Hungary. For the first...
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Cheap food after a good harvest
Date: 2009-03-05 08:00:00
According to a forecast by Kopint-Tárki Konjunktúrakutató Intézet Zrt. and Agrár Európa Tanácsadó Kft., food prices will only rise moderately this year, increasing at a slower rate than inflation. The...
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Drugstores strengthening their position in HUF 19 billion market
Date: 2009-03-05 08:00:00
According to the Nielsen Retail Index, retail sales of hair care products stagnated at slightly over HUF 19 billion last year. The nearly HUF 11 billion market of shampoos remained...
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Grain prices halved
Date: 2009-03-05 08:00:00
The supply price of agricultural products was down by 22,6 percent in December 2008, compared to December 2007. The price of plant products was down by 38 percent, while that...
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Almost 2/3 of chemical artikels are sold in hypermarkets and drogeries
Date: 2009-03-04 07:08:00
Last year the total retail sales of households chemicals and cosmetics grow by 3% to HUF 300 billion, but in volume it was 2% less as a year before. According...
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Hungary food safety authority gives all-clear on supplement scare
Date: 2009-03-04 06:27:00
Hungary has not imported any food supplements containing nimesulide, a substance known to be hepatotoxic, the Hungarian food safety authority (MEbiH) told MTI. Sweden recently informed the European Commission through...
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Only half of developing came true in 2008
Date: 2009-03-03 12:51:07
According to property consultancy ESTON International there was no handover of new retail properties in Budapest in 2008, and several developers experiencing financial trouble delayed or even stopped projects. At...
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GDP growth under 1%
Date: 2009-03-03 12:31:44
The slowdown of economic growth over the year continued in the last months of the year with the decrease of production and use. According to the common flash estimate of...
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Sales prices of industry growing
Date: 2009-03-03 12:24:47
According to Hungarian National Statistical Office the domestic sales prices of industry rose by 0.9% in January 2009 compared to the previous month and were 4.4% higher than in January...
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HUF 350 bln for R+D in Hungary
Date: 2009-03-03 12:15:35
A map of the subsidies was published by R+D minister Károly Molnár at a symposium. About HUF 350 billion in grant money to support research and development as well as...
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Competition Commission to introduce code to protect supermarket suppliers
Date: 2009-03-03 12:13:57
The Competition Commission in the UK will introduce a new code of practice for supermarkets to enhance competition and ensure the fair treatment of suppliers. After investigations last year the...
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Drastic Sales decreasing in Lithuanian
Date: 2009-03-03 11:10:22
Sales at food retailers were down 10.2% year-on-year, while non-food retailers suffered more, with sales down 20.6%. Sales at Lithuanian retailers in January slumped by 27.2% on a year-on-year basis...
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U.S. consumer spent more in January
Date: 2009-03-03 10:35:42
The January gain followed a drop of one percent in December 2008 and was even better than the 0.4 percent increase that economists had expected. U.S. consumer spending rose 0.6...
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The value of GKI’s economic sentiment index has been falling
Date: 2009-03-02 06:28:39
According to the survey conducted by GKI Economic Research Co. with the support of the European Union, business expectations deteriorated even more sharply in February than in January, whereas the...
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Less coffee consumption decreasing as awaited
Date: 2009-03-02 06:23:05
Valdo Café made a survey between its 100 big clients about the effects of the financial crisis on coffee consumption in Hungary. According to the survey there is a small...
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