Market News

Industrial statistics continue to worsen

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...

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Retro 2

When I began writing this article, the EUR was worth HU 315. When I finished writing, it was worth HUF 293. So much about our ability to make plans. Then...

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Decline in market of mineral water

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...

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Milk price hitting bottom

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,...

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Buying local products voluntarily

Following many months of negotiations, a code of ethics has been signed by the representatives of retailers, farmers and processing enterprises which will become effective on 1. July. According to...

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Faster than average growth in sales of insecticides

The market of insecticides expanded by 11 percent in terms of value in the March 2008-February 2009 period, compared to the preceding 12 months, with retail sales exceeding HUF 3.5...

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Volume of foreign trade down

Export was down by 28 percent in January, compared to January 2008, while import was down by 27 percent. The balance of foreign trade showed a deficit of HUF 47...

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Private labels on the offensive

Private labels have been continuously increasing their share in retail sales for years. The assortment of private labels is widening and deepening at the same time. The perception of private...

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Demand shifting towards insect repellents with lower environmental impact

As long as insects will continue to exist, insect repellents will have a stable market. However, demand is shifting towards products which have a smaller impact on our environment. As...

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Portugal in the forefront of growth

Food retail has been developing at a remarkable rate in Portugal, which was second only to Poland in terms of quantitative growth last year. Sales of FMCG products grew by...

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Conference about free time

The average Hungarian consumer is a workaholic, working even in his/her free time, which means that free time has become more precious than money or commodities. According to the findings...

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Mainly domestic chains advertising insecticides

According to the GfK Leaflet Monitor, 450 advertisements of insecticides were published in leaflets circulated by retail chains in 2008. Only two of these were private labels. Domestic retail chains...

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Nielsen reporting from London and Brussels: „Food relatively resistant to crisis”

According to Jonathan Banks and Jean-Jacques Vandenheede from Nielsen, the number of purchases has begun to drop while demand is shifting from pleasant things towards necessary products. Everything is related...

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SOS-stores selling cheap food in Belgrad

Grocery store chains launched the so-called SOS-stores, grocery store for low-income individuals in Belgrad, Serbia. The outlet features prices 20-50% lower than regular retail rates. The freshly opened stores are...

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Crisis management with efficient communication

Crises undoubtedly shake the foundations of existing systems and lead to the appearance of better structures. Companies disappear or merge, and unusual solutions are invented, with the survivors benefiting from...

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Inflation fastest in Latvia

Consumer prices were up by 1.7 percent on average in the EU-27 countries in February 2009, compared to 2008. Inflation was slowest in Ireland and Portugal (0.1 percent) and fastest...

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Negative self regard among the aged

We were told at the Hungarian Consumer 50+ II conference held on 8. April, that people belonging to the 50+ generation in Hungary have an essentially negative regard of themselves...

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Companies getting greener

Regardless of the economic crisis, no company can afford to neglect the protection of our environment, because consumers are getting increasingly sensitive to such issues. – We spend a lot...

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The “price of fear”

According to cultural anthropologist László Bence Tarr, who regularly holds courses on stress management, it is a mistake to think that stress is an unavoidable feature of work, because stress...

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Brands love mommy-bloggers

Mommy-bloggers can easily become the big fishes of online marketing in the near future. As a matter of fact, mothers are top-consumers: they are  responsible for $2.1 trillion of U.S....

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Already huge CSR market still growing dynamically

In the opinion of Éva Bitter, independent sales consultant, CSR is a new form of communication for FMCG companies which is still quite rarely used, but can be far more...

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Ideal co-operation between manufactures and agencies IV. – You don’t have to believe everything!

According to a survey conducted by Trade magazin and Promo Power Trade Marketing Agency, 78 percent of companies are sometimes forced to choose the cheapest merchandising service and 92 percent...

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Surprising results of the latest food safety research (X)

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...

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Hungarian pig farmers can find new markets

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...

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Quality pálinka as Hungaricum

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...

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The number of flu-infected exceeded one thousand

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,...

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Due to the crisis and the epidemic travel market has difficulties

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...

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Brazil, is the hit market of department store investments

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...

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Hungarian meat processing companies are in trouble

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...

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Customer confidence needs to be strenghtened (X)

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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