Market News
Hungary’s GDP to contract 4-5% in 2009
Date: 2009-03-24 08:19:22
Economic think tank Kopint-Tárki projects a 3% drop in euro zone exports this year, including a 3.0-3.5% decline in exports to Germany. The think tank Kopint-Tárki expects Hungary’s GDP...
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Signing the Food Codex?
Date: 2009-03-23 22:58:00
According to business daily Világgazdaság the dealers, the adapters and the producers also agree with established variant of the codex. Partners could study the initiative once again after 23 March....
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Scottish doctor urges “fat tax” on chocolate
Date: 2009-03-23 21:36:00
In Scotland, nearly one in four people are obese, and chocolate is a root cause of increasing obesity. "If the British government is serious, they should tax chocolate in the...
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(HU) 2009 első negyedévében tovább csökkent a fogyasztói bizalom
Date: 2009-03-20 15:56:00
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U.S. food groups eye emerging markets
Date: 2009-03-20 13:08:00
The world's largest soup maker, Campbell Soup Co., is focused on China and Russia; processed meat group Hormel Foods Corp is looking to China, and Sara Lee Corp is eyeing...
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Food price equalised
Date: 2009-03-18 10:23:00
In January 2009 the producer price level of agricultural products was 28.2% lower than in the previous year. The price level of crops and horticultural products decreased by 38.6%, while...
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Extreme fall in industry output
Date: 2009-03-17 10:18:00
In January 2009, industrial gross output decreased by 22.9% compared to January 2008. The index adjusted for working days declined by 21%. The industrial export sales declined by 29.2%...
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Decreasing consumer trust
Date: 2009-03-16 12:18:23
The sales of FMCG products will fall in West-Europe, the growing inflation and the pressure of budget cutting influences all of the supply chain. In frame of ’Economic Current’ research...
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Euro zone Jan retail sales dip
Date: 2009-03-16 11:16:51
Euro zone retail sales fell more than expected year-on-year in January and were revised down sharply for December in another sign of continued economic recession. The European Union statistics office,...
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The concentration is faster, 1,400 less shops
Date: 2009-03-13 07:05:08
According to Nielsen researches in 20008 December the number of food shops was 19,935, opposite to 2007's year's end result, 21,339 units. Mainly the number of shops under 50...
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Hungarian bougth less consumer durables
Date: 2009-03-13 06:21:22
After a balking year's end in 2007, the trend was unchanged in 2008, the total sales in volume and value was under the previous year's results. According to GfK...
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HUF 26.5 billion record reveneu at TV2
Date: 2009-03-13 06:02:01
'This sales result is the best of our history and we are very proude because it combines with high rate of profit' – said Zoltán Várdy, CEO of the TV...
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EU makes bigger steps to protect consumers
Date: 2009-03-13 03:30:13
Last year 60,000 compaints were lodged to the EU, more than 2,300 legal cases was started because of unfair commercial pratices. 13 March is the European Day dedicated to...
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Sporty sweets
Date: 2009-03-13 02:58:15
With the economic crisis hitting all of sports, the London Olympics got a financial lift through sponsorship deals with Cadbury and Trident. London 2012 chief executive Paul Deighton said it...
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(HU) Szintentartásra volt elég a tavalyi év
Date: 2009-03-12 11:04:34
Gross domestic product of Hungary decreased by 2.3 percent in the fourth quarter of 2008 and by 2.5% when adjusted for calendar effects, compared to the corresponding period of the...
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Export fall extremly
Date: 2009-03-12 10:37:54
In January 2009, according to Hungarian Central Statistical Office's first estimates, exports amounted to HUF 1,172 billion (EUR 4,213 million), while the value of imports reached HUF 1,218 billion (EUR...
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Promotions make people active
Date: 2009-03-10 06:44:00
According to Szonsa Ipsos newest POSTerTEST survey, the promotion ads of retail sector make people more active as the average. The average activition rate of the outdoor campaigns in 2008...
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5,000 pair fake Nike shoes
Date: 2009-03-10 06:31:30
The authority arrested the HUF 38 million value goods and took legal proceedings against unkknown person. The member of Hungarian Customs and Finance Guard controlled a Czech van in Gyula,...
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EU Citizens prefer to shop online in their own countries
Date: 2009-03-10 05:49:03
Between 2006 and 2008 the percentage of European Union consumers buying at least one item over the Internet increased from 27% to 33%. The proportion of consumers buying online across...
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Real earnings will moderately, consumption significantly decrease
Date: 2009-03-09 08:05:39
The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that both the depth and duration of the global recession are still unpredictable; but forecasts all...
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Demonstration of dairy farmers to wait
Date: 2009-03-06 11:04:41
Dairy entrepreneurs ask the government to start the former published reorganisation program in value of HUF 2.5 billion. Dairy farmers talk about a new demonstration because of deep buy-up price....
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Consumers change habits as recession tightens its grip
Date: 2009-03-06 09:35:39
The recession has forced 87% of consumers to change their shopping habits, according to a study by research consultancy Shoppercentric. Out of a thousand people surveyed by market research agency...
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