Market News

The meat processing sector is reckoning with crisis

The processors are groaning procurement purchase prices increasing since his year middle, till according to the producers the forage, energy cast and the salary is too expensive, ratio of the...

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Hungarians purchase less

According to calendar adjusted data, the volume of retail sales decreased by 1.6% in September, and by 2.0% in the first nine months of 2008 compared to the same period...

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Disillusioning research about Hungarian agriculture

According to the survey of Hungarian Agriculture Chamber and the Agribusiness Research Institute the sector loss its competitiveness, the market for Hungarian agriproducts decreased, the innovation is minimum and the...

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Paying moral in Hungary decreased drasticly

The time to get money from submitted invoice has increased to 165 days from just 35 days five years ago, the Hungarian unit of French credit insurance company Coface told....

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Because of the crisis people change to cheaper food

Most of the Hungarians spare on gas and electricity, some postpone the change of electronical equipments.  The Nielsen Global Online Consumer Survey, conducted by Nielsen Consumer Research, was conducted from...

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The effects of the financial crisis appears in number of insolvencíes in Hungary

About 26% of insolvency procedures were in the trade sector and 17% were in the construction sector. The number of insolvencies was also disproportionately high in the tourism, real estate...

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Households equipments and playconsols are Christmas favourite gifts

According to GfK Hungary researches the sales of articel of foods jump in December, it will be 10-11% of the yearly consumption.  The total sales of articel of food was...

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47 new Quality Food from Hungary

This year almost 50 products of 16 companies won the right to use the logo of excellency. With the new brands the „Quality Food from Hungary” family has 350 members,...

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Agrarian demonstration on Friday

According to business daily Vilaggazdasag, the farmers have a demonstration in front of Tesco Logistic Center in Budapest, but other massive protest is to wait at Auchan and Tesco stores....

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Hungarians eat less chocolate az the European average

According to the national association of chocolate producers Hungarians eat yearly 4 kilogram chocolate, most of the at the Christmas season. The European average is 7 kg.  Every Hungarian family...

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Spending power decreasing

Hungary slides down by three places on GfK European spendig rank list and is now on the 28th place.  On the top of the list stands Lichtenstein, the citizens of...

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Huge price increase for eggs

According to the Poultry Product Chamber the consumer price for eggs could reach HUF 40 in the Christmas season. Last weeks the suppliers price grow by HUF 2 to HUF...

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Industrial gross out put increasing stoped

According to the Central Statistic Office in September 2008, the industrial gross output decreased by 0.7% compared to September 2007,the index adjusted by working days declined by 5.3%. The volume...

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Employees in the retail sector aren't comitted enough to their workplace

Only half of the employees is able and want too, to make better achievement to help their workplaces succes – said an research in business daily Vilaggazdasag.  The most comitted...

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Crisis on the Hungarian milk market

The biggest problem the low suppliers price and the retail price in the shops. Last year the supplier's price was HUF 100, nowadays it is about HUF 75.   Friday...

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Red label for Colourings

The additional label information on foods containing E102 , E104, E110, E122, E124 or E129 will be obliged to state: “Consumption may have an adverse effect on activity and attention...

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Domestic market of jam expanding

According to data from the ConsumerScan of GfK Hungária, the jam market showed expansion in terms of both value and quantity in the first half of 2008. As a result...

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Instant food on trays increasingly popular

The canned vegetable category shows stagnation in terms of quantity and moderate growth in terms of value, while demand for canned meat is in decline. Shelf price is increasingly important...

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Growing demand for premium beers

Retail sales were up by 5 percent in terms of value in October 2007 – August 2008, compared to the preceding year. The value of the total market exceeds HUF...

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Budapest region on top

Purchasing power in Hungary has been mapped by GfK Hungária for the sixth time this year. Hévíz, the wealthiest settlement outside Budapest two years ago is now only third with...

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Bio sector expecting strong sales at the end of the year

Organic and health food has appeared in hyper markets and supermarkets years ago. Today, organic food is found on the shelves in most stores and online sale are also growing....

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There is always money for sweets

Though consumption has not dropped, the domestic production of sweets has declined in the past two years. Multinationals like Kraft and Nestlé have relocated part of their production to other...

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Wine marketing to begin in late 2008

The quantity of wine produced in Hungary this year will be around 3,5 million hectolitres this year, though as much as 4 million was expected. – This quantity is 20...

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50 percent occupancy for hotels

The total number of nights spent by foreign and domestic guests in commercial places of accommodation remained unchanged in the January-August 2008 period, compered to 2007. Revenues were up by...

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No reason to panic!

„No reason to panic!- said the director. That’s when panic started.” (Rejtő Jenő: Vesztegzár a Grand Hotelben) This is how I see the responses to the financial crisis. Obviously, it...

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Business presents at all levels

As Győző Sauer, managing director of 3L Present Kft says, “Giving a present feels good”. However, his colleagues responsible for buying presents would disagree, as it is not easy to...

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Sweets immune to negative trends

Growth has remained dynamic in practically all categories of sweets. The Bonbonetti Group is present in almost all of the sweets categories and has achieved annual growth of over 10...

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Festivals enhancing champagne culture

The market of champagne has produced moderate growth last year. No major changes in demand have occurred. However, awareness and popularity of champagnes made using methode transvasée and methode traditionnelle...

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Specialised stores up

Retail sales totalled 1.8 percent less in July 2008, than in July 2007. Retail sales were down by 0.1 percent compared to June. Retail sales totalled HUF 3,447 billion in...

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Price waves

As soon as the harvest of maize has begun, farmers realised that their earlier hopes had been unfounded, as only HUF 18,000 per tonne was offered for their produce. MVH...

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