Market News

Karl Lagerfeld lobbies EU on internet sales

Clothes designer Karl Lagerfeld met EU competition commissioner Neelie Kroes to try and persuade internal market regulators to keep current restrictions on online retailers for luxury goods.  The spokesman explained...

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CBA and Procter & Gamble donated HUF 10 million

In frame of the „Heart of the community” program P&G gave HUF 10-20 or 30 after every P&G products bought in CBA stores between September-November 2008.  Heart of the community...

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Smaller shop play important role in retail

The place of every day shopping are the smaller Hungarian owned stores, for big purchase mostly the hypermarkets are visited.  According to GfK's Shopping Monitor and Shopping Mission 2008-2009 research,...

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New leader at the British Chamber of Commerce

Csilla Csurgai (34) has been appointed executive director of the British Chamber of Commerce in Hungary (BCCH) with effect from February 1st 2009.  An internal appointment, Ms Csurgai has been...

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Supermarkets shamed over F-word books

Tesco and Asda were condemned for selling a string of books and CDs with the F-word in their titles. The items were available on their websites, where they were easily...

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Retail Sales grow in January

According to a fresh survey the British retail sales rose in January for the first time since last May, but the increase was driven by food sales and heavy price...

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Hungaricums on the web

Yesterday Premium Hungaricum Society introduce its new on-line store and commercial establishment for the public in frame of a conference.  The aim of the society, founded in 2004, is to...

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Spanish food & beverage sales grow in 2008

The sector lost 5,000 jobs in the fourth quarter, out of a total 480,000 jobs. However jobs had been created during the first three quarters of the year.  Sales of...

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Hollywood helps toymakers to survive

After a sad Christmas season world biggest toy makers forecast a better 2009, companies see several growth possibility thanks to the now comming Hollywood films as X-Men, Transformers 2, and...

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Trade balance showed a surplus of 33 million euros

According to KSH, national statistic office in December 2008, exports amounted to HUF 1,163 billion (EUR 4,371 million), while the value of imports reached HUF 1,186 billion (EUR 4,447 million)....

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Seven CEE countries on Coface's negative rating list

In all, 22 countries were either downgraded, placed on negative watch or had their positive watch withdrawn.  For the year 2008, Coface registered an increase of 47% in its global...

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Farmers protests grip Europe as prices slump

After peaking at the end of 2007 on the back of a global commodities boom, wholesale milk prices dropped by 50 percent on average last year, Hungarian farmers have HUF...

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Decreasing inflation, weak forint

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 for the time being completely...

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HUF 130-140 billion EU subvention could lost

We have to pass the new SPS law, as soon as possible, otherwise the Hungarian stock-farming will cut back between 2010-2012 – said Barna Forgács, president of Hungarian Chamber of...

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People drink less fruit juice in the crisis

Last years the total fruit juice sales decreased by 4%, specialist said this year the fall could be 5-7%.  Sió-Eckes, owned by German Eckes-Granini group, sold 71 million liter fruit...

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Big harvest, decreasing demand for malt

After several years of impressive growth the worldwide consumption of beer could remain flat this year as the economic downturn hurts demand.  Between 2005 and 2008, worldwide beer production rose...

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The role of the personal consulting is growing at the vitamin market

According to GfK's Healthcare and Consumer Tracking researches altough Hungarians think to take vitamins is an important way to healthcare, but they bought less pills in the last two years....

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98-Cent Produce Packs brought new shoppers for Fresh & Easy

Tesco’s US subsidiary Fresh & Easy has reported that its produce sales have increased by more than 11% with its new 98-Cent line since January when it was introduced.  The...

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Volume of exports and imports for new member states continued to expand dinamacally

In November 2008, the export and import volumes decreased by 8 and 12 percent, respectively, however in January-November both the exports and imports increased by 5 percent as compared to...

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In spite of excellent agricultural land, there is no closing up in CEE

The CEE food industry is sitting in a vicious circle, for weak needs the answer is weak offer – said an UNIDO research, published by business daily Világgazdaság.  UNIDO is...

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Aastra expanding in the region

In December 2008, an independent subsidiary was formed in Austria and a representative office opened in Hungary by Aastra Technologies Ltd. The Canadian company is present in 100 countries, offering...

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Little loyalty, many promotions for softeners

Softeners are one of the categories where promotions were most frequent in 2008. According to data from MEMRB, the Hungarian market of HUF 16 billion is dominated by three major...

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What should I wish for in 2009?

At the end of the year, we always look back to see what we have achieved. News of the financial crisis and economic recession has brought a lot of uncertainty,...

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New generation of self-service cash registers

A new generation of self-service cash register solutions is to be introduced in the Hungarian market by NCR. The improved NCR SelfServ™ Checkout offers faster and more convenient solutions than...

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Fewer people buying larger quantity of softeners

According to ConsumerScan data by GfK Hungária, the number of households buying softeners in the first nine months of 2008 was down slightly compared to the preceding year, but the...

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Deli counter

Today, time and the money we have at our disposal have become the two major factors determining shopping decisions. More precisely, the sensation of combining these factors effectively is what...

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Human size educational campaign

On 1. December, the International AIDS Day, a human size condom was carried around in Budapest streets to remind people of the dangers of HIV infection. This campaign was also...

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Refrigerated yet fresh…!!!

In recent years, one of the most notable consumer trends has been the growing demand for fresh products. At the same time, sales of refrigerated products have also grown dynamically....

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Displays: from manufacturing to feedback

In the first part of this article, we have discussed the planning phase of display campaigns. We are now moving on to the next stage. Once we have selected a...

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Stable ranking for chemical products

Unlike foods, the top 10 of chemical products has remained unchanged for years. A graph of the retail sales generated by the top 10 household chemical and cosmetics products is...

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