Market News
Unchanged prospects for consumers, less optimism for business
Date: 2007-09-24 08:00:00
The value of the GKI economic prospects index has only shown moderate fluctuation since August last year, falling somewhat in July. According to a survey conducted by GKI Gazdaságkutató Zrt.,...
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Fighting common taste
Date: 2007-09-24 08:00:00
The block of people who regard cheese as being identical with trappista is still substantial and constitute the majority. The situation is however, changing slowly. – In Hungary, there is...
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Buying food: quality is important
Date: 2007-09-24 08:00:00
According to a 2007 survey by GfK Hungária, the high quality of food to be bought is the primary consideration for Hungarian consumers. A 1-5 scale was used to evaluate...
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Dynamic expansion in the market of paper diapers
Date: 2007-09-24 08:00:00
The growth in retail sales of paper diapers has continued to accelerate. An increase of 12 per cent was registered by Nielsen in the July 2006–June 2007 period, with total...
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Marked price rise for grain
Date: 2007-09-24 08:00:00
The prices of agricultural produce were 6.4 per cent up in June 2007, compared to June 2006. The prices of plant produce were up by 12.6 per cent, whereas that...
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Beyond absorbing capacity
Date: 2007-09-24 08:00:00
Requirements for diapers are becoming increasingly diverse, but consumers continue to be sensitive to price. According to market research data, hyper markets are taking an increasing share from the sales...
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Recession in retail speeding up
Date: 2007-09-24 08:00:00
The volume of retail trade continued to shrink in June 2007. According to KSH data, retail turnover in the second quarter of the year was 3 per cent less than...
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Facts and arguments
Date: 2007-09-24 08:00:00
Compared to August 2006, food prices rose by 10,9 per cent, which is above the average rate of inflation. Food prices are also rising drastically in the world market, as...
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Intimate hygiene tissue: expansion above average
Date: 2007-09-24 08:00:00
The market of intimate hygiene tissues is small but growing dynamically. According to the Retail Index of Nielsen, retail sales show an increase of 16 per cent in the July...
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Growing loyalty towards supermarkets and discount stores
Date: 2007-09-24 08:00:00
According to the Shopper Trends study by Nielsen, the significance of modern store types has continued to grow. Hyper markets, super markets and discount stores are becoming the primary places...
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Price limits
Date: 2007-09-24 08:00:00
It is hard to tell yet exactly how much damage has been caused by the drought. Farmers talk about losses amounting to hundreds of billions, whereas another calculation recommended by...
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Period of introduction for wet wipe tissues
Date: 2007-09-24 08:00:00
As this product category has only recently been introduced, the objective is dual: educating consumers and widening the range of applications. The market of wet wipe tissues is growing dynamically...
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Sunshine, songs, logic
Date: 2007-09-24 08:00:00
According to Greeks, Crete is the birthplace of European culture and having taken a look at the palace of Knossos, I find this an absolutely credible claim. Since Cretans are...
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Private label bio product for the British
Date: 2007-09-24 08:00:00
According to a survey by TNS, seven out of the ten most popular bio products in the UK are private labels. In chains like Tesco and Sainsbury over 1,000 bio...
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Barely packaged merchandise, conservative consumers
Date: 2007-09-24 08:00:00
According to Béla Kertész, general secretary of the National Packaging and Moving Association, the quantity of packaging materials used by the Hungarian economy is still only half of the European...
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From store to store in Shanghai (part 2.) – Lotus flower
Date: 2007-09-24 08:00:00
We have visited Shanghai to attend the CIES conference which gave us an opportunity to take a look at retail trade in China. Lianhua (Lotus flower) is a 703 square...
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Less sale from basic food too
Date: 2007-09-24 00:00:00
According to KSH the retail sales of food products dropped drastically in the first seven months. Hungarian retail sales dropped by 0.4% month on month in July, according to data...
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Outlet center in Polgár
Date: 2007-09-24 00:00:00
From HUF 4billion investment a mall is built near to M3 motorway in Polgár. The M3 Outlet Center will be finished on March, the construction work is made by Strabag,...
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The biggest Hungarian trade union wants real wages correction
Date: 2007-09-24 00:00:00
According to delegates of employers, the are several sectors, where in 2008 the agreed wages increase can't be given. Because of the tightening actions and the high inflations rate the...
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From March no more HUF 1, 2 coins
Date: 2007-09-24 00:00:00
The ratio of lost 1 and 2 forint coins has been very high for years and the price of base materials, primarily copper, nickel and zinc, also rose considerably in...
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Fake Gillette made in China
Date: 2007-09-21 00:00:00
Two Chinese brothers have been charged with making 160,000 fake “Gillette” razor blades. The brothers, surnamed Zhang, were accused of assembling Gillette Mach 3 razor blades at home with family...
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Hungarian food industry campaign in Germany
Date: 2007-09-21 00:00:00
German customers can buy hungarian food products and wines at four cities' at five Kaufhof stores between 10-22 September. The Hungarian Weeks in Berlin, Leipzig, Halle and Chemnitz is protected...
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Price cartel at milk products in UK
Date: 2007-09-21 00:00:00
Britain's big supermarkets are facing substantial fines after being accused of fixing the prices of milk, butter and cheese with the dairy industry. The alleged price collusion is estimated to...
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Hungarian customers need product with good quality
Date: 2007-09-21 00:00:00
According to Gfk research, the first aspect at shopping is the good quality, at the second place is the price-value rate, on the third is the nationality of the product....
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The beverage companies reformulate products
Date: 2007-09-20 00:00:00
The industry is progressively removing the colours concerned from the products it produces for young children. Southampton University study suggested that: "eating or drinking certain mixes of additives together with...
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After chinese products there is the chinese trade union too
Date: 2007-09-20 00:00:00
Trade unions should work together more closely to cope with the challenges posed by economic globalization – ACFTU President Wang Zhaoguo said. The trade union leaders from Albania, Bulgaria,...
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Travelcard from Accor
Date: 2007-09-20 00:00:00
Thanks to the cooperation between BKV and Accor, seven kind of travelcard can be ordered together with the Ticket Restaurant voucher. It is a simply and economy solution, and the...
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Decree against stress on the workplaces
Date: 2007-09-19 00:00:00
Until 8 of October after EU-law the Hungarian government has to make its decree against stress on the workplaces. The EU directive said that attendant of workplace's stress must be...
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One million blackleg workers – HUF 1.5-2 billion damage
Date: 2007-09-19 00:00:00
The hungarian government makes new decrees to roll back the black economy in the state. According to Ferenc Gyurcsany PM, the business done in black economy is HUF 3-4 billion,...
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Hungary's GDP growth to come to 2.2%, inflation to 7.6% in 2007
Date: 2007-09-19 00:00:00
The country's GDP is to increase in line with the targets defined in the convergence program, i.e. by 2.2%, according to a release by the Finance Ministry. Next year, growth...
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