Market News

Internet banking not very popular among Hungarians

According to an international, online survey conducted by Nielsen, Hungarian Internet users rarely use the net for banking transactions and use ATM machines less frequently than the international average. Only...

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Food boosting inflation

According to a KSH report, consumer prices remained unchanged in August 2007, compared to July, but the rate of inflation was 8.3 per cent. Prices were on average 8.5 per...

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How is the banking sector?

The number of banks per HUF one million is between 3-4 in Hungary, which is around the international average. The leading seven banks (OTP, K&H, MKB, Erste Bank, CIB, Raiffeisen,...

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Retail turnover of food continues to shrink

The shrinking of retail turnover continued in July. According to a KSH report, sales were 4.2 per cent down in July 2007 compared to July of 2006 and also showed...

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Growing inventories, more financing in foreign exchange

As István Tari, regional director of Erste Bank has told us, in spite of signs of recession in the FMCG sector, retail chains are expanding in the hope of future...

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Hungarian origin becoming more important

According to a 2007 survey by GfK Hungária about eating habits, the primary consumer requirement regarding food is good quality. Cheapness is no longer an important consideration for many consumers...

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Shaking foundations

A number of dairy products suddenly disappeared from stores recently, though there was no real shortage. Hungarian producers of milk and dairy products have been put in an unusually favourable...

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Factoring: option not a refuge

According to Ferenc Csáki, chairman of the Hungarian Factoring Association and CEO of Magyar Factor zRt, the expansion of factoring is always a sign of economic growth. – What is...

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Consumers spending more wisely

According to Mrs. Szalóky Judir Tóth, director of Nielsen, the majority of consumers have maintained their level of consumption. In fact, sales have expanded in half of the 20 largest...

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Functional food market grown dynamic in the UK

Some 97% of British consumers have bought some sort of food with an added health benefit, according to a survey from Nielsen. According to the research company, the UK functional...

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Store chain privatisation in Serbia

The country's biggest department store chain, Robne Kuce Beograd, was sold to a local businessman for 360 million euros. The bankrupt state-owned chain owns some 240,000 square metres of retail...

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Metro wholesale center in Far-East

The assortment, service and architecture of the Metro Cash & Carry wholesale center in Lahore have been tailored to the specific needs of commercial customers in Pakistan.  More than 20,000...

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Barcode for agricultural products in China

During the campaign the government said more than 300,000 technical staff went to rural areas in the last month, nearly 200 illegal food companies have been shut. The system of...

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Diabetic grain producing in Szeged

This week started the producing again in Gabonatermesztesi Kutato Kht- famous of guar gum cases.  A row material and the plant, producing diabetic grain is strongly supervised, the feed made...

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Szechenyi Card on the short list of European Enterprise Awards

To be on the short list is a big honor for Szechenyi Card and the organisations behind. A 13strong shortlist has been selected for the European Enterprise Awards 2007, which...

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Idea of a Barcode trolley is on the top

Consumers are more interested than ever in the details of the products they consume. According to a Shopper Research by IGD 30% of shoppers would be interested in using barcode...

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Carlsberg to distribute Budvar

Danish brewer has signed a distribution deal with Budejovicky Budvar to distribute its products in Denmark. Carlsberg's independent company, House of Beer will take over the distribution of the Czech...

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Pig –farmers to strike

On 15th November the pig-farmer want to protest in front of stores against supermarket chains. The feed price growth but not the agricultural procurement price, which make the pig-farmers bitter....

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New relabeling story

This time more than 15 tons of coffee and candies would be relabeled for 2008 in a distributor's depot.  The authority found a relabel machine too. The products would be...

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Conference about Mystery Shopping

Aim of The Mystery Shopping Day ,organized by Client First Consulting Kft. , wanted to focus the leaders interest on the benefits of mystery shopping and to show to good...

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Kremlin orders a freeze on food prices

Food producers and big retailers have agreed to freeze prices on milk, bread, eggs and other staples until January 31 in a deal announced by the Agriculture Ministry. The price...

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More people than ever enjoy health benefits of milk but not in Hungary

The overall growth in milk consumption comes at a time when demand is outstripping supply, prompting higher milk prices. New Tetra Pak figures, released in advance of World Osteoporosis Day...

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Next year will come 15% wage minium increase in retail

Representatives of retail enterprises said HUF 86,000 too high for them.According to aggrement in 2005 workers in retail should get minimum 15% wage increase in 2008. Trade Union is open...

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Illegal slaughterhouse in Orkeny

The authority took 2,7 tons of chicken meat. The owner has to pay more million HUF fine. 10 years before there was a legal slaughterhouse, which had to close because...

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Beer consumption decrease in Germany

We should force 50% price increase in the next five years to cover our cost – said Richard Weber, president of German Beer Association.  Prices climb higher because of the...

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Final negotiations in December

EU ministers reopened old divisions over how to overhaul Europe's vast wine sector, clashing over plans to dig up centuries-old vineyards and rekindling a north-south rift on using sugar in...

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Small stores are on the way to change the price tables

According to Federation of Hungarian Food Industries a new price increase in volume 10-15 % will come in the next weeks. There is a climbing at price elevation in food...

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