Market News

One month – 1300 checks – HUF 91 million penalties

For authorities controlled in June together, the Hungarian Tax and Financial Control Administration, the Consumer Protection Agency, the Hungarian Labor Inspectorate and the Hungarian Customs and Finance Guard. Missing bills,...

Read more

Price of household goods decreased, food prices increased

Domestic sales prices rose by 0.4% in May 2007 compared to the previous month, and by 7.8%compared to May 2006.  The export sales prices expressed in HUF were higher by...

Read more

Italy wins in „cheese war”?

It sets up a thrilling finale when the full Court of Justice will rule later this year on whether “Parmesan” can be made only by northern Italians or by any...

Read more

Own brand confectionery grows across European markets

European confectionery private label market share is continuing to grow strongly, according the latest statistics by Neilsen for the Private Label Market Association. Results indicate that the retailer brand market...

Read more

Decrease in Budapest but increase in Szabolcs

The interim biennial purchasing power index compiled by GfK Hungária shows that well-performing counties are stagnating or dropped back slightly. Since 2000 there was a permanent growing in the capital,...

Read more

Year of M&A

According to Reuters global M&A activity is on target for a record year after a first-half surge.  An increase in cross-border corporate mergers helped Europe push past the United States...

Read more

Gaining deeper customer insight is the key to gaining a competitive edge in the retail

Loyalty cards give retailers a better guide to customer preferences study finds."Customer loyalty is based on the extent to which merchants connect with customers' interests, values and needs," said Nigel...

Read more

Hungary's external and internal balances improved in the first four months

Hungary's Central Statistics Office (KSH) has revised that the cumulated trade gap at the end of the first quarter was EUR 442.4 m, down from prelim EUR 463.9 m and...

Read more

European Food Safety got well

Alert System for Food and Feed (RASFF) which shows that notifications on risks to food safety fell by 5% in 2006 compared to 2005.This is the first time since the...

Read more

Business confidence of big Hungarian companies improve in June

The index gauging the confidence of Hungary's largest corporations stood at 58 points in June, up 4 points from May and at a six-year high, indicating outstanding optimism, Ecostat, the...

Read more

M.E.G.A. group is played into the hands of Ukrainian

The ownership change was made in Februar, after the re-labeling scandals, but the Registry Court has enroled now the two new owner from Ukraine. The M.E.G.A. Group, with five firme,...

Read more

Hard competition on softdrinks market in Ukraine

Orangina Group, the beverage producer has acquired Rosinka, a Ukrainian soft drinks manufacturer, for an undisclosed sum.  Rosinka, which has a workforce of 600, saw its 2006 turnover reach 30...

Read more

Toxic industry raw materials in chinese food

Chinese media are reporting that authorities have shut down 180 food factories, after inspectors found industrial chemicals in products from candy to seafood. Authorities say formaldehyde, illegal dyes and industrial...

Read more

Warehouses near to the downtown

Construction work has begun for a 20,000-square-metre (4.94-acre) business park in Táblás street in Budapest's 9th district. InNove Business Park will comprise warehouses and office space. It is located at...

Read more

Uninterrupted growth at LLP

LLP Group, a leading provider of ERP and CRM solutions in Central and Eastern Europe, has reported 2006 total revenues of 7.7 million EUR, representing 12% growth over 2005.  The...

Read more

Stores opening

Tesco, Pécs Open: 20 arpil 2007 Chain: Tesco Store space: 1000 m2 SKU: 10 000 Tesco, Debrecen-Józsa Open: 4 may 2007 Chain: Tesco Store space: 1000 m2 SKU: 10 000...

Read more

Health and games from corn

According to a recent survey by Nielsen, the market of cereals grew by 2 per cent in terms of value last year. Sales of corn flakes grew by 11 per...

Read more

Waiting for wine reform

The EU Commission will publish its plans for reforms in the wine sector in the beginning of July. Critics of planned reforms say, that the EU wants to turn wine...

Read more

Beer industry adapting

Sales of Hungarian made beer increased last year. According to Imre Sívó, chairman of the Association of Breweries, the 5,6 per cent growth proves the ability of the industry to...

Read more

Drugstores: increasing intimacy

Retail sales of women’s hygiene products are increasingly concentrated in drugstores. According to data from Nielsen, their market share grew by 3 per cent last year, but hyper markets still...

Read more

Improving environment, better atmosphere

According to GKI Gazdaságkutató Zrt., the competitiveness index (VEX) showed marked improvement in most countries of the region, including Hungary in the last quarter of 2006. The business environment index...

Read more

Dairy industry on the defensive

The Dairy Products Council held a presentation about the position of the industry on 29 May. Domestic sales of dairy products made from Hungarian materials declined by 13 per cent...

Read more

Intimate relationship with strong brands

Personal hygiene has been subject to spectacular development in the past 20 years in Hungary. Softness, smoothness and good absorption capacity are the main priorities for consumers, while skin-friendliness is...

Read more

Maze of paragraphs

Many regulations pertaining to sales of OTC products and also to pharmaceuticals which require a prescription changed in the beginning of the year. While selling of OTC products in retail...

Read more

AdWords for us too

The business site AdWords is now accessible to Hungarian users as well, announced Google on 12 June. AdWords helps the activities of companies which do not have web sites of...

Read more

Prices of sun lotions going down the chute

Average prices of sun lotions are falling in modern store types, where most sales are concentrated. Longer and warmer summers generate increased demand, inviting private labels to enter the market....

Read more

Coupons, points, VAT

We asked Zsolt Tenczer, senior manager of PricewaterhouseCoopers, about the differences between the way VAT deductible after promotional vouchers is calculated n the EU and in Hungary. Vouchers and coupons...

Read more

Unbroken trust

Reader’s Digest magazine has again prepared a survey about the brands regarded as most reliable by consumers. The survey covered 15 European countries and 24,000 interviews. Quality, price, image and...

Read more

Meetings and conferences

When a not very exciting conference is held next door and another similar one is held in the other end of the country, the choice is quite obvious. However, if...

Read more
Oldal