Market News
7% decrease at the Confidence-index
Date: 2007-10-02 00:00:00
55% of managers expect domestic demand to remain unchanged and 27% expect decreasing demand. The monthly Ecostat Top-100 index, a gauge of confidence at Hungary's biggest hundred companies dropped to...
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Less ready meals in Britain
Date: 2007-10-02 00:00:00
According a survey despite time pressures, the majority of mothers are said to prefer to cook meals from scratch rather than open a jar or heat ready meals. The research,...
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HUF 12 million conraband
Date: 2007-10-01 00:00:00
Customs officers seized 31,000 cartons of cigarettes in a van. The worth of contraband cigarettes was 12 million forints, the products brought into the country from the Ukraine. The officers...
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Germans don't do shopping
Date: 2007-10-01 00:00:00
In Surprise Fall German retail sales fell unexpectedly in August, affected by the impact of higher oil prices and the credit-market turmoil. Sales, adjusted for inflation and seasonal swings, fell...
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Warm food voucher is popular
Date: 2007-09-27 00:00:00
According to GKI research company, in 2003 only 300,000, this year 570,000 employees get warm food vouchers. 58% of the competition sector's employees get cold food vouchers and 18% warm...
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New owner and developing at the Bertrans logistic park in Kecskemet
Date: 2007-09-25 00:00:00
Australia's Goodman Group buys logistics park in Hungary. Goodman, an integrated property group listed on the Australian Stock Exchange, has acquired the Kecskemét-based logistics park of Hungarian logistics service provider...
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Heineken introduces new light lager in Russia
Date: 2007-09-25 00:00:00
The new brand will be positioned in the premium class beer segment and will be supported by a wide promotion campaign across various mass media. Heineken has introduced a new...
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Ribena to go green
Date: 2007-09-25 00:00:00
The company said that it will become the first in UK's soft drinks industry to increase the recycled content of its ready-to-drink bottles from 40% to 100%. All Ribena bottles,...
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Summer raid – HUF 500 million fine
Date: 2007-09-25 00:00:00
In the course of the 10 weeks control the inspectors spied at the Lake-Balaton, on the biggest events – as Sziget Festival and on the famous holiday places. Inspectors found...
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Milk producers make the pace
Date: 2007-09-25 00:00:00
Subsequent upon the price war there are empty shelves at the supermarkets milk sections. The processing industry and the exporters run against each other and jack up the price. There...
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Price rises in Hungary and Europe
Date: 2007-09-24 08:00:00
According to an Eurostat survey, average food prices in Hungary were 29 per cent below the EU 27 average in 2006. We took 27-29th place among 37 European countries regarding...
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Commercial vehicles with extras
Date: 2007-09-24 08:00:00
Only 40 per cent of Hungarian forwarding businesses use vehicles which are not older than six years, while 30 per cent use vehicles which are older than nine years. If...
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Mr. Cheng Yun from Wuhan
Date: 2007-09-24 08:00:00
Mr. Cheng Yun is a typical representative of the dynamically expanding Chinese food business. He owns 200 food stores in and around one of the “second rate” cities, Wuhan which...
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If more coffee cannot be sold, sell better quality!
Date: 2007-09-24 08:00:00
There is intense competition in the coffee market. The development of the instant coffee segment has slowed down and private labels have also appeared. On the other hand, quality is...
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Consolidation in truck production
Date: 2007-09-24 08:00:00
Half of the world market of medium and heavy commercial vehicles is shared between six companies. Volvo (already the owner of Renault VI-t and Mack) acquired Nissan Diesel in March....
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Global toothpaste brand in a village
Date: 2007-09-24 08:00:00
Glen Murphy (42) director of the Chinese Nielsen subsidiary told us about the market research work they do to survey this 1,3 billion strong market. They have 600 full time...
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Substitutes stealing the show
Date: 2007-09-24 08:00:00
As consumers are becoming increasingly health conscious and wary of sugar, sales of sweeteners are expanding. Canderel is not only a sweetener brand, but also a well known and diverse...
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Good days for palinka
Date: 2007-09-24 08:00:00
Palinka sales in the HoReCa sector grew by 10 per cent in terms of value in the June 2006–May 2007 period. Total palinka sales in the HoReCa sector exceeded HUF...
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Private labels on the offensive
Date: 2007-09-24 08:00:00
Retail sales of praline show dynamic growth. Sales have expanded by 10 per cent in the July 2006 – June 2007 period, exceeding HUF 15 billion, according to the Retail...
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Palinka popular among young people
Date: 2007-09-24 08:00:00
Palinka has become fashionable. It has recently become an extremely successful product compared to the past. However, only premium brands of very high quality are welcome in restaurants. – Restaurants...
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Weakening „B” brands among pralines
Date: 2007-09-24 08:00:00
Preparations are on the way for the long praline season, which will reach its peak around Christmas. Private labels hold stronger positions than ever before, but premium products are also...
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Rising prices in the bakery industry
Date: 2007-09-24 08:00:00
Consumer prices in July were 8.4 per cent up compared to July 2006. According to a KSH report, food prices fell by 0.8 per cent compared to June. The prices...
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From grandma’s best to Mexican cuisine
Date: 2007-09-24 08:00:00
The food industry has responded to our accelerated lifestyle with plenty of innovation. The assortment of instant food has expanded significantly. Instant food is a very comprehensive category. It includes...
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European flood of milk, falling lamb prices
Date: 2007-09-24 08:00:00
Agricultural Business Research Institute (AKI) continuously monitors trends in the world market of meat and poultry. Data from the Market and Price Information system of KSH and AKI can be...
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Cheese sales concentrated in modern store types
Date: 2007-09-24 08:00:00
The dynamic growth of cheese sales seen in recent years has slowed down. With growth of 8 per cent in terms of value between July 2006 and June 2007, annual...
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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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