Market News
Paying moral in Hungary decreased drasticly
Date: 2008-11-24 00:00:00
The time to get money from submitted invoice has increased to 165 days from just 35 days five years ago, the Hungarian unit of French credit insurance company Coface told....
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Disillusioning research about Hungarian agriculture
Date: 2008-11-24 00:00:00
According to the survey of Hungarian Agriculture Chamber and the Agribusiness Research Institute the sector loss its competitiveness, the market for Hungarian agriproducts decreased, the innovation is minimum and the...
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Because of the crisis people change to cheaper food
Date: 2008-11-21 00:00:00
Most of the Hungarians spare on gas and electricity, some postpone the change of electronical equipments. The Nielsen Global Online Consumer Survey, conducted by Nielsen Consumer Research, was conducted from...
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The effects of the financial crisis appears in number of insolvencíes in Hungary
Date: 2008-11-21 00:00:00
About 26% of insolvency procedures were in the trade sector and 17% were in the construction sector. The number of insolvencies was also disproportionately high in the tourism, real estate...
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Households equipments and playconsols are Christmas favourite gifts
Date: 2008-11-21 00:00:00
According to GfK Hungary researches the sales of articel of foods jump in December, it will be 10-11% of the yearly consumption. The total sales of articel of food was...
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47 new Quality Food from Hungary
Date: 2008-11-21 00:00:00
This year almost 50 products of 16 companies won the right to use the logo of excellency. With the new brands the „Quality Food from Hungary” family has 350 members,...
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Agrarian demonstration on Friday
Date: 2008-11-20 00:00:00
According to business daily Vilaggazdasag, the farmers have a demonstration in front of Tesco Logistic Center in Budapest, but other massive protest is to wait at Auchan and Tesco stores....
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Hungarians eat less chocolate az the European average
Date: 2008-11-20 00:00:00
According to the national association of chocolate producers Hungarians eat yearly 4 kilogram chocolate, most of the at the Christmas season. The European average is 7 kg. Every Hungarian family...
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Spending power decreasing
Date: 2008-11-20 00:00:00
Hungary slides down by three places on GfK European spendig rank list and is now on the 28th place. On the top of the list stands Lichtenstein, the citizens of...
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Huge price increase for eggs
Date: 2008-11-18 00:00:00
According to the Poultry Product Chamber the consumer price for eggs could reach HUF 40 in the Christmas season. Last weeks the suppliers price grow by HUF 2 to HUF...
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Industrial gross out put increasing stoped
Date: 2008-11-17 00:00:00
According to the Central Statistic Office in September 2008, the industrial gross output decreased by 0.7% compared to September 2007,the index adjusted by working days declined by 5.3%. The volume...
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Employees in the retail sector aren't comitted enough to their workplace
Date: 2008-11-17 00:00:00
Only half of the employees is able and want too, to make better achievement to help their workplaces succes – said an research in business daily Vilaggazdasag. The most comitted...
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Crisis on the Hungarian milk market
Date: 2008-11-17 00:00:00
The biggest problem the low suppliers price and the retail price in the shops. Last year the supplier's price was HUF 100, nowadays it is about HUF 75. Friday...
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Red label for Colourings
Date: 2008-11-17 00:00:00
The additional label information on foods containing E102 , E104, E110, E122, E124 or E129 will be obliged to state: “Consumption may have an adverse effect on activity and attention...
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Bio sector expecting strong sales at the end of the year
Date: 2008-11-16 08:00:00
Organic and health food has appeared in hyper markets and supermarkets years ago. Today, organic food is found on the shelves in most stores and online sale are also growing....
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There is always money for sweets
Date: 2008-11-16 08:00:00
Though consumption has not dropped, the domestic production of sweets has declined in the past two years. Multinationals like Kraft and Nestlé have relocated part of their production to other...
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Wine marketing to begin in late 2008
Date: 2008-11-16 08:00:00
The quantity of wine produced in Hungary this year will be around 3,5 million hectolitres this year, though as much as 4 million was expected. – This quantity is 20...
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50 percent occupancy for hotels
Date: 2008-11-16 08:00:00
The total number of nights spent by foreign and domestic guests in commercial places of accommodation remained unchanged in the January-August 2008 period, compered to 2007. Revenues were up by...
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No reason to panic!
Date: 2008-11-16 08:00:00
„No reason to panic!- said the director. That’s when panic started.” (Rejtő Jenő: Vesztegzár a Grand Hotelben) This is how I see the responses to the financial crisis. Obviously, it...
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Business presents at all levels
Date: 2008-11-16 08:00:00
As Győző Sauer, managing director of 3L Present Kft says, “Giving a present feels good”. However, his colleagues responsible for buying presents would disagree, as it is not easy to...
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Sweets immune to negative trends
Date: 2008-11-16 08:00:00
Growth has remained dynamic in practically all categories of sweets. The Bonbonetti Group is present in almost all of the sweets categories and has achieved annual growth of over 10...
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Festivals enhancing champagne culture
Date: 2008-11-16 08:00:00
The market of champagne has produced moderate growth last year. No major changes in demand have occurred. However, awareness and popularity of champagnes made using methode transvasée and methode traditionnelle...
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Specialised stores up
Date: 2008-11-16 08:00:00
Retail sales totalled 1.8 percent less in July 2008, than in July 2007. Retail sales were down by 0.1 percent compared to June. Retail sales totalled HUF 3,447 billion in...
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Price waves
Date: 2008-11-16 08:00:00
As soon as the harvest of maize has begun, farmers realised that their earlier hopes had been unfounded, as only HUF 18,000 per tonne was offered for their produce. MVH...
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Gift packages in widening price range
Date: 2008-11-16 08:00:00
The season of gifts will soon be here. Brand manufacturers have been working on Christmas offers for a while. As Anikó Radosiczky, senior brand manager of Sarantis Hungary says: “No...
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Market of sweets, especially chocolate expanding
Date: 2008-11-16 08:00:00
Double digit growth took place in the market of chocolate, both in terms of value and quantity in the October 2007-September 2008 period, compared to the preceding year. Sweet biscuit,...
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The wine market: household consumption down for the first time in 2007 after many years
Date: 2008-11-16 08:00:00
Rising average prices, less frequent and smaller purchases were the main trends in the Hungarian market of wine in 2007, according to data from GfK Hungária ConsumerScan. Cheap wine is...
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Food export down
Date: 2008-11-16 08:00:00
In the January-July 2008 period, export was up by 10 percent while import expanded by 11 percent, compared to the same period in 2007. According to KSH data, the balance...
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Mio: up-dated and integrated
Date: 2008-11-16 08:00:00
Free updates for the MioMap 2008 and Mio More Desktop software have been made available by Mio for its users. Owners of Mio Moov 200, 300, and 330 can now...
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Another difficult year for the food industry
Date: 2008-11-16 08:00:00
According to Attila Boródi, chairman of the National Association of Food Processing Enterprises (ÉFOSZ), 2007 was a very difficult year for the food industry and 2008 looks even more difficult....
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