Market News
Fake cow registrations in the Netherlands
Signs of fraud in the registering of dairy cows were found at 2,100 cattle farms, Minister Carola Schouten of Agriculture, Nature and Food Quality announced in a letter to the...
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World food prices fell in November
World food prices declined. The food price index calculated by the United Nations Food and Agriculture Organization (FAO) dropped by 0.5 percent, to 175.8 points from the previous 176.6 points....
Read moreThe low-grade Chinese honey will be controlled more strictly
In the future, the Hungarian National Beekeeping Association (OMME) and the National Food Chain Safety Office (Nébih) will pay more attention to the quality control of honeys sold in Hungary...
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Magazine: Strong Swedish presence in Hungary
At the moment there are about 180 Swedish companies present in Hungary and they employ approximately 17,000 people. Márta Böddi, the office manager of Business Sweden in Budapest told our magazine...
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Experience, personalised shopping, technological innovations
Analysts say online sales will become 2-3 times bigger in Hungary in just 5 years’ time. In addition to technological innovations, it is also important that online retailers can now...
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Members of Generation Y use gadgets 11 hours a day
The so-called Millennials – members of Generation Y – use various digital devices 11 hours a day, revealed a survey conducted by Nielsen in the United States. It turned out...
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Hungarian consumer confidence at a 10-year peak
In the 3rd quarter of 2017 the Hungarian consumer confidence index reached another record height with 76 points. The European average was 87 points – revealed a 63-country online survey...
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CEOs are optimistic all over the world
Between August and November 2017 PwC interviewed 1,293 CEOs in 85 countries, within the framework of the company’s 21st Global CEO Survey. Results were revealed at the World Economic Forum in...
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Face masks and plant-based yogurt are flying high
Combined sales of the 5 biggest drug and food categories amounted to nearly HUF 30 billion between December 2016 and November 2017. Face mask sales skyrocketed with plus 108 percent...
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Good end-of-year performance from retail trade
In December 2017 like-for-like retail volume sales augmented by 4.7 percent; adjusted for calendar effects, the sales growth was 5.9 percent – reported the Central Statistical Office (KSH). Food and...
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PLMA president predicts that private label products will continue strengthening in 2018
Our magazine interviewed PLMA president Brian Sharoff. Trade magazin: – What will be the main trends in the private label segment in 2018? Brian Sharoff: – Retail chains will keep...
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Prices grew by 2.4 percent on average last year
In December 2017 consumer prices were 2.1 percent higher than in December 2016. Food prices increased by 3.5 percent. The price of egg soared by 39.4 percent, dairy products’ price...
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GKI’s economic sentiment index improves further
The GKI economic sentiment increased again in January 2018, having reached a historic peak at the end of 2017. This January the business confidence index only rose within the margin...
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Many wet condiments to choose from
Easter – just like Christmas, New Year’s Eve and the summer barbecue season – is an important period in wet condiment sales. The main places for buying these products are hypermarkets...
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Home delivery may become more expensive this year
In the 3rd quarter of 2017 prices were growing rapidly for postal and courier services in Hungary, by nearly 10 percent. According to Ádám Bengyel, the CEO of Hungary’s No.1 parcel...
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Trends in 2018 around the globe
At the end of 2017 Auchan opened several hundred 18m² self-service shops in China, which sell only 500 products – mainly fresh and food-to-go products. Shell and Costa Coffee have...
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Peer-to-peer retail’s influence on the FMCG sector
Digital peer-to-peer (P2P) retail is conquering Europe at an ever-increasing speed – reported Eurostat. Consumers more and more frequently use services that make the selling and buying of products or services...
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The most valuable international FMCG brands on the Hungarian internet in 2017
Neticle is a system that collects the occasions when brands are mentioned online and in social media, and analyses the opinions automatically. Relying on this Neticle has made two rankings: one...
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Trend cocktail – analysed, not forecasted!
One of the most influential factors in Hungary’s restaurant business is globalisation – in both the general sense of the word and in the culinary sector. Hungarian hospitality businesses must adapt...
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Crystal clean growth
Sales results of general cleaners from last year reveal that consumption habits are changing. According to Franciska Marton, brand manager of Henkel Magyarország, sales of bathroom, toilet and window cleaners grew...
Read moreCP Contact: We buy more and more consciously
Consumer protection awareness was improved in the fourth quarter of 2017 and confidence in retailers also became slightly stronger compared to the previous quarters – tozsdeforum.hu quotes the current values...
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Agricultural Marketing Center: fish consumption should be increased by 20 percent by 2023
Végvárné Henter Lilla, spokeswoman of the Agrármarketing Centrum (AMC) said on Friday at a press conference in Budapest at the Sirha International Food and Horeca Trade Fair that the campaign...
Read moreKSH: Foreign trade surplus decreased to 8.2 billion euros in 2017
The Hungarian foreign trade closed last year with a surplus of 8.234 billion euros, which is 1.487 billion euros less than in the previous year, according to a first estimate...
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Egyre népszerűbb a mangalica és sikeres a sertéságazat is
Egyre népszerűbb a mangalica és sikeres a sertéságazat is, ami az agrártárca által az elmúlt években bevezetett intézkedéseknek köszönhető, így például a sertésstratégia és az állatjóléti, tenyésztésszervezési támogatások egyaránt hozzájárultak...
Read moreThe European Parliament is discussing the report on honey at the end of February
The European Parliament (MEP) will discuss the report on MEPs’ plenary session on 28 February, and the MEPs will vote on this document on 1 March – Erdős Norbert, MEP...
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Magazine: Less money available to pay workers for extra hours
In the last four years those who work in retail trade did 30 percent more overtime. Meanwhile the salary costs of employers increased by 40 percent, HUF 180 billion – informed...
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The Széchenyi Program Office supported the delivery of 1000 billion HUF EU funds
The Széchenyi Program Office contributed in the delivery of 1000 billion HUF EU funds, which is about 40 percent of the 2488 billion HUF EU subsidy allocated to the Hungarian...
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Hundreds of thousands of fake chocolates were seized by the financiers
More than 30 million HUF worth fake confectionery were seized by the financiers near Lajosmizse – the National Tax and Customs Administration (NAV) informed MTI. Fehér Andrea, the press officer...
Read moreGerman foreign trade broke all records last year
The value of Germany’s exports and imports has risen to all time record level last year, reflecting the strong growth of the German economy and the world economy. According to...
Read moreRetail sales grew by 5.6 percent in 2017 in the Czech Republic
In the Czech Republic, retail sales grew by 5.6 percent in a year-on-year comparision, according to the Czech Statistical Office (CSÚ). Calendar effect adjusted (two workdays less than in 2016)...
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