Market News
Increased share for drugstores
In the first four months of 2015 Hungarian consumers spent HUF 4 billion on toothpaste, 3 percent more than in the same period of 2014. Volume sales didn’t change if...
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GKI-Erste economic sentiment index at its peak this year
In August the GKI-Erste economic sentiment index adjusted for seasonal effects increased slightly over July and reached this year’s peak. The previously measured positive sentiment prevailed among companies and households,...
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Hungary's food-retail is on podium
The value and volume of food-retailing in Hungary has increased more than the European average during the second quarter, compared to the April-June period of the last year. In terms...
Read moreThe VAT fraud may reach 1,000 billion HUF
In Hungary, approximately 1,000 billion HUF VAT is cheated every year, while the rate of tax evasion can reach 22-25 percent of GDP – Farkas Gábor, Manager of PwC drew...
Read moreMore wine in the cellars than last year
The amount of new wine this year may exceed last year's harvest – the National Council of Wine Communities (HNT) estimates. According to the predictions of the National Council of...
Read moreBeekeepers will close a good year
This year’s honey harvest will be one thousand tonne more than in 2014, despite the drought and the extremely hot summer – Napi Gazdaság wrote. Although the volume of sunflower...
Read moreThe GMO-free product indication comes during the autumn
According to the Parliamentary Minister of State of the Ministry of Agriculture, the legislation that allow the marking of the GMO-free products may be issued during the autumn. Nagy István...
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The EU support of the SMEs may reach 3-4 percent of the GDP next year
The amount of the European Union subsidies that the government will send to the small and medium-sized enterprises (SMEs) may reach 3-4 percent of annual GDP next year – Karsai...
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All the examined face creams were corresponded to the consumer protection checks
All the 20 kinds of face creams have passed on to the consumer protection test, carried out by the National Consumer Protection Authority (NFH). The National Consumer Protection Authority (NFH)...
Read moreFrench wine producers expect average yield and very good quality
Because of the drought, the yield is slightly lower than last year, but the French wine producers expect very good quality wines this year. “Good vintage is expected this year...
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Euro Zone’s composite BMI indicates the continuation of the economic growth
The preliminary value of the Euro Zone’s composite BMI increased in August – the Markit Economics Economic Research Institute announced on Friday in London. The preliminary value of the Euro...
Read moreThe vote on the VAT rate cut was postponed in Romania
The Romanian government coalition postponed the parliament vote on the new tax laws on Monday, so therefore the convened extraordinary session was unnecessary. The parliament had to vote again on...
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Canned food: the opening goes well
Canned food sales have been at a standstill for quite a while, but in certain segments several changes took place. Sándor Szórádi, the managing director of Szatmári Konzervgyár Kft. told...
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Increased significance for traditional shops
Retail sales of canned vegetables exceeded HUF 5 billion in the December 2014-May 2015 period. Value sales bettered by 4 percent but volume sales fell 2 percent. The market share...
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POP experience with the latest results
Bert M Ohnemüller founded the Neuromerchandising Group in 2010 in Frankfurt. They combine 30 years of POP experience with the latest results in neuromarketing, physiology and biology. In its work...
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Fresh product tracking in practice
GS1 Hungary and Metro Kereskedelmi Kft. have already introduced the GS1 DataBar system for fresh products. This barcode types contains much more information than ordinary barcodes and can also be...
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CatMan reloaded?
Many people think that category management (often abbreviated as CatMan) is a long and boring analysing process. Judit Hauber, senior client lead of dunnhumby told us that the general main...
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Shopper-centred merchandising
A large part of shopper decisions is made in-store, so how shelves are arranged and whether goods are in stock are very important: it is merchandising that decides what ends...
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Health isn’t tax-free
Fidesz MP Roland Mengyi has suggested that next year’s tax package should include new health screenings offered as benefits by employers tax-free. The MP thinks it is much cheaper to...
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Small segments are showing the big ones how to perform well
Last year coffee’s retail sales had finally grown once again, but by the beginning of this year this momentum was lost. NESCAFÉ’s brand manager Róbert Szuhai explained to our magazine...
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Slight change in the weight of bigger stores
Retail sales of coffee neared HUF 27 billion in the December 2014-May 2015 period. Value sales grew by 3 percent but volume sales fell 1 percent. Stores with a floor...
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The state assistance saved jobs in the meat industry
When the concerned local governments have invested into the meat plants of Gyula, Kaposvár and Pápa contributed to the retention of about 2000 jobs – the Trade Union of Meat...
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KSH: average earnings increased by 3.6 percent in June
Average earnings grew by 3.6 percent in June compared with a year before. Without counting the wages of the public workers the increase was 4.7 percent – the Central Statistics...
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The agriculture ministers of the EU will held an emergency meeting on milk prices
The agriculture ministers of the EU wild held an emergency meeting, due to the dairy market crisis leading to very depressed milk price levels – the European Commission announced in...
Read moreThe Romanian parties have agreed in a four percentage points VAT reduction
Following debates, the representatives of the main political parties of the Romanian Parliament have reached an agreement over lowering the general VAT level to 20 percent starting January 2016 and...
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Four cups of coffee a day can reduce the risk of colon cancer recurrence
Drinking more coffee may keep colon cancer from coming back, find researchers from the Dana-Farber Cancer Institute in Boston – the Daily MIrror wrote. “Observational studies of patients with established...
Read moreGerman consumer confidence declines
Market research group GfK released its consumer confidence index for Germany on Friday. German Gfk consumer confidence index fell to 9.9 in September from 10.1 in August. Analysts had expected...
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Dairy farmers are in big trouble
The Hungarian producers give the milk to the processors for a 75 fHUF per liter price that is below the cost price. Harcz Zoltán, executive director of the Dairy Interprofessional...
Read moreThe damage of maize growers may be up to 80-100 billion HUF
The extremely hot weather of the recent days and the subsequent storms caused damages up to 80-100 billion HUF to the maize growers – the President of the National Association...
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MNB: several thousand billion HUF worth resources were flowing to the domestic SMEs
Several thousand billion HUF of resources were flowing to the domestic small and medium-sized enterprises (SMEs) in the past. According to the comparative study of Hidasi Balázs, Plajner Ádám, Pulai...
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