Market News
Sixty-seven million HUF worth counterfeit shoes were seized by the finance guards
Date: 2015-03-12 11:05:35
About 67 million HUF, fake branded shoes were found by the finance officers in a Hungarian lorry near Rajka – the National Tax and Customs Administration (NAV) told MTI on...
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Something has to be done to increase sales
Date: 2015-03-12 10:57:42
Social and political changes both have their influence on consumer behaviour. When sales in a certain category or of a brand start falling, market players realise that something has to...
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Hypermarket
Date: 2015-03-12 08:01:33
There are 170 hypermarkets in Hungary and between December 2013 and November 2014 they sold more than HUF 400 billion worth of grocery products in the 90 categories audited by...
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Magazin: Global consumer trends in 2015
Date: 2015-03-11 12:47:47
In January 2015 Euromonitor International’s webinar series was trying to find the answer to the question: How the combination of the ‘real world’ and online solutions influences shopping decisions? 1....
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The rebound in household consumption may increase imports
Date: 2015-03-11 11:40:30
Analysts interviewed by MTI told that due to the stronger household consumption, they expect a stronger growth in imports. According to the Central Statistical Office’s (KSH) first estimate released on...
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KSH: foreign trade surplus may be close to 700 million euros in January
Date: 2015-03-11 11:35:57
In January, the export surplus increased to 691 million euros from the 345 million euros of December and was 184 million euros higher than the previous year’s 507 million euros...
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The elimination of the avian flu epidemic cost about 200 million HUF in Füzesgyarmat
Date: 2015-03-11 11:18:00
More than 161 thousand ducks were killed in Füzesgyarmat, due to the detected avian influenza virus. The elimination of the epidemic cost about 200 million HUF – the Ministry of...
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The new market in Budafok is under construction
Date: 2015-03-11 11:12:02
The construction of the new market has started on Wednesday in the middle of the 22nd District. Karsay Ferenc (Fidesz-KDNP), mayor of the district informed MTI that the old market...
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A biologist was managed to cultivate truffles in Britain
Date: 2015-03-11 11:10:04
The first truffle to have been cultivated on UK soil has been harvested from a field in Leicestershire, according to a plant biologist. Dr Paul Thomas planted the fungus on...
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Contaminated foods were seized in a plant in Tolna county
Date: 2015-03-11 11:05:26
The National Food Chain Safety Office (Nébih) seized one hundred tons of unknown origin, unmarked, contaminated food products, mainly vegetable flour in a plant in Tolna county. The NÉBIH in...
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The living dead: How the burnout syndrome keeps taking lives?
Date: 2015-03-11 09:55:57
Many people suffer from burnout and this illness signals that it is time one made changes in their life! We could say that untreated distress is the mother of the...
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Joining forces to help people living with flour sensitivity
Date: 2015-03-11 08:30:44
A new European Union directive entered into force on 13 December, which makes it compulsory to inform consumers properly about the food they buy. This detailed information providing also includes...
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The Food Act to be amended
Date: 2015-03-10 12:00:39
The amendment proposal of the act on the food chain and about its control is ready. According to the amendment it will be possible to appeal against the alleged classification...
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Online retail trade grew by 13 percent last year
Date: 2015-03-10 11:55:35
The domestic online retail sales increased by about 13 percent to 230 billion HUF last year, compared to the previous year. The sales of the six most important sectors increased...
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KSH: consumer prices fell by 1.0 percent in February
Date: 2015-03-10 11:45:02
The consumer prices fell by 1.0 percent in February, compared to the same month of 2014, while compared to the previous month, consumer prices increased by 0.5 percent for the...
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SME investment willingness is uncertain
Date: 2015-03-10 11:30:04
The investment willingness of the SMEs declined again. At the end of the year, 56 percent of the CEOs planned some improvements. This seems to break the positive upward trend....
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Fazekas: the proportion of Hungarian products has increased in the domestic market
Date: 2015-03-10 11:29:39
The demand for Hungarian food products has steadily increased in the domestic stores. The proportion of Hungarian products in 2010 was 75 percent on the market, it has now grown...
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The EP accepted the cap on credit and debit card fees
Date: 2015-03-10 11:25:24
The European Parliament has backed a deal to cap the fees retailers pay to process debit and credit card transactions, which EU officials say will mean savings for customers. Use...
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Manpower: 18 percent of the employers plan recruitments
Date: 2015-03-10 11:24:38
According to Manpower’s recent representative survey, eighteen percent of the employers plan to increase staff in the next three months. The highest recruitment rate is experienced in the construction and...
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The soft wheat crop may be smaller this year in the EU
Date: 2015-03-10 11:22:44
The European Union’s soft wheat harvest this year will be 141.5 million tonnes, lower than last year's record of 148.2 million tonnes, when the weather was very favorable. The European...
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What can we expect from the Hungarian economy in 2015?
Date: 2015-03-10 08:54:32
Hungarian daily Világgazdaság organised an economic conference, titled ‘2015: restructuring markets, new owners’, where experts discussed the state of play and the challenges of 2015 in Hungary. The conference started...
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Grocery retail sales augmented in both value and volume
Date: 2015-03-10 08:44:38
Between December 2013 and November 2014 value sales in grocery retail increased by 5 percent and volume sales expanded by 4 percent. Products in the 90 grocery categories audited by...
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Sales of household chemicals and cosmetics keep growing
Date: 2015-03-10 08:42:30
In the January-October period of 2014 retail sales of household chemicals and cosmetics represented a value of HUF 270 billion, 6 percent more than in the first ten months of...
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PL buyers sense an improvement in product quality
Date: 2015-03-10 08:40:02
The majority of Hungarian consumers think positively of retail chains’ private label (PL) products. 72 percent of buyers sense an improvement in the quality of PL groceries and household chemical...
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Early winter minuses in consumer prices
Date: 2015-03-10 08:36:23
In December consumer prices were 0.9 percent lower than one year ago. Compared with November 2014, consumer prices fell 0.7 percent on average, and groceries cost 0.7 percent less in...
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Europeans are more satisfied with online purchases than in-store purchases
Date: 2015-03-09 11:45:38
Eighty percent of Europeans are satisfied with online shopping, while only 67 percent of them are satisfied with offline in-store purchases – the latest UPS representative survey reveals. The research...
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GDP grew in last year's fourth quarter in the EU
Date: 2015-03-09 11:40:13
The joint gross domestic product (GDP) of the European Union (EU) Member States increased by 0.4 percent in the last quarter of 2014, compared to the previous quarter – Eurostat...
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Bisnode: every third CEO is a woman in Hungary
Date: 2015-03-09 11:21:40
In Hungary, 32 percent of CEOs are women, however, as the firm size increases, the importance of their positions in leadership is decreasing – the Bisnode business information provider’s analysis...
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A dangerous pest appeared in Europe
Date: 2015-03-09 11:05:05
The European agriculture is threatened by a plant louse that can cause significant damages to the corn and rice cultivation. The plant louse probably absorbed through North Africa – and...
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The highest bread prices in Ukraine can be found in Transcarpathia
Date: 2015-03-09 11:02:25
The price of bread increased dramatically, by about 80 percent, in the last two weeks, in Transcarpathia. The Ukrainian currency, the hryvnia is continuously loosing its value, compared to foreign...
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