Market News

Sixty-seven million HUF worth counterfeit shoes were seized by the finance guards

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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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