When introducing a product during a recession, a company has to take on a few extra challenges. A Nielsen study conducted in the USA revealed that these days investing into innovation has to be prepared more thoroughly than before. As part of a 58-country survey (in the 3rd quarter of...
A blueprint of the government’s actions for the 2014-2018 period. You can download the report from here.
Greek retail sales decreased significantly in December as a result of the government’s austerity measures. According to the datas of the Greek statistical office; retail sales in December fell by 8.5 percent in amount on an annual basis. Even greater decline occurred in November. The decline was 16.7 percent, while...
After a recession of about 1.5 per cent in 2012, no growth can be expected in Hungary in 2013 either. Inflation will slow down significantly. The main purpose of the government, that is, avoiding the excessive deficit procedure, is getting more and more at odds with the launch of an...
In the United States numerous restaurants, cafés and pizzerias do not accept debit card payments any more, because the 5-percent commission fee of bank card companies is too big a burden for recession-struck owners. • At the hot dog eating contest on Coney Island, supporters were blowing vuvuzelas and Procter...
In the United States numerous restaurants, cafés and pizzerias do not accept debit card payments any more, because the 5-percent commission fee of bank card companies is too big a burden for recession-struck owners. • At the hot dog eating contest on Coney Island, supporters were blowing vuvuzelas and Procter...
Italian households purchase the half the amount during winter price reductions as the economic crisis began. Experts say the government’s austerity measures have led to a reduction in consumption. According to the Italian consumer protection authority’s estimations an average of 224 euros (ie 65 thousand HUF) will be spend by...
It is worth following the changes fast food restaurants have gone through recently. What is most striking is that they are rapidly adapting to changing trends and consumer habits. Consumer expectations do not concern restaurant types but the services they provide, which trend leads to some kind of convergence in...
The meat companies of Gyula and Kapuvár are on the edge of bankruptcy, Gallicoop wich had a 1.5 billion HUF profit last year, will also produce loss this year. The meat industry is in trap: the industry participants are forced to raise prices, due to the increasing feed prices, which...
The domestic hotel industry seems to ignore the economic crisis: The capacity expansion exceeding the demand for years. This will be resulted in modest profitability, low room rates and tragic occupancy datas. According to the datas of the Hungarian National Tourist Office, in the first seven months of this year,...
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