Hungarian confectioneries in danger: what are the prospects?
An increasingly difficult time is coming for Hungarian confectioneries. Fewer and fewer people will be buying ice cream, and energy and raw material prices are skyrocketing. Cakes are already selling for gold in many places: what will happen next?
Price increases and rising overheads threaten businesses
Many businesses are looking for ways to save money. Still, however, most of them cannot avoid price rises, shorter opening hours or even partial or complete closure. More than 40 confectioneries have spoken to Pénzcentrum about the impact of the energy crisis, the weak forint, the rise in raw material prices and the fact that for some sections of the population it is slowly becoming a luxury to go to a confectionery.
These reports show that 8 out of 10 confectioneries are threatened by price rises and rising overheads. Almost all places are planning price increases in the autumn-winter period. But they fear that high prices will only deter more customers. Some bakeries now have to pay 5 or 10 times as much for electricity or gas.
Closures are expected in the near future
The majority of places already expect higher cost increases in the coming year. The smallest increase in costs that confectioneries expect is between 35 and 70 percent, according to the responses. Meanwhile, most expect an increase in expenditure of around 200-300 percent. It is not uncommon to see these places expecting a 6-fold or 10-fold jump in costs. 86 percent of the places surveyed feel threatened by the current situation. This means that, unfortunately, it is likely that a great number of the country’s confectioneries will close in the near future.
They are doing everything they can
Most bakeries also plan to fight rising overheads by modernising and saving energy. Many mention replacing their equipment with energy efficient ones, or optimising their refrigerators and heating. They will also aim for greater efficiency in their work processes, reducing energy consumption here too. Some will heat their premises to lower temperatures and many are planning to shorten opening hours. Some also mentioned saving on lighting and reducing storage capacity.
Read alsoHungary’s electricity production is in danger
Source: Pénzcentrum
We can’t let them DISAPPEAR.
Tradition, Tradition – what has Mother taught or Grand-Mother taught ?
Beautiful song – Tradition, from the musical Fiddler on the Roof.
Verse words :
“And who does Mama teach to mend and tend and fix,
Preparing me to Marry whoever Pappa picks ?
The Daughter, the daughter ! Tradition !
The Daughter, the daughter ! Tradition !
Traditions – like History;
It does not belong to us – we belong to it.
Traditions handed down over centuries – we have a responsibility to Up-Hold them.
In these Hardened & Challenging times – Traditions handed down to the daughters and sons – the Hungarian traditions – they must NEVER die nor disappear.
We belong to THEM.
2g of investment gold bullion is 46,900 ft in Budapest as I type. So tell me where cakes are being sold at that price per gram in Budapest.