Many countries are considering or have implemented taxes on high calorie, fat or sugar products in recent years, which could have a significant impact on chocolate sales, according to Euromonitor.
Hungary’s confectionery association Hunbisco says that the national tax on sugar puts a financial strain on confectioners to explore sugar alternatives.
Talks are under way in Hungary aimed at returning 50 per cent of
the country's sugar quota to the restructuring fund, in light of
the latest sugar reforms announced by the European Union.
Hungary's accession to the European Union has already led to
increased competition in the food industry there, prompting one of
the country's leading food manufacturers, Pick Szeged, to embark
upon a two-year restructuring...
Kraft Foods has said that it will close down its only production
facility in Hungary and move production elsewhere. The company has
hinted that production of confectionery and coffee could shift to
Slovakia and Austria.
