News and articles
First Auchan supermarket opens in Szekszárd
On 2 September Auchan Retail Magyarország opened their first Hungarian supermarket in Szekszárd. Mayor Rezső Ács and Auchan Hungary CEO Dominique Ducoux cut the supermarket’s ceremonial ribbon. The CEO told that opening...
Read more
Coca-Cola HB still leads the way in sustainability
Coca-Cola HBC Group, one of The Coca-Cola Company’s top bottling companies made it to the top of the Dow Jones Sustainability Index in the fourth consecutive year. The company’s score was 90 points...
Read more
COOP leaders receive the Hungarian Gold Cross of Merit
On behalf of the President of Hungary János Áder, on 20 August Minister for National Economy Mihály Varga decorated the following COOP leaders with the Hungarian Gold Cross of Merit:...
Read more
Hungarian chocolate among the world’s top 50 foods
The winners of the TOP50 FOODS prize were announced at this year’s Great Taste Award competition in London. Among them we can find chocoMe’s coffee-hazelnut chocolate called Raffinée. Hungarian product has never...
Read more
Extra hot flavours, extra high level of dedication
This year Gyulahús Kft. won the Hungarian Product Grand Prize for the 12th time – this time for their Gyulai extra hot sausage – we learned from marketing manager Éva Gila. This...
Read moreMeasuring the efficiency of print media in an integrated media plan
Brand Science has analysed cases studies by 500 companies from 13 countries. The studies examined the role of print media in reaching PROI targets (Revenue Return on Investment) – the PROI...
Read more
NAK focuses on the food industry
The Hungarian Chamber of Agriculture (NAK) has recently organised a conference on the production of alcoholic drinks, where the role of food processing in the chamber’s life was also discussed....
Read more
Establishing traditions with chocolate
Elemér Farkas, the founder of the Chocolate Museum informed that the museum is waiting for visitors with two types of interactive exhibitions in Budapest: The Praline Tour offers tasting and...
Read more
Coca-Cola’s good performance in Europe
In the first half of 2017 the sales revenue of Coca-Cola European Partners was USD 5.4 billion. Volume sales were up 3 percent and operating profit jumped 14 percent to...
Read more
Henkel’s improving sales
In the 2nd quarter of 2017 profits jumped 11 percent for Henkel. Like-for-like sales were up 9.6 percent at EUR 5.1 billion. CEO Hans Van Bylen told: organic growth was 5.2...
Read more
Rio Mare’s manufacturer keeps growing
Italian consumer goods manufacturer Bolton Group increased sales by 11.6 percent to EUR 1.96 billion in 2016. The company’s profit grew by 9.9 percent to EUR 210.8 million. International sales...
Read more
Ten times bigger sales in five years for Lidl in Croatia
While back in 2007 Lidl’s sales had been EUR 103.5 million, by 2017 this sum grew to EUR 540 million. A FINA analysis has revealed that Lidl was one of...
Read moreBad weather hits Italian winemakers
According to forecasts, 25 percent less wine will be made in Italy this year than last year. 41.1 million hectolitres of new wine will end up in the barrels. The...
Read more
Amazon’s price war with Walmart
In June Amazon acquired premium category food retailer Whole Foods. However, this step didn’t result in outperforming Walmart. An analysis by Bloomberg points it out that more than half of...
Read more
Pernod Ricard getting stronger
Jameson’s manufacturer Pernod Ricard is forecasted to increase sales by 3.6 percent to more than EUR 9 million in 2017. The company’s organic growth will be 3.3 percent. CEO Alexander...
Read more
Spar’s success in Central Europe
Spar opened 4 stores in Poland, in the autumn another 4 shop will start and in September a Eurospar supermarket opened in Kokoszyce. This year Spar appeared with 21 new...
Read more
Metro’s good 3rd quarter
German company Metro AG closed the 3rd quarter of 2017 with a 2.6-percent sales growth and a EUR 9.34-billion sales revenue. Member of the board of directors Olaf Koch told: in...
Read more
Auchan’s excellent performance
Auchan Retail’s parent company, Auchan Holding realised a record 2.1-percent growth in the first half of 2017 – sales revenue was EUR 26.5 million. Auchan Retail’s growth was also 2.1...
Read more
The first international retail chain in Belarus
Spar International has announced that by the end of 2020 they will open 60 stores in Belarus. Spar teams up with local group Almi, which has 43 shops at the...
Read more
Europe’s top retail chains
According to data from Euromonitor International, Western Europe’s leading retail chain is the German company Schwarz Group, the owner of Lidl and Kaufland. The survey examined retailers’ market share in...
Read more
Hungary’s retail trade went into turbo mode
In the 2nd quarter of 2017 retail value sales jumped 6.4 percent if compared with Q2 2016. This growth rate was much bigger than the 3.7-percent European average growth in...
Read more
We don’t trust mobile payment yet
Despite that fact that most smartphones are already equipped with an NFC chip, a representative survey conducted by GKI Economic Research Zrt. in July 2017 revealed that only 25 percent of...
Read moreThe domestic market is of key importance for large companies
According to Patrick Van Overloop, the head of K&H’s corporate customer business line, domestic demand has always been important for large Hungarian companies (those with annual sales above HUF 2...
Read more
Generation Y would use the mobile wallet
According to the latest research by Mastercard on the financial habits of university students (online questionnaire with 1,507 participants), members of Generation Y have close ties with the digital world...
Read more
Biometric bank card use is getting closer
After the first test in South Africa, Mastercard tested its biometric bank card in Bulgaria. The new technology combines chip reading with fingerprint identification. In a joint test project with UniCredit Bulbank,...
Read more
SMEs: an investment boom
The latest results of the K&H SME confidence survey have revealed that more than 70 percent of industrial and medium-sized companies plan to invest in development. Viktor Zoltán Kovács, the...
Read moreThe investment boom will continue
In the remaining part of 2017 the rapid investment growth is likely to continue. At the moment it seems that the growth rate of investments will be above 20 percent this...
Read moreHungarian consumer confidence is higher than ever before since 2009
In the 2nd quarter of 2017 the Hungarian consumer confidence index reached 70 points. In Europe this value was 85 points on average – revealed a 63-country study conducted by...
Read moreHegedűs-Hús expands production plant
By investing more than HUF 200 million, Hegedűs-Hús Bt. is expanding its meat plant in Tiszafüred by 500m². HUF 96 million from the project’s budget comes from the government. With this investment 40...
Read moreWe need to prepare for getting less EU money
It was revealed at a conference organised by HG Media Group that European Union funding was used more efficiently in the 2014-2020 period than between 2007 and 2013. It is noteworthy...
Read more