News and articles
Where do Hungarian shoppers gather information about beauty products before buying?
As buying habits are changing, brick and mortar stores are gradually strengthening their online presence. At the same time online shops are opening physical stores. Hungarian shoppers rely on the following sources...
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Food Bank collection point at the Budapest Wholesale Market
Budapest Wholesale Market has joined forces with the Hungarian Food Bank Association: from 21 June 2017 growers selling their produce at the market can give unsold produce to the association’s...
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New regional managers in Mastercard’s Budapest office
Recently two more Hungarian managers have been appointed regional executives at Mastercard’s Budapest office. Now three members of the team of experts, Szabolcs Kovács, István Maklári and Ádám Szőnyi are responsible...
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Green is this year’s hottest colour in the iced tea market
Hungary’s iced tea market expanded in terms of both value and volume last year. Although sales dropped in the first months of 2017 in comparison with December 2016, they were still...
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Thirteen new stores have joined the SPAR franchise
There are already 129 shops in the SPAR franchise, which give work to almost 1,500 people and generate HUF 30-billion sales – announced SPAR Hungary in a press release on 31...
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No bread will be broken
Early summer certain rules changed in the Hungarian Food Book, for instance the proportion of more expensive ingredients increases in breads. The big question is, will breads cost more for consumers?...
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Chinese investments
According to a study by Baker McKenzie, the value of Chinese acquisitions and greenfield investments doubled in Europe and North America in 2016. The Chinese invested USD 94.2 billion in Europe and North...
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Unilever acquires another company
Unilever has made public the acquisition of luxury cosmetics manufacturer Hourglass. Alan Jope, the president of Unilever’s personal care business told: they are very happy to have such a prestige...
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Tesco is back in the game
Tesco is becoming a key player in the UK again. This May they reported a 2.3-percent sales growth in Britain – the biggest increase in 7 years. The company’s spokesperson...
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Rapidly expanding German market
According to forecasts, by 2021 the German food market will be worth EUR 259 billion as the sector is expanding by 10.5 percent a year. IGD’s analysis has revealed that...
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Spar’s success: naturally
The Spar Natural store on Gran Canaria (Spain) has won the ‘Best retail outlet of the year’ prize of the National Association of Convenience Stores. Spar Natural earned this recognition...
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First in sustainable development
Coop Switzerland is the No.1 in the world when it comes to taking steps for sustainable development and shaping the company’s policy accordingly – says a German study prepared by...
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Auchan’s birthday
The ‘oldest’ Auchan store opened 50 years ago in Roncq, France. In 1967 there were 200 people working in the 6,000m² store. Today Auchan Roncq is the region’s top supermarket...
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Waste oil collected in Romania
Carrefour Romania has started collecting waste oil from customers, in order to reduce the chain’s ecological footprint. Shoppers can take back 1-4kg of filtered waste oil in transparent bottles. In...
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Online retailer to open brick and mortar stores
While retail chains are starting their online shops, e-commerce giant Amazon has bought its first brick and mortar grocery store network: the company acquired Whole Foods – which consists of...
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Hungarian Treasury: more than 440 billion HUF subsidies were paid to the farmers
On the basis of the single payment applications submitted by the farmers last year, 200 billion HUF was paid and the amount together with the advances was more than 440...
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The European Commission has extended its measures to assist fruit and vegetable producers
The European Commission has extended its extraordinary support for European fruit and vegetable producers who suffer due to the disadvantageous economic sanctions against Russia and has decided to secure another...
Read moreExcise tax on tobacco products has increased
The excise tax on tobacco products has increased: the minimum tax rate for cigarettes increased from 28,800 HUF to 29,200 HUF per thousand, while the minimum tax rate for cigars...
Read moreHarvest season started sooner because of the heat
Due to the warm weather in late May, the harvest season began earlier this year, with the harvesting of autumn barley and rape – Czerván György, Minister of State of...
Read moreTesco is co-sponsoring the Hungarian Food Banking Association
Tesco Európa, has announced a new charity action against food waste, whereby the Czech, Polish, Slovakian and Hungarian supermarkets support local food banks by selling selected products. In the action,...
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The Hell Group handed over a beverage can factory
Hell Group has set up an aluminum beverage can manufacturing plant in Szikszó, with a 30-billion-HUF investment. The 42,000 square meter can factory has a capacity of 1.2 billion units...
Read moreKSH: foreign trade surplus has decreased
In April, exports in euros were 1.9 percent lower than a year before, while imports dropped by 0.6 percent year-on-year, following a sharp rise of 19.0 and 21.3 percent in...
Read moreThe Galenbio Kft. is investing more than 550 million HUF on development
The Győr-Moson-Sopron County-based, Galenbio Kft. and its consortium partner, the Carlsbad Research Organization Szolgáltató Kft. won more than 330 million HUF EU support for the development of diagnostic kit. The...
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Félmilliárd forintból újítják fel a komlói vásárcsarnokot és piacteret
Félmilliárd forintból újítják fel a komlói vásárcsarnokot és piacteret, amelynek eredményeképpen több és színvonalasabb elárusítóhely jön létre – közölte a mecseki város önkormányzata az MTI-vel. A Terület- és településfejlesztési operatív...
Read moreThe amount of subsidies paid to agricultural farmers has increased by more than ten percent
Compared with last year, the amount of subsidies paid to farmers increased by more than ten percent in 2017 – according to the Veszprém county government commissioner. Takács Szabolcs said...
Read moreA vártnál jobban bővült a kiskereskedelmi forgalom Németországban
A vártnál nagyobb mértékben bővült a kiskereskedelmi forgalom Németországban májusban, a német szövetségi statisztikai hivatal (Destatis) pénteken közzétett kimutatása szerint a kiskereskedelmi forgalom árhatások kiszűrésével 4,8 százalékkal növekedett tavaly májushoz...
Read moreHarvest has begun
With the harvesting of the of autumn barley and rape this year’s harvest season in the country has begun. Experts expect crop yields lower than last year’s record levels for...
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The melon harvest starts at the weekend
The melon producers of Medgyesegyháza, Békés County begin start to harvest the melon at the weekend. The farmers questioned by MTI are expecting a good season. Cseh György a 13-hectare...
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