News and articles
High interest expenses continue to burden Lidl’s profits
Lidl’s international business can slightly increase its profitability in the fiscal year 2023/2024. Skyrocketing interest expenses cancelled out improved gross margin and stable staff costs. Investments in new stores and...
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Eggs cost more than 17 percent less
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 21 percent to 57,000 tons in the first six months of 2024 compared to...
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Gergely Suppan: stable growth can start in the retail sector
The data of the last month are encouraging from the point of view that a stable growth can start in the retail sector – said Gergely Suppan, the chief economist...
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Within weeks, billions of euros in support will open up for companies starting to invest in green
The next application round of the European Commission’s Innovation Fund is expected to open in November this year with a budget of more than 3 billion euros. Businesses starting a...
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The market for used products is booming
Two-thirds of the adult Hungarian population bought a used product, primarily with the intention of saving money. Reacty Digital’s research into the market for used products revealed that here, too,...
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NGM: the popularity of the SZÉP card continued to grow in the summer
The results of the year 2024 also confirm that the SZÉP card plays a prominent role in the financial toolbox of Hungarian families, supporting their carefree rest, while also strengthening...
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A challenging market: why is it difficult to sustainably grow sweet potatoes in Hungary?
Although the popularity of sweet potatoes and the demand for them are constantly growing in Hungary, the domestic supply is not able to fully satisfy the needs. As a result,...
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Adaptation and renewal
Recent challenges have forced the domestic wholesale sector to keep adapting to market needs and economic changes. This article is available for reading in Trade magazin 2024/10 In addition to...
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Coca-Cola Hungary’s #énjövőm platform has published educational materials for developing resilience
Flexibility and adaptability are key in both work and private life. The just-published free learning materials of Coca-Cola Hungary’s #énjövőm program help users to strengthen these essential skills. Resilience, or...
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Primary producers can create their own official certificate
With the development of Nébih, starting this year, farmers can obtain the official certificate certifying primary producer activity from the electronic primary producer register (e-ŐCSI) with a few clicks of...
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The organizers of the GLAMOR days and Access4you are launching a joint program for more barrier-free shopping
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The new benchmark for vegan nutrition is purity and quality
BIOrganik Online Kft.’s story began more than two decades ago. BIOrganik hasn’t only expanded its product selection over the years, but also kept an eye on market demand. This article...
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Competition supervision proceedings were initiated against the Hungarian Energy Drinks Association for misleading consumers
The Economic Competition Authority (GVH) has initiated a competition supervision procedure against the Hungarian Energy Drink Association (MESZ), which is believed to have deceived consumers on its social media platforms,...
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Lucart received a maximum score for environmental protection from EcoVadis
For the third year in a row, the Italian paper company Lucart, which has a plant in Nyergesújfalu in Hungary, won the platinum rating from the independent agency EcoVadis. Platinum...
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In 2024 the growth of Hungarian e-commerce is already driven by import
This article is available for reading in Trade magazin 2024/10 When we talk about the “Hungarian e-commerce market”, it is important to add what we mean by “market”. A few...
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Carrots are expensive in Poland due to the poor harvest
In October, there was a significant price increase on the carrot market in Poland, after the Central Statistical Office (GUS) revised downwards its forecasts for this year’s crop Agrárszektor writes....
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Nestlé Hungária closed the first half of the year with a profit
Nestlé Hungária closed the first half of the year with a profit and growing revenue – read the report published on the website of the Budapest Stock Exchange (BÉT) on...
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Dramatic rise in cyberattacks: The Schwarz Group’s response
In 2023, the German economy was severely affected by cyber attacks, which caused nearly 300 billion euros in damage. The Schwarz Group, owner of the Lidl and Kaufland grocery chains,...
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K&H: young people seem more pessimistic when it comes to their salary
Among working young people, eight out of ten expect to receive a higher salary in the next period. At the same time, almost six out of ten, i.e. 58 percent...
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Changing banks can also help you prepare for Christmas
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Eroski customers saved more than EUR 33m in the first half of the year
With discounts on more than 5,700 products, Spanish retail chain Eroski has saved shoppers a total of more than EUR 33m in the first half of 2024. More than 50%...
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Penny invests into urban convenience
German discounter Penny is modernizing its store segment of small, urban discount stores. Updating towards a stronger convenience-oriented concept avoids a direct confrontation with channel leaders Lidl and Aldi. The...
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The company founded by the Hungarian 77 Elektronika Group started production in China
The 100% domestically owned 77 Elektronika Group, which develops and manufactures medical electronics products, made the first Hungarian investment in the machinery industry in China. In the future, the high-tech...
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Sales of Fairtrade products increased in Germany
Sales of Fairtrade products in Germany increased by 3% in the first half of 2024 compared to the same period last year, according to Fairtrade Deutschland Association. Banana, flowers and...
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Moët Hennessy invests in nonalcoholic champagne brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024. Moët Hennessy announced a significant minority investment in French...
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Cerbona Gingerbread flavoured limited edition granola 200 g
Enjoy the rich flavours of Cerbona’s latest limited edition Gingerbread flavoured granola! The unique combination of crunchy granola and gingerbread spices offers a special taste experience, which is perfect for...
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NGM: the review of Airbnb regulations will only affect Budapest
In connection with the announcement made by the 26 tourism organizations, the Ministry of National Economy (NGM) states that a housing problem has developed in Budapest, which particularly affects young...
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Russia’s X5 Retail Group Highlights Worker Shortage As Key Challenge
Labour shortages will be a major challenge for Russia’s largest food retailer X5 in the next decade, CEO Igor Shekhterman said, as he forecast sharp business growth over the next...
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KSH: retail turnover increased by 4.1 percent in August compared to the same period of the previous year
According to the raw data, the volume of retail sales in August increased by 3.2 percent, and adjusted for the calendar effect by 4.1 percent compared to the same period...
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The expansion of consumption has been unbroken for eight months, the growth of retail turnover accelerated to 4.1 percent in August
Based on the latest data from the Central Statistical Office (KSH), the trend of expansion of retail sales since January continued in August 2024, the Ministry of National Economy (NGM)...
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