News and articles
Mastercard and Octet Europe enable European small businesses to thrive in the global economy
Today, Mastercard and Octet Europe announce the launch of a new trade solution across the European Economic Area (EEA). The Mastercard Trade Solution powered by Octet Europe helps small and...
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Global food markets still brace for uncertainty in 2020/21 because of COVID-19 says FAO
Food markets will face many more months of uncertainty due to COVID-19, but the agri-food sector is likely to show more resilience to the pandemic crisis than other sectors, according...
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The FMCG retailer ranking for 2019 is out – Lidl takes the second place behind Tesco
Every year Trade magazin publishes the FMCG retailer ranking of the previous year in the first days of June. The biggest surprise in the 2019 ranking is that Lidl climbed...
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25,000 stores are predicted to close in 2020, as the coronavirus pandemic accelerates industry upheaval
One result of the coronavirus pandemic could be as many as 25,000 store closures announced by retailers this year, as the crisis takes a toll on many businesses, and already has pushed...
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Mercadona Launches New Chocolate Range In Portugal
Spanish supermarket chain Mercadona has launched a high-cocoa chocolate SKU in Portugal as part of its Hacendado private label range. The Negro 99% tablet is produced locally by Imperial, and will...
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Return of instore promotions
Promotions are loved by shoppers. The events of recent months, the panic stocking up, out of stocks, the expansion of the sales area due to the social distancing, the time...
Read moreAt the peak of the exit restriction, the turnover of beer increased by one-fifth
In the “high season” of the curfew, ie in March-April 2020, the domestic retail turnover of beer exceeded 25 billion HUF, which represents an increase of 18 percent in value...
Read moreFruitVeB: this year’s cherry crop will be poor
Due to the spring frosts and drought, this year’s cherry harvest will be significantly lower, and the consumer price may be up to 20-30 percent higher than the average of...
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The rise in the price of food is pulling down the shopkeeper’s balance
According to checkout data, we left 6.3% less money in store cash registers in May than a year earlier. Thus, with a 10% decline in volume, April was the low...
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Auchan donated trust points to the National Ambulance Service
“Auchan Retail has donated 10,000,000 Trust Points to the National Ambulance Service because we know we can not only count on them during an pandemic,” the store chain said in...
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Global per capita global fish consumption set a record
Global per capita global fish consumption (20.5 kilograms) set a record last year and the positive trend seems to continue in the decade ahead, highlighting the prominent role of fish...
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How to adapt your skin back to sunlight
As we move towards summer, the number of hours of sunshine is increasing, so our skin is also exposed to more sunlight. The recent period may have made it difficult...
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The crisis constructions of the Széchenyi Card Program are changing
The crisis constructions of the Széchenyi Card Program will be modified at three points. The Széchenyi Card Overdraft Plus and the Széchenyi Card Job Retention Loan will continue to be...
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Office kitchen etiquette: tips for a safe lunch break
The kitchen is one of the busiest venues in the social life of the workplace, so at lunchtime it is worth paying special attention to the rules of hygiene and...
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This crisis will be different – A comparison of the crisis caused by the coronavirus with the global economic crisis
The coronavirus epidemic is now on the verge of being over and some positive signs are already being seen. In China, for example, there are hardly any new infections and...
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The OECD expects the strongest economic downturn in peacetime in the last century
The world economy will suffer its strongest decline in peacetime this year as a result of the coronavirus pandemic, before returning to a growth trajectory next year, according to the...
Read moreLondon analysts: British GDP could fall by 18 percent in April
Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic. The British Bureau of...
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EU Member States lose 15 billion euros a year due to counterfeiting
Counterfeiting has cost more than 83 billion euros to legitimate producers worldwide, with EU Member States losing 15 billion euros a year between 2013 and 2017 – according to the...
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After seven years of steady growth, a decline in retail
The continuous growth in retail trade, which had lasted for seven years, was interrupted after, according to the Central Statistical Office (CSO), the volume of store sales fell by 10.2...
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New leaders at Nestlé
From August, Alberto Vercelli, who previously held the position of business leader in the South American region, will take over the management of Nestlé’s Hungarian Nespresso business. At the same...
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Almost a third of SMEs are unaware of the latest billing rule changes
The rules related to invoicing will change from July 1, and Számlázz.hu conducted a representative survey by interviewing SMEs and sole proprietorships. Among other things, the survey found that manual...
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This is what is most expensive among foods
In May 2020, consumer prices were on average 2.2% higher than a year earlier. Over the past year, the prices of food and spirits and tobacco products have risen significantly....
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Henkel joins major global climate advocacy effort
Henkel is among 155 major global companies from 34 sectors, which have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with...
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Lidl celebrated its 15th anniversary last year
Last year Lidl celebrated 15 years in Hungary. Right now the discounter has 3 logistics centres and 182 stores, and it employs more than 6,000 people. Almost 60 percent of...
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Edeka Adds New Products To Its Private-Label Brand Mìng Chú
German retailer Edeka has added new vegan products to its private-label Asian food brand, Mìng Chú. The range offers authentic taste and flavour of far eastern cuisines from China, Indonesia...
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Packaging Industry ‘Susceptible, But Not Immune’ To COVID-19 Disruptions: Moody’s
A new report by Moody’s has found that the packaging sector in Europe by and large has had low exposure to the COVID-19 pandemic, although some companies are more vulnerable...
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Brazil’s Mercado Extra To Open 50 New Stores In 2020
Brazilian retail group GPA is planning to open 50 new stores under the Mercado Extra format by the end of 2020.The new supermarket format, launched two years ago, already boasts...
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