News and articles

Wrangling about the profit

At the end of January the European Commission (EC) decided to go to court about the Hungarian rules for the retail sales of agricultural and food products – the EC’s...

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Turkey: EBRD loan for developing Migros

The European Bank for Reconstruction and Development (EBRD) has announced granting an EUR 60-million loan for modernising Migros stores in Turkey. Not only stores will be revamped from this sum,...

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Retail Decoded continues

Shop!’s podcast series already has six episodes: in the latest one Jean-Pierre Lacroix, president of the Toronto-based agency Shikatani Lacroix gives an insight into how artificial intelligence technology can be...

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nIm – milk in Klingonese

Fozzy Group, one of the biggest food retailers in Ukraine has opened a 1,170m² Star Trek-themed supermarket in Kharkiv. In the store product categories are also indicated in the Klingon...

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Lidl-Müller partnership in the United Kingdom

Lidl’s strategy heavily builds on British farmers, so two thirds of their products in UK stores come from local suppliers. Last year Lidl entered into a partnership with Müller Milk&Ingredients:...

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Unilever buys ‘Vegetarian Butcher’

Unilever has acquired Dutch ‘vegetarian butcher’ company De Vegatarische Slager. The Utrecht-based ambitious manufacturer of meat substitutes established 4,000 points of sale in 17 countries in 11 years. Their products...

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Continente launches electronic invoice in Portugal

Continente is the first food retailer in Portugal to have introduced e-invoicing: by using this service shoppers receive invoices via e-mail in real time, at the time of purchase. The...

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Magazine: Blockchain is waiting for retail to discover it

On 16 October the Budapest Chamber of Commerce and Industry (BKIK) organised a conference about the not yet utilised opportunities offered to retail by the blockchain technology. Zoltán Házi, the...

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Walmart tests self-driving cars

Walmart plans to speed up the home delivery of FMCG products by using self-driving cars – the model is being tested in Arizona, in cooperation with Udelv. In the current...

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Alibaba buys Berlin-based company data Artisans

Chinese e-commerce giant Alibaba Group paid USD 103.3 million for data processing and streaming company data Artisans, which has customers such as Uber, Lyft, eBay, Comcast, a Huawei and Kin....

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Two from three British shoppers chose Aldi or Lidl at Christmas

Two thirds of British households bought food and drinks in an Aldi or Lidl store before Christmas. According to the latest data from Kantar Worldpanel, almost all retail chains saw...

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Carrefour: new store format in Italy and Belgium

In Portogruaro Carrefour Italia debuts with a new hypermarket that aims at making shopping simpler: they sell organic fruits and vegetables supplied by local farmers, ready meals to go, there...

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British Co-op to open 100 new stores in 2019

Co-op is investing GBP 200 million in opening 100 new stores in the United Kingdom in 2019. The development programme will create 1,500 new jobs. These shops will open at...

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Leclerc and Carrefour: new pick-up locations for pedestrians

‘E.Leclerc Relais’ is the name of Leclerc’s latest, 7th pick-up location for pedestrians in Paris, which opened on 9 January. Carrefour has also announced that before the end of January...

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Tesco uses robots for home delivery

Teaming up with Starship Technologies, Tesco started using robots for home delivery in the United Kingdom: from a Tesco Extra store 1,000 products can be ordered, which are delivered in...

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Alibaba to build a trade hub in Belgium

Alibaba, the biggest Chinese online retailer is to build its own 220,000m² base in Belgium, close to the Liége airport – reported Handelsblatt. The company will invest at least EUR...

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More young people bought Christmas presents using apps

The latest report by Selectivv has revealed that more and more consumers are using some kind of smartphone app to buy gifts. In the last quarter of 2018 the number...

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Good performance from Amazon Web Services

Last year more than half of e-commerce giant Amazon’s revenue came from Amazon Web Services (AWS). Amazon launched this in 2006 to provide businesses with cloud-based IT services. In the...

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How does the introduction of Payment Services Directive 2 in 2019 affect retailers?

The European Union gave a green light to the Payment Services Directive 2 (PSD2) in November 2017, which is basically a collection of regulatory technical standards (RTS) enabling consumers to...

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There is no one to carry out the digital revolution

Digital transformation affects basically the whole Hungarian SME sector, but only a few of these companies can exploit the opportunity created by the digital switchover, because there aren’t enough experts....

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GKI: Real estate market races without braking

n January of 2019, the GKI real estate indices for Budapest and Hungary stood at 9 and 11 points respectively. Budapest index decreased by almost 2, the national index rose...

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Nielsen: manufacturer brands and discount stores are the most popular in retail

Manufacturer brands and discount stores were the most popular participants of retail in 2018, according to the retail survey of Nielsen monitoring 90 food and 80 household chemicals and beauty...

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We are running out of domestic potatoes

According to the Agricultural Economics Research Institute, 192.7 thousand tons of potatoes were produced on 8046 hectares last year. The average yield ranged from 13.4 to 50 tons – Világgazdaság...

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The Ministry of Agriculture is the partner of farmers in the apple issue

The Ministry of Agriculture (AM) wants to be a partner for apple growers to solve the apple market situation, but farmers need to decide how they want to produce in...

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KSH: the number of employed increased in the fourth quarter of last year

In October-December last year, the average number of employees was 4 million 481 thousand, 34 thousand more than a year before. The employment rate of 15-64-year-olds increased by 0.7 percentage...

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Hungarian wine producers closed a good year in 2018

Despite the extreme weather conditions, early harvest and yield restrictions, Hungarian wine producers closed a good year in 2018. The annual evaluation of the Dubicz Winery and Vineyard of the...

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More and more people are cooking pálinka at home

Hundreds of people bought the equipment needed for making home-made pálinka last year, so nearly 24,000 cauldrons have been registered by local authorities in recent years – Magyar Idők wrote....

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Pohner Ádám: The Hungarian team performed as it was planned at the Bocuse d’Or

“We were able to do everything we wanted,” Pohner Ádám, chef told MT, after Tuesday’s race day of the most prestigious chef competition in the world, the Bocuse d’Or. The...

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National Innovation Forum to start at 25 locations

The Ministry of Innovation and Technology (ITM) and the National Office for Research, Development and Innovation (NKFIH) to launch National innovation consultation series. The National innovation consultation series to take...

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Cash-saving program to be started at fifteen schools

With the involvement of fifteen educational institutions, a cash-saving school program will start for students and parents in the semester that is just starting – the Director of Education at...

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