News and articles
Morrisons cuts the prices of 400 essential products
On account of the recent recession and the resulting pressure on British households, Morrisons slashes the prices on 400 essential products by an average of 23 per cent. The price...
Read moreConsumers continue stockpiling cheap products
EY has made an international study with more than 14,000 participants, which reveals that 41 percent of people still don’t like to leave their homes and 45 percent stockpile the...
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Global trade of agricultural products doubled in 20 years
According to FAO’s latest Report on the State of Agricultural Commodity Markets, the value of the global agri-food trade grew to USD 1.5 billion, i.e. more than doubled between 1995...
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GKI forecasts a 7-percent GDP drop for 2020
After the 6.1 percent decrease in the GDP in the first half of 2020, for the second half of the year, GKI forecasts an 8 percent decline in the gross...
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Budapest Wine Festival Limited
Budapest Wine Festival is 29 years old this year. Despite the pandemic, the organisers made it possible for a few hundred people to open the season in the company of...
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Sainsbury’s rewards fruit and vegetable purchases
In its “Great Big Fruit and Veg Challenge”, Sainsbury’s urges customers to buy more fruits and vegetables by providing them in an app with targets customized to their shopping habits....
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Heineken switched to green energy in the Netherlands
Striving to become climate-neutral by 2030, Heineken has been brewing beer for the Dutch market using 100 per cent green energy since July. The company considers green energy an indispensable...
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Unmanned digital supermarkets transform rural Sweden
The Swedish supermarket startup, Lifvs opened 19 unmanned stores in villages and towns of Sweden where grocery stores shut down in the past decades. Lifevs plans to have bigger clusters...
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Lidl Plus app made available across Germany
After a successful trial in which customers had access to instant prizes, digital recipes and other features, Lidl rolls out its Lidl Plus app in all its stores across Germany....
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Kraft Heinz set to sell parts of its cheese business to Groupe Lactalis
For 3.2 billion dollars, Kraft Heinz Company sells parts of its cheese business to the US affiliate of Groupe Lactalis. The transaction is expected to close in the first half...
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Carrefour Poland introduces Click & Collect service for groceries
Customers of Carrefour Poland may also opt for click&collect service when placing a grocery order on carrefour.pl site. The orders are picked by the staff of the store selected from...
Read moreTesco asks customers to weigh their food bins
Coupling up with Hubbabb, Tesco launches a 6 week trial project aimed to make British households reduce the food waste of 6.6 million tons they produce a year. Shoppers are...
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Aldi tests click-and-collect service in the UK
German discounter, Aldi trials click-and-collect service in the UK for the first time. When ordering, shoppers can reserve time slots for pick up in the nearest store, where they receive...
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Nestlé remains the most valuable food brand of the world
According to the Brand Finance Food&Drink 2020 Report, Nestlé has retained the title of the world’s most valuable food brand after its brand value increased by 3 per cent. The...
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Co-op opens more than 65 new stores and creates 1000 new jobs
As part of its expansion scheme, Co-op plans to open over three new or extended stores a week until December with over 100 additional sites receiving major refurbishment. The step...
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Through the eyes of the researcher
Dr. Gedeon Totth, head of the Marketing Department at the Budapest Business School and tutor of Borkollégium talked about the latest trends on the Hungarian wine market: A shift in...
Read moreNearly half of Hungarian websites aren’t secure
Usernet has analysed more than 75,185 Hungarian websites and found that 34,000 of them aren’t secure. These are still using HTTP connection without any kind of encryption. Google checks whether...
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Extraordinary general meeting
POPAI Hungary Association held its annual general meeting online. The award ceremony of the Hungarian leg of the Shop! Global Awards contest was also part of the programme. Members first...
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Mastercard’s instant payment service is ready to take off
At the end of August Mastercard announced the Hungarian launch of its Pay by Account service. As of 1 January 2021 a law that has been passed recently makes it...
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Official social media page for Hungarian wines
The Agricultural Marketing Centre (AMC) and the Hungarian Tourism Agency (MTÜ) have teamed up to start collective wine marketing activities in social media, under the ‘Wines of Hungary – Personally’...
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Protection for Hungarian wines
Adulterated wines from outside of Europe that turn up in European shops harm the sales of Hungarian wines very much. It is the national economy’s interest to protect Hungarian wines...
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Coronavirus pandemic generated record-level sales growth in e-commerce
According to a joint survey by GKI Digital and Árukereső.hu, in the first six months of 2020 domestic online sales exceeded gross HUF 355 billion, which constitutes a 35-percent growth...
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Shopping experience and stable operation is the key to success in e-commerce
Between mid-March and the end of April more than 50,000 new shoppers appeared in e-commerce, while the average order value and the number of basket items both grew – reveals...
Read moreExperience, but a frustrating one
For 58 percent of the nearly 3.5 million online shoppers shopping in the digital space is a frustrating experience – reveals the Mastercard-commissioned Payment Experience Report. The report points out...
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Hungarian products promoted on Coop Days
On the COOP Hungarian Day events of Tisza-Coop Zrt. the products of Prima Maroni Kft., Ceres Zrt., Abonett Kft., Gyulahús Kft. and Sofidel Hungary Kft. were in the spotlight. Tisza-Coop...
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New owners at Gallicoop
Three Hungarian private equity funds, Takarék, Béta and Status Food have become the 100-percent owners of Gallicoop Zrt., the company announced in a press release on 11 September. The new...
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Lidl committed itself to reduce the use of microplastics
Beyond the consistent work to reduce the use of microplastics in its private label products, Lidl has set itself in a statement to eliminate the use of microplastics in the...
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Mountain villages: there will be less wine this year, but can be an excellent vintage
This year, the harvest began in all wine regions later than last year, with 15-20 percent yield loss expected for varieties affected by drought and spring fros – Légli Otto,...
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Trend change is around the corner in freight transport
The pandemic is likely to generate a trend change in freight transport: while Hungarian – mainly international-destination – road transport produced a major drop in the first half of 2020,...
Read moreOnline marketplaces can save Hungarian businesses
During the pandemic, more than a third of SMEs increased their sales in online marketplaces, according to representative research by GKI and eMAG. The survey examined, among other things, how...
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