Market News
Retail sales decreased in the euro area and the EU in February
Retail sales in the euro area and the European Union fell in February, both monthly and year-on-year. The statistical office of the European Union, Eurostat, announced on Tuesday that in...
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The increase in food prices and the price cap were the main topics at Tuesday’s session of the Parliament
The speeches before the agenda at Tuesday’s session of the Parliament also talked about the increase in food prices, energy prices and the state of emergency. Dániel Z. Kárpát (Jobbik)...
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This is the most popular beer skate, but it is only now being cultivated again here
The peanut or American hazelnut (Arachis hypogaea) is popular among beer skaters, but after 70 years it has only just started to be cultivated again in Hungary. Nowadays, however, its...
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Deloitte: This year, the total value of commerce in social media may reach one trillion dollars
This year, the total value of trade in social media may reach one thousand billion dollars, and the number of customers may reach 5 billion, Deloitte told MTI. The international...
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Will this happen in Hungary, too? Convenience stores without staff are taking over in Germany
A Hungarian TikTok user showed how unmanned stores work in Hünfeld, Germany. You can see from the video that there is really no one in the store, whose door does...
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The Czechs would raise the VAT rate on beer, there is great indignation
For the time being, there is a lively discussion in the five-party coalition about the plan of Czech Finance Minister Zbynek Stanjur, which would transform the entire tax system. Among...
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Aldi Reaches 400 Stores In Spain, Plans 50 Openings In 2023
Aldi has reached the milestone of 400 stores in Spain, with the opening of a new supermarket in Valencia. The new outlet is Aldi’s sixth opening so far this year...
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A surplus of 513 million euros was generated in foreign trade
A surplus of 513 million euros was generated in foreign trade in the second month of the year, which exceeded expectations, mainly thanks to the reduction in energy prices. Partly...
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Recruitment Trends: finding the right candidate for a high-ranking position or a position requiring special skills is a huge job
Finding the right candidate for a high-ranking position or a position requiring special skills is a long, laborious, time- and energy-consuming process, which is why the time of recruitment processes...
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Nike tops list of teens’ fave clothing, footwear brands
Teen self-reported spending was up 2% year over year, with males lead the growth in spending with an increase of 6%, according to Piper Sandler Companies 45th semi-annual “Taking Stock...
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Italian Sofidel to acquire Hakle
The shares and brands of German toilet tissue manufacturer Hakle Markenhaus GmbH, which became insolvent in September 2022 due to the energy crisis, could soon be owned by Italian family...
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The international crop price index has been in decline for a year
With the March result, the index of international food prices has been falling for 12 months, thanks to the low world market prices of cereals and vegetable oils, the Food...
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NAV found untaxed cigarettes and brandy in the possession of a Bulgarian driver near Nagylak
The National Tax and Customs Administration (NAV) reported to MTI on Tuesday that the employees of the NAV found cigarettes without Hungarian seal hidden in zip-lock bags and smuggled brandy...
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FAO: Global food prices fell in March
According to data published on the website of the Food and Agriculture Organization of the United Nations (FAO) on Friday, the overall price index was 126.9 points in March, which...
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Circana: retailers have launched fewer new products in recent years
Due to the pandemic and the war, the retailers are on the safe side, they do not dare to come up with new products for the time being. It’s true...
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An oversupply and a new plant disease threaten this year’s tomatoes
Hungarian growers have no experience with the bacterium Ralstonia pseudosolanacearum yet, according to Nébih, its spread can lead to a 100% crop loss, while earlier concerns of oversupply were also...
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Community and partnership
These two answers proved to be the biggest winners in the quiz game organised at the marketing forum of Hungarian Product Nonprofit Kft. Participants had to answer the question: What...
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KSH: turnover of retail stores decreased by 10.1 percent in February
In February 2023, according to raw and calendar-adjusted data, the volume of retail trade decreased by 10.1 percent compared to the same period of the previous year, the Central Statistical...
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Retail sales in Romania increased by 3.9 percent in the first two months
In the first two months, according to raw data, the volume of Romanian retail trade increased by 3.9 percent compared to the same period last year, the Romanian National Statistics...
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Retail sales in the Czech Republic also decreased in February
On an annual basis, retail turnover in the Czech Republic also decreased in February, the rate of decrease was 6.4 percent, lower than January’s revised 6.8 percent. In a monthly...
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Walmart to increase the number of its health centre locations in 2024
Walmart will open 28 new healthcare centres in the United States next year; the first ones will be in Missouri and Arizona. By the end of 2024, the nation’s largest...
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Germany’s REWE and Montenegro’s Voli plan to buy Slovenia’s Tuš
Tuš is Slovenia’s fourth biggest grocery retailer and now two retail chains have plans for acquiring it. One of the potential buyers is Montenegrin retail chain Voli, the largest employer...
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Waitrose turn surplus food into animal feed
Waitrose has a new initiative to turn surplus food unfit for human consumption into animal feed, contributing to the reduction of food waste. This will take the form of a...
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Alnatura: home delivery in Germany
Several hundred Alnatura organic products are now available via the Flaschenpost online shop and home delivery service too – announced the Darmstadt-based organic product retailer. At the start of the...
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German, Italian, Dutch, French, Irish, Spanish, Danish, Portuguese and Turkish winners at the European Private Label Awards
Altogether 16 retailers from 9 European countries have been named as the winners at the 2023 European Private Label Awards, which celebrate excellence in private label product innovation. The competition...
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Agroforum: due to the mild winter, fungal infection threatens the wheat and barley stocks
The causative agents of some fungal diseases – cereal powdery mildew and septoria leaf spot – remained intact due to the mild weather of the past winter, so they may...
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A kilo of foiled strawberries is expected to be around HUF 7,000
Although the price of Greek strawberries is currently around HUF 1,700, and a kilo of less ripe Hungarian strawberries ranges between HUF 2-3 thousand, we already know that foil strawberries...
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Hungarian Confectionery Industry Association: HUF 450-500 ice creams are coming
The industry expects a good ice cream season despite the fact that confectioners are planning a 10-15 percent increase during the season, so the price of a scoop of ice...
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Tegut To Acquire Organic Supermarket Chain Basic
German food retailer Tegut has announced plans to take over organic supermarket chain, basic, which it claims has run into ‘financial difficulties.’ Basic has over 19 outlets and employs approximately...
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Fanta is ‘bold not boring’ with first ever brand identity
Fanta has ensured its new look is “bold not boring” as it introduces its first ever global brand identity, created by Jones Knowles Ritchie, the design-led creative company to bring...
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