Market News
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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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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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 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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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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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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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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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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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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K&H: they took out insurance for the micromobility devices for slightly more than HUF 6,000 per year
Since the introduction of mandatory insurance for micromobility devices, K&H has signed contracts for almost 6,500 such vehicles, including scooters, the financial institution announced. The average price of insurance is...
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Road to “economic neutrality”: service exports
Analysts regularly deal with Hungary’s foreign trade balance and its impact on the economy, but mostly the product foreign trade balance is discussed. At the same time, it is also...
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There are more professionals performing physical work available on the labor market
Sorry, this entry is only available in HU....
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Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will play an important role in economic recovery, and the government is therefore opening up new financing opportunities for them –...
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Lidl Switzerland exported 3,000 tonnes of cheese last year
Lidl Switzerland exported more than 3,000 tonnes of cheese in 2023, accounting for around 5% of Switzerland’s European cheese exports. Despite a general decline in Swiss cheese exports, Lidl’s sales...
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Organic or non-organic? – Don’t be afraid to ask!
It is the joint effort of the Union and the Hungarian government to increase the proportion of organic farming within agriculture as high as possible. Accordingly, more and more places...
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Nébih: the distributor recalled a picking shovel with holes
Due to the release of primary aromatic amines, HOUSEHOLD DEPO Kft. recalled a pick shovel with holes from the market – the National Food Chain Safety Office (Nébih) drew attention...
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Amazon launches climate label in Belgium and Sweden
Amazon is expanding its “Climate Pledge Friendly” to Belgium and Sweden, making it easier for customers to filter searches to highlight products with sustainable features. The new label, in the...
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Seven & I in talks over the sale of its supermarket business
Japan’s Seven & I Holdings has approached private equity funds and other parties about a potential sale of its Ito-Yokado stores and supermarkets, Bloomberg News reported, citing people familiar with...
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Mondelēz’ SnackFutures Ventures Acquires Minority Stake In UK’s Urban Legend
SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, Inc., has acquired a minority stake in Urban Legend, a ‘better-for-you’ fresh doughnut and pastry business in the United Kingdom....
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The size of the production area in the domestic tobacco sector has stabilized
The actors of the sector threw themselves into this year’s work with confidence, the spring precipitation in most of the production area was good for the plants at the beginning,...
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