Market News

Nestlé launches new digital platform for young entrepreneurs

Nestlé has launched a new platform that collects all of the company’s innovation initiatives and programmes. The Nestlé Youth Entrepreneurship Platform (YEP) includes Nestlé R+D Accelerator, Purina Unleashed, and other...

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A positive aftereffect of the pandemic: Goods transport is booming

Klára Ráczné Hegedűs, corporate sales director of Hungarian Post told our magazine that e-commerce was expanding slowly but steadily in the first half of the year, but the slowdown in...

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Hungary’s digital food industry strategy has been published

As a result of thorough preparatory work, Hungary’s Digital Food Industry Strategy was completed and published. The birth of the strategy, like Hungary’s Digital Agrarian Strategy, was initiated and coordinated...

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Producer prices in the United States increased more than expected

In September, producer prices in the United States increased more than expected, according to the statistics institute of the Department of Labor in Washington, U.S. Based on Wednesday’s report from...

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Soaring egg prices force French food industry to change recipes

A more than doubling in egg prices in France due to soaring feed and energy costs and a lack of supplies after the worst ever bird flu crisis has prompted...

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WHC Group: for the time being, there is no noticeable decline in temporary employment

According to recent news, even at the highest levels of the government, unemployment is expected to rise sharply in the coming period, but there is still no sign of this...

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There will be enough fish for the necessary plantings and to meet Christmas needs

The extreme drought and the drastic rise in feed and energy prices presented the fish production sector with new challenges this year, despite this, according to professional organizations, there will...

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Agus battles inflation in Africa by providing a diversified milk powder portfolio

African countries are currently facing high inflation and prohibitive prices for imported goods. The milk powders offered by Agus that earned a reputation in the African market provide a solution...

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Carrefour Polska Launches New Vegan Private-Label Range Sensation Vegetal

Carrefour Polska has expanded its vegan offering with the launch of a new own-brand product range, Sensation Vegetal. The new brand is aimed at people who lead a healthy lifestyle,...

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SPAR Slovenia installs solar panels on logistics centre

SPAR Slovenia has put solar panels on the rooftop of its distribution centre in Ljubljana, as part of its sustainability initiative. The panels will produce approximately 16% of the electricity...

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MNB: due to food prices, inflation accelerated to a brutal extent

More than half of September’s inflation is explained by the rise in prices of food and regulated price products and services. The monthly increase in core inflation, calculated without processed...

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This is how customer habits have changed according to SPAR, Tesco, Penny, Auchan and CBA

We are not giving up anything, but people have started buying down and because of the high food inflation of 35.2 percent. More and more people are complaining that the...

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KSH: food prices rose by 3.5 percent in September, and by 35.2 percent in one year

In September, consumer prices were on average 20.1 percent higher than a year earlier. In the past year, the prices of household energy and food have risen the most, the...

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Toilet paper can even cost twice as much compared to last September

Hygienic paper products may double in price by the end of the year compared to last September, Vajda-Papír Kft. told MTI, adding that there is no need to fear a...

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For Czechs, meat went up by 23.6 percent, milk, cheese and eggs by 25.8 percent

In the Czech Republic, annual inflation rose to 18 percent in September after 17.2 percent in August. Inflation higher than this was last seen in December 1993, the Czech Statistical...

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Will the price of eggs continue to rise, or will it just become cheaper?

Based on a quick overview of Népszava, eggs were sold for 104-150 forints depending on size and quality in the larger grocery stores on Monday, but you can also get...

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Aldi also scraps best before dates on fruit and vegetables

Aldi has become the latest retailer to remove best before dates from around 60 of its private label fruit and vegetable products, in order to help fight food waste. As...

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Slower growth rate in e-commerce in the first half of 2022

Domestic online sales were worth HUF 570bn in the first six months of 2022, having grown by 14.5%. In the last two years the pandemic gave a boost to digitalisation,...

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Carrefour Italia opens first remodelled hypermarket

Carrefour Italia has started remodelling its hypermarkets in Italy and has reopened its store in Turin. The project seeks to provide a newer and more complete shopping experience, in order...

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Our country and Dunaföldvár have become the epicenter of European grain biorefining in the last 10 years

Climate change, food security, energy crisis. The world’s leading companies are constantly looking for solutions to this triple challenge in a constantly changing market environment. Europe’s largest biorefinery, Pannonia Bio,...

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Coop Sweden offers cheaper electricity to partners

Coop Sweden is partnering with Fortum, so that it can offer a lower electricity price to members, as well as the opportunity to earn points on their electricity use. The points...

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Walmart rolls out October holiday deals event

Retailers are offering early holiday deals to incentivize shoppers to make their holiday purchases well before Black Friday or Cyber Monday. Like Walmart, other retailers like Kohl’s, Amazon and Target...

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SPAR International Opens First Kazakhstan Outlet

Retailer SPAR International has announced the brand’s entry into Kazakhstan following the opening of the first EUROSPAR Supermarket in Almaty.   The license to operate the brand in the country...

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Ferrero UK rolls out new Tic Tac Fresh

errero UK is launching a new product range, Tic Tac Fresh, into grocery and convenience stores now, available in three flavours – Cool Cherry, Strong Mint and Grapefruit Mint. The...

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Railway freight traffic increased eightfold

While less goods were transported by road and water in the first half of this year than a year earlier, the railway maintained its performance, and the volume of pipeline...

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Growing demand for needles – increased controls

Due to the surge in needle thread demand across the country, deliveries also increased. In the spirit of this, the EUTR authority of the National Food Chain Safety Office (Nébih)...

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European customers are under pressure, but Christmas can be a ray of hope

According to two NielsenIQ studies, even though inflation has a strong impact on European shoppers, they are sticking to their Christmas shopping plans for the time being. NielsenIQ Consumer Insights’...

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Black Friday 2022: this is how our willingness to spend changes during the livelihood crisis

Despite the economic and livelihood crisis, half of the population plans to buy something during Black Friday. Hungarians would spend an average of HUF 41,000 during the pre-Christmas sales period,...

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How do online stores take advantage of this year’s peak season?

Inflation rates have skyrocketed, but this is not reflected in the decrease in the number of online purchases, claims Bogdan Colceriu, head of Frisbo. According to the CEO of the...

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42 percent of Hungarian SMEs do not have a sustainability plan – Generali’s EnterPRIZE program encourages good examples

The Generali Group recently published the first results of its SME survey with Bocconi University. While a quarter of businesses keep environmental and social sustainability aspects in mind during their...

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