Market News

Cactus switches to more sustainable communication

Luxemburg-based retailer Cactus has announced a new, more sustainable marketing and communications strategy. From 1 September the new strategy will see the retailer announce more promotions through the Cactus app,...

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Shopify rolls out a new POS hardware

In an effort to take on PayPal and Square’s solutions on its mission to elbow into the bricks-and-mortar retail sector, Shopify has unveiled a new point-of-sale (PoS) technology. The new...

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Italian chocolate brand Pernigotti ends up at JP Morgan

Italian chocolate brand Pernigotti has been acquired by JP Morgan Asset Management, for an undisclosed sum. It was in 2018 that Pernigotti decided to cease production in its factory, which...

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Gorillas adds new private label products

In an attempt to become more profitable, quick commerce giant Gorilla has announced the expansion of its Gorillas Premium and Gorillas Daily private label ranges, The launch of the two...

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Carrefour stores sell vegetable-based beer in Poland

Carrefour Polska has launched a vegetable beer range in Poland, which it claims is a first of its kind in the country. Sourced from Nook Brewery, the vegan beer is...

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Nestlé: Vegan KitKat becomes available across Europe

Nestlé plans to introduce the vegan version of KitKat across Europe, following a successful pilot in the UK and some other countries. KitKat V is made in Hamburg and it...

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These changes are needed in retail to succeed

In one of Deloitte’s latest studies on the prospects of the retail sector, published in 2022, the authors analyze the opportunities and challenges facing the industry based on various international...

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Morrisons launches planet-friendly eggs

Morrisons is the first supermarket to launch a line of carbon-neutral eggs, as part of the retailer’s pledge to be directly supplied by zero emission British farms by 2030. The...

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The amount of salt and sugar in LIDL products continues to decrease

As a responsible company, Lidl Hungary is committed to promoting healthy nutrition, as evidenced by its commitment in 2019, according to which it will reduce the added salt and sugar...

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The effects of climate change are unquestionable

According to the monthly tracking research What Worries the World by Ipsos, only 10% of Hungarians were of the opinion in the last six months that climate change was one...

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With its new campaign, Nespresso protects coffee from the effects of climate change

In The Empty cup campaign starring George Clooney, Nespresso highlights the risk climate change poses to coffee-growing communities and reaffirms the brand’s long-term commitment to preserving the world’s best coffees...

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KSH: in July, the shortfall in foreign trade was 1.3 billion euros

In July, the value of exports expressed in euros increased by 12.8 percent and imports by 24.1 percent compared to a year earlier, the deficit increased by 1.123 billion euros...

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Half of the employees in the private sector are dissatisfied with their salary

The effects of economic difficulties on the labor market are only gradually and delayed. 49 percent of employees working for companies are dissatisfied with their salary, and 52 percent plan...

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A Hungarian company can build the most modern waste treatment plant in the Balkans

An exemplary innovation project is being launched in the Serbian border town, within the framework of which hydrogen fuel can be made from discarded diapers. Waste management is one of...

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KFC tests vegan chicken nuggets

Back in 2019 KFC had introduced its plant-based vegan chicken burger in the United Kingdom, which soon became very popular. A bit later KFC started testing vegan chicken burgers and...

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A turnaround is expected in the labor market, but its extent is not yet visible

This summer, companies scaled back the intensity of their recruitment, but there is still no noticeable change in the labor market. There were fewer job advertisements this year in the...

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The vicious circle of food waste and climate change can be broken with simple solutions

Food. We produce it, harvest it, process it, pack it, transport it, distribute it, give it away, make it, and then throw it away. Every year, 14% of the food...

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The P&G ECO Habits was launched with the participation of thousands of children environmental education program

The aim of environmental education is to promote environmentally conscious behaviour, responsible living for the environment, and to preserve and maintain the harmony of nature, including human society. Education and...

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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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Innovative solutions and joint action are needed to achieve climate neutrality in our country

Hungary has set itself the goal of achieving climate neutrality by 2050, which requires innovative solutions and joint action – the Deputy State Secretary responsible for environmental protection of the...

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Fresh domestic grapes are a healthy treat

In our country, nearly 1,000 hectares of table grapes are grown. Due to its high vitamin and mineral content, the early autumn delicacy is not only delicious, but also healthy...

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Advance payments of direct grants will begin soon

As of October 17, Hungary will – as in the past years – start paying advances to farmers in the case of direct subsidies. In the case of EU-funded direct...

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The adaptability of Hungarian livestock breeding gives hope for a successful future

The past 150 years also prove the ability of Hungarian animal husbandry to cope with current challenges, stated Zsolt Feldman, the State Secretary responsible for agriculture and rural development of...

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The land sale program continues

The National Land Center announced new plots of land smaller than 10 hectares for sale. In the same way as in the previous procedures, a purchase offer can be made...

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The source area of ​​the Tisza was freed from an enormous amount of garbage

About 280 tons of waste have already been collected and processed in the source area of ​​the Tisza in Ukraine thanks to the joint Call-Action program of Diageo and the...

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According to KPMG, inflation drives customers towards substitute products

The majority of people are worried and are changing their shopping habits because of high inflation. According to the KPMG Consumer Pulse Summer Survey, six out of ten consumers plan...

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We are on the right track, our food waste has decreased by a quarter

Between 2016 and 2021, food waste in households decreased by 24%, it was revealed during the third waste assessment of the National Food Chain Safety Office (Nébih). According to the...

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KKM: foreign market activities of Hungarian exporting companies is helped with various tools

Sorry, this entry is only available in HU....

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’Healthy’ gets a new definition from FDA

The FDA issued new guidelines for “healthy” food that vary based on the product type, with a baseline nutrient density for each. All foods that can be labeled as “healthy” bolster the...

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Exchange rate, inflation, energy, labor shortage: these were the main topics of the Northeast Hungarian Regional Economic Forum

On September 27, business leaders from a total of 6 counties met in Debrecen to discuss the elements of the economic environment affecting companies, as well as the most fundamental...

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