Market News
Podcast series about trademark user brands
Eszter Benedek, managing director of Hungarian Product Nonprofit Kft. told our magazine: last year they launched the “Homebusiness” podcast series, and so for nearly 20 episodes have been recorded. Every...
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Mars Wrigley trials removal of Bounty bars from Celebrations tubs
Mars Wrigley is to remove Bounty bars from its Celebrations chocolate tube in a pre-Christmas trial. Customers in selected Tesco Christmas market stores will now be able to exchange tubs...
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Italpizza Expands To Spain With Pizza Artesana Acquisition
Italian private-label frozen and non-frozen pizza producer Italpizza has acquired Spanish company Pizza Artesana Malgrat for an undisclosed sum. Founded in 1986 and based in Malgrat de Mar, Pizza Artesana...
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From next year, it will be possible to pay subsidies worth several thousand billion forints in Hungarian agriculture
The European Commission (EC) has adopted the Strategic Plan of Hungary’s Common Agricultural Policy (KAP) for the period between 2023 and 2027, which opens up the possibility of paying several...
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Competition of active ingredients
Zsófia Gózon-Karajz, L’Oréal Magyarország Kft.’s trade marketing manager told our magazine that facial skincare product sales grew by 23.5% this year. “There are many reasons behind this good performance. One...
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KSH: the turnover of retail stores increased by 3.0 percent in September
In September, according to raw and calendar-adjusted data, the turnover of retail stores was 3.0 percent higher than a year earlier, the Central Statistical Office (KSH) announced on Tuesday. In...
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Retail sales in the Czech Republic decreased in September
In September, in an annual comparison, retail sales in the Czech Republic decreased by 5.6 percent after the 8.1 percent drop in August, the Czech Statistical Office announced on Tuesday...
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Carbon neutral milk is the goal
Arla has launched the first climate roadmap in the United Kingdom, with targets verified by the science based targets initiative (SBTi): making dairy production carbon neutral and sustainable. By 2025...
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Retail turnover in Romania increased by 4.5 percent in the first three quarters of this year
In Romania, according to raw data, the volume of retail trade increased by 4.5 percent in the first three quarters of this year compared to the same period last year,...
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EY: Hungary has one of the most competitive tax systems in the world
Our country was among the top ten in this year’s ranking of the Tax Competitiveness Index, which examines the attractiveness of the tax systems of OECD countries. Hungary thus surpassed...
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The adoption of the Hungarian strategic plan of the Common Agricultural Policy represents a historic opportunity
István Nagy emphasized that a favorable agreement was reached on EU agricultural and rural development subsidies for Hungary in the period until 2027. The European Commission considered sustainability to be...
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Mabisz: insurance companies’ drought payments are at HUF 40 billion
Agricultural insurance companies have paid out HUF 39.96 billion for this year’s drought damages, following nearly 8,500 notifications until the end of October, the Association of Hungarian Insurers (Mabisz) announced...
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Italy’s Gruppo VéGé Introduces Video Sommelier Service
Italian modern retail distribution group Gruppo VéGé has rolled out a video streaming sommelier service in its stores. The service is the result of a partnership with Smart Sommelier, an in-store...
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Wild West conditions in business life: new aspects appear in company valuation
The skyrocketing electricity, gas and oil prices, more expensive loans, inflationary shock, the EU requirement of a uniform energy policy and price cap, the uncertainties related to national regulations –...
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Tesco to open three new checkout-free GetGo stores
Tesco will expand its checkout-free GetGo stores trial with three new shops that will adopt a hybrid model, giving customers the option to use an attended till as well in...
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Tesco cooperates with leading toothpaste brands to save cardboard
Tesco has teamed up with brands such as Colgate, Oral B, Sensodyne, Aquafresh and Corsadyl to remove the outer cardboard box from toothpastes. The test period started at the end...
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“Planet-proof” cheese from FrieslandCampina
Dairy cooperative FrieslandCampina has come out with its first “planet-proof” cheese, a North Holland variety, at the Alkmaar cheese market. FrieslandCampina member dairy farmers are taking steps – in the...
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Cashless payment for Coca-Cola HBC Magyarország partners
As the result of banking and fintech cooperation, in the Coca-Cola HBC group the Hungarian subsidiary is the first where partners can pay by instant transfer. This step makes payment...
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Online shopping: growing parcel locker use
According to the results of this year’s second Foxpost Box Index (FBI) survey, the 14% popularity rating of parcel lockers of 2020 climbed to 27% by now. In cities with...
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Flavour renewal at XIXO
This autumn XIXO Orange and XIXO Lemon switched to new packaging and new recipes. After the great success of the XIXO Tutti Fruity cans with the pixel design, the two...
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Hungarians are open to trying meat alternatives
A representative online survey conducted by Pápai Hús Kft. in September 2022 revealed: every fifth person follows some kind of diet in Hungary, 16% of them say they are vegetarian...
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Márton Nagy: the price cap will apply to foods that are over 40 percent more expensive and can also be produced at home
According to Márton Nagy, the recession must be avoided and inflation suppressed, which is the current basis of Hungarian economic policy. The Minister of Economic Development spoke in the InfoRádió...
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In Hungary, basic food items have become the most expensive in Europe: this may be the reason
There is no question that inflation is the highest in Hungary, due to the drastic increase in food and energy prices – Dóra Erdélyi, senior analyst of the Oeconomus Economic...
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According to analysts, October also brought a brutal food price shock
In October, the annual price increase could reach 21 percent, and the food price shock is not over yet. The last time inflation of this magnitude was measured in October...
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The government promises an undisturbed food supply, and small shops are also being taken care of, they say
The Ministry of Agriculture has always had a great responsibility for what goes on the shelves of the stores, since the ministry’s competence really extends from the farmland to the...
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MARS WRIGLEY modifies business policy in Europe
One of the biggest confectionery manufactures in the world has announced: from 2023 100% of the cocoa purchased for its direct factory operations in Europe will be verified as responsibly...
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P&G launches environmental protection themed educational programme
Procter&Gamble has launched an educational programme for primary school students in Hungary, titled ECO-habits. P&G provides schools with free educational material about environmental protection, which focus on three key areas:...
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PENNY reacts to the energy crisis
PENNY’s owner REWE Group has pledged to cut its CO2 emission by 30% until 2030, and to go full carbon neutral by 2040. Meanwhile in Hungary the discounter installed glass...
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HELLo Alu!
HELL group implemented a special aluminium can collection campaign. In October three Budapest tram stops turned into special can collection points for a month, where a LED counter was showing...
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New vehicles in Trans-Sped’s fleet
Trans-Sped Kft. doesn’t only concentrate on upgrading its fleet, but also on improving logistics processes and operating efficiency. Transport director Csaba Tóth told: they don’t forget about the human factor...
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