Market News
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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Refill stations in dm stores
Following a 2-year test period in the Budaörs dm and regular feedback from customers, 8 more refill points were created in the Budapest region in August 2022. In October another...
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Hydrogen fuel to be made from used nappies
According to data from the European Commission, only 48% of the 225.7 million tonnes of waste generated in the European Union is recycled. Veszprém-based firm Horge Technologies has developed groundbreaking...
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Small steps for a sustainable world
On 4 October the Canadian Chamber of Commerce in Hungary hosted the international Food and Water Sustainability Business Forum in Budapest. The event took place on the roof terrace of...
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Bread and dairy product prices increased the most in September
Data by the Central Statistical Office (KSH) reveal: consumer prices elevated by 20.1% in August 2022, in comparison with August 2021. In one month prices became 4.1% higher on average....
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FMCG retail: minus 2.4% in August
The Central Statistical Office (KSH) has reported: like-for-like retail volume sales were up 3.3% in August 2022; adjusted for calendar effects, the sales growth was 2.4%. However, sales of grocery...
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Baked goods end up in the bin the most often
16 October was World Food Day, and HonestFood celebrated this by conducting a representative survey. The study revealed that 59% of Hungarians throw food away, and 23% waste quite...
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