Market News
Nagy István: new elements were added to the Collection of Hungaricums and the Hungarian Depository
The Collection of Hungaricums and the Hungarian Treasury have been expanded with new elements, Minister of Agriculture Nagy István announced at a press conference following Tuesday’s meeting of the Hungaricum...
Read moreEconomic sentiment in Germany deteriorated in December
The ZEW Economic Research Institute’s sentiment index in Germany deteriorated less than expected, according to a survey published on Tuesday. In the ZEW survey, the December economic sentiment index in...
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Euro area GDP grew at the same rate as in the second quarter
According to expectations, euro area gross domestic product grew at the same rate as in the second quarter, according to a report by Eurostat, the European Union’s statistical office. Eurostat...
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Főtaxi goes on with its tree planting program in the busiest parts of the Budapest
In cooperation with the 10 million Tree Foundations, the MainTaxi continues its tree planting program, which has been running for several years, this time focusing specifically on Budapest’s busiest areas....
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EU regulations defining the new Common Agricultural Policy have been published
As a result of a three-and-a-half year series of negotiations, on 6 December 2021, the EU Regulation on the CAP Strategic Plan, which is a reform package, and the EU...
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Fluctuating costs in the logistics industry, time is a key issue
Worldwide, there are constantly changing costs in the logistics industry, and warehouse costs continue to rise year on year as the industry becomes more competitive. Rising costs are forcing companies...
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Sir David Attenborough’s speech at the COP26 climate change summit in Glasgow: ‘Our motivation should not be fear, but hope.’
Between 31 October and 12 November the United Nations held its climate change conference in Glasgow, where one of the speakers was naturalist Sir David Attenborough. In his speech he...
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Europe’s Day in Commerce: For each other and for the shoppers!
The National Association of Entrepreneurs and Employers (VOSZ) organised a programme to celebrate Europe’s Day in Commerce for the 17th time. From the Ministry for Innovation and Technology Péter Cserenyés,...
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News in brief
Rapid delivery service Frichti, who deliver in just 15 minutes, rolled out a 120 SKU private label range, called Frichti Everyday. Drugstore chain Superdrug gave its B Skin private label beauty products an...
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December’s PLMA Trade Show postponed
Once again the PLMA ‘World of Private Label’ trade show has been put off – the organisers announced on 15 November. Formerly the trade fair was planned to be held...
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Hungarian purchasing power represents 51 percent of the European average
In 2021 European consumers are to spend approximately EUR 10,200 billion on food, utilities, services, etc. The per capita purchasing power is EUR 15,055, which means that the average purchasing...
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Wheat’s per tonne price nears 100,000 forints
According to PÁIR data from the Research Institute of Agricultural Economics (AKI), the live weight price of broiler chicken increased by 11 percent to HUF 238/kg and turkey’s price grew...
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Granarolo buys historic Italian Gorgonzola producer
Italian agri-food group Granarolo has announced the buying of Gorgonzola cheese producer Mario Costa. Mario Costa has more than 100 years of history and focuses on quality. In 2020 the company...
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Waitrose removes garden chemicals from its product selection
Waitrose has committed to removing all potentially harmful garden chemicals from its product selection until the end of the year, in order contribute to preserving natural biodiversity in Britain’s outdoor...
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Carrefour Polska launches products tracked by blockchain
Carrefour Polska is launching Polish private label potatoes tracked via blockchain technology, making it possible for customers to trace the journey of the product from cultivation to packaging. With the...
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Everli plans to enter Germany and Romania
Online grocery shopping platform Everli plans to expand into Germany and Romania in early 2022. Everli is operating in over 80 cities across Italy, Poland, the Czech Republic, and France....
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Absolut Vodka comes out with first bottle design update since 1979
Iconic Swedish vodka brand Absolut has unveiled its first design overhaul since the brand’s creation in 1979. Absolut joined forces with Brand Union, Destrito and Ardagh Group on the upgraded...
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REWE opens a hybrid supermarket in Cologne
REWE Group has opened a new store in Cologne that offers a hybrid service: customers can decide whether they want to pay at the checkout or via the retailer’s Pick&Go...
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Coca-Cola to acquire controlling stake in sports drink maker BodyArmor
Coca-Cola is to buy a controlling stake in sports drink maker BodyArmor in the value of USD 5.6 billion. Coca-Cola bought a minority stake in BodyArmor back in 2018, becoming...
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Tesco opens first cashierless store
Tesco is testing its first cashierless store in Central London, in partnership with technology company Trigo. The supermarket’s GetGo store has sensors in the shelves that work with an AI...
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SPAR N°1 Value is the name of SPAR International’s new private label range
SPAR International has rolled out a new private label range, called SPAR N°1 Value, which will debut in European markets ahead of a global launch. The range, which offers high...
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Carlsberg and Żabka cooperate for eco-friendly packaging
Carlsberg Polska and Żabka have teamed up to offer consumers an environmentally friendly packaging solution called Snap Pack. Six-pack units of Carlsberg beer cans will be sold in Żabka stores...
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Planet-Score follows the Nutri-Score system
French retailer Auchan has announced that it backs the creation of the Planet-Score environmental labelling system, as it is in line with the brand’s commitment to promoting greater transparency across...
Read moreAldi to open 15 new stores in the United Kingdom by the end of the year
Aldi will open 15 new UK stores by the end of 2021, as the German discounter plans to invest GBP 1.3 billion in opening 100 new supermarkets over the next...
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Delivery in half an hour
DoDo relies on artificial intelligence based delivery solutions and the ‘last 2 kilometres’ principle in the same-day delivery of Alza.hu parcels. The Czech start-up has developed a special logistics platform...
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K&H: More frequent card use by young consumers
A survey made for K&H’s youth index has found that 78 percent of 19-29 year old consumers use some kind of bank card, but only 38 percent do online banking...
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Mastercard Carbon Calculator available to Gránit Bank customers
Gránit Bank was among the fist in the world to introduce the Mastercard Carbon Calculator on 15 November: card holders can use this to see the impact of their purchases...
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Borsodi Brewery distributes three Diageo beer brands from 1 January 2022
Diageo has entered into a partnership with Molson Coors: from 1 January 2022 Borsodi Brewery is going to be the Hungarian distributor of Guinness, Kilkenny and Hop House 13 beers....
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Sales by dm up more than 9 percent
Sales by dm Hungary augmented by 9.34 percent and represented a value of HUF 133 billion. Hungary has 259 dm drugstores where 3,155 people are working. The drugstore chain’s online...
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Mars workers do more than 45,000 hours of volunteer work
In the last 13 years Mars employees did more than 45,000 hours of volunteer work. As part of the Mars Ambassador Program, more than 800 workers helped communities in 50 countries...
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