Market News
PepsiCo expects higher sales with the reopening of restaurants
As the vaccination process is speeding up and restaurants are gradually reopening, PepsiCo Inc hopes that organic sales will grow in the 2nd quarter of the year. Certain product categories...
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L’Oréal: Sales improve with help from China
Sales by L’Oréal kept growing in the 1st quarter of the year, driven by a robust growth in China. It had a positive impact on the French group’s performance that...
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Delhaize Belgium stores are now carbon dioxide neutral
Delhaize Belgium has announced that all 763 stores in the country achieved carbon dioxide neutrality. It took more than 10 years for the retailer to cut the carbon dioxide emission...
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Heineken to become carbon neutral by 2040
Heineken wants to be the first carbon neutral brewery by 2040. The beer company will cooperate with its supplier partners to reduce emissions by 30 percent across the whole supply...
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Migros puts Nutri-Score labels on private label food products
Swiss retailer Migros will indicate Nutri-Score data too on its private label food products. The colour code system makes the daily shopping simpler for consumers, as the nutritional values of...
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Spar expands in Poland by mixing various store formats
SPAR’s strategy of operating the chain’s own and independent retailer run stores is the driving force of the company’s Polish expansion. SPAR has recently opened 500m² floor space new stores...
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JBS teams up with Vivera in the plant-based food segment
Brazilian food giant JBS bought Europe’s third biggest plant-based meat alternative producer, the Vivera Group for USD 341 million. Three production facilities and an R&D centre located in the Netherlands...
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Lekkerland tests self-checkout kiosks
Convenience product wholesaler Lekkerland runs a pilot project with hospital operator Sana Kliniken to test self-checkout kiosks. These make it possible for shoppers to buy snacks, drinks and non-food products...
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Intermarché and Casino announce 5-year strategic partnership
In the next 5 years Intermarché and Casino Group will engage in a strategic partnership, primarily in the fields of purchasing, digital marketing, advertising services and the food industry. Within...
Read moreLidl online’s launch is the most anticipated
According to Reacty Digital’s annual e-commerce survey, 39 percent of Hungarian consumers bought fashion items online last year and 38 percent purchased small and large household appliances. One third of...
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Consumers older than 50 years are also online shoppers now
E-commerce is booming and this won’t change after the pandemic either. A Payment Experience Report (www.fizetesielmeny.hu) commissioned by Mastercard has revealed that 6 from 100 Hungarians order online minimum once...
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FAO: Global food prices rise at rapid pace in May
Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high,...
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HELL unveils summer limited edition series
At the end of April two intense summer flavours, the limited edition versions of HELL SUMMER COOL energy drink were launched: HELL BEACH PINK in melon flavour and HELL BEACH...
Read moreDigital and sustainability investments have the potential to create millions of jobs in Europe by 2030
Rapid investment in digital technology and sustainability could create up to 5.7 million new jobs in Europe by 2030, according to a joint research by Accenture, a global service provider,...
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The FMCG retailer ranking for 2020 is out – Lidl has reached the No.1 spot!
There is always a reason why it is worth waiting for Trade magazin’s FMCG retailer ranking every year, sometimes one or two surprises are revealed, while at other times a...
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Hungarian Marketing Association starts special award programme
The Hungarian Marketing Association (MMSZ) has launched the Marketing Talent Award programme, with HEINEKEN Hungária Zrt. and Magyar Telekom Nyrt. as co-founders and Provident Pénzügyi Zrt. as the main sponsor....
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Me@Walmart workplace app and smartphones
Walmart announced on 3rd June that it’s launching Me@Walmart, a new workplace app that allows associates to schedule shifts, clock in, troubleshoot daily tasks and, eventually, replenish products more efficiently. In a blog...
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GVH and Nébih strengthen ties
The Hungarian Competition Authority (GVH) and the National Food Chain Safety Office (Nébih) have signed a partnership agreement. These two organisations primarily need to work together in protecting agricultural and...
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Fighting those extra kilos with salads
In May Eisberg started its Salad Month initiative for the first time, calling attention to the importance of a diverse and balanced diet. Eisberg urges consumers to regularly have as...
Read moreAM: The Hegykő parsley root also received EU protection
The name Hegykő parsley root (Hegykői petrezselyemgyökér) has been granted EU protection by the European Commission, the Ministry of Agriculture told MTI on Thursday. As a result of the Ministry...
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These single-use plastics must be gone by 1 July
From 1 July, certain single-use plastic products will be prohibited from being placed on the market, according to a government decree published in the Hungarian Gazette. The legislation also lists...
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Brutal product fee increase coming in July
From 1 July, the product fee for plastic bags used in shops will increase brutally, at the same time as the government decree aimed at transience of the so-called SUP...
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Blokkk.com: Household consumption expenditure fell by 3.8%
Family spending in the first quarter of 2021 dragged the economy down, not slightly. Household consumption expenditure decreased by 3.8%. The wallets couldn’t have opened up because the storefronts were...
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We shop differently, we spend less, we live differently because of the epidemic
The willingness to spend has plummeted, the sense of savings has increased, and contactless has become the most characteristic expression of the epidemiological period – across Europe, payment, shopping habits...
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Applications for the renewal of smaller livestock farms can be submitted
Applications for the development of smaller livestock farms can be submitted until July 22. The amount available for support is 30 billion HUF – Minister of Agriculture Nagy István announced...
Read moreAM: call for proposals to support the renewal of horticultural plants has been issued
The Ministry of Agriculture (AM) announced a tender for the renewal of horticultural plants with a budget of 50 billion HUF, Nagy István, head of the ministry said in the...
Read moreRetail sales in Germany declined more than expected in April
Retail sales in Germany fell more than expected from the previous month and grew less on an annual basis in April, according to the German Federal Statistical Office, Destatis. In...
Read moreThe market capitalization of the world’s 100 largest companies rose 48 percent
The market capitalization of the world’s 100 leading listed companies rose to a record high of 31.7 trillion USD in the year to end-March, according to a PwC Global Top...
Read moreConsumer price inflation accelerated in April in OECD countries
In the member states of the Organization for Economic Co-operation and Development (OECD), consumer price inflation accelerated to 3.3 percent in April from 2.4 percent year-on-year in March. In February,...
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Analysts: surprise with first-quarter detailed GDP data
Analysts interviewed by MTI are looking for an explanation for the surprisingly positive developments from the details of the upwardly revised first-quarter GDP data. In its second estimate released on...
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