Market News
The November closure could cut German GDP by another 1 percentage point
A partial closure ordered by the end of November due to the intensification of the coronavirus pandemic could cut Germany’s gross domestic product (GDP) by another 1 percentage point –...
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A campaign is launched to encourage the consumption of poultry and eggs
The Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the Poultry Product Council (BTT) are launching a campaign to encourage the consumption of poultry and eggs. Minister of...
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Analysts do not expect a substantial slowdown in earnings growth this year
Analysts interviewed by MTI did not expect a substantial slowdown in wage growth this year, who also drew attention to fluctuations in the composition of employees, which could lead to...
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ITM: commercial and catering companies to join the European Waste Reduction Week!
Businesses and employees in trade, hospitality and tourism are also encouraged to join to the Hungarian program of the European Waste Reduction Week – Boros Anita, State Secretary of the...
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Never pour this household waste down the drain
The Hungarian Water and Wastewater Technology Association (MaSzeSz) carried out a social survey with the help of WWF Hungary, which also showed how consciously we use our drain, ie the...
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Green investment can make up for the jobs lost in Europe in the crisis
If implemented, the upcoming green projects analyzed by EY would create almost 3 million jobs in the European Union. Their implementation is also hampered by the economic impacts of COVID-19...
Read moreRetail sales in Germany fell in September
In Germany, retail sales fell much more than analysts expected in September on a monthly basis, which experts say is partly due to the resurgence of the coronavirus pandemic. The...
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Nestlé buys Freshly healthy meal delivery
Nestlé USA announced that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at USD 950 million. With the transaction...
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Europe and Central Asia discuss solutions to promote sustainable agri-food systems
The 32nd Session of the FAO Regional Conference for Europe started today as FAO Members from Europe and Central Asia will discuss several challenges facing the region on food and...
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Contronics gets EU prize for reducing food waste
Dry misting technology company Contronics has received an award from the European Commission for its ‘Fresh Demo’ research project. Contronics has proved with this EU- funded project that its dry...
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Eight Fifty Food Group buys Greenland Seafood
Hamburg-based Greenland Seafood has acquired Eight Fifty Food Group for an undisclosed sum. The deal is subject to approval from the German, French and Polish competition authorities. Greenland Seafood is...
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Billionaire Issa brothers buy Asda
Blackburn-based Indian billionaires the Issa brothers and private equity group TDR Capital bought Asda from Walmart for GBP 6.8 billion. Walmart has kept a minority share in the business and...
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Guinness is now also available in alcohol-free version
In Ireland and the UK Guinness has put a new non-alcoholic beer on the market, called Guinness 0.0. The new beer is sold in 440ml cans in a 4-pack format...
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Germans start stockpiling toilet paper again as coronavirus cases surge
Sales of toilet paper and disinfectants are on the rise again in Germany, due to the second coronavirus wave: sales of toilet paper soared by 89.9 percent in mid-October in...
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Alpro celebrates 40 years with pledges
Popular plant-based food company Alpro is 40 years old. The brand celebrates the anniversary by launching a health and sustainability action plan that lasts until 2025, titled ‘Feeding our Future...
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Lidl carries on with its salt and sugar content optimisation programme
In the 2019 fiscal year Lidl Hungary used 18 tons less salt and more than 196 tons les sugar in making private label products, thereby contributing to the health of...
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Russia’s Fix Price Group opens 4,000th store
Russian retailer Fix Price Group has opened its 4,000th outlet in the country in the Orenburg region. The store sells a wide range of products at 6 fixed price points...
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Rémy Cointreau buys majority share in Champagne J.de Telmont
Rémy Cointreau has bought a majority stake in Champagne J.de Telmont, which is owned by the Lhopital family. The deal includes brands, inventory, production facilities, real estate assets and vineyards...
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Co-op prepares for Christmas by lowering prices
In the United Kingdom Co-op is investing GBP 50 million in lowering the prices of more than 300 branded and private label products – rice, pasta and coffee – by...
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Dunapack designs packaging material using virtual reality technology
Thanks to the hobby of a Dunapack worker, the company’s customers now receive and check the prototypes of the packaging materials and boxes they ordered by entering virtual reality (VR)....
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Amazon’s Prime Day sales exceed 10 billion dollars
Amazon’s sixth annual Prime Day sales campaign produced a 45-percent year-over-year growth in revenue. Digital Commerce 360 reported that in the 19 countries where Amazon announced Prime Day on 13-14 October,...
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Google joins the European Advertising Standards Alliance
Google has joined the European Advertising Standards Alliance (EASA). Google is the first company that became a member not via a trade organisation but directly, committing itself to responsible advertising....
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K Group rolls out juices made of discarded fruits and vegetables
Finland’s K Group has joined forces with Thrsty to manufacture juices out of edible but discarded fruit, vegetables and berries in order to reduce food waste. Fruit and vegetables are discarded because...
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Russia’s O’Key Group expands its online order and delivery services
Russian retailer O’Key Group has entered into a cooperation agreement with SberMarket to expand its online delivery service to cities. As part of the agreement, SberMarket will process and deliver...
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Mercadona plans to end the year with 20 stores in Portugal
Mercadona plans to open 4 more supermarkets in Portugal until the end of the year. This move will increase the number of stores in the country to 20. In spite...
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Upfield: 114-ton margarine donation
This year Upfield Hungary joined the donation convoy programme of the Hungarian Food Bank Association and on World Food Day they gave 17.3 tons of margarine to the charity organisation....
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Danone to sell its share in Japan’s Yakult
Danone is to sell its remaining 6.61-percent share in Japanese probiotics firm Yakult. Danone’s collaboration with Yakult started in 2004, but in 2018 the French dairy firm divested most of its...
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Buymie and Dunnes Stores target same day grocery delivery
Irish on-demand grocery delivery app Buymie has started cooperating with Dunnes Stores to offer same-day grocery delivery service from 24 stores in the greater Dublin area and Cork City. The new...
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From 2021 Ukraine imposes no import duty on European wines
Next year Ukraine will abolish import duties on wine produced in the European Union, as part of its obligations under a trade and association agreement with the EU. In 2019...
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Waitrose stops using shrink wraps on multipack cans of private label grocery
British retailer Waitrose & Partners has removed plastic shrink wrap from multipack cans of private label tinned grocery products. This measure will help the retailer in removing more than 45...
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