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Market News

Global trade of agricultural products doubled in 20 years
Date: 2020-10-01 15:21:55

According to FAO’s latest Report on the State of Agricultural Commodity Markets, the value of the global agri-food trade grew to USD 1.5 billion, i.e. more than doubled between 1995...

GKI forecasts a 7-percent GDP drop for 2020
Date: 2020-10-01 15:08:11

After the 6.1 percent decrease in the GDP in the first half of 2020, for the second half of the year, GKI forecasts an 8 percent decline in the gross...

Budapest Wine Festival Limited
Date: 2020-10-01 14:36:32

Budapest Wine Festival is 29 years old this year. Despite the pandemic, the organisers made it possible for a few hundred people to open the season in the company of...

Sainsbury’s rewards fruit and vegetable purchases
Date: 2020-10-01 13:55:44

In its “Great Big Fruit and Veg Challenge”, Sainsbury’s urges customers to buy more fruits and vegetables by providing them in an app with targets customized to their shopping habits....

Heineken switched to green energy in the Netherlands
Date: 2020-10-01 13:53:02

Striving to become climate-neutral by 2030, Heineken has been brewing beer for the Dutch market using 100 per cent green energy since July. The company considers green energy an indispensable...

Unmanned digital supermarkets transform rural Sweden
Date: 2020-10-01 13:50:59

The Swedish supermarket startup, Lifvs opened 19 unmanned stores in villages and towns of Sweden where grocery stores shut down in the past decades. Lifevs plans to have bigger clusters...

Lidl Plus app made available across Germany
Date: 2020-10-01 13:48:52

After a successful trial in which customers had access to instant prizes, digital recipes and other features, Lidl rolls out its Lidl Plus app in all its stores across Germany....

Kraft Heinz set to sell parts of its cheese business to Groupe Lactalis
Date: 2020-10-01 13:44:45

For 3.2 billion dollars, Kraft Heinz Company sells parts of its cheese business to the US affiliate of Groupe Lactalis. The transaction is expected to close in the first half...

Carrefour Poland introduces Click & Collect service for groceries
Date: 2020-10-01 13:41:44

Customers of Carrefour Poland may also opt for click&collect service when placing a grocery order on carrefour.pl site. The orders are picked by the staff of the store selected from...

Tesco asks customers to weigh their food bins
Date: 2020-10-01 13:38:53

Coupling up with Hubbabb, Tesco launches a 6 week trial project aimed to make British households reduce the food waste of 6.6 million tons they produce a year. Shoppers are...

Aldi tests click-and-collect service in the UK
Date: 2020-10-01 13:35:58

German discounter, Aldi trials click-and-collect service in the UK for the first time. When ordering, shoppers can reserve time slots for pick up in the nearest store, where they receive...

Nestlé remains the most valuable food brand of the world
Date: 2020-10-01 13:32:10

According to the Brand Finance Food&Drink 2020 Report, Nestlé has retained the title of the world’s most valuable food brand after its brand value increased by 3 per cent. The...

Co-op opens more than 65 new stores and creates 1000 new jobs
Date: 2020-10-01 13:28:54

As part of its expansion scheme, Co-op plans to open over three new or extended stores a week until December with over 100 additional sites receiving major refurbishment. The step...

Through the eyes of the researcher
Date: 2020-10-01 13:20:54

Dr. Gedeon Totth, head of the Marketing Department at the Budapest Business School and tutor of Borkollégium talked about the latest trends on the Hungarian wine market: A shift in...

Nearly half of Hungarian websites aren’t secure
Date: 2020-10-01 13:18:18

Usernet has analysed more than 75,185 Hungarian websites and found that 34,000 of them aren’t secure. These are still using HTTP connection without any kind of encryption. Google checks whether...

Extraordinary general meeting
Date: 2020-10-01 13:12:57

POPAI Hungary Association held its annual general meeting online. The award ceremony of the Hungarian leg of the Shop! Global Awards contest was also part of the programme. Members first...

Official social media page for Hungarian wines
Date: 2020-10-01 13:04:25

The Agricultural Marketing Centre (AMC) and the Hungarian Tourism Agency (MTÜ) have teamed up to start collective wine marketing activities in social media, under the ‘Wines of Hungary – Personally’...

Protection for Hungarian wines
Date: 2020-10-01 13:00:48

Adulterated wines from outside of Europe that turn up in European shops harm the sales of Hungarian wines very much. It is the national economy’s interest to protect Hungarian wines...

Coronavirus pandemic generated record-level sales growth in e-commerce
Date: 2020-10-01 12:58:21

According to a joint survey by GKI Digital and Árukereső.hu, in the first six months of 2020 domestic online sales exceeded gross HUF 355 billion, which constitutes a 35-percent growth...

Shopping experience and stable operation is the key to success in e-commerce
Date: 2020-10-01 12:43:10

Between mid-March and the end of April more than 50,000 new shoppers appeared in e-commerce, while the average order value and the number of basket items both grew – reveals...

Experience, but a frustrating one
Date: 2020-10-01 12:42:48

For 58 percent of the nearly 3.5 million online shoppers shopping in the digital space is a frustrating experience – reveals the Mastercard-commissioned Payment Experience Report. The report points out...

Hungarian products promoted on Coop Days
Date: 2020-10-01 12:12:10

On the COOP Hungarian Day events of Tisza-Coop Zrt. the products of Prima Maroni Kft., Ceres Zrt., Abonett Kft., Gyulahús Kft. and Sofidel Hungary Kft. were in the spotlight. Tisza-Coop...

Mountain villages: there will be less wine this year, but can be an excellent vintage
Date: 2020-10-01 11:55:23

This year, the harvest began in all wine regions later than last year, with 15-20 percent yield loss expected for varieties affected by drought and spring fros – Légli Otto,...

Trend change is around the corner in freight transport
Date: 2020-10-01 11:53:27

The pandemic is likely to generate a trend change in freight transport: while Hungarian – mainly international-destination – road transport produced a major drop in the first half of 2020,...

Online marketplaces can save Hungarian businesses
Date: 2020-10-01 11:30:00

During the pandemic, more than a third of SMEs increased their sales in online marketplaces, according to representative research by GKI and eMAG. The survey examined, among other things, how...

Focusing on food chain safety
Date: 2020-10-01 11:29:07

The Chief Veterinary Officer (CVO), thus the entire food chain supervision is directly subordinated to the Minister of Agriculture as of October 1, 2020. In the future, Dr. Lajos Bognár...

GKI: half of the teleworkers workked for a company based in Budapest or Pest County in September
Date: 2020-10-01 11:26:59

In September, GKI Zrt. conducted a survey of the domestic employment situation among Hungarian enterprises. The questions were answered by 820 companies, the survey did not cover large multinationals. Compared...

There is a special tax risk in the home office
Date: 2020-10-01 11:25:37

Because of the coronavirus, a significant number of companies have switched to working from home. However, home office processes designed without due diligence can involve significant tax risks – EY...

Mobile apps – Nike in 3-digit growth
Date: 2020-10-01 11:25:35

Mobile experiences have become a vital part of Nike’s marketing strategy, providing a direct sales channel and a way to maintain one-to-one relationships with its most loyal customers. Nike drives...

Frostkrone launches new free-from range, Green Date
Date: 2020-10-01 11:25:30

Frostkrone Food Group has launched a new free-from product line under the Green Date label inspired by fresh green vegetables. The products are not pre-fried and are free from gluten,...

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Global trade of agricultural products doubled in 20 years Date: 2020-10-01 15:21:55

GKI forecasts a 7-percent GDP drop for 2020 Date: 2020-10-01 15:08:11

Budapest Wine Festival Limited Date: 2020-10-01 14:36:32

Sainsbury’s rewards fruit and vegetable purchases Date: 2020-10-01 13:55:44

Heineken switched to green energy in the Netherlands Date: 2020-10-01 13:53:02

Unmanned digital supermarkets transform rural Sweden Date: 2020-10-01 13:50:59

Lidl Plus app made available across Germany Date: 2020-10-01 13:48:52

Kraft Heinz set to sell parts of its cheese business to Groupe Lactalis Date: 2020-10-01 13:44:45

Carrefour Poland introduces Click & Collect service for groceries Date: 2020-10-01 13:41:44

Tesco asks customers to weigh their food bins Date: 2020-10-01 13:38:53

Aldi tests click-and-collect service in the UK Date: 2020-10-01 13:35:58

Nestlé remains the most valuable food brand of the world Date: 2020-10-01 13:32:10

Co-op opens more than 65 new stores and creates 1000 new jobs Date: 2020-10-01 13:28:54

Through the eyes of the researcher Date: 2020-10-01 13:20:54

Nearly half of Hungarian websites aren’t secure Date: 2020-10-01 13:18:18

Extraordinary general meeting Date: 2020-10-01 13:12:57

Official social media page for Hungarian wines Date: 2020-10-01 13:04:25

Protection for Hungarian wines Date: 2020-10-01 13:00:48

Coronavirus pandemic generated record-level sales growth in e-commerce Date: 2020-10-01 12:58:21

Shopping experience and stable operation is the key to success in e-commerce Date: 2020-10-01 12:43:10

Experience, but a frustrating one Date: 2020-10-01 12:42:48

Hungarian products promoted on Coop Days Date: 2020-10-01 12:12:10

Mountain villages: there will be less wine this year, but can be an excellent vintage Date: 2020-10-01 11:55:23

Trend change is around the corner in freight transport Date: 2020-10-01 11:53:27

Online marketplaces can save Hungarian businesses Date: 2020-10-01 11:30:00

Focusing on food chain safety Date: 2020-10-01 11:29:07

GKI: half of the teleworkers workked for a company based in Budapest or Pest County in September Date: 2020-10-01 11:26:59

There is a special tax risk in the home office Date: 2020-10-01 11:25:37

Mobile apps – Nike in 3-digit growth Date: 2020-10-01 11:25:35

Frostkrone launches new free-from range, Green Date Date: 2020-10-01 11:25:30