Market News
410 actions to raise awareness to waste reduction this week throughout the country
Boros Anita, the Minister of State of the Ministry of Innovation and Technology, announced at the press conference of the European Waste Reduction Week in Budapest that the number of...
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Pricing and promotions through the eyes of the consumer
Food prices are rising and shoppers are worried – reveals the latest Nielsen ‘Shopper Trends’ survey. Back in 2017 growing food prices was only the 6th biggest shopper concern, but...
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This is how the families of 25-34 year olds are shopping
Euromonitor International has published a report, titled ‘Millennial Parents: Transforming Family Life’. It contains the results of a global survey on the habits of Generation Y – 25-34 year old...
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The future is sustainable
Sustainability is one of the hottest topics all over the world and 2019 is the year when smart product manufacturers and retailers have tested really innovative things in their efforts...
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More than 30 billion forints for winemakers’ development projects
Within the framework of the Rural Development programme, HUF 35 billion has been granted as funding for winemakers. The plan of the Ministry of Agriculture is to promote the sales...
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Growing sales for laundry detergent capsules
In the first 9 months of 2019 the number of laundry detergent capsule buying households kept growing, and liquid/gel products also acquired new buyers. If we want to simplify things...
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Cosmetics industry: More money spent on advertising
Zenith’s Beauty Advertising Expenditure Forecasts reveal that the global cosmetics industry’s spending on advertising grew from the -1.2 percent in 2018 to 2.7 percent in 2019. What is more, beauty...
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Food prices up more than 5 percent
Consumer prices were 2.9 percent higher in October 2019 than in October 2018. Food prices jumped 5.4 percent. Pork’s price augmented the most, by 15.5 percent. The price of bread...
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Slower growth, but lower inflation too
Economic growth was 5.1 percent in Hungary in the first half of 2019. This growth rate was the fastest in the EU – three times faster than the average. The...
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Pig prices skyrocketed
The Food and Agriculture Organisation (FAO) of the United Nations forecasted in November that the world’s pork output would reduce by 8.5 percent to 110.5 million tons this year, in...
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Intensive fish farming has a stable future
Ferenc Lévai, CEO of Aranyponty Zrt. informed that cultivating fish in lakes is less profitable than other forms of farming, the rate is about 4-5 percent. The mains reason behind...
Read moreInnovation and sustainability are the keywords in the FMCG market
KNK PR & Média and Magyar Termék Nonprofit Kft. organised the Agóra conference in the Etyek Film Park. In his keynote speech Róbert Zsigó, secretary of state responsible for food...
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Amazon offers grocery delivery at lower prices in Germany
Amazon announced that it would reduce the monthly membership fee for Fresh in Germany to EUR 7.99 from EUR 9.99, and will also cut the additional delivery fee for orders...
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Coca-Cola rolls out new sparkling mineral water brand
Coca-Cola’s new sparkling water line, AHA will debut in the USA in the spring of 2020. Flavoured sparkling water has become a popular alternative for shoppers. In 2018 flavoured sparkling...
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Dino Polska opens more than 130 new stores in the first nine months of 2019
Polish grocer Dino Polska has opened around 138 new stores in the first nine months of its financial year. The retail chain launched 120 new stores in the same period of...
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Spar cuts sugar content of private label products in Croatia
Spar Croatia has modified the recipes of around 65 private label products to reduce their sugar content. In 2017 Spar launched a programme to cut sugar content in its private label...
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Online shopping is likely to beat physical stores this Christmas in Germany
For the first time, the majority of German consumers plan to buy presents online this Christmas – reveals a new survey conducted by Deloitte. According to the study, 67 percent...
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M&S: Private label wine selection to go vegan by 2022
M&S has announced plans to offer an entirely vegan-friendly private label wine range by the end of 2022. They are the first major retailer to make this pledge. M&S’s food...
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Spar Belarus opens new supermarket in Minsk
Spar Belarus has opened a new supermarket in the capital city of Minsk. The 500m² store is situated on the ground floor of a large apartment complex. In the new...
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Carrefour enters the market of Uzbekistan in 2020
French retail giant Carrefour plans to enter the market of Uzbekistan in 2020 in partnership with the Majid Al Futtaim Group. Over the next 2 years, Carrefour aims to open...
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Lidl: Charging points at 300 UK stores
Lidl has made a commitment to install rapid charging points for electric vehicles at more than 300 stores over the next 3 years. The project means a total investment of more than...
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Consumer protection authorities give good marks to online FMCG
On 31 October the consumer protection state secretariat of the Ministry for Innovation and Technology organised the latest event in the ‘Consumer Protection Friday’ programme series. This time the topic...
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Amazon opens pop-up store on China’s latest e-commerce platform
In December Amazon opened a pop-up store on Pinduoduo, the latest Chinese e-commerce platform. Then pop-up store was open until the end of December and offered about 1,000 different products...
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Revolut: Already 250,000 users in Hungary
Revolut has announced that they already have 250,000 users in Hungary. The London-based fintech company’s app can be used for shopping abroad with good exchange rates and for transferring money...
Read moreSmall regions and digitalisation
On 20 November the Retail College of the Hungarian Chamber of Commerce and Industry invited Minister for Innovation and Technology Péter Cseresnyés to its meeting. The minister and college members...
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Growth management on a digital basis
At the end of November the year’s last Ecommerce Meetup was organised and the topic was growth management. Fruzsina Donáth from SmartCommerce Consulting gave a brief overview of building an...
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New European marketplace association established
Four major e-commerce enterprises – Romania’s eMag, France’s Cdiscount, Germany’s Real.de and Italy’s ePrice – have announced that they established the International Marketplace Network (IMN). The new platform reaches more...
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Pécsi Prémium Lager wins the Great Lager Test!
In the summer of 2019 the blog Maradok a Pénzemnél tested 14 lagers and Pécsi Prémium Lager turned out to be the best. A team of 11 experts did blind...
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Cheese Festival of Nations
Those who visited the 2nd SZEGA Cheese Festival of Nations in October had the opportunity to taste nearly 400 kinds of cheese made in 25 European countries and the USA....
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