Market News

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...

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Innovation 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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Tesco battles discounters with paid-for loyalty card

Tesco becomes the first major British supermarket group to offer a subscription customer loyalty scheme. This serves as a weapon in its fight against German-owned discounters. No less than 19...

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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...

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Small 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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Clown Doctors supported by Henkel and Spar

Since the beginning of November the doctors of the Red Nose Clown Doctors Foundation have been regularly visiting the children’s ward in the Balassa János Hospital in Tolna County, to...

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V4 agri-chambers act together

At the end of November the chambers of agriculture of the V4 countries – Slovakia, the Czech Republic, Poland and Hungary – met again. The V4 agri-chambers expressed their opinion...

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We still have quite a distance to cover

Hungaricool is the name of the food product innovation competition that Spar organised in partnership with the Agricultural Marketing Centre (AMC). Our magazine asked AMC’s deputy managing director Gergely Giczi...

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E-number free wiener from Sága

Sága Foods is the first major Hungarian food producer to come out with an E-number free wiener. Füstli Natural contains no food additives marked with an E-number. The product is...

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Seven Spar stores modernised from more than 3 billion forints

Spar has modernised four supermarkets in Újpest, Salgótarján, Makó and Cegléd, spending HUF 467 million, 652 million, 445 million and 244 million on them, respectively. Another three Spar supermarkets –...

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Sales by dm up more than 8 percent

In the current financial year dm’s sales surpassed HUF 112 billion, having increased by more than 8 percent if compared with last year. dm employs nearly 3,000 people in Hungary...

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New working groups at the National Food Tracking Platform

In October the Ministry of Agriculture and GS1 Magyarország Nonprofit Zrt. organised this year’s opening conference of the National Food Tracking Platform, where two new working groups were launched: one...

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