Market News
Aldi advertises leisure wear collection with Lukas Podolski
Aldi Nord and Aldi Süd are introducing an exclusive leisurewear line for men and children, in collaboration with world champion footballer Lukas Podolski. The collection is called 10LP and it has been...
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Imperial Brands to sell premium cigar business for 1.23 billion euros
Tobacco company Imperial Brands is selling its premium cigar business for EUR 1.23 billion to a group of private investors. The Winston and Gauloises Blondes cigarette maker told: the sale...
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Uber Eats leaves seven markets
Eats is pulling out of the following markets: Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. The company is also transferring its Uber Eats business operations in the...
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Russian discounter Mere continues expansion
Russian hard discounter Mere has opened a new store in Germany and is ready to expand into more markets in Europe. In its home country, the retailer has made it...
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Kaufland launches insect-based food items in Croatia
Kaufland has rolled out insect-based products in Croatia. The product selection includes crispy crickets with spices or natural flavours, burgers made of cricket flour, protein cookies from bugs in almond,...
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1,700 Kroger stores start selling Impossible Burger
Plant-based food company Impossible Foods is speeding up its retail expansion with the rollout of its flagship Impossible Burger in more than 1,700 Kroger grocery stores. The company’s plant-based meat...
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Waitrose to double online capacity with new fulfilment centre
On 7 May Waitrose opened a 6-acre customer fulfilment centre in London in a bid to double its online grocery orders by September. The centre created 370 jobs, which will...
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Albert Heijn to sell milk from climate-neutral farms from 2021
Dutch retailer Albert Heijn has announced plans to start selling milk from farms that have neutralised their greenhouse gas emissions by 2021. The retailer has also extended its collaboration with Royal A-ware...
Read moreTesco makes first wave of 45,000 temporary workers redundant
Tesco has begun laying off the first wave of the 45,000 temporary workers it had recruited at the height of the coronavirus pandemic. In one store 80 percent of the...
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Facebook Shops launched
Facebook has launched its Facebook Shops service, which small businesses can use to start an online shop that users can reach from both Facebook and Instagram. Depending on the size...
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Closely watched online shops
On 4 May Ecommerce Hungary organised a one-hour online discussion about fair market conduct and inspections by the authorities in online retail. The experts invited were Máté Siklósi, who operates...
Read moreLidl’s highly successful debut on TikTok
Lidl Germany made a superb debut on TikTok on 27 April, with more than 36 million views for its #movelikelidl challenge on its first day! With its presence on TikTok...
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Takeaway.com gets the green ight: They can buy Just Eat
Britain’s competition regulator approved of online food delivery company Takeaway.com’s takeover of Just Eat, saying the USD 7.7-billion deal would not reduce competition. Amsterdam-seated Takeaway.com beat tech investment firm Prosus...
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Almost 8 from 10 people choose contactless payment
According to a recent global consumer survey – conducted by Mastercard in 19 countries in the first quarter of 2020 – 79 percent of shoppers choose contactless payment; the main...
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Online sales are thriving
Because of the extraordinary situation, for the first time Ecommerce Hungary organised its professional meetup on an online platform. The topic was the relationship between the global pandemic and e-commerce....
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Starbucks-Sequoia cooperation to make tech investments in China
Starbucks has started a partnership with venture capital firm Sequoia Capital China to invest in technology businesses in the world’s second-largest economy. The coffee chain told that along with investments,...
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Uber joins the Woolworths home delivery network
Uber grocery delivery at Woolworths will start in cities across Australia. Orders can be placed via Woolworths’ website or smartphone app, and the supermarket’s personal shoppers will handpick the items...
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Auchan opts for instant green solutions
In April 2020 Auchan Magyarország started phasing out single-use plastics from its product selection. From April the retailer is replacing plastic plates, drinking straws and cotton buds with eco-friendly alternatives...
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School bags for children in need
Courtesy of SIÓ-Eckes Kft., this year approximately 1,000 socially disadvantaged but diligent 6-10 year old pupils will get a new school bag and quality school supplies. SIÓ-Eckes Kft. and the...
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Nébih’s Viber campaign starts with stickers
A world-debut from the National Food Chain Safety Office (NÉBIH): the food safety authority can now be found on Viber. The 4-month campaign – which includes a game and free...
Read moreKSH: the Hungarian economy expanded in the first quarter
According to raw data, Hungary’s gross domestic product (GDP) grew by 2.2 percent according to the raw data, while the seasonal and calendar-effect adjusted balanced data shows a 2.0 percent...
Read moreMinister of Agriculture: the impact of the crisis on the Hungarian food economy
The role of safe food supply has increased, and the emergency situation is also strengthening consumer awareness. According to Dr. Nagy István, Minister of Agriculture that is why it is...
Read moreBudapest reopens in two weeks
On his Facebook page, Prime Minister Orbán Viktor announced the decision to reopen Budapest, after thorough discussions with epidemiological experts – portfolio.hu wrote. According to him, we have won the...
Read moreCsányi Sándor: agriculture is one of the most stable sectors of the national economy
The coronavirus crisis highlighted the importance of agriculture, proving that it is one of the most stable sectors of the national economy, and the stability of food supply in the...
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Car small markets
Thanks to the government’s supportive strategy, the number of local producer markets increased almost one and a half times between 2012 and 2019, from 117 to 298 – hirtv.hu wrotes....
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This is how seasonal workers from abroad can work in agriculture
A police decision has been issued on the conditions of entry and exit of seasonal agricultural workers to Hungary, as well as on the rules of their stay and quarantine...
Read moreUnprecedented Drought
Year after year, the droughts of early spring, such as this year, are becoming more and more common in Hungary, which certainly seriously endanger arable crops – agrarszektor.hu wrote. If...
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What to do if someone is unable to pay personal income tax
May 20 is the deadline for reviewing, supplementing and correcting the draft personal income tax prepared by the tax authority. One of the typical reasons for deviations from the return...
Read moreThe pandemic may bring a slowdown in globalization
The coronavirus could bring the fundamental transformation of global trade and a regression of globalization, according to economists interviewed by CNBC – portfolio.hu wrote. The Economist Intelligence Unit (EIU) in...
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Eurozone and EU GDP fell by record levels in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter, according to a preliminary report by Eurostat,...
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