Market News
SPAR to give 13th-month salary to workers
SPAR Hungary has decided to give employees a 13th-month salary, which will constitute an extra income for 13,000 workers before Christmas. Head of communications Márk Maczelka told that in 2016 the...
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Autumn wine fair in Auchan stores
Once again Auchan organised a wine fair and tasting event in October, the goal of which is to promote quality wines. For three weeks 1,100 types of wine, champagne and sparkling...
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SPAR builds new factory in Üllő
From more than HUF 1.2 billion SPAR Hungary is building a new production plant in their logistics centre in Üllő, where mayonnaise salads and sandwiches will be made. Head of communications...
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Hungary’s only duty-free zone established in Záhony
The Association of Hungarian Logistics Service Centres (MLSZKSZ) has welcomed the fact that the Ministry for National Economy (NGM) designated a 17,400m² duty-free area in Záhony’s free business zone. Hungary’s only...
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Penny Market starts selling OTC drugs
Penny Market has started selling OTC drugs – reported market survey specialist HiperCom in its newsletter. In the retailer’s promotional leaflet, published on 21 September 2017, two pages were dedicated to...
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Two-digit growth for dm
Drugstore chain dm closed the 2016-2017 fiscal year with a 10-percent sales growth and 259 stores in Hungary. Sales represented a value of EUR 302 million – announced dm at a...
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A sweet end of year
End-of-year holidays are unimaginable without home-made biscuits and cakes. According to Henrietta Csicselyné Biró, key account manager of Thymos Hungária Kft., in this period television programmes, magazines and the internet are...
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New vegan product range in SPAR stores
SPAR Hungary has started selling Veganz products. The new range consists of more than 60 products, which are made in Germany, from organic plant-based milks to natural sweeteners and various sweets...
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Software company to conquer the world from Budapest
Like-for-like sales of business administration software company Kulcs-Soft were up 16 percent at HUF 768 million in the first half of 2017. The company’s profit increased by 19 percent. Kulcs-Soft’s latest product...
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Tesco lowers the sugar content of its soft drinks
Tesco has significantly reduced the sugar content of its 42 private label soft drinks: from October Tesco stores only sell soft drinks with maximum 5g sugar per 100ml. Thanks to this...
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Intersnack buys 200 tons of Hungarian seasoning paprika this year
Intersnack, the manufacturer of Chio and PomBär products, is buying 200 tons of ground seasoning pepper from Hungarian producers this year. The paprika is transported to Intersnack’s factory in Germany...
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Auchan raises wages again
Auchan Retail Hungary has concluded an agreement with the Trade Union of Commercial Employees (KASZ) and raises the wages of store staff by 13.6 percent as of 1 November 2017. The...
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Penny Market logistics centre opens in Veszprém
On 17 October Penny Market opened their new logistics centre in Veszprém. The 10-hectare facility was built from a HUF 9-billion budget and created 150 new jobs. The new logistics centre will...
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Three SPAR stores reopened
SPAR Hungary invested more than HUF 1.2 billion in modernising a store in Kisbér and another two in Budapest. Head of communications Márk Maczelka told: SPAR will continue their shop modernisation...
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Tesco against breast cancer
In October Tesco joined the fight against breast cancer: as part of the Go Pink! international campaign, between 1 and 31 October those who buy mushroom with the pink sticker...
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Big city dreams
Drugstore chain Rossmann has launched their first private label bed linen set. The set is called Urban Legend and items are made from high-quality textile, with decoration inspired by emblematic Budapest...
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Banana, rolls and toothbrush were the hit products in summer ALDI stores
ALDI opened temporary stores at three summer music festivals (VOLT, Balaton Sound, Sziget) and at the 17th FINA World Championships, which served more than 200,000 customers. Top products included banana, cherry tomatoes,...
Read moreKSH: Retail sales increased more than previously expected
In August, retail sales volume grew by 4.7 percent over the same period of the previous year, according to the raw data and calendar effect adjusted – according to the...
Read moreThis year’s maize yield has decreased by at least a quarter
This year’s maize yield decreased significantly, by 25-30 percent, compared to last year’s record, but quality is still good – the Concordia Közraktár Zrt. told MTI on Tuesday. According to...
Read moreNGM: Growth in retail sales may continue
Growth in retail sales may continue in the next few months, fueled by the upcoming holiday season and the boost in the construction industry – Pomázi Gyula, the Deputy Minister...
Read moreAtradius: GDP can increase by 3.5 percent next year
Next year, the Hungarian economy may grow larger than expected, and growth will outperform most of the Central and Eastern European economies the Atradius Credit Provider forecasts. According to the...
Read moreGlobal wine production hits 50-year low
Due to the bad weather conditions in western Europe, this year’s world wine production is expected to decrease by 8 percent reaching decades-long lows, according to a survey of the...
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Hungarian competitiveness has improved
Since 2003, the World Economic Forum publishes the competitiveness ranking of countries in the world. This year, the organization surveyed a total of 137 countries. Hungary has improved 9 place...
Read moreGKI’s growth index has declined
In October, the GKI’s economic activity index fell slightly in October compared to its historic peak of September. This is a consequence of the deterioration of business expectations, however consumer...
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Hungarian exports can exceed 100 billion euros
This year, the growth in Hungarian exports is dynamic again: from the 71 billion euros of 2010 it will increase above 100 billion euros, by the end of this year....
Read moreHungarians continue to be espresso-consumers
The regular restaurant guests consume coffee at the end of lunch or dinner – tozsdeforum.hu reports Nespresso’s representative HORECA coffee consumption survey. The Hungarian population is still characterized by espresso-consumption,...
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23 percent of women buy shoes in Chinese stores
In the last six months, Hungarians bought average 2.3 shoes, but the number is greatly varied depending on the number of children in the household – GfK told vg.hu. In...
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Milka’s new wavy chocolate is made in Székesfehérvár
Milka Waves, the company’s new wavy chocolate tablet is made in the Székesfehérvár factory for the whole European market. The new product was officially launched on 22 September László Pál, factory...
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Hundreds of millions of hectares are waiting for agriculture in Africa
This year, Akinwumi Adesina, Chairman of the African Development Bank, received the World Food Prize. The international recognition was founded in 1970 by the Nobel Peace Prize winner Norman E....
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Growth in the euro area has slowed
The performance of the private sector in the euro area has slowed down in October slightly, but employment has been expanded to a decade high level. According to the first...
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