Market News
Auchan cuts costs and jobs
Auchan‘s management is taking out the hatchet: the loss-making French food retailer is to cut nearly 2,400 jobs, close ten unprofitable stores and discontinue its home delivery business. Auchan announced...
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The agrarian reforms of 100 years ago still carry an important message today
“We remember a forward-looking thinker who laid the foundation for the concept of rural development and ecological sustainability,” said Sándor Farkas, deputy minister of the Ministry of Agriculture, at the...
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Aldi Süd expands its fresh food network
Aldi Süd is expanding its network of fresh produce platforms in the fruit and vegetable sector, with the opening of a new site near Karlsruhe at the end of 2025,...
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Morrisons supports farmers by introducing “environmentally friendly” white eggs
Morrisons is adding white eggs to its Chuckle Eggs range as part of its “For Farmers” scheme, which will see 6p for every six dozen eggs sold go to farmers....
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Mondi increases its presence in Western Europe via acquisition
Packaging firm Mondi has entered into an agreement to acquire the packaging operations of Schumacher Packaging in Germany, Benelux and the UK. The acquisition will add around one billion square...
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Just Eat Takeaway is losing market share
Just Eat Takeaway reported a 6% drop in the number of orders placed in the third quarter at 211.1 million, with the decline particularly significant in the US at minus...
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Amazon’s latest concept, Amazon Grocery opens in Chicago
Amazon’s latest experimental supermarket has opened on 3,800m² in Chicago’s upscale Near North Side neighbourhood. The e-commerce giant’s store, called “Amazon Grocery”, is located in a space formerly used as...
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Bolt and Starship launch autonomous home delivery service in Estonia
Estonian firms Bolt and Starship Technologies have launched an autonomous grocery delivery service in Tallinn. It is the first of its kind in Europe and is the result of a...
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Jumbo uses zero-emission vehicles to deliver goods to Amsterdam stores
Dutch company Jumbo is using zero-emission electric trucks, called “Oxygen”, to deliver goods to its stores in Amsterdam. The recently acquired vehicles were developed by Renault Trucks in collaboration with...
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Carrefour teams up with Bringo to collect packaging waste in Romania
In partnership with food delivery service Bringo, Carrefour is collecting used packaging in Romania. As part of the initiative, customers of any Carrefour hypermarket will be able to return empty...
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Arla Foods to buy Egyptian dairy company
Arla Foods has made an acquisition offer for Egypt’s Arabian Food Industries Company (Domty), with a price per share of EGP 31.48, representing a total consideration of EGP 8.897m (EUR...
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SPAR opens state-of-the-art logistics centre in Croatia
On 9 October SPAR opened a new logistics centre in Donja Zdenčina, near Zagreb, in Croatia. The 75,000m² centre represents a significant step forward in supplying 140 SPAR and INTERSPAR...
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Mastercard Digital Payment Index moves up
In 2023 Hungary stood at 62 points in the Mastercard Digital Payment Index (DPI), which analyses the progress of digitalisation in payments – this was an increase of 11 points...
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Innovation, sustainability and Hungarian identity in the logistics market
The Foxpost story began as a Hungarian start-up in 2014, with the goal of offering a convenient, sustainable and efficient parcel delivery solution for online shoppers. This article is available...
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Soproni’s “rock” promotion comes to an end
Nearly 23,000 votes were cast by music-loving beer fans in the Soproni beer competition. Participants of the nationwide promotion could win an exclusive Tankcsapda concert for their favourite pub. Out...
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Unilever to invest EUR 75m in Nyírbátor
Unilever is bringing the manufacturing of a new product category and global beauty brands to Hungary: Axe, Rexona and Dove aerosol deodorants will soon be made here. The new factory...
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Big steps forward in Gyöngyös
With the financial support of Procter & Gamble, the renovation of two temporary homes in Gyöngyös has been completed. P&G and four of its brands – Oral-B, Head & Shoulders,...
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It is worth choosing domestic poultry for St. Martin’s Day
This year too, goose steak cannot be missing from the Martin’s Day table. According to the overview of the National Chamber of Agriculture and the Poultry Product Council, there is...
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Before St. Martin’s Day: can we expect an increase in prices for geese and ducks?
On November 11, St. Martin’s Day, it is customary to eat goose, and according to this, goose roast is an indispensable delicacy in Hungarian kitchens. However, due to the bird...
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Extraordinary consumer protection inspections are being launched at food courier companies
The Ministry of National Economy, which is responsible for consumer protection, is launching an extraordinary consumer protection investigation at the largest food courier companies, Márton Nagy’s ministry announced. The measure...
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They are further tightening the rules for exchanging glass: new restrictions in supermarket chains
Some supermarket chains have introduced new restrictions in the glass redemption system, which affect not only the maximum limit of the amount that can be paid, but also when the...
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Omnichannel Scale 2024: How can Hungarian retailers remain competitive?
The Omnichannel Scale 2024 study gives a comprehensive overview of how retailers can seize the opportunities, while facing the challenges of implementing an omnichannel strategy. This article is available for...
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Hungarian AI software rewrites the international business world in hospitality
AI-powered Everguest Intelligence offers a complete solution for the everyday tasks of tourism and hospitality professionals. This article is available for reading in Trade magazin 2024/10 100% Hungarian developed Everguest...
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The Association of Managers’ Countries and the National Association of Entrepreneurs and Employers signed a cooperation agreement for the future of management training
The National Association of Managers and the National Association of Entrepreneurs and Employers (VOSZ) solemnly signed their strategic cooperation agreement, which strengthens the cooperation between the two organizations in the...
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A wave of fee increases is coming at domestic banks
Significant fee increases are expected at Hungarian banks from January 2025, after the stop on fee increases previously introduced by the government expires. OTP Bank has already announced the new,...
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According to a study, e-mobility is also expanding in domestic transport
The greening of freight transport is inevitable, and the proportion of e-vehicles in Hungarian logistics will increase in the next five years, according to industry research commissioned by Siemens. The...
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K&H: the “money teachers” competition starts
K&H has introduced a new special award called “K&H TikTok money teacher” for the 15th anniversary season of K&H Vigyázz, ready, money! in the framework of a financial competition, K&H....
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Lidl GB To Open 10 New Stores Before Christmas
Lidl GB has announced an expansion programme that will open ten new stores and create around 400 new jobs across the UK before Christmas. The expansion plan includes locations at...
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Curly hair, skin care, and sun protection lead 2024 beauty trends
There is an increasing demand for products tailored to curly, coily, and Afro-textured hair. Curly hair care, proactive skin care, and multifunctional sun care are driving new product launches and...
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Sándor Czomba: the number of registered job seekers continues to decrease
Based on data from the National Employment Service, there were 226,219 registered job seekers in October 2024. Their number decreased by 2,000 compared to the previous month, and slightly further...
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