Market News
A surge in voucher use
Rewin has had an excellent start to its first full financial year, after taking over Edenred’s voucher business in early November 2023. Since the beginning of January, businesses can cut...
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Decade-long partnership with Hungarian wineries
Promoting Hungarian products and export increasing activities have always been important for Lidl Magyarország. The chain decided back in 2014 to give priority to popularising excellent Hungarian bottled wines as...
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The membership fee determination and payment period has begun at the Chamber of Agriculture
The period for establishing and paying membership fees for economic organizations, primary producers and individual entrepreneurs at the National Chamber of Agriculture (NAK) began on June 1st, the deadline for...
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Tesco launches marketplace to become one-stop shop online
Tesco has launched an online marketplace allowing customers the ability to shop thousands of third-party products when buying their groceries. The supermarket said the addition of a marketplace will make...
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Molson Coors takes Peroni Nastro Azzurro production in-house for US
Molson Coors is moving the production of its licenced Italian beer brand Peroni Nastro Azzurro to the US. The US brewer will start production of Peroni Nastro Azzurro in-house at...
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Amcor: packaging and recyclability also play a role upon coffee purchasing
A recent research conducted by Amcor reveals that European coffee consumers prioritise factors such as taste, aroma, brand, and price when selecting coffee. But, sustainability claims such as recyclability also...
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The test results illustrating the condition of Hungarian soils will soon be available to everyone
The results of the soil protection laboratory tests carried out in Hungary will soon be available to all interested parties. The data will greatly support research related to one of...
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Be careful when buying plants from abroad!
Did you like a plant during your holiday outside the European Union and would you like to take it home?Do not do it! We can bring not only a beautiful,...
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KSH: the production of food, beverages and tobacco products expanded compared to a year earlier
In April 2024, the volume of industrial production exceeded a year earlier by 6.4 percent, while adjusted for the working day effect it was 2.4 percent lower than a year...
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Nine out of ten Hungarians do not eat enough vegetables and fruits
Only 10% of us eat the amount of vegetables and fruit recommended by the World Health Organization, i.e. at least 5 servings of vegetables and fruit per day, according to...
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Edeka to build a recyclable supermarket
Edeka is building its latest store in Braunschweig using the sustainable “Triqbriq timber construction system”. This article is available for reading in Trade magazin 2024/6-7 This is the first time...
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Privát Card’s successful debut
For Kerekes Kft.’s Privát store network the biggest event of 2023 was the launch of the loyalty card scheme in July. This article is available for reading in Trade magazin...
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The number of companies connected to the French food industry operating in Hungary has also increased
There are 544 French-owned companies operating in Hungary, almost 11 percent more than in 2020, with almost 49,000 employees, and their annual sales revenue is more than 13 billion euros,...
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Dentsu: This year’s outlook for the global advertising market has improved
The total value of global advertising spending is expected to reach 754.4 billion dollars this year, which represents a 5 percent increase compared to 718.6 billion dollars in the previous...
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The pasta market is buzzing
Last year’s drop in real wages also led to a few percent decline in volume sales in the pasta market. This article is available for reading in Trade magazin 2024/6-7...
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Agrarszektor: this is why Hungarian agriculture is lagging behind
It is worthwhile to be more efficient and advanced in agricultural production, but it is difficult to grasp how this should be achieved, knowing that Hungarian agricultural production differs significantly...
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The rules on the import of Ukrainian products into the EU without customs duties and quantitative restrictions came into force
The legislation that extends the import of Ukrainian products into the EU without customs duties and quantitative restrictions has entered into force, the European Commission announced on Thursday. According to...
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Smurfit Kappa acquires Bag-in-Box plant in Bulgaria
Smurfit Kappa, one of the world’s leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant located in Shumen,...
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The turnover of agricultural machinery fell by more than 50 percent
The willingness of Hungarian farmers to purchase machinery continued to rise continuously for years, until the first quarter of the previous year.In recent years, thanks to the call for tenders...
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Walmart launching beta of customer behavior solution for suppliers
Walmart will provide a broader range of shopper insights to its supplier partners. On Wednesday, June 5, 2024, the retail giant’s Walmart Data Ventures division is rolling out the beta...
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Switching Food And Drink Purchases Could Reduce Greenhouse Gas Emissions By A Quarter
Switching food and drink purchases to more environmentally-friendly alternatives could reduce the greenhouse gas emissions from everyday grocery purchases by more than a quarter, a new study has found. The...
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Customer satisfaction is our best investment!
Auchan focuses on customers in every way, emphasises Viktória Lucenko, CEO of Auchan Magyarország Kft. “In addition to the economic downturn, the continuous increase in sourcing prices, rising costs and...
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A replenished Agricultural Damage Mitigation Fund helps producers affected by the damage
The reassuring information for the farmers who suffered damage this year is that about HUF 25 billion is available in the 2024 damage mitigation fund from the payments of the...
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KSH: in April, retail turnover increased by 3.2 percent compared to the same period of the previous year
In April 2024, according to the raw data, the turnover volume of retail trade increased by 3.7 percent compared to the same period of the previous year, adjusted for the...
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In the euro area and the EU, retail sales decreased on a monthly basis in April
In a monthly comparison, retail sales in the euro area and the European Union decreased in April. According to data published on Thursday by Eurostat, the statistical office of the...
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FMCG retailer ranking 2023 is out now
Lidl, SPAR and Tesco are the top three, but there are changes! FMCG retail had a difficult year, with the inflation – which was particularly high in the sector –...
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OKSZ’s food retailer member companies are at the forefront of food donation
The reduction of food waste is treated as a priority task by international or mixed-owned food retailers operating in Hungary. Waste loss is reduced to a minimum with automated product...
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NGM: the recovery of consumption continued, the volume of retail trade increased again in April
Overall, the significant increase in retail turnover indicates that as a result of the government measures, consumption is in the recovery phase, this process is substantially supported by the suppression...
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According to the association of egg producers, Penny Market threatens the Hungarian market with cheap imported eggs
Cheap foreign table eggs have appeared in Penny Market’s Hungarian store network, according to the Association of Hungarian Egg Hybrid Breeders and Egg Producers, the store chain’s move could lead...
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Innovation Day for the fourth time this year
This year’s Innovation Day event and the awards ceremony of the Inno d’Or – Innovation of the Year 2024 competition was organised at Hungexpo on 16 May. This article is...
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