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SPAR Austria To Combat Food Waste With Digitalisation

Retailer SPAR Austria is aiming to minimise food waste in its stores through new methods, including increased digitalisation of the group’s inventory. In cooperation with  the company’s IT unit, Microsoft, and...

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Premier Foods to buy The Spice Tailor for GBP 43.8m

Premier Foods is acquiring South East Asian meal kits brand The Spice Tailor for GBP 43.8m. In the 2022-2023 financial year the acquisition is expected to generate a revenue of...

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The European apple crop may be weaker than expected

WAPA (World Apple and Pear Association) has reduced its forecast for the European apple harvest by 90 thousand tons – the FruitVeb Hungarian Vegetable and Fruit Association and Product Council...

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Tesco rolls out first dairy-free milk drink range under its Wicked Kitchen label

Tesco’s plant-based label Wicked Kitchen has rolled out its very first dairy-free milk drink. There are four variants available: oat, coconut, soy and almond. Products in the dairy-free range contain...

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A significant crop loss is expected in sweet corn due to the severe drought

The sector is in trouble: in addition to the extraordinary economic situation caused by world political and economic events, and the explosive increase in costs, this year nature is spectacularly...

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GKI: this is how overheads increased, and this is how it will affect the budget

The consumer price index in August 2022 was 15.6% compared to August 2021, while the harmonized price index was 18.6%. Of this, 1 percentage point is explained by fuel purchases...

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“Buttery” bacteria discovered to convert sugar in plant-based drinks into natural flavor

Scientists at Denmark Technical University National Food Institute have discovered a new butter flavor to improve the taste of plant-based dairy. “We have been working with butter and fermented dairy products...

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How one Silicon Valley startup is using computer vision to make shopping frictionless

Silicon Valley startup AiFi (pronounced like “wi-fi”) is the driving force behind no fewer than 86 “computer-vision powered” autonomous stores in North America, Asia, Europe, and the Middle East. AiFi...

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Eggs may soon cost 100 HUF

Since the price of fodder is one of the biggest cost factors for livestock keepers, war and drought send the price of not only fodder, but also meat, eggs and...

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It is not enough that bread has become more expensive by 70 percent, it can be even more expensive

Escaping overhead is also a serious problem for Hungarian bakery businesses – Pénzcentrum points out in a recent article. And although the Hungarian Bakers’ Association does not yet have specific...

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India restricts its rice exports, which could cause a humanitarian disaster

India is also limiting its rice exports, after both exports and domestic prices increased due to the rise in world market prices in the recent period. India, the world’s second...

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The impact of covid on consumer habits continues to this day

The spread of the COVID-19 pandemic has affected consumer behavior in an unprecedented way. The purpose of the research presented by Portfolio was to assess the impact of the lockdown...

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Road carrier costs increased by 22-23 percent in the first half of the year

In the first half of 2022, the Road Transport Price Index (KFX), which shows the costs of Hungarian road carriers, shows an increase of around 22-23 percent compared to the...

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POP trade day

On 23 June a small but enthusiastic group of POPAI members visited the Artmacth POS factory in Timisoara. Everything at the same place Ágnes Péczely-Tóth, head of sales and marketing...

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Japan’s Wholesale Inflation Hits 9% As Price Rises Broaden

Japan’s wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, signalling that persistently high raw material costs continued to squeeze corporate...

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Employing people with disabilities is a help for many companies

Four out of ten Hungarian companies have employees with disabilities, and the majority of employers reported positive experiences with joint work. In the vast majority of cases, the integration of...

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This is how SPAR responds to current consumer trends

They have little time for cooking, they prefer single, pre-packaged packages, they are health-conscious: they are the so-called “convenience customers”, for whom the team of SPAR and Street Kitchen now...

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The arable area increased by 32 thousand hectares compared to last year

The size of the agricultural area is 5 million 81 thousand hectares, almost 55 percent of the country’s area, the arable area increased by 32 thousand hectares in one year,...

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BDO: Foreign VAT can only be reclaimed by the end of the month

In Hungary, September 30, 2022 is the deadline by which the VAT paid abroad in 2021 can be reclaimed – Dr. Brigitta Mucsi-Szabó and István Rácz, the tax managers of...

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Hungary’s first gold-crowned confectioner

The memorial exhibition organized in honor of Henrik Spelter, who was born 140 years ago, can be viewed at the Hungarian Trade and Catering Industry Museum until November 20. What...

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UK Grocery Inflation Hit New High Of 12.4% In August, Says Kantar

Grocery inflation in the UK hit 12.4% in August, new data from Kantar has revealed, setting a new record for the British marketplace. In the 12 weeks to 4 September,...

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Aldi to recruit an official beer taster in the United Kingdom

Aldi says its future beer taster should have a passion for beer and “pints of enthusiasm”, as they would have to review the full product range, which debuts on 15...

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The fruit and vegetable producer organizations have only two days left to make an important decision

Fruit and vegetable producer organizations or their associations, whose approved operational program extends beyond December 31, 2022, must submit an application by September 15, 2022 regarding the form in which...

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The development potential is there in the soybean sector

The Hungarian Soybean and Protein Plant Association takes the lion’s share in the transfer of knowledge related to soybean cultivation, one of the important locations of which is the roadshow...

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Alcampo buys 235 DIA stores

Auchan’s Spanish subsidiary Alcampo has agreed to buy 35 supermarkets and a warehouse from DIA Group. The acquisition will increase Alcampo’s existing network by more than 180,000m² of sales area....

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What about the future os paper cups in Hungary?

The EU directive on the reduction of the environmental impact of certain plastic products, known as “SUP”, has introduced a consumption reduction provision for beverage cups, with a measurable reduction...

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It’s worth adapting the operations of companies to sustainability expectations

In the short term, it entails costs, but it’s worth it to adapt the companies’ operations to sustainability expectations – Opten told MTI on Monday. The survey data show that...

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Pet food manufacturer Fressnapf is establishing a new service center in Budapest

The German Fressnapf, Europe’s largest manufacturer of pet food and equipment, will establish its service center employing 150 workers in Budapest – announced Levente Magyar, the parliamentary state secretary of...

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EU Spirits Exports Increase By 24% In 2021

EU spirits exports increased by 24% in 2021 compared with the preceding year to reach a value of €8.41 billion, according to spiritsEUROPE, which represents producers of alcoholic spirits at the...

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