Market News
Numerous developments and recognitions on last year’s balance sheet
Lívia Jeszenszki, the CEO of Reál Hungária summarised what last year was like for the chain. Reál Hungária Kft. met its 2022 targets: earnings were up if compared with 2021. Electricity...
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This year’s first eGN announcement has been published
On April 20, 2023, the legislation related to the submission of uniform applications for 2023 entered into force, which states that farmers can keep the farm diary both electronically and...
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Carrefour And Publicis Groupe Launch Joint-Venture
Carrefour Group and Publicis Groupe have launched a joint-venture named Unlimitail to address the retail media market in Continental Europe, Brazil and Argentina. The launch of the company comes six...
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Unilever partners with Co-op and Fareshare to donate products to local communities
Unilever has partnered with Co-op and FareShare to donate a range of products across its homecare, personal care and food portfolios to support local communities amid rising costs in the...
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Hungarian melons are available from the weekend! Producers expect good quality
From the weekend, domestic melons are already available – in smaller quantities – in shops and markets, and from the beginning of July the range will continue to expand. Producers...
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Coffee research group progresses on naturally decaffeinated varieties
A Brazilian coffee research institute has started a decisive stage in a two-decade project to develop arabica coffee varieties that are naturally decaffeinated, a development the researchers think could have...
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Domestic producers are encouraged by the start of a rise in European crop prices
The war and the sanctions in agriculture resulted in a new situation in field crop cultivation, which was used to stability and security in the previous decade, said Zsolt Feldman,...
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Penny strengthened further last year, and the expansion doesn’t stop
Trade magazine interviewed Eszter Kazatsay, Penny’s head of corporate communications. – What was the most important event in the company’s life last year? – PENNY reached another important milestone last...
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French online retailer Picnic launches private label range
Online supermarket group Picnic, which is present in the markets of the Netherlands, Germany and France, has unveiled a new range of 2,000 private label SKUs, as part of its...
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New innovations from the Hulala brand: vegan products for a conscious lifestyle
This year the Hulala brand launches several new innovations. One of these is the vegan range that debuted in May 2023, which targets both vegan and flexitarian consumers. Hulala spray...
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Vegan strongman Viktor Jakab finished second in the CESA competition
On 29 April the 2nd round of the Central European Strongman Association’s (CESA) STRONGMAN LEAGUE was organised in Bodrog, where vegan strongman Jakab Varga finished 2nd. The athlete has been following...
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Belgian Government Orders Food Industry To Lower Supermarket Prices
The Belgian Federal Minister for the Economy, Pierre-Yves Dermagne, has given a mid-July deadline for food producers to bring down supermarket food prices. “It is not acceptable that when prices...
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Bunge and Viterra agree mega-merger to form global agribusiness powerhouse
Bunge has entered into a definitive agreement with Viterra, together with certain affiliates of Glencore PLC, Canada Pension Plan Investment Board and British Columbia Investment Management Corporation, to merge with...
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Energy independence is also important for agriculture
Anikó Juhász, Deputy Secretary of State responsible for agriculture, during his professional visit to Olawa in Poland, spoke about the changes and crises affecting agriculture, that all these highlighted that...
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More promotions and low prices – this is how Lidl helps Hungarians
Judit Tőzsér, head of company communication with Lidl Magyarország speaks about 2022 and this year’s plans. – What was 2022 like for Lidl? – Thanks to our large selection of...
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Survey on the Hungarian consumption of plant-based foods
In April Danone and NMS did a representative survey, which revealed that today the main reason for eating plant-based food is health, but only 8% of consumers are forced to...
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A lifeline for digitizing companies: instead of outsourcing, it is worth borrowing expertise
According to recent reports, the technology industry already accounts for 35% of the entire world market, while innovations appear every day that turn entire segments upside down. Even companies with...
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EY: The number and efficiency of tax audits increased significantly last year
NAV is knocking on more and more doors: after years of stagnation, not only did the number of tax audits increase last year compared to the 2021 data, but the...
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The nationality ratio among foreign workers seems to be reorganizing
In the coming years, it is necessary to increase the number of employees by about 500,000 people, and for this the employment of foreign workers is essential – highlights Magdolna...
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ChatGPT receives a challenger
The world’s number one open source Large Language Model (LLM) has been publicly introduced and widely available. Falcon 40B, which has a capacity of 40 billion parameters and was trained...
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SPAR expansion in Croatia
SPAR continues to invest in the expansion of its retail network in Croatia. In April 2023 SPAR invested over EUR 4m in a cutting-edge INTERSPAR hypermarket in Kukuljanovo. The new...
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Tesco mini shops at more Shell service stations
Convenient shopping and refueling in one place – this is what Shell and Tesco’s joint innovative service has been providing to Shell’s domestic customers since 2019. An increasing number of...
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Lidl Introduces New Packaging For Strawberry Range
Lidl has introduced new packaging for its strawberry range. The discounter explained that this industry-first packaging update will result in 9.3 tonnes of plastic, or the equivalent of 375,000 bottles,...
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Coca-Cola HBC To Buy Finlandia Vodka Owner
Coca-Cola HBC AG said that it plans to buy Finlandia vodka brand owner Brown-Forman Finland Oy from Brown-Forman Netherlands BV for $220 million (€201.2 million), as the bottler expands its...
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Italy’s Agriculture Lobby Calls For Less Foreign Wheat To Save Farmers, Pasta
Italian farmers and consumers are demanding that the government limit foreign durum wheat imports to keep domestic producers in business and ensure greater food security. Prime Minister Giorgia Meloni has...
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Uber to cease food delivery in Italy, exit Israel
Uber said it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts...
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According to a survey, career starters want a salary of half a million forints
Since last year, the wage demands of career starters have increased significantly, those between the ages of 18 and 25 now want a salary of around half a million forints,...
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Intimate hygiene: only comfortably!
According to NIQ data, the total menstruation product market grew in both value and volume, from 2021 to 2022. This article is available for reading in Trade magazin 2023/6-7. ...
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BDO: The regulation on mandatory corporate sustainability reporting is already on the finish line
In April 2021, the European Commission adopted a legislative proposal for the Corporate Sustainability Reporting Directive (CSRD). This proposal requires covered companies to report in accordance with the European Sustainability...
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GVH: it may be illegal to pass on the manufacturer’s waste management fees to customers
From the point of view of competition law, the co-ordinated passing on of the waste recycling fees charged to the manufacturer and, in the case of foreign production, the distributor,...
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