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Eroski customers saved more than EUR 33m in the first half of the year
With discounts on more than 5,700 products, Spanish retail chain Eroski has saved shoppers a total of more than EUR 33m in the first half of 2024. More than 50%...
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Penny invests into urban convenience
German discounter Penny is modernizing its store segment of small, urban discount stores. Updating towards a stronger convenience-oriented concept avoids a direct confrontation with channel leaders Lidl and Aldi. The...
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Sales of Fairtrade products increased in Germany
Sales of Fairtrade products in Germany increased by 3% in the first half of 2024 compared to the same period last year, according to Fairtrade Deutschland Association. Banana, flowers and...
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Moët Hennessy invests in nonalcoholic champagne brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024. Moët Hennessy announced a significant minority investment in French...
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Russia’s X5 Retail Group Highlights Worker Shortage As Key Challenge
Labour shortages will be a major challenge for Russia’s largest food retailer X5 in the next decade, CEO Igor Shekhterman said, as he forecast sharp business growth over the next...
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KSH: retail turnover increased by 4.1 percent in August compared to the same period of the previous year
According to the raw data, the volume of retail sales in August increased by 3.2 percent, and adjusted for the calendar effect by 4.1 percent compared to the same period...
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Summa Cum Laude
This article is available for reading in Trade magazin 2024/10 In other words: everyone graduated with an excellent result from this year’s FMCG Open University at the Trade Campus, situated...
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The expansion of consumption has been unbroken for eight months, the growth of retail turnover accelerated to 4.1 percent in August
Based on the latest data from the Central Statistical Office (KSH), the trend of expansion of retail sales since January continued in August 2024, the Ministry of National Economy (NGM)...
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What are you going to be when you grow up?
What are you going to be when you grow up? – adults used to ask me when I was little. This article is available for reading in Trade magazin 2024/10...
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K&H: they took out insurance for the micromobility devices for slightly more than HUF 6,000 per year
Since the introduction of mandatory insurance for micromobility devices, K&H has signed contracts for almost 6,500 such vehicles, including scooters, the financial institution announced. The average price of insurance is...
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Road to “economic neutrality”: service exports
Analysts regularly deal with Hungary’s foreign trade balance and its impact on the economy, but mostly the product foreign trade balance is discussed. At the same time, it is also...
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There are more professionals performing physical work available on the labor market
Sorry, this entry is only available in HU....
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Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will play an important role in economic recovery, and the government is therefore opening up new financing opportunities for them –...
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Lidl Switzerland exported 3,000 tonnes of cheese last year
Lidl Switzerland exported more than 3,000 tonnes of cheese in 2023, accounting for around 5% of Switzerland’s European cheese exports. Despite a general decline in Swiss cheese exports, Lidl’s sales...
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Organic or non-organic? – Don’t be afraid to ask!
It is the joint effort of the Union and the Hungarian government to increase the proportion of organic farming within agriculture as high as possible. Accordingly, more and more places...
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Nébih: the distributor recalled a picking shovel with holes
Due to the release of primary aromatic amines, HOUSEHOLD DEPO Kft. recalled a pick shovel with holes from the market – the National Food Chain Safety Office (Nébih) drew attention...
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Amazon launches climate label in Belgium and Sweden
Amazon is expanding its “Climate Pledge Friendly” to Belgium and Sweden, making it easier for customers to filter searches to highlight products with sustainable features. The new label, in the...
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Seven & I in talks over the sale of its supermarket business
Japan’s Seven & I Holdings has approached private equity funds and other parties about a potential sale of its Ito-Yokado stores and supermarkets, Bloomberg News reported, citing people familiar with...
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Mondelēz’ SnackFutures Ventures Acquires Minority Stake In UK’s Urban Legend
SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, Inc., has acquired a minority stake in Urban Legend, a ‘better-for-you’ fresh doughnut and pastry business in the United Kingdom....
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The size of the production area in the domestic tobacco sector has stabilized
The actors of the sector threw themselves into this year’s work with confidence, the spring precipitation in most of the production area was good for the plants at the beginning,...
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Students from hospitality vocational schools saved the valuables of the Danube-side hotel
It was a very nice example of professional cooperation that the residents of Óbuda could see during this year’s Danube flood. More than two dozen students from two catering vocational...
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NGM: the food industry and pharmaceutical production are also performing well
Based on Friday’s data from the Central Statistical Office (KSH), some sectors of the Hungarian economy perform better, others worse, but the Hungarian economy as a whole is growing. In...
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FAO: The time has come to make the right to a healthy, nutritious and affordable diet a reality
The theme of this year’s World Food Day is “The right to food for a better life and future”. The message serves as a timely reminder that all people have...
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The international listing of sugar led to an increase in the price of the main food commodities
According to the Friday report of the Food and Agriculture Organization of the United Nations (FAO), in the past year and a half, September saw the fastest growth in the...
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Not only is the price of coffee rising, its consumption is also increasing, according to data from Coca-Cola HBC Hungary
In the period from September last year to the end of August this year, the value of the Hungarian retail coffee market increased by about 1 percent, while the reorganization...
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The size of the production area in the domestic tobacco sector has stabilized
The actors of the sector threw themselves into this year’s work with confidence, the spring precipitation in most of the growing area was good for the plants at the beginning,...
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Growing egg consumption in Hungary: eggs are an increasingly popular staple food
Since the low point of the 1990s, egg consumption in Hungary has been continuously increasing, which is also facilitated by campaigns promoting the product, said Gergely Pákozd, vice president of...
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Online subscription loyalty schemes are about to take off in Hungary
According to a representative survey by PwC (earlier GKID) for eMAG, the most attractive benefits of subscription loyalty schemes are a discount on the total purchase amount (30%) and free...
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Two Hungarian cities where local young people are shaping a sustainable future
Flash floods, unprecedented storms, drought and extreme heat waves, scorching urban concrete sea in summer. In winter, black smoke billowing from chimneys, air pollution, gas and electricity bills that are...
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With value-adding recycling for sustainable food production: Secondtaste and Cseles were introduced
The food industry places more and more emphasis on sustainability, and one of its important elements is value-adding recycling, which makes quality products from waste. Júlia Dalmadi, the founder of...
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