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The OECD’s economic growth slowed in the third quarter
The combined economic growth of the OECD member countries slowed down in the third quarter, compared to the previous quarter. According to tentative data posted on the Organization for Economic...
Read moreMore and more packaging waste is generated in Germany
More and more packaging waste is generated in Germany. According to the report of the Federal Environment Agency(UBA) released on Monday, the amount per person exceeds 100 kilograms a year....
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Magazine: Beautiful, natural
According to data from L’Oréal Magyarország, decorative cosmetics sales grew in 2018 and 2019, in both value and volume. However, the growth rate decreased and is likely continue this trend in...
Read moreAM: this year’s grape harvest may exceed 4 million tons
Corresponding to an average year, more than 400 thousand tonnes of grapes could be harvested this year by Hungarian farmers, so it is expected that about 3 million hectoliters of...
Read moreKSH carries out an Agricultural Census
The Central Statistical Office (KSH) carries out the collection of agricultural data between 15 November and 15 December. The results of the survey – which covers 484 settlements in the...
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MNB: household savings reached 4.2 percent of GDP in the third quarter
In the third quarter of this year, households accumulated savings of 931 billion HUF and borrowed 422 billion HUF, increasing their net financial assets by 508 billion HUF, which is...
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FIVOSZ more and more young people are thinking about starting a business
Over the last ten years, more and more young people have been thinking about starting a business, – Kovács Patrik, president of the National Association of Young Entrepreneurs (FIVOSZ) told...
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410 actions to raise awareness to waste reduction this week throughout the country
Boros Anita, the Minister of State of the Ministry of Innovation and Technology, announced at the press conference of the European Waste Reduction Week in Budapest that the number of...
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Digital Ad Spend Doubles in Central and Eastern Europe
weCAN, the network of independent advertising agencies of Central and Eastern Europe launched its 5th annual publication called CANnual Report at their conference in Bucharest on the 7th of November....
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Pricing and promotions through the eyes of the consumer
Food prices are rising and shoppers are worried – reveals the latest Nielsen ‘Shopper Trends’ survey. Back in 2017 growing food prices was only the 6th biggest shopper concern, but...
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This is how the families of 25-34 year olds are shopping
Euromonitor International has published a report, titled ‘Millennial Parents: Transforming Family Life’. It contains the results of a global survey on the habits of Generation Y – 25-34 year old...
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The future is sustainable
Sustainability is one of the hottest topics all over the world and 2019 is the year when smart product manufacturers and retailers have tested really innovative things in their efforts...
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More than 30 billion forints for winemakers’ development projects
Within the framework of the Rural Development programme, HUF 35 billion has been granted as funding for winemakers. The plan of the Ministry of Agriculture is to promote the sales...
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Growing sales for laundry detergent capsules
In the first 9 months of 2019 the number of laundry detergent capsule buying households kept growing, and liquid/gel products also acquired new buyers. If we want to simplify things...
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Cosmetics industry: More money spent on advertising
Zenith’s Beauty Advertising Expenditure Forecasts reveal that the global cosmetics industry’s spending on advertising grew from the -1.2 percent in 2018 to 2.7 percent in 2019. What is more, beauty...
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Food prices up more than 5 percent
Consumer prices were 2.9 percent higher in October 2019 than in October 2018. Food prices jumped 5.4 percent. Pork’s price augmented the most, by 15.5 percent. The price of bread...
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Slower growth, but lower inflation too
Economic growth was 5.1 percent in Hungary in the first half of 2019. This growth rate was the fastest in the EU – three times faster than the average. The...
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Pig prices skyrocketed
The Food and Agriculture Organisation (FAO) of the United Nations forecasted in November that the world’s pork output would reduce by 8.5 percent to 110.5 million tons this year, in...
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Intensive fish farming has a stable future
Ferenc Lévai, CEO of Aranyponty Zrt. informed that cultivating fish in lakes is less profitable than other forms of farming, the rate is about 4-5 percent. The mains reason behind...
Read moreInnovation and sustainability are the keywords in the FMCG market
KNK PR & Média and Magyar Termék Nonprofit Kft. organised the Agóra conference in the Etyek Film Park. In his keynote speech Róbert Zsigó, secretary of state responsible for food...
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Amazon offers grocery delivery at lower prices in Germany
Amazon announced that it would reduce the monthly membership fee for Fresh in Germany to EUR 7.99 from EUR 9.99, and will also cut the additional delivery fee for orders...
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Coca-Cola rolls out new sparkling mineral water brand
Coca-Cola’s new sparkling water line, AHA will debut in the USA in the spring of 2020. Flavoured sparkling water has become a popular alternative for shoppers. In 2018 flavoured sparkling...
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Dino Polska opens more than 130 new stores in the first nine months of 2019
Polish grocer Dino Polska has opened around 138 new stores in the first nine months of its financial year. The retail chain launched 120 new stores in the same period of...
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Spar cuts sugar content of private label products in Croatia
Spar Croatia has modified the recipes of around 65 private label products to reduce their sugar content. In 2017 Spar launched a programme to cut sugar content in its private label...
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Online shopping is likely to beat physical stores this Christmas in Germany
For the first time, the majority of German consumers plan to buy presents online this Christmas – reveals a new survey conducted by Deloitte. According to the study, 67 percent...
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M&S: Private label wine selection to go vegan by 2022
M&S has announced plans to offer an entirely vegan-friendly private label wine range by the end of 2022. They are the first major retailer to make this pledge. M&S’s food...
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Spar Belarus opens new supermarket in Minsk
Spar Belarus has opened a new supermarket in the capital city of Minsk. The 500m² store is situated on the ground floor of a large apartment complex. In the new...
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Carrefour enters the market of Uzbekistan in 2020
French retail giant Carrefour plans to enter the market of Uzbekistan in 2020 in partnership with the Majid Al Futtaim Group. Over the next 2 years, Carrefour aims to open...
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