Posts From trademagazin

Szentkirályi to expand abroad

Now we are only exporting outside Hungary, but in the near future we want to be an international brand – said Levente Balogh CEO to business daily Napi Gazdaság.  Because...

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The liquidation of Zalabaromfi became absolute

According to former press information Zalabaromfi's owner Dale consortium's financial and business transaction at other companies made the processor's work impossible.  As known CIB Bank has frozen the company's bank...

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Environmental protecting by Wal-Mart

The American retail giant said that it will test two new types of hybrid trucks and two types of trucks powered by alternative fuels to make its trucking fleet more...

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Burger King to open new stores in Romania

Burger King franchiser Atlantic Restaurant Systems is accelerating its development plans, announcing eight fast food restaurants by March.  Almost a year ago Atlantic Restaurant System planned to open five stores...

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Coke Drops ‘Classic’ Tag From Branding

The change was part of “a broader plan and strategy to revitalize the brand.  Coca-Cola Co has announced that it will no longer carry the word ‘Classic’ on packages of...

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Procter & Gamble to invest 50 million dollars in Romania

The international company to built a factory processing shampoo and other hair car products in Urlati.  The P&G factory, the construction of which started yesterday, will employ 150 people at...

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US consumer spending in six month row

According to government data consumption expenditures fell by 1.0 percent in December from the previous month.  Personal income also contracted for the third consecutive month at 0.2 percent in December,...

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Woolworths to reopen online

A month after the shutters came down on the last Woolworths store, Shop Direct have paid between £5 million and £10 million for the Woolworths brand name. Shop Direct refused...

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Henkel sell its plant in Barcs

According to local daily Somogyi Hírlap Henkel has decided to shut down its plant in the Hungarian city of Barcs because of falling demand on export markets.  Company wants to...

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In 2008 sales prices of food industry grow by 10.4%

Domestic sales prices of industry decreased by 1.6% in December 2008 compared to the previous month and were 8.3% higher than in December 2007.   Export sales prices of industry...

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Expectations hit bottom again

In industry, the plunge of the confidence index slowed down notably in December, but in January the index set to go south again.  The value of GKI’s economic sentiment index...

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This year no Starbucks in Budapest

According to business daily Világgazdaság, the company postpone the opening of the Budapest cafe indefinitely.  Starbucks would operate the store in franchise by American Restaurant Holding, but the profiatbility of...

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Switch off! campaign – also at Borsodi Brewery

The company joined to common program of the EU and the Foreign Office. The aim of the action is to turn inhabitans attention on the energy saving.  In frame of...

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TESCO to sell clothes online

Tesco is to launch an online fashion store, committed to selling its own labels. Tesco had a sucessful trial last year, which demonstrated that there was demand for the online...

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SABMiller Gains Control Of Romanian Brewer

Brewing giant SABMiller has acquired a 71% stake in local brewer Bere Azuga, producer of Azuga and Valea Prahovei beers.  The deal was conducted through SABMiller’s local unit Ursus Breweries....

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Russian consumer confidence index fall

According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008.  The Nielsen survey said the consumer confidence index fell to 88 in...

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Corporate travelers spend less money for hotels and stay for shorter time

Average length of stay declined notably from 1.9 to 1.5 nights per stay in 2008, reflecting a trend for shorter business trips as companies adopt more stringent travel policies. Despite...

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Subway To expand in Britain

Sandwich chain plans to open up to 600 new stores in the UK and the Irish Republic within the next two years.  Subway, which has more than 1,400 outlets owned...

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Next week closes the final meeting about Food codex

Yesterday the comittee have to recess the meeting suites because ot the extraordinarily day in the Parliament.  Members of the commitee are specialist of the ministry, representatives of the farmers,...

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Hungarian NO for GM maize

In spite of EU comission's warning Hungary will not repeal the cultivation ban for MON 810 maize hibrid – said Zoltán Gőgös for business daily Világgazdaság.  Last week EU called...

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Confidence continues to worsen

According to Ecostat's latest measure of confidence reveals the sentiment at Hungary's biggest companies as well as at SMEs continued to worsen in January.  Ecostat's TOP-100 measure of confidence at...

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HUF 15 million fine for Tesco

The National Communications Authority, Hungary (NCAH) imposed a penalty for Tesco, because it sold, against the prohibition, such radio equipments, wich were not comply with requirements.  NCAH controlled the Technika...

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Pannonhalmi Wine Region makes marketing campaign

The wine-growing community won money from the Hungarian Agrarmarketing Centre for building a new image and making a website for the wine region.  The new logo of the wine region...

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Ten largest retailers raise 2008 sales by 8%

The ten largest retail chains in Czech Republic raised sales by Kc23.2bn year-on-year to a record Kc312.2bn in 2008, according to preliminary results released by analytical company Incoma Research and...

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X5 Retail group merge Kopeika?

After a dynamic developing in the country X5 would buy its biggest competitor.  According to reports in the Russian media, X5 Retail Group has been negotiating with Kopeika about a...

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Starbucks to close another 300 stores

Starbucks, will cut 6,700 jobs and close 300 more stores after reporting first-quarter profit that fell more than analysts estimated.  Last quater company had only USD 64.3 million nettó sales,...

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Standard Vodka exists Russia

The company will introduce the Russian Standard brand in countries such as Canada, and expects this to help boost sales by 30-50% this year. It plans to invest $100m this...

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The Hungarian Poultry Product Board takes legal action

Last week at Grüne Woche exhibiton in Berlin Hungarian goverment made efforts to promote the Hungary's position on goose liver producers.  Also Four Claws, Austrian animal rights activists protest agains...

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ÉFOSZ is bitterly against vat increasing

The Federation of Hungarian Food Industries (EFOSZ) is opposed to 5% vat increase for stabilize the Hungarian economy and the budget.  The federation said today the Hungarian vat is higher...

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Professional training near to the market's request

The ministry of work developes a new education program for professional training together with represents of the employers.  Last year more than 40,000 professinal trained people got unemployment benefit, lot...

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