Posts From trademagazin

Better than expected results from Metro

The operating profit of the food chain can reach 2.3 billion euros this year. The third quarterly report shows, that net earnings increased to 149 million euros with the 67...

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Close to 1,000 billion surplus in trade balance

According to the report of the Central Statistical Office; In January-August of 2010, the trade balance surplus was 956 billion HUF (3,493 million euros) 355 billion HUF (1413 millioneuros) more...

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New Managing Director at METRO Kereskedelmi Ltd.

New Managing Director at METRO Kereskedelmi Ltd. will take over the position as Managing Director at Metro Cash & Carry Hungary. Roland Ruffing joined Metro Cash & Carry as Finance...

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Compensation for free lunch

McDonald's has to pay 3.7 million HUF to a former employee. The case occurred in Brazil. A former employee sued the company because he fattened 30 kilograms, while working for...

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Twining mobile teahouses are on their way again

Two well-known and highly appreciated personalities – Katalin Kovács kayak champion and actor Iván Fenyő – will do their best at three venues to make Twining tea even more popular...

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SPAR is a disability-friendly workplace

Over the past two decades, increasing attention is paid to people with disabilities. Beside accessibility, the most important tasks are; education and the workplace – stressed Soltész Miklós, State Secretary...

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Restructuring taxes: helping equilibrium, killing growth

According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the restructuring of taxes in 2011 brings the general government deficit under 3 per cent...

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Huge revenue due to 25-30 percent rise of alcohol tax

Turkey's Finance Minister Mehmet Simsek pointed out that he expected a government move to raise a special consumption tax on alcohol by 25-30 percent to bring in $556.5 million in...

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Hungarian milk production descreases

Three EU member states face levies worth € 19 million for exceeding milk quota. Denmark, the Netherlands, and Cyprus were the three states –out of 27 members, which exceeded their...

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New plant opened by Bounduelle

French vegetable producer Bonduelle has announced that it has opened a new plant in Brazil. Located in Marajo, Goiás State, the plant mainly produces green peas packaged in tins. The...

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Wine-album released by actor András Várkonyi

Famous HUngarian actor András Várkonyi released his very first wine-album, with twelve self-written songs about wine. Here is the tracklist: 1. Gárdonyi Géza: A bor legendája 2. Szüret 3. Másnap...

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dm to expand

New stores were added to the dm drugstore chain in Corvin shopping center, and dm also reopened its shop in Lurdy House. The dm drugstore chain expanded its network with...

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The newest plaza opens in Siófok in 2011

The construction work is scheduled to be completed later this year, the handing over of the trade center may take place in December 2011. In relation to one of the...

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Zwack – declining revenue and profit

According to the company's flash report, published on Thursday on the website of BÉT; The Zwack Unicum Nyrt. has reached 720 million HUF after-tax profit in the first half of...

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Successful Hoventa expo in 2010

Hoventa 2010 összefoglaló from Trade Magazin on Vimeo....

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German retail sales decreased further

In Germany, the decline of the September retail sales accelerated. After the 0.4 percent decline of August a 2.3 percent decline has occurred. Annual growth is 0.4 percent. On the...

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EU decision: more alcohol can be in the Hungarian wines

Brussels agreed that because of the bad weather, winemakers can increase the alcoholic degree of wines. A further nine countries, Germany, Slovenia, Austria, the Czech Republic, Belgium, Denmark, Slovakia, the...

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The impact of the pharmacy liberalization on consumers

According to the study of GKI-EKI Egészségügykutató Kft.; Because of the pharmacy liberalization, geographical and demographic constraints of the establishment of pharmacies have been terminated. The 19 percent increase in...

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Revival of the legendary Centrum malls

Centrum Store will be opened in five locations in Hungary: Miskolc, Eger, Kecskemét, Szeged and Pécs. In the next five weeks, the Centrum stores will return under their old name....

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A professional jury will select the online retailer of the year from 30 candidates

On the 21st of October 2010 the public vote for the Online Trader of the Year Award was ended, during which exactly 9,718 votes decided who will be among the...

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MVI: The introduction of the unified meal vouchers favors the multinationals

The unified meal vouchers can cause serious damage to the SMEs in the Hungarian hospitality sector, since the owners are mostly using them purchasing in the multinational trade chains –...

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Tesco refutes

The National Labour Inspectorate (OMMF) found irregularities in several areas of the Tesco Stores Ltd., and thereby “several million forints labor fines expected” – told the National Labour Inspectorate to...

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KSH: unemployment data proved to be better than expected

Unemployment data published by the Central Statistical Office (KSH): Hungary's average employment rate for July-September fell to 10.9%, while the number of employed rose to 3,823,000, KSH said in the...

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The GVH fined 16 grain processor for 2.3 billion HUF

Because of their participation in cartel, causing losses to Hungarian consumers, the Competition Authority (GVH) fined 16 grain processor for 2.3 billion HUF – announced the Competition Authority on Thursday....

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Improved economic sentiment in the euro area

The European Commission's overall economic sentiment indicator (ESI) is rising for the fifth month in October, increasing from 103.2 points to 104.1 points, compared to the previous month. The positive...

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The sugar demand of China and India will cause sugar price increases

Acccording to the British Czarnikow institution; The demand for sugar will sharply rise in the next twenty years, but the production is unable to follow the demand. Mainly due to...

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Tesco may be fined for millions of forints

The exact amount of the penalty will be disclosed later. The National Labour Inspectorate (OMMF) found irregularities in several areas of the Tesco Stores Ltd., and thereby “several million forints...

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The success of Nobu surpassed all expectations

The dollar milions, invested into the opening of Nobu in Budapest can return in three or four years, – said Andy Vajna, co-owner of the restaurant to Világgazdaság. The guests...

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This year, the meat will not be more expensive

In Hungary by the end of the year, meat prices are not expected to increase, but in the first or second quarter of 2011 an increase in prices may come...

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