Company and Personal News

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Lidl embarking on logistic projects in France. This member of the Schwarz-group has invested EUR 23 million into the construction of a 30,000 square meter logistic base near Grenoble. The...

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Stores opening

CBA, Tét Open: 14 January Chain: CBA Store space: 500 m2 SKU: n. a. Coop, Polgár Open: 20 March Chain: Coop Store space: 325 m2 SKU: 5000 Lidl, Szeghalom Open:...

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Héliker acquired by Coop Szolnok

The offer made by Coop Szolnok Zrt. for Héliker Zrt. has beaten that of Tesco. As a result of the acquisition, annual revenues of the company will rise by HUF...

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Customer friendly solutions in Székesfehérvár METRO store

The new store concept of METRO has been introduced in their Székesfehérvár store first. The new concept is based on the “everything in one place, quickly and conveniently” principle and...

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SPAR ending excellent year

Consolidated revenues of the group totalled HUF 374,17 billion in fiscal year 2008, which was 31.53 percent more than in 2007. Overall floor space of SPAR, Kaiser’s, City SPAR super...

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Growth in revenues and profit for Henkel in 2008

Total revenues generated by Henkel in the fiscal year 2008 were up by 8.1 percent, exceeding EUR 14 billion. This growth was mainly due to the acquisition of National Starch...

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Question:

Sometimes big countries dump 4-5 percent of their surplus stocks in the market of a smaller country at prices well below production costs, resulting in mass bankruptcies. How is this...

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Successful debut by the Nordsee chain in Budapest

The first Hungarian unit of the Nordsee chain has produced dynamic growth and attracted more guests than previously anticipated in its first six months of operation. The first restaurant located...

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Answer:

Agricultural agreements are generally subject to community legislation on competition, which regulate and in some cases prohibit sales at prices below production costs. The exceptions are cases where the effects...

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Univer-firm opened in Kecskemét

Kecskemét-based Univer Product Plc. is about to close its firm in Nagybánya (Romania) in June, and moves production to Hungary instead. The company involved in babyfood and relishing has already...

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Sixty-year old Tchibo celebrates with retro-cups

Sixty-year old Tchibo celebrates its birthday by handing out a collection of artistic retro-cups, designed by students of fine art. These new retro coffee-cups are available from April in a...

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Tetra Pak Sales Growing to 8.8 Billion euros in 2008

Tetra Pak, a world leader in food processing and packaging solutions, has announced net sales of Euro 8.8 billion in 2008 – up 5 percent from 2007 in comparable terms....

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Pernod Ricard forced to sell Grönstedt to Altia, instead of Arcus

Even though Pernod Ricard agreed to sell three brands to Arcus, competition concerns have forced the company to remove Grönstedt from the deal and sell it to Altia instead. The...

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Product exchange at Henkel Hungary

Henkel Hungary announces toiletcleaner-exchange action because its product 750 ml Bref Tornado Gel toilet-cleaning gel came out in package with faulty bottle-cap and therefore opens too easily.  Although only a...

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95 employees dismissed at Electrolux Lehel Ltd.

In 2008, Electrolux Lehel Ltd. experienced a drop in demand, which accelerated at the end of the year, and thus the refrigerator-factory of Nyíregyháza had to dismiss 95 employees –...

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SIÓ is the most trusted Hungarian brand

SIÓ-ECKES Ltd. is considered to be one of the most creditable Hungarian brands, according to Reader's Digest's Trusted Brands 2009 survey.   Reader's Digest Trusted Brands is an annual consumer...

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New supermarket by SPAR Hungary Ltd. in Nagykőrös

A new supermarket by SPAR Hungary Ltd. has opened on 2nd April, in Nagykőrös. The new store is the first SPAR-unit of the city, and the 393rd supermarket of the...

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Profi Romania reports 45% sales growth in 2008

Louis Delhaize’s discount chain in Romania reported total sales of EUR120 million in 2008, accounting for 45% year-on-year growth, Piata magazine reported.   “We had an excellent year in 2008:...

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Hilton Budapest's new restaurant opens in Spring

Hilton Budapest is about to open a new restaurant with a view to the House of Parliament and the Halászbástya on 11th April. The new restaurant is called ICON and...

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New icons of the Coke Club – MTV Icon concert-series published

The new icons of the Siófok based Coke Club – MTV Icon concert-series are three Hungarian music-legends: Hungária, Demjén and Edda.   A new feature of the event is that...

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Go to work by bike, with SIO-ECKES

SIÓ-ECKES Ltd. is trying to call attention to environment-conscious lifestyle by giving their program „Go to work by bike” a wider publicity.   The main goal of the program started...

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ALDI feels weaker demand for non-food goods in the UK

Hard discounter Aldi is celebrating the opening of its 400th UK store this week. The retailer is feeling the effects of the recession in the UK, with sales growth dipping...

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Holló Maxi Coop ABC to open in Polgár

The store is 670 square metres and features items of over 30 million HUF, with sixteen employees and a free parking lot. Albert Makó, CEO of Polgár és Csege Coop...

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László Kiss CEO of Tokaj Kereskedőház Zrt.

Hungarian State Holding Company selected the homeborn, young wine-grower for the position among thirteen tenderers.   The winner conception of the 34 years old tenderer was about assuring the raw...

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Campari portfolio sold by BOLS Hungary

From 1th April BOLS trades Campari International's portfolio (Campari, Cinzano Vermuth, Cinzano Asti champagne, Old Smuggler whisky and Ouzo 12) in Hungary.   'Important instalment of our growth strategy is,...

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At least five new Maxima supermarkets to be opened in Latvia in 2009

The new retail stores will be local in Riga, in Riga District's Pinki, Talsi (western Latvia) and Saldus (southwestern Latvia). Maxima Latvija spokesman Ivars Andins pointed out that even though...

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Tesco to open bank branches in 30 stores this year

By the end of the year, 30 new instore bank-branches are about to be opened by UK retailer Tesco, The Independent reported. The first branches will open in Blackpool, Coventry...

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Tesco is the most creditable merchandising retail chain according to Hungarian consumers

Tesco-Global Plc. is considered to be one of the most creditable Hungarian brands and the best trusted food retailer, says Reader's Digest's Trusted Brands 2009 survey. Reader's Digest Trusted Brands...

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BB Plc wins silver medal at French wine competition

The 16th annual Chardonnay du Monde international wine competition recognises Balatonboglári Borgazdasági Plc.'s 2008 wine Chapel Hill Chardonnay as a silver medal winning product. The world’s best Chardonnay wines and...

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METRO joined the global movement Earth Hour

Earth Hour — at 8.30 p.m. local time on Saturday, 28th March — offered a unique opportunity for all METRO stores to demand action to combat climate change by switching...

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