News and articles

Arthur C. Nielsen Jr., ratings entrepreneur, dies

TV ratings pioneer Arthur C. Nielsen Jr., chairman of the A.C. Nielsen Company, from Alzheimer’s-related complications. He was 92. Nielsen’s father may have invented the system still used by the...

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Analysts say one-off effect may have increased the retail sales in August

According to the communication of the Ministry of National Economy (NGM); the retail trade figures reflect a positive turn in August. Analysts polled by MTI explained the expansion with a...

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Hungary's competitiveness is lagging behind

In case of competitiveness Hungary is still lagging behind in the European Union – shows the annual report of the European Commission (EC). The industrial performance of the member states...

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Workania: Czechs and Slovaks earn more than Hungarians

In Hungary the average gross salary is 221 thousand HUF. The workers in the Czech Republic and in Slovakia earn more – shows the ''competitiveness'' comparative survey of the fizetesek.hu...

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SABMiller sells its Russian and Ukrainian business branch to a Turkish beer manufacturer

SABMiller agreed with Turkey's Anadolu Group, and with its Istanbul-based beer interests (Anadolu Efes), to give the Russian and Ukrainian beer business branch to the latter. The world's leading beer...

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Good results from McDonald's, shares on historical peak

According to McDonald's quarterly flash report;. revenue and profit slightly surpassing analysts' expectations. After the release of the quarterly numbers, the company's shares were in 2 percent plus, rising to...

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EBay's revenue increased by one third

eBay reported over revenue and profit growth in its quarterly flash report. Although the price of eBay declined after the management expectations disappointed the investors. More than 30 percent revenue...

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New Fa Sensual & Oil productfamily

September 2011 sees the launch of the new Fa Sensual & Oil productfamily which is a pure and natural set for customers of all ages....

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Rekord weak grape harvest in Italy

This year's harvest in Italy was the worst of the last more than sixty years, but according to the grape growers, the quality of the wine is promising, due to...

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The TakarékBank revised its GDP forecast downward

The analysts of the Takarékbank expects smaller GDP growth for this year, contrary to their earlier forecast. Now they are expecting a 1.7 percent GDP growth for this year, a...

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Coface: the insolvency situation of the companies deteriorated further

In this year's first nine months, the insolvency indicator of the companies increased by 30 percent, compared to the same period of last year – shows the most recent analysis...

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Food Labels: warranty differs from expiration date

In Germany, every year nearly 20 million tons of food are thrown into the trash because of the expiration date. Partly why a debate started about whether it would be...

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The Lipóti Bakery can be Europe's best company

The Lipóti Bakery has been included among Europe's 10 best companies at the European Business Awards. The competition finals will be in November. The top ten was selected out of...

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The dm drogerie markt increased its turnover

The dm drogerie markt increased its turnover in the 2010/11 financial year on group level, also increased the number of its shops and its employees; dm's turnover in Hungary in...

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Nestlé sales decreased

The Swiss Nestlé published its third quarterly flash report. The company has reported a decrease in revenues. In the first nine months of the year, the company reached revenues of...

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Chinese investor establishes a citric acid manufacturing plant in Szolnok

The plant will provide work for 350 people and will cost about  90 million USD, which – as planned – will be 30 percent of own contribution, and the rest...

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Winelabel exhibition in Pécs

A winelabel-exhibition linked to the new wine is going to open its gates on 10th November in Pécs, at the Hattyúház Gallery, thanks to Vylyan Winery. The exhibition will be...

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Beer-lovers are loyal to their favourite beers

Szomjoltóság has carried out a research project to find out the beer-preferences of the Hungarian population. They found that 94 percent of Hungarians find it important to have their favourite...

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New Christmas coat for Zubrowka

For the holidays, vodka Zubrowka dons a new fur coat. Nestled in a green coat the bottle celebrates nature and the remote parts of its native Poland. The cover mimicking...

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460 farms competing for farm-development support

A farm-development program was closed on 30th September with 460 competitions, competing for more than 2.5 billion HUF which is well beyond the original sum intended for the program (930...

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Flour is cheap, but all other factors justify a bread price increase

The price of flour does not increase bread prices, but other production costs might motive bread price growth. Werli József, Secretary General of the Baking Industry Association told to Népszabadság:...

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Most of the small and medium businesses are expected growth in revenue

78 percent of the Hungarian small and medium enterprises (SMEs) calculates with revenue growth for the next year, while 15 percent expects decline – shows the SME confidence index research...

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The Hungarian Association of Brewers criticizes the chips-tax on flavored beers

According to the Hungarian Association of Brewers;  the extension of the chips tax on flavored beers causes a competitive disadvantage, does not serve the original purpose of tax and means...

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The Ministry of Rural Development decreased this year's funding source for sugar beet growers

The Ministry of Rural Development has reduced this year's additional financing source for sugar beet growers by 800 million HUF – said Czerván György, State Secretary of the Ministry of...

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The Budapest International Fair has been opened

The Budapest International Fair (BNV) has been opened on Wednesday in the Budapest Fair Centre. Three hundred and fifty exhibitors of ten countries will represent themselves between the 19th and...

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The food processors and the Ministry of Rural Development may meet next week

The meeting of the food processors and the Ministry of Rural Development over the chips-tax was shifted to next week. The industry representatives wrote a letter two weeks ago to...

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Kraft and Krüger caught on cartelling

The investigation of the German cartel office showed that the Kraft and the Krüger made prohibited price negotiations over their traded instant cappuccino, so the two companies should pay a...

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Magazine: Are traditional places of shopping still important?

Thanks to the significant changes that occurred in Hungarian retail in the past 15 years hypermarkets, cash&carrys, supermarkets and discount stores became more significant places for shopping, to the detriment...

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The confectionery industry's international meeting place – strong demand from abroad

German federal Minister Ilse Aigner will be on hand to officially open ISM on 29th January 2012 in Cologne Preparations are gearing up for the 42nd International Sweets and Biscuits...

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Compaint about the privatisation of Budapest Airport

Commissioner's Office of the Government has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of...

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