News and articles

Huge interest at the tourism exhibition of Hungexpo

According to the communication of Hungexpo; Hoventa the International hotel, catering and gastro-technical exhibition successfully closed on Friday night: Compared to last year, about 70 percent more professionals visited the...

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Russia maintains the ban of grain export

The Russian government extended the ban of cereals export, in its meeting in Rostov at the weekend. Exports were stopped by the government from 15 August, because only 60 million...

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The special tax slows down the expansion of retail chains

It seems that the hypermarket tax slows down the expansion of the retail chains. Auchan spokesman said that the chain has to review its expansion schedule, because of the tax....

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Coface: growing insolvency and problems in retail businesses

In the first nine months of 2010, the insolvency of companies grew to 18 percent as compared to the rate of this time last year, the growth rate on the...

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GKI's economic sentiment index reached its four-and-a-half-year high in October

GKI's economic sentiment index adjusted for seasonal effects has not been as high as now since four and a half years. According to the survey conducted by GKI Economic Research...

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New visitor-center opened by Bestillo Schnaps House

The visitor-center of Bestillo Schnaps House has opened its gates in Boldogkőváralja on 21st October this year. The investment is worth 90 million HUF and has been sponsored partly by...

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Food marketing in the focus of the conference by Hungarian Marketing Association

The 20 year-old Hungarian Marketing Association is about to launch a conference on 3rd and 4th November, where food marketing is going to have a seperate section led by Balázs...

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HOVENTA 2010 – METRO introduced its Customer Academy

METRO Group Ltd. has proven to be one of the greatest exhibitors of the HOVENTA exhibition in 2010, where the so-called METRO Customer Academy had the chance to present itself,...

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Nestlé's sales increased by 4 percent in January-September

The world's largest food and beverage distributor reported on Friday that in the first nine months of this year its turnover totaled 82.77 billion Swiss francs, exceeding last year’s   datas...

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The worst honey crop of the last 50 years

Over the past fifty years, there has never been so bad honey crop, as in this year – claim the beekeepers across the country. Beside the cold, rainy weather bee...

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Button managed credit cards from Citybank

Citibank will soon begin testing its new type of credit cards in the United States. The modern plastics can be controlled by buttons, and are much “smarter” than their predecessors....

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The crisis tax is inconceivable – says the first man of Spar

The Hungarian crisis tax is “incomprehensible and illegal” – criticized Gerhard Drexel the head of the Austrian Spar network, the crisis tax that should be paid by the Hungarian subsidiary....

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CBA expands in Slovakia

The CBA Hungarian food retailer chain gained extremely strong position in Slovakia, and in and around Pozsony. According to the Thursday publication of Hospodárské Noviny Slovakian economy newspaper; the COOP...

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The illegal market swallows the one-third of the food VAT

Sugar phantom companies have gained large profits. On a truckload they gain up 600 – 700 thousand HUF. In Hungary's only operating sugar factory in Kaposvár the owners are guessing...

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Award for SPAR and METRO for sustanaible corporate behaviour

SPAR Hungary Ltd. and METRO Group Assets have received an award together by Követ Egyesület for an otstanding survey on sustainable and environmental-friendly corporate behaviour. In the SPAR Worldwide organisation...

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Better-than-expected German business sentiment

The 2010 October sentiment indicator of the Munich-based Ifo Institute Economic Research increased above the expectations. The index increased to 107.6 points from the 106.8 points of September after the...

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Aid by Clorox to the redmud-victims – again

DunaPro Ltd, producer of the brand Clorox in Hungary, has collected a special aid to the victims of the redmud catastrophe: their help mainly consists of whitining and cleaning devices....

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Pet food worth 20 million HUF to the redmud-victims by Nestlé Purina Petcare

The victims of the red mud catastrophe have received a special aid worth 20 million HUF by Nestlé Purina Petcare: this time the help goes to the animals in need....

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Special aid of 1 million HUF by Törley to the victims of the redmud catastrophe

Törley Ltd. has offered a special aid of 1 million HUF to the victims of the redmud catasrtrophe, and asked all other wineries to support the victims if possible. The...

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The OKSZ expects expanding consumption for Christmas and for the next year

Traders expect larger turnover this year, compared to 2009. The National Trade Association (OKSZ) based its optimism on the fact that traffic started to grow in the second half of...

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Growth in volumes and sales at Danone

Danone reports on solid 3rd quarter 2010 growth in volumes and sales. Full-year targets 2010 confirmed – Marketwatch announced. Highlights: – Sales increased 6.9% in both the 3rd quarter and...

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McDonald's did not cause disappointment

McDonald's has published its third quarterly reports and the company did not cause disappointment. The company’s performance is above the expectations, both in profit per share, both in revenues. McDonald's...

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Hungarian milk may ease Serbian milk deficit

Serbia plans to import a monthly 5-7 million liters of milk to ease Serbian milk deficit. Among the suppliers, the Hungarian dairy industry can also get an order. In September,...

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The EU decided over the 30-day payment period

With its decision on Wednesday the EU maximized the payment terms, so the companies have to equalize their accounts within 30 days and under certain conditions, within 60 days. According...

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Wine tourism centre opened in Southern Transdanubia

The wine tourism centre will help wine market access for the wines of the Pannon Wine Region. The wine tourism centre opened on Wednesday in the Vince Street of Pécs....

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EBay’s result beyond the expectations

The EBay Inc., the company that operates the world's largest auction portal reported better than expected results, and also improved its annual projections. Revenues were boosted by the PayPal payment...

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German retail chains are afraid of Hungarian precedent

The German retail chains, fear that other Central and Eastern European countries – following the Hungarian precedent – will also introduce a special tax. According to the chains; the special...

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Special aid to the victims of red mud catastrophe by Tesco customers

Tesco Global Áruházak Ltd. has gifted a special aid worth several million HUF right after the red mud catastrophe, and on 13th October the giant retailer started a special charity...

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Syrian-owned Biotech opens new plant in Hungary

Syrian-owned Biotech on Thursday inaugurated an almost 2,000sqm medical implants plant in Diósd, near Budapest, employing about a hundred people at the moment (200-250 soon though), and annual revenue could...

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Sparkling natural mineral water adds bottle created by famed Italian designer Missoni

Available in October for a limited time only, the Missoni-inspired bottle was commissioned by Kékkúti Ásványvíz for the S. Pellegrino Italian Talents program. “The goal of this initiative is to...

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