News and articles

Magazine: Average price was up five percent

The chaotic economic environment made European consumers more reserved. In the third quarter less food and household chemicals and cosmetics were sold in Hungary and in other 12 developed European...

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Email Print JPMorgan Chase reports fourth-quarter 2011 earnings

JPMorgan Chase reported net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010. Earnings per share were $0.90 for...

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Corruption in public procurement and in general in Hungary

GKI conducted a survey about corruption penetration and perception of corruption in the Hungarian economy.  This study summariee the most important result and formulated proposals to the Public Procurement Council,...

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Fruity taste is getting more and more popular

Meeting the desires of female drinkers has historically been high on Carlsberg’s list of priorities. Thanks to work undertaken in Switzerland two years ago – a reasonably successful attempt to...

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Hungarikum-law in order to protect national values

The Government since its establishment gives priority to protecting Hungarian values. The Hungarikum Act adopted by the Government also serves this goal – said Giró-Szász András government spokesman at a...

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The price of sugar can increases further this year

The price of sugar spectacularly increased last year, the trend could continue this year. Experts in Somogy county predict 10 to 15 percent increase for 2012. Temporary supply difficulties, capped...

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Improved business sentiment in Germany

According to the Tuesday published datas of the ZEW economic research institute; business sentiment in Germany has improved in January. After a steady decline, the next half-year forward-looking expectations index...

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The Competition Authority fined consumer groups

The Competition Authority fined three consumers groups for a total of six million forints for providing misleading informations to consumers – the GVH announced on Wednesday. The competition authority fined...

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The Trigánit started the construction of the shopping center in Poznan

TriGranit has started the construction of the shopping center with the ceremonial cornerstore foundation. The handing over is planned for the end of 2013. A majority-owned Hungarian company’s representatives stressed...

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2012: a new chance for family businesses

As the seasons change and family business leaders measure and evaluate 2011 against what lies ahead, it is natural for them to want more and better information. The economy seems...

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Az invitation to FOODAPEST by Szintézis

Szintézis Informatikai Co. would like to invite you and workmates to the international beverage, food, food-technology and horeca tradeshow Foodapest, located at HUNGEXPO, at pavilon A. You can sign up...

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Coface Country Risk: Companies’ solidity already impacted by the systemic crisis in Europe and political risks in emerging countries

On the occasion of its 16th Country Risk Conference, Coface is principally issuing a warning about the systemic nature of the current crisis, of which the Euro zone is the...

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Lego starts the construction of its new factory in Nyíregyháza this summer

The Danish Lego Group begins the construction of its new factory in Nyíregyháza this summer – announced Jens Peter Clausen, managing director of the Lego Manufacturing Ltd. on Tuesday in...

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DM shopping carts with magnifying glass

dm drogerie markt has launched a range of unique sevices: shopping carts with magnifying glass. The new product is available in 251 stores, where every shopping cart is available with...

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Metro expects a smaller profit

Metro AG's management confirmed that the overall last year result will be probably somewhat lower than the 2.4 billion euros of 2010. Metro's shares since November, shows the biggest intraday...

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Lidl to sell mobile subscriptions

Discount hypermarket chain Lidl will start selling mobile-phone subscriptions in the first quarter, news website hwsw.hu reports. Industry sources speaking on condition of anonymity said Lidl will not become a...

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Support for goat keepers

The Magyar Agrárkamara (Hungarian Chamber of Agriculture) grants support to the she-goat keepers. The amount of the support is 3,000 HUF per goat. The applications should be sent by mail...

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New marketing leader at Sága Foods

Starting from May 2012, the new marketing leader of Sága Foods is Boglárka Grabant, who has joined Sága Foods in January 2011 as a brand manager. Sincee May, she has...

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Magazine: Non-food: manufacturer brands became more muscular

We can observe different trends in the retail sales of individual household chemical and cosmetics categories. For instance, from the 60 categories audited by Nielsen, body lotion and toilet cleaner...

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A high number of entries at the regional pálinka competition

A total of 346 pálinka entries arrived from seven counties (Borsod-Abaúj-Zemplén, Hajdú-Bihar, Heves, Nógrád, Pest, Jász-Nagykun Szolnok, and Szabolcs-Szatmár-Bereg), to the 3rd Regional Pálinka Competition of Onga received but entries...

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Pannonmill plans a 10 percent price increase from February

The price of the products of the PannonMill Malomipari Zrt. Will increase by 10 percent from the 1st of February – told the company to MTI on Tuesday. According to...

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The Chinese-Hungarian Business Council was etablished

The Chinese-Hungarian Business Council(KÜIT) held its inaugural meeting in Budapest on Tuesday. The council’s Hungarian co-chairman is Csányi Sándor, the co-chairman of and the president and CEO of OTP Bank,...

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More and more elderly connect to the Internet

According to the survey of NRC market research; nearly 4.5 million people are using internet in Hungary – showed the recent. Among the young people it isalmost no place to...

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IMF: economic activity weakens worldwide

The European perspectives are mournful, the risks affecting Europe and the world economy are high – said David Lipton, Deputy Chief Executive Officer of the International Monetary Fund (IMF) in...

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Magazine: Heroes and survivors (part 2)

On the second day of the 5th Business Days conference in Tapolca (held on 21-23 September) László Benedek, Heineken Hungária’s sales director was the moderator of the second section, which...

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Successful year for the Hungarian agriculture

The Hungarian agriculture closed its most successful year since the EU accession – said Fazekas Sándor, Rural Development Minister. The sector’s performance increased by an about 20 percent in 2011,...

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The majority of the new jobs are created by SMEs in the EU

Between the 2002 and 2010 period, 85 percent of the new jobs were created by small and medium-sized enterprises (SMEs) in the European Union – told the European Commission on...

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Darányi Plan: Hungary is an agricultural country originally

Hungary “against all contrary opinions,” is an agricultural country originally – said Orbán Viktor, Prime Minister on Monday at the presentation of the Darányi Ignác Plan. According to Orbán Viktor;...

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Fazekas Sándor: wineries can apply for plantation renewal and for technology

The wineries can apply for plantation modernization and technology improvements in 2012. Currently there are no available sources for investments – said Fazekas Sándor, Rural Development Minister in Szekszárd to...

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Tesco Hungary wins Sponsor of the Year Award

As an award for decade long support given to Robert Burns International Foundation, Tesco Hungary has won the prestigeous Puskás-Ferguson Sponsor of the Year award. Commercial Director of Tesco David...

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