News and articles
Increasing inflation in May and on an annual basis
Date: 2009-06-12 00:17:00
In May, the monthly increase in consumer prices was 1.5 percent. Compared to the May of 2008 it was 3.8 percent. In the first five month of this year prices...
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The best job in Central-Eastern Europe
Date: 2009-06-12 00:10:00
The Best Job Survey results of Central-Eastern Europe 2008-2009, was published 9 June by The Wall Street Journal Europe”. 160 000 employees and 4 000 top managers of 700 companies...
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Home-made soft drink
Date: 2009-06-12 00:08:00
The world's leading manufacturer in home made soda and soda-pop of machinery production the Israeli-based SodaStream appeared in Hungary. The company's products are used in 8 million households in 30...
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Gyöngyösi Meat Ltd. is in trouble
Date: 2009-06-12 00:06:00
The Executive Director of Gyöngyösi Meat Ltd. has not confirmed, but not refuted, that the dismissal of 40 employees is planned, after the plant stopped production. According to the announcement...
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Competition of Environment-conscious small and medium-sized enterprises
Date: 2009-06-12 00:03:00
The environment-conscious eco-thinking can be economically profitable. Those businesses can win the Environmental Savings Award which benefits from environment-saving projects and actions. According to Havasi Péter, Program Manager, the program...
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The emmissioning of cafeteria vouchers is a successful business
Date: 2009-06-12 00:01:00
The turnover of the companies emmissioning cafeteria vouchers was billions of forints in 2007. Pre-tax profits were around 50 percent of net sales. The issuers paid hundreds of millions for...
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Law Proposal instead of food code
Date: 2009-06-11 00:33:00
After Economic Competition Authority alleged food code's several details, parliamentary parties will submit a common law proposal on regulating the ethical behavior of food retailers. According to the Economic Competition...
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Concerned dialogue initiated by Nestlé
Date: 2009-06-11 00:30:00
Nestlé Hungária Ltd. initiated a dialogue based on international methodology between the concerned participants of the food industry. The first concerned dialogue was held 5 June, in “Food safety and...
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The consumer expectations improved again in June
Date: 2009-06-11 00:28:00
The seasonally adjusted value of the GKI consumer confidence index increased by 4 points to -64.3 points, after the turning point in May. According to the survey supported by the...
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Drought and hail affects agriculture
Date: 2009-06-11 00:22:00
Because of the weather, the agriculture is in a difficult situation. Food will become more expensive due to the lower production and the ice damage. Price increase might be up...
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Five new Herbal Essences Product Collection from 1 July
Date: 2009-06-11 00:20:00
The marketing concept of the new Herbal Essences Product Collection is based on the playful world of dreams and fantasy, targeting primarily teenagers and young girls and women in their...
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The insolvency of Arcandor could be Germany's largest bankruptcy
Date: 2009-06-11 00:04:00
Arcandor the owner of Karstadt which is one of Germany's oldest chain of stores asked for bankruptcy protection. Fourty-three thousand jobs are at risk. Prior to this, the German Government...
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Commercial chain would bound VAT increase on food producers
Date: 2009-06-11 00:02:00
Several large commercial chains turned for help to the processors, asking for a discount of 4-6 percent because of the VAT increase. According to Boródi Attila, Executive Chairman of the...
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Penny Market's Birthday Action went wrong
Date: 2009-06-11 00:01:00
The Economic Competition Authority has received a dozens of complaints in connection with Penny Market's Birthday Action. The discount priced products ran out of stock in a few moments and...
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The Hungarian rosé can survive
Date: 2009-06-10 00:22:00
The European Commission announced that Brussels does not support the proposal, which would allowed the production of rosé wines combining red and white wine – reports Origo. The authorization procedure,...
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Printer and packaging companies are preparing for autumn presentations
Date: 2009-06-10 00:21:00
Between 22 and 25 September, Budatranspack – Printexpo – Promotion professional exhibition will take place at Hungexpo with the participation of printing, packaging, logistics and marketing-communications companies. The event will...
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Decreasing Hungarian GDP in the first quarter
Date: 2009-06-10 00:18:00
The gross domestic product (GDP) in the first quarter of 2009 was 6.7 percent lower than a year earlier, with the screening of calendar effect it was 6.1 percent lower...
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Employment can decrease with further four percent
Date: 2009-06-10 00:13:00
According to Manpower's international survey the number of employees in the third quarter of the year can decrease by 4 percent in Hungary – states Kiss Judit, the Managing Director...
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Heineken and Pick became Superbrand for the fifth time in Hungary
Date: 2009-06-10 00:06:00
Pick and Heineken won each year the Superbrand title since the start of brand building program in Hungary in 2004. Pick also won the Business Superbrands title. The Hungarian superbrands...
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Poultry sector can increase this year
Date: 2009-06-10 00:05:00
Despite the adverse economic conditions, the poultry sector calculates with about 6.5 percent growth for this year – stated Bárány László, President of the Poultry Product Council (BTT). The President...
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Bonduelle for the handball team of Békéscsaba
Date: 2009-06-10 00:03:00
Bonduelle Central Europe Ltd. has signed an agreement with Előre Ltd. which operates the women handball team of Békéscsaba. By this, the company belongs to the Bonduelle Group, became the...
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Judit Kiss will be the new Managing Director of SPAR
Date: 2009-06-10 00:02:00
From 1 July 2009, the scope of the Executive Directors of Spar Hungary Ltd. will expand with a new member. One of the Executive Directors will be Kiss Judit (40)...
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Renewal of the Új Magyarország Development Loan
Date: 2009-06-09 00:24:00
According to the Ministry of Agriculture for the end of June, the commercial banks will also make available the new and even more favorable version of Új Magyarország Development Loan....
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One hundred million euro credit line to medium-sized businesses
Date: 2009-06-09 00:18:00
Hungarian Development Bank Ltd. (MFB) and the European Investment Bank (EIB) signed an agreement of an amount of hundred million Euros credit line, to finance the projects of medium-sized businesses....
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Tokaj Wine Weekends
Date: 2009-06-09 00:15:00
From June until the end of August the Tokaj wine region is waiting its guests with organized weekend programs. Those who interested can participate in family, wine and culinary programs,...
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Nestle News from France and Switzerland
Date: 2009-06-09 00:11:00
Nestle French unit may miss its growth targets as the company has lost market share for its powdered milk and baby food brands. In Switzerland, a new production and distribution...
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Fluctuating grain prices are expected in the future
Date: 2009-06-09 00:10:00
According to an officer of the UN Food and Agriculture Organization (FAO) probably there will be greater volatility in the grain prices in the future than it has been before....
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Carrefour opens DIA discount in France
Date: 2009-06-09 00:08:00
Carrefour is trialling two discount stores in France under its DIA banner. The aim is to revitalise its discount activity within France based on its successful experience in Spain. fThese...
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Lighter bottles at Kékkúti Mineral Water
Date: 2009-06-09 00:05:00
Kékkúti Mineral Water Ltd. introduced lighter bottles for the summer. Kékkuti can produce 15 bottles from the same amount of plastic than before in the cases of 1.5-liter Theodora and...
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EU wants more understandable food labels
Date: 2009-06-09 00:03:00
European Commission called on the clearer and more efficient information connecting with the quality of agricultural products. According to the European Commission the strenghtening of the relationship between producers and...
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