News and articles
Plaza Centers buys controlling stake in Sofia project
Date: 2009-02-05 02:30:00
The Dutch-registered property developer that focuses on Central and Eastern Europe, said that it acquired 51% stake in a 75 000 sq m project in Sofia. Plaza payed 2.78 million...
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Mercator to invest 3 million euró in Bulgaria
Date: 2009-02-05 02:14:00
The company’s first Bulgarian outlet will be located at the Galeria shopping mall in Stara Zagora in the south of the country. Mercator has announced plans to open its first...
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Burberry opens children fashion store in Istanbul
Date: 2009-02-05 01:57:00
The British fashion concern closes plant in UK, but expands abroad. Company alert decreasing sales in the las quater and closed it second plant in the UK, but the expansion...
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Paper bag is not a real option
Date: 2009-02-04 10:16:00
According to datas of Hungarian Trade Association the food industry and the retail sector has HUF 10 billion extra costs because of the new green tax. György Vámos, secretary of...
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Thanks for SIÓ! – starts in February
Date: 2009-02-04 10:13:03
Since this month there are on the shops' shelves the 1.5 l SIÓ products joined to the charity program. Consumers who buy them can help pupils to get new school...
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Creamy quark in extra size
Date: 2009-02-04 10:01:00
Frisland Hungaria's Milli Mia product line has now 2 new tastes in XXL size. Creamy quark with vanilla-raisin and cake taste are popular. Creamy sweet quark is one of Hungary's...
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New manager at Szentkirályi Ásványvíz Kft.
Date: 2009-02-04 09:51:06
From 7th January the company has a new operative director called István Matus, who takes the domestic works from Balogh Levente, onwer and CEO of the company. Mr. Matus is...
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Strategy for saving 100,000 jobs in Hungary
Date: 2009-02-04 09:32:28
Social and Labor Affairs Minister Erika Szűcs said the government has HUF 16 billion domestic source for crisis-management strategy. Enterprises can apply for job-preservation support from the regional funds beginning...
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METRO has no plans to sell Galeria Kaufhof
Date: 2009-02-04 09:11:33
According German press informations the company is currently working on floating Media Markt/Saturn and considering divesting its Real hypermarket chain. The sale of Adler is close. Metro CEO Eckhard Cordes...
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Insurance from Lidl Italy
Date: 2009-02-04 08:37:35
The Italian branch of Lidl has proved to be creative in offering online services. Before, Lidl Italia launched electricity service under lidl-energia.it and holiday trips on lidl-viaggi.it. Schwarz-owned discount retailer...
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In spite of recession Briton shoppers will Spend More On Quality Food
Date: 2009-02-04 08:34:44
According to MealSavers.co.uk survey among 4,380 peopel consumers aren’t going to let the recession reduce the quality of the food they eat. People are cutting costs during the recession, but...
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People eat healthier in the UK
Date: 2009-02-04 08:15:06
British consumers are benefitting from the food industry's salt reduction efforts, according to new data from leading market insight provider, TNS Worldpanel. Between September 2006 and September 2008, shoppers bought...
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Retailers modify supplier contracts
Date: 2009-02-03 10:35:00
After an inspection of the Hungarian Competition Authority (GVH) some retailers (Cora, Auchan, Metro, Profi and Csemege Match) undertook to align its suppliers contrats to the competition and the retail...
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Company liquidations rise to record high in January
Date: 2009-02-03 10:20:00
The number of company liquidations in Hungary rose to 1400 only in the first month of the year, the Opten company-information service informed. Last year 11,500 firms were under liquidition,...
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Szentkirályi to expand abroad
Date: 2009-02-03 09:22:00
Now we are only exporting outside Hungary, but in the near future we want to be an international brand – said Levente Balogh CEO to business daily Napi Gazdaság. Because...
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The liquidation of Zalabaromfi became absolute
Date: 2009-02-03 09:19:00
According to former press information Zalabaromfi's owner Dale consortium's financial and business transaction at other companies made the processor's work impossible. As known CIB Bank has frozen the company's bank...
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Environmental protecting by Wal-Mart
Date: 2009-02-03 09:15:08
The American retail giant said that it will test two new types of hybrid trucks and two types of trucks powered by alternative fuels to make its trucking fleet more...
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Coke Drops ‘Classic’ Tag From Branding
Date: 2009-02-03 08:51:17
The change was part of “a broader plan and strategy to revitalize the brand. Coca-Cola Co has announced that it will no longer carry the word ‘Classic’ on packages of...
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Procter & Gamble to invest 50 million dollars in Romania
Date: 2009-02-03 08:32:44
The international company to built a factory processing shampoo and other hair car products in Urlati. The P&G factory, the construction of which started yesterday, will employ 150 people at...
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US consumer spending in six month row
Date: 2009-02-03 08:21:52
According to government data consumption expenditures fell by 1.0 percent in December from the previous month. Personal income also contracted for the third consecutive month at 0.2 percent in December,...
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Woolworths to reopen online
Date: 2009-02-03 03:32:24
A month after the shutters came down on the last Woolworths store, Shop Direct have paid between £5 million and £10 million for the Woolworths brand name. Shop Direct refused...
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Henkel sell its plant in Barcs
Date: 2009-02-02 09:15:00
According to local daily Somogyi Hírlap Henkel has decided to shut down its plant in the Hungarian city of Barcs because of falling demand on export markets. Company wants to...
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In 2008 sales prices of food industry grow by 10.4%
Date: 2009-02-02 08:27:40
Domestic sales prices of industry decreased by 1.6% in December 2008 compared to the previous month and were 8.3% higher than in December 2007. Export sales prices of industry...
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Expectations hit bottom again
Date: 2009-02-02 08:20:00
In industry, the plunge of the confidence index slowed down notably in December, but in January the index set to go south again. The value of GKI’s economic sentiment index...
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Switch off! campaign – also at Borsodi Brewery
Date: 2009-02-02 08:09:00
The company joined to common program of the EU and the Foreign Office. The aim of the action is to turn inhabitans attention on the energy saving. In frame of...
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TESCO to sell clothes online
Date: 2009-02-02 08:02:00
Tesco is to launch an online fashion store, committed to selling its own labels. Tesco had a sucessful trial last year, which demonstrated that there was demand for the online...
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SABMiller Gains Control Of Romanian Brewer
Date: 2009-02-02 06:52:00
Brewing giant SABMiller has acquired a 71% stake in local brewer Bere Azuga, producer of Azuga and Valea Prahovei beers. The deal was conducted through SABMiller’s local unit Ursus Breweries....
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Russian consumer confidence index fall
Date: 2009-02-02 04:00:33
According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008. The Nielsen survey said the consumer confidence index fell to 88 in...
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Next week closes the final meeting about Food codex
Date: 2009-01-30 08:14:59
Yesterday the comittee have to recess the meeting suites because ot the extraordinarily day in the Parliament. Members of the commitee are specialist of the ministry, representatives of the farmers,...
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Hungarian NO for GM maize
Date: 2009-01-30 07:56:34
In spite of EU comission's warning Hungary will not repeal the cultivation ban for MON 810 maize hibrid – said Zoltán Gőgös for business daily Világgazdaság. Last week EU called...
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