News and articles
Árukereső has a new owner
Date: 2009-08-06 00:07:00
South African Naspers gained majority ownership in Hungary's largest consultant shopping portal ’Árukereső’. The 2004 founded Árukereső became Hungary’s market-leading price-comparison site. Under the agreement, the online shopping guide will...
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Specials, discounts and coupons: learn to save during the crisis
Date: 2009-08-06 00:06:00
Because of the impact of recession, a serious change has occured in purchasing habits. Interest is growing towards discount stores, and towards the retailers' own-branded products. According to the recent...
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Henkel: declining sales, increase in profits
Date: 2009-08-06 00:05:30
In the second quarter of this year, Henkel sales decreased by 5 percent to 3,485 million euros, while operating profits increased to 279 million from 113 million euros and after...
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Procter & Gamble: 80 cent per share in the last quarter
Date: 2009-08-06 00:01:00
The Procter & Gamble, the world's largest manufacturer of household goods reported a decrease in the fourth quarter. But its results are still exceeds expectations. According to company reports that...
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Starbucks duplicates its units in Poland and in the Czech Republic
Date: 2009-08-06 00:00:50
The American café chain, sees strong growth potential in Central and in Eastern Europe and wants to double the number of Czech and Polish businesses within five years. The first...
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A mass of Hungarian pigs are carried to Romania
Date: 2009-08-06 00:00:30
At the eastern border of Hungary, Romanian purchases and deliveres a large mass of Hungarian pigs often on the back seats of Dacias, to get support after a few months...
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Wine reform comes soon
Date: 2009-08-05 00:09:00
The second phase of the EU wine market reform in Hungary started in early August. The relevant EU legislation is already available in two weeks – said Csaba Horváth, Secretary-General...
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MasterCard: credit card is popular during the crisis
Date: 2009-08-05 00:07:00
Despite the difficult economic situation MasterCard Europe has reached a significant increase in many areas. In the second quarter of this year, MasterCard cardholders bought more with their card than...
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Most people want the taxation of luxury items
Date: 2009-08-05 00:06:00
Most people would fill the loss of state revenues with the taxation of luxury items, while consider the financial sector and the car industry more negative. According to the survey...
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Pepsi purchased bottling plants
Date: 2009-08-05 00:05:00
PepsiCo Inc. has purchased its two large bottling plants, the Pepsi Bottling Group (PBG) and the PepsiAmericas, (PA). The two companies have a total value estimated at 7.8 billion dollars....
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French farmers have to pay 330 million euros back
Date: 2009-08-05 00:04:30
According to the decision of the European Commission the French fruit and vegetable producers should pay back unfair state aid received between 1992 and 2002. Agricultural Minister Bruno Le Maire...
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Hungarian subsidiary of poultry breeder Aviage expands its production capacity
Date: 2009-08-05 00:04:00
According to the informations of World Poultry, the Hungarian subsidiary of the world's leading poultry producer is preparing to expand its production capacity. The company plans to build an another...
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Pernod Ricard: responsible alcohol consumption with the champaigne of Formula 1
Date: 2009-08-05 00:01:30
The bid of G.H. Mumm champagne was closed last Friday. The 3 liter limited series bottle with the signatures of the podium finishers of the Hungarian Grand Prix was purchased...
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New Production Director at the Hungarian subsidiary of FrieslandCampina
Date: 2009-08-05 00:01:00
Szász József became the new Production Director from 1st August 2009 at the Hungarian subsidiary of the world's largest dairy company, the FrieslandCampina. The 38-year old, has been working in...
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The SME prosperity index of Ecostat has improved
Date: 2009-08-04 00:12:00
According to Ecostat’s prosperity index; the expectations of domestic SMEs, became better. The production forecast, for the next quarter is the best since last October; 22 perccent of the companies...
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Six times more import milk arrives to Hungary than before the EU connection
Date: 2009-08-04 00:11:00
At the beginning of the year, the purchasers gave 90 HUF per liter for high-quality milk, now only 59 HUF. According to experts the purchase price was reduced because there...
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United States – the manufacturing index is nearly 50 points
Date: 2009-08-04 00:10:00
Due to the improved sales outlooks the pessimism of the manufacturing companies decreases in the U.S.: the purchasing manager index of the ISM Institute rose from 44.8 points to 48.9...
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German retail is not in a very promising position
Date: 2009-08-04 00:09:30
In contrast to expectations, German retail sales were significantly reduced on monthly basis in June and even the 0.4 percent increase of May was modified to a 1.3 percent decrease,...
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The majority wouls spend more on environmentally-friendly products next year
Date: 2009-08-04 00:06:00
According to the results of WPP Group's more than 5,700 people asked, involving seven-countries survey, that showed that despite the recession and the higher prices, it is worth to buy...
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Moderate profit at Metro, after the lossmaking first quarter
Date: 2009-08-04 00:04:00
The largest German retail network, the Metro AG reported a 48 million euros after-tax profit from the second quarter without minority shares, instead of the 453 million loss of the...
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Chances for Agriculture during the crisis
Date: 2009-08-04 00:03:00
Although the financial and economic crisis put a big impact on agriculture, according to experts, the crisis also has significant potential in the sector. For example crediting agriculture is less...
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Tesco introduces electronic shelf labels
Date: 2009-08-04 00:02:00
Tesco Budaörs will introduce automatically updated shelf labels from 15 August. About 44 thousand shelf labels will be replaced in Budaörs. With this, Tesco will take place among the chain...
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Labor control at Lake Balaton
Date: 2009-08-04 00:00:00
Irregularities had been found at 87 percent of employers and 71 percent of employees during a control action of the the National Work and Labor Inspectorate at Lake Balaton. The...
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Nielsen’ Consumer Confidence Index reached its peak in July
Date: 2009-08-03 00:09:00
According to Nielsen market research company’s usual monthly survey; after the 37 points nadir of March, measured 48 points of consumer confidence, which is the highest result of the year,...
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GKI forecasts – looking forward to the nadir
Date: 2009-08-03 00:08:30
According to the joint forecast of GKI Economic Research Institute and Erste Bank the nadir of the economic downturn is still ahead of the Hungarians. The national GDP expected to...
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World trade getting lively again – according to WTO
Date: 2009-08-03 00:07:00
The 250 billionUSD of incentives is beginning to affect especially in Asia – reported Pascal Lamy, Main Director Of World Trade Organization (WTO) this weekend in Johannesburg. Lamy noted in...
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Tesco is launching a large-scale starting school action
Date: 2009-08-03 00:05:00
Tesco started its 'starting school' action. The chain of stores just like time last year, tries to easen starting the school year with extremely low pricess. In many stores teachers...
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Nearly seven thousand department closed in Great Britain
Date: 2009-08-03 00:04:00
According to Local Data Research (LDC) from the elapsed part of 2009 about 12 thousand independent retail shops and 7 thousand departments of large department stores have closed. A year...
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Cheap goose and duck liver
Date: 2009-08-03 00:03:30
Eight-ten euros per kg price reduction can be experienced on the market of duck and goose liver, which is also put strongly back the duck and goose stock. The participants...
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Tesco Express stores opened in Óbuda and Csepel
Date: 2009-08-03 00:02:00
Two Tesco Express stores opened on Friday in Budapest. The new format stores has much smaller business space but waiting the customers with selected product range, and the usual quality....
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