News and articles

Arabs would also buy chicken of Békéscsaba

A company which exports on Arabian markets interested after Barnevál, the poultry processor of Békéscsaba, but specific bid has not yet arrived. If there will not be a buyer for...

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Mangalica ham is popular in the United States

According to Tóth Péter President of the National Association Mangalica breeders; On the basis of sales, the turnover of the Hungarian mangalica ham can reach 1-2 thousands in the U.S....

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Nestlé’s profit decreased

The world's largest food industry group, Nestlé achieved 5.071 billion Swiss francs, after tax profit in the first half of the year, which is 2.7 percent decrease compared to the...

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Unilever intensifies the production of ice cream

Unilever Group intends to increase its Central and Eastern European ice cream producing capacity. The factory of Veszprém can also took a part in it. The Unilever group would build...

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Record amounts of corn harvest in the United States

According to the most recent datas of the U.S. Ministry of Agriculture a record corn harvest and decrease in prices are expected.  The projections show that the corn harvest this...

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Tesco: Energy from expired meat

According to the plans of British chains of stores, around five thousand tonnes of expired meat unfit for consumption would be burned. It would be enough to power six thousand...

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Separate shops are more preferred than plazas

According to the June research of GKI; Hungarian buyers prefer more Separate shops than shopping malls. More than one-third of the asked purchases mostly in separate shops. One quarter of...

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5.1 percent price increase in one year

According to the datas of KSH, the one month's average consumer price increase was 1.3 percent in July 2009. Compared to July 2008 the prices increased by 5.1 percent, if...

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Agricultural finance will stall on commercial banks

According to the Agricultural Chamber; the lack of credit is a risk to agriculture and using of EU aid and investments. Roughly 50 billion HUF is available from the source,...

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Sziget is good for everyone

The organizers of Sziget Festival, can only calculate whether a profit has been made, after the event. But businesses can reckon on the additional economic benefits of the Festival. The...

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New shopping mall opens on 10 hectares

Zala Park will open on 27th August on 17 800 square meters with a total of 25 businesses. The investment has an area of 10 hectares and in the future,...

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Hungary and Ukraine have the worst business climate in the region

According to the survey of Thomson Reuters OeKB the perception of the foreign companies operating in Eastern Europe, on their own business environment and the whole economy strongly improved. According...

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According to the Ministry of Economy, there is no need for qualified cashier

The new regulation of the Ministry of Economy would abolish the requirement of vocational training for the most of the trade jobs. The trade union fears from the obsoletion of...

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IKEA actions

The renewed IKEA on Örs vezér Square waiting its customers from 10 am to 10 pm on 13th August. The Budaörs store operates the same opening hours. The Swedish-owned chains...

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New Commercial Director at Saga Foods Ltd.

From 10th August 2009, Vajdahunyadi Csaba (45) leads the Saga Foods sales team.  The expert who has MBA graduate, started his professional trading career as the regional representative for Procter...

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The retail sales of cleaners and hair dyes increased extremely

According to Nielsen Market Research Company, the retail turnover of household chemical goods and cosmetics grew by 3 percent approaching 300 million HUF per year. Nielsen based its survey on...

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The National Trade Association afraid of bankruptcy wave

According to Vámos György the Secretary-General of the National Trade Association, the damage caused by the two-digit VAT increase will bankrupt traders, entrepreneurs, especially retailers. One of the chain of...

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Wineries not dare to improve

Wineries’ planned investments of this year can fail. Banks cut back on their lending activities due to the crisis, so capital poor wineries will not have excess despite having successful...

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McDonald's: Increasing turnover and share price

In July, McDonald's continued to rise its revenues. Thanks to the increasing demand for hamburger and coffee, the company's sales increased by 4.3 percent, which exceeded the expectations of analysts....

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The creditors of FoodExpress can only get the fraction of their claims

Thirteen creditors with a total value of 823 million HUF submitted a claim on the liquidation of the Food Express, Hungary (FEH) Ltd. until deadline – reports the liquidator Csabaholding...

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A decreasing interest on cereals

According to the Hungarian Chamber of Agriculture; wheat’s price is 30 thousand HUF per tonne due to the small demand for grain. The price of autumn barley is only 25...

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Due to a dispute the production of Szobi Syrup can not start

According to the new owner; at the Szobi Syrup Ltd., production still can not restart due to a dispute, even though the plan for this year was a turnover of...

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Levegő Munkacsoport will not start a lawsuit against the shopping mall

Referring to the interest of the local residents, the Levegő Munkacsoport withdraw from the lawsuit against the Köki Terminál shopping centre. The green organization stressed that, after a long consultation,...

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Crisis do not put a large effect on the toilet paper and paper handkerchiefs consumption

The retail sales of household paper increased by 10 percent between July 2008 and June, 2009, compared to the previous comparable period, and exceeded of 42 billion forints – states...

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Half million hectoliters less beer consumed last year than 2007

The economic crisis has reached the Hungarian brewing industry. The total sales of the breweries decreased by 7 percent, compared to the previous year. The growth trend of the previous...

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The reputation of the large Hungarian companies became measurable

The reputational ranking of the largest companies has been completed. The B & P BrandAktív measured the social assessment of 40 leading domestic companies in the last two months. The...

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Pándi cherry cake of Zilah coffee-house became the Cake of the Country

The Industry College of Hungarian National Confectioners greets Hungary on its Birthday with Pándi cherry cake. For three years, on 20th August, in the course of the Prime Minister's Office...

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It will be easier to open small shops in the future

The government would liberalize the trade activities significantly in the future. It will be enough to report to the competent notary the opening of a new shop. The simplification is...

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Tesco Express opened in Angyalföld

A new Tesco Express store opened on 7 August in Budapest at Béke u. 13-19. in the 13th borough. The Tesco chains of stores has already 10 new format shops...

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Eight out of ten women feel compunction, after big shoppings

According to a survey ordered by British ice cream manufacturer company Skinny Cow, 83 percent of women feel compunction, after shopping and overspending. The ladies mostly feel unpleasant because of...

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