News and articles
Hungarian wine growers in trouble
Date: 2009-02-20 05:41:19
According to Varga Winery market analyze demand for wine decreased at HoReCa sector, but sales in retail are till now stabil. The survey said in January there was a 15-20%...
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Food donation from Raiffeisen Bank
Date: 2009-02-20 05:12:28
The bank's „Jointly” program gives food for 9 créche, in three places the donation arrives in frame of a small event. The bank collected more than HUF 10 million from...
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HP turns to services as hardware sales falter
Date: 2009-02-20 03:46:24
HP said Wednesday that its profit dropped 13 percent in the latest quarter, dragged down by weakness in all major business lines except services. Sales ticked up just 1 percent...
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Nestle Warns Of Lower Sales in 2009
Date: 2009-02-20 03:35:31
Food giant Nestle has said its sales growth in 2009 is likely to come in at the low end of its target range, as the economic crisis makes it more...
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Carrefour stops activities in Algeria
Date: 2009-02-20 03:17:29
Carrefour and the Algerian group Arcofina have ended their partnership agreement, less than two years after being established, Carrefour said. "The concept of mass distribution does not work in Algeria,"...
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Retail area still growing in Hungary
Date: 2009-02-19 12:07:04
According to DTZ real estate adviser's analyze in 2009 the retail area increase by 450,000 sqm in Hungary. In next 3 years the grow will be 1 million sqm. Last...
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Hungarians has only 5 hours free time on workdays
Date: 2009-02-19 11:33:28
People have year to year less free time, and no changes to wait – concludes GfK Hungária newest freetime research. According to the survey responders think they will get less...
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Hungarian foods in Japan
Date: 2009-02-19 08:44:14
The Hungarian Agricultural Marketing Centre (AMC) organised 8. times collective stand for Hungarian firms on Foodex Japan. FOODEX JAPAN is held annually, welcoming 2,400+ exhibitors from 60+ countries & regions...
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Kraft Reveals New Brand Identity, Logo
Date: 2009-02-19 08:25:31
The company said it spent eight months developing the new logo, seeking feedback from thousands of employees and consumers worldwide. Kraft Foods has unveiled a new corporate logo and brand...
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Success with Darfresh packaging in Norge
Date: 2009-02-19 08:22:15
The new Stange products are very well received by both retailers and consumers. The products are now selling well at high profiled Norwegian retail chains. Located in Tønsberg, in Southern...
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Council tax against too much food packaging
Date: 2009-02-19 05:53:00
Almost 40 per cent of supermarket food packaging cannot be easily recycled, according to a study by the Local Government Association. Researchers assessed the packaging in a typical shopping basket...
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Wal-Mart' record sales
Date: 2009-02-19 01:30:00
Wal-Mart has reported that net sales for the fiscal year to 31 January 2009 were USD401.244 billion, an increase of 7.2% over fiscal year 2008. Income from continuing operations increased...
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Woolworths reborn?
Date: 2009-02-19 00:22:00
Three former bosses of Woolworths are ‘relaunching’ Woolworths under a new name. Former Commercial Director Tony Page and colleagues Andy Latham and Steven Jebson will open 50 shops based on...
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First SPAR Harmonia magazin published in 2009
Date: 2009-02-18 12:30:13
After a successful test periode this year SPAR gives its lifestyle magazin four times to the public. Since many years SPAR is active at popularizing healthy eating and lifestyle. As...
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Majority of Hungarians think themself obese
Date: 2009-02-18 12:00:29
According to a Nielsen survey in 52 countries only 18% of Hungarians try to loose weight, it is the less in Europe. The research indicate that there is a global...
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22 Hungarian firms at Biofach
Date: 2009-02-18 11:39:48
90% of Hungarian bioproducts are exported to Germany, so the presence at Nürnberg exhibiton is necessary for Hungarian farmers. BioFach is 20. 2,717 exhibitors at BioFach and Vivaness, the world...
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Raiffeisen offers currency risk free credit for circulating funds
Date: 2009-02-18 11:13:05
This is the first bank which offers credit construction from the HUF 140 billion value New Hungary Circulating Funds Credit. From 17th February each enterprises can borrow maximum HUF 200...
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Visa is the best known medium of payment in Hungary
Date: 2009-02-18 10:19:31
According to an on-line research by Research International Visa is the best known and most popular medium of payment in Hungary. 61% of responders said they use their visa card...
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New clients at Mood Media
Date: 2009-02-18 07:30:30
From February Mood Media is the music provider for Nike shop in Budapest and in the country. Also Mood Media provides background music in Fórum Debrecen mall in East-Hungary. Costa...
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Casino to open discount frozen food store
Date: 2009-02-18 04:46:54
The first Iceko store will open over a sales area of 200 square metres in Paris. Casino is launching a pilot discount frozen food format called Iceko to compete with...
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Unilever suspension cost a lot for Delhaize Group
Date: 2009-02-18 04:17:03
Customers are dependent on certain brands and they have carefully selected those they want. Delhaize Group in Belgium is losing market share to its competitors due to its decision to...
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Tesco supports a créche in Mátészalka
Date: 2009-02-17 12:53:18
Since a few months Tesco’s consumers in some stores have to pay HUF 5 for their plastic shopping bags. From sales income of the bags company supports local institutes and...
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In December Hungarians spent more for „bottled” happiness
Date: 2009-02-17 12:49:11
Hungarian consumers, shopping soda in December, gave out HUF 36 of every 100 for Coca-Cola. Coca-Cola is a real ’Lovemark’ in Hungary. Inspite of the financial crisis Hungarians doggedly buy...
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Central and Eastern European companies remain upbeat
Date: 2009-02-17 12:10:55
A survey, undertaken by the Economist Intelligence Unit on behalf Atradius shows that despite concerns about the regional economy, companies do not expect a significant deterioration of their business in...
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First industry output decreasing since 1992
Date: 2009-02-17 11:30:13
In 2008, the volume of industrial production declined by 1.1% compared to 2007. In December 2008, industrial gross output decreased by 19.6% compared to December 2007, the index adjusted for...
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Co-operative Group to use biometric data collection to record worker hours
Date: 2009-02-17 08:15:48
The system will use biometric data collection terminals enabling finger scan verification, to record the working hours of 55,000 staff members. The Co-operative Group is introducing a new workforce management...
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SPAR acquires Ipercoop hypermarkets in Croatia
Date: 2009-02-17 08:03:19
According to reports in the local press, the four stores, of which two are located in Zagreb and one each in Split and Osijek will keep the Ipercoop banner but...
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PepsiCo sees growth in snacks, dairy
Date: 2009-02-17 07:44:28
Pepsi formed a joint venture with Saudi Arabia's Almarai Co , the Gulf's largest dairy company by market value. The venture, will be called International Dairy and Juice Ltd and...
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Russia Raises Import Duties on Milk and Butter
Date: 2009-02-17 07:28:59
The Russian government announced that will increase the import duty on butter (derived from milk) to not less than 0.35 Euro/kg, up from 0.22 Euro/kg; and Resolution that increases the...
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Fast food restaurants enjoying strong growth trough the recession
Date: 2009-02-17 07:15:15
KFC will invest EUR167million in a project to open 300 outlets over the next 3-5 years in the UK. According to KFC, the company is enjoying strong growth through as...
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