News and articles

Rounding errors at 1-2 forint coins withdrawal

Gyorgy Vamos, President of Hungarian Trade Association wrote a comment about the problems, that brings the 1-2 HUF coins withdrawal. The President said there are not exactly rules about the...

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New HR director at SIO-ECKES Ltd.

Marianna Bartos came from Johnson&Johnson Ltd., and has got 15 years FMCG experience. The new HR director of the company, employing 250 people, said she belives that SIO-ECKES can get...

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Real wages decreased by 4.7%

Average gross and net earnings by national concept rose by 8.3% and by 2.9% respectively compared to the same period of the previous year.  2 million 765 thousand persons were...

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Marketing director joined to TV2 management

Andrea Nagy has on her hand the off-air and on-air marketing and communications activities of the channel. The specialist has several years international experiences, started her carrier at Saatchi&Saatchi Budapest,...

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From Januar all local business tax breaks and exemptions eliminated

In its latest Tax and Legal Alert on Monday, PricewaterhouseCoopers detailed the implications.  Due to the requirements of harmonizing Hungarian regulations with Community legislation, local business tax breaks and exemptions...

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Commission encourages development of 'innovative' foods

The European novel food regulation could bring the waiting time from around three years to just one for the applicants. This proposal aims to create a more efficient and practical...

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Canon scanners under new brand name

ScanFront, DR- and CR-scanners got a new brand name imageFormula from January.  Canon collected the products under one brand name and makes a new marketing strategy for them....

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Non-GM Label on Germany Food

Germany will introduce a special label for food that hasn't been genetically modified.  Agriculture State Secretary Gert Lindemann said the new “non-GM” label will apply not only to non-genetically-modified crops...

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Heineken Acquires Brewery in Nord Africa

The current growth of the Algerian beer market is approximately 10% per year, per capita consumption is 3.2 litres.  Heineken acquires Tango sarl from the Group Mehri. The company employs...

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Gherkins cured with mouse

The Slovene Mercator retail chain has to recall jars of pickled gherkins made by Hungarian Parmen Ltd., because a jar containing mouse remains. Mercator started preparing the documentation for the...

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The Superbrands are more known and attractive as other brands

The Brand Potential Index is high at meat and healthy products, but also at community portals. The Superbrands Hungary ask GfK Hungaria to research the brand knowing and the attitude...

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Video ads at grocery carts by Microsoft

Customers with a loyalty card will be able to log into a Web site at home and type in their grocery lists.  The software maker spent four years working with...

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Succesful jubilee year at Beiersdorf

In the year of its 125th anniversary, the Beiersdorf Group once more achieved record preliminary results with sales of € 5,507 million and an operating result (EBIT) of € 683...

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Malls at the country side

According to Association of Hungarian Malls this year more shopping centers will be opened outside of Budapest.  Center Invest Ltd. plans 5 malls: in Godollo, Kaposvar, Keszthely, Nagykanizsa and Gyongyos....

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Daily 300,000 „Turo Rudis” by the time the Olympic Games

In mid January EU-Milk Technologies Kft is to start up a Chinese production line.   Within a year a combined Hungarian and Chinese company is expected to operate Rudis (a chocolate...

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Henkel sells its the industrial-water-treatment business

Israel Chemicals Ltd.'s subsidiary BK Giulini agreed to pay 60 million euros fo rthe unit.  Currently, HWT employs 180 people in sales, service, research and development and in the production...

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In November 2007 the industrial gross output increased by 5.5%

The volume of the production was higher by 8.2% in the first eleven months of 2007 than in the same period of the previous year. The industrial export sales grew...

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Consumer price are increased higher az waited in December

In the food sector the prices of procecced products growth faster as the prices of comestible. In December 2007 consumer prices increased by 0.4% compared to the previous month and...

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Marketside – Wal-Mart's answer to Tesco

The American giant retail company opens small-format grocery stores in Arizona to rival British retailer Tesco's Fresh & Easy markets.  The pilot stores are roughly 20,000 square feet in size...

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XXXLutz acquires Hungarian peer Sconto

One of the Budapester Sconto store, and the one in Miskolc will be Möbelix discount. The company plans 2-3 further stores in 2008.  From 1. of April Möbelhandels GmbH, affiliated...

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Cloned Food to sell in Europe

Meat and milk from cloned animals is probably safe for humans, the European Union's food safety agency said in a preliminary report.  "Based on current knowledge, there is no expectation...

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Moskow to enrich its Food Producing

The transfer of arable land owned by the Defense ministry to agricultural producers will be speed up.  Russian First Deputy Prime Minister and most likely future president Dmitry Medvedev called...

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Hungarians at the International Green Week Berlin

The 73th exibition, representing all areas of the food industry, agriculture and horticulture, will take place from January 18 to 27. Typical Hungarian food products will be offered there too....

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Changes at Agriculture Ministry

State Secretary for Agricultural Administration Fulop Benedek leaves the ministry, the organization will have a new State Secretary Miklos Suth.  In the future Fulop Benedek works at the State Treasury,...

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Nine swans dead as bird flu concern grows

Dead wild swans were found infected with the H5N1 strain of bird flu near to Dorset.  Defra has set up control and monitoring areas around the Abbotsbury site to try...

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Worldwide Fight against plastic bags

China made progress in the battle against bags, banning free plastic shopping bags, in the US stores have to collect back the used bags.  Australian Government move to scrap plastic...

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Price of grain and fruits pushed the index

In November 2007 the producer price level of agricultural products rose by 35.3 percent, compared to the corresponding month of the previous year. The price level of crops and horticultural...

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Industrial expectations deteriorated, consumer confidence improved

The seasonally adjusted GKI Economic Sentiment Index increased a little in December. The survey of GKI Economic Research Co.– supported by the European Union – shows that after a significant...

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