News and articles
Netto/Plus Deal Referred To Local Regulator
Date: 2008-07-09 00:00:00
The European Commission has referred Rewe's bid to buy the Czech Plus discount chain to the Czech Competition Authority. The EC said it was passing the case as the...
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Lidl – soon in Romania
Date: 2008-07-09 00:00:00
The company is looking for locations to open its first stores in Romania, it is building a 45,000-square metre logistic centre on the outskirts of Bucharest. Schwarz Group-owned Lidl has...
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Pringles Are Not Potato Chips
Date: 2008-07-09 00:00:00
Pringles, Procter & Gamble Co.'s salty snack stacked in a tube, are not potato chips, a London judge ruled today in a tax dispute. Pringles don't fulfill the legal definition...
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Hungary is in Late with Arrangements against Salmonella
Date: 2008-07-09 00:00:00
EU would give money, in the next four years , for decreasing the Salmonella infection in Hungarian poultry from nowadays' 60% to 1%. Only 2-3 from chickens 400 normal Salmonella...
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American Express Settle for $1.8 Billion
Date: 2008-07-09 00:00:00
American Express sued larger competitors MasterCard and Visa Inc. in November 2004 after the U.S. Supreme Court ruled they violated antitrust laws by preventing member banks from offering rival cards....
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Nestle Sells 25% Stake Of Alcon To Novartis
Date: 2008-07-09 00:00:00
The deal was worth $10.4bn in cash, about $200m less than the figure stated in April when the transaction was first revealed. Novartis said the lower amount reflects a dividend...
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Unspent EU farm aid to go to Africa
Date: 2008-07-09 00:00:00
The World Bank has estimated that about 6 billion euros is needed in short-term aid to help poor countries face the global food and fuel price crisis. "The EU...
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British vaste food yearly in value of 10 billion pounds
Date: 2008-07-09 00:00:00
In 2008 an average British family spends 9% of household's income for food, it was 16% in 1984. A Cabinet Office report, Recipe for Success, showed 4.1 million tons of...
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Exports and imports levels are higher by 7 percent
Date: 2008-07-09 00:00:00
According to first estimates of Central Statistic Office in May 2008,, exports amounted to HUF 1,513 billion, while the value of imports reached HUF 1,504 billion. The Euro value of...
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New Marketing Director at Borsodi
Date: 2008-07-08 00:00:00
András Szirbek believes the real brands give not only added value but it functions as a cohesion power for the companies and pulsates in every unit and process of the...
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Value shops tip growth as shoppers trade down in UK
Date: 2008-07-08 00:00:00
Aldi, Lidl and Netto, the discount supermarkets, are forecast to increase their share of Britain's grocery market by 60 per cent over the next four years. A new report claims...
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Coca-Cola agrees to $137.5 mln settlement in case
Date: 2008-07-08 00:00:00
A shareholder lawsuit claimed the world's largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, claimed...
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InBev Seeks to Replace Anheuser – Busch Board
Date: 2008-07-08 00:00:00
The world's second largest brewer by volume, said it wants to provide shareholders with an opportunity to have a direct voice in its proposed takeover of Anheuser-Busch. Belgian brewer InBev...
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SABMiller Completes Ukrainian Acquisition
Date: 2008-07-08 00:00:00
The Ukrainian competition authorities gave green light to SABMiller, to complete the acquisition of 99.84% interest in the Ukrainian brewer CJSC Sarmat. Sarmat is one of the largest brewers in...
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Running with Puma in Tate Galery
Date: 2008-07-08 00:00:00
In every hour fifty amateurs will sprint as fast as they can through the gallery at 30-second intervals. Work No 850 is the latest piece by Martin Creed, who has...
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Trend Research about the Hungarian Youth by Fanta
Date: 2008-07-08 00:00:00
In the first part of the study, researcher was looking the using of digital technology and the digital culture between the young people. The second part spyed the attitudes to...
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Zwack Manufaktúra House at VOLT Festival
Date: 2008-07-08 00:00:00
The most popular drinks were the limited edition of Kosher apricot with honey and peach palinkas – designed direct for the event. 77,000 people arrived to Sopron to hear...
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New F&B director at Birdland Resort
Date: 2008-07-08 00:00:00
Tibor Mészaros is liable for increasing quality at Resort's catering services in frame of a reorganization program. The famous specialist leads from now 3 restaurants, 5 bars, 2 kitchen and...
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Carrefour is intended to buy Karavan
Date: 2008-07-07 00:00:00
The second largest chain of food hypermarkets is negotiating the purchase of the controlling stake of Karavan hypermarket chain in Ukraine.The owners of the chain estimated 100% of its cost...
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Cheap import and tax reduction could decrease the food price
Date: 2008-07-07 00:00:00
According to common research of Kopint-Tárki Konjunktúrakutató Intézet Zrt. and AgrárEurópa Tanácsadó Kft. in long periode we have to be ready for high food prices. The specialist said because...
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The Total Warning was Spare and Wrongdoer
Date: 2008-07-07 00:00:00
According to Trade Union of Meat Processor Workers the Pápai Hús Zrt. wrongs the Book of Work Law. The Trade Union ask the National Authority of Work to examine the...
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Online Sales Up 60% In Romania
Date: 2008-07-07 00:00:00
Romanian online sales rose to E25m in the first six months of 2008, according to figures from RomCard. The number of transactions amounted to 300,000, while the average value of...
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Nestle Water to Build EUR 7 Million Plant in Portugal
Date: 2008-07-07 00:00:00
Work on the new facility in Coruche will start next week, with production beginning some time in 2009. Nestle Waters Direct has announced it will build a new plant costing...
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Danisco Cultures Invests in Kefir
Date: 2008-07-07 00:00:00
Danisco has completed in a major expansion of its kefir culture processing plant in Olsztyn, Poland, more than trebling capacity to meet the growing international demand for kefir products. The...
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The Deficit May Be Even Lower Than Planned
Date: 2008-07-07 00:00:00
Substantial improvement in the internal and external equilibrium this year with real wages in the business sector already climbing while inflation and interest rates remain high. The forecast prepared by...
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HUF 14 billion Ice Tea Market in Hungary
Date: 2008-07-07 00:00:00
According to Nielsen Research the sales of ice tea grow in volume by 23%, in value by 19% between Mai 2007-April 2008. The most popular taste are lemon and peach,...
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Wal-Mart Faces $2 Billion Labor Law Trial
Date: 2008-07-04 00:00:00
The lawsuit is one of more than 70 cases, including class actions, or group suits, in which Wal-Mart has been accused of wage-law violations. Wal-Mart Stores Inc. broke Minnesota...
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LEGO Group takes over production from Flextronics in Hungary, Mexico
Date: 2008-07-04 00:00:00
The largest toymaker in Europe, has announced that it is taking over LEGO production from contract manufacturer Flextronics in Juárez, Mexico and Nyíregyháza, Hungary. The LEGO Group and Flextronics have...
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Nestlé to sell prime property in Budapest
Date: 2008-07-04 00:00:00
Nestlé has decided to sell a 2,500-square-meter property in Budapest with a panoramic view of the Buda Castle, the Chain Bridge and the Pest skyline. Nestlé is selling the property...
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Barilla raises pasta prices 40 pct in 18 months
Date: 2008-07-04 00:00:00
The price of pasta in Italy was up 22.4 percent in June from the year before, while the price of bread rose 13.0 percent. Prices of durum wheat used for...
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