News and articles
Unilever has developed more salt-reduced products
Date: 2007-09-05 00:00:00
The range of products within the Pot Noodle brand will now contain 50 per cent less salt than in 2005, continuing the company's programme to reduce salt levels in all...
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PepsiAmericas has set up a joint venture in Bulgaria
Date: 2007-09-05 00:00:00
The american beverage company, which initially owns 20% of the joint venture, said that the new arrangements with Agrima will result in PepsiAmericas owning 100% of the joint venture as...
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Bird flu in south Russia
Date: 2007-09-05 00:00:00
About 500 chickens in the south Russia's Krasnodar Territory have died of bird flu H5N1, a local official said. The outbreak was detected at a poultry farm in the town...
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Turo Rudi production in China
Date: 2007-09-05 00:00:00
EU-Milk Technologies Kft. made a joint venture with a chinese agriculture company to process milk products as the famous hungarian Turo Rudi (curded cold sweets), yoghurt and kefir. The company,...
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Nestlé has lined up the acquisition of a mineral water company
Date: 2007-09-05 00:00:00
Upon completion of the deal, Nestlé_Waters will control slightly less than 25% of the Swiss bottled water market. The food and drinks giant confirmed today that it has agreed with...
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The eurozone economy slowed in the second quarter
Date: 2007-09-05 00:00:00
Economic growth in the 13-nations that share the same currency, narrowed to 0.3 percent in the second quarter after a quarterly increase of 0.7 percent in the first three months....
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Unilever to cut 10-12,000 jobs in Europe
Date: 2007-09-05 00:00:00
Unilever's announcement in August that it would cut up to 11 pct of its workforce over the next four years as part of the 'One Unilever' programme. Anglo-Dutch consumer...
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In a month we will know who can buy Kempinkski's 9,92% share from Budapest Municipality
Date: 2007-09-04 00:00:00
Until Friday's termin 3 offers arrived for the Kempinski Hotel Budapest's share, which has a nominal value in HUF 258 Million. The company ownes the Kempinski Hotel Corvinus Budapest, near...
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Only 1.4% growth at the Hungary 2007 GDP in the 2Q
Date: 2007-09-04 00:00:00
Hungary's economy will grow at a smaller rate in 2007 than previously thought, while the rise of gross wages and inflation will be faster than expected-GKI said in a forecast...
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SMEs Confidence index 93%
Date: 2007-09-04 00:00:00
According to ECOSTAT the SMEs business confidence index is the same as one month before, but 10 % higher than one years ago. 30% of SME managers believe that the...
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Eurozone economic confidence softens in Aug
Date: 2007-09-04 00:00:00
Economic confidence in the 13 countries pulled back in August to 110.0 in the single currency bloc from 111.0 in July, roughly in line with economists' exepectations. The outlook was...
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China Brand Trade Center in Budapest
Date: 2007-09-04 00:00:00
After Dubai, the CBTC will be the second center where more than 1000 of the best chineese companies can intrudece their products. AsiaCenter Kft and Fashion Mart Rt signed an...
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Monopoly in the glass sector
Date: 2007-09-04 00:00:00
The European Commission said it was looking into allegations made by European Federation of Wine and Spirits Importers and Distributors, or EFWSID, that lack of competition in the glass bottle...
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Trade gap decrease
Date: 2007-09-03 00:00:00
According to Central Statistics Office the Hungary's H1 gap is by far the best in the past eight years. Hungary's trade gap widened by EUR 39 m in June to...
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More than HUF 1 billion investment in Hungary
Date: 2007-09-03 00:00:00
Investments in the Hungarian economy dropped by 0.4% year on year in the second quarter of the year, against a rise of 0.8% in Q1, according to preliminary figures released...
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American products were recall in China
Date: 2007-09-03 00:00:00
Accordingt to china's quarantine administration said its bureau has discovered harmful living organism in 10 batches of wooden packages from the United States among the total 70 batches sampled between...
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No real estate tax in Hungary in 2008
Date: 2007-09-03 00:00:00
The Hungarian government will not introduce a real estate tax in January 2008, but talks between the governing coalition parties continue about the lowering the threshold for luxury tax. ...
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Toys 'R' Us Recalls Chinese Art Sets
Date: 2007-09-03 00:00:00
Wayne-based Toys “R” Us Inc. and the U.S. Consumer Product Safety Commission said printed ink on the packaging of the Imaginarium Wooden Coloring Cases also contained lead. The 213-item set...
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Dunkin' Donuts develops new zero trans oil
Date: 2007-09-03 00:00:00
US-based Dunkin' Brands has developed a new oil in order to create trans-free fat bakery products without sacrificing quality, flavour and taste, the company said this week. The Dunkin'...
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Statistically safer to eat at big-chain fast-food joints
Date: 2007-09-03 00:00:00
There are about 76 million cases of food-borne illness — ranging from an upset tummy to kidney failure and death — each year in the United States, according to estimates...
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The biggest are the most optimist
Date: 2007-08-31 00:00:00
Ecostat TOP-100 index of business-activity rose to 103.4% in August, which meant a 3% rise compared to July's results. The index of business activity measured 80.4 % last August. Calculations...
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Coca-Cola to close concentrates plant near to Dublin
Date: 2007-08-31 00:00:00
The beverage giant would shut down one of its three ingredients plants in Ireland. The company will shift the production of concentrates from the 30-year-old plant in Drogheda, north of...
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EU asks food shops to act 'responsibly' on prices
Date: 2007-08-31 00:00:00
Europe's farm chief called on retailers not to make European Union's (EU) consumers pay excessively for staple foods such as bread and milk despite recent surges in international grain and...
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Hungary's Industrial Producer Prices Stagnated in the Summer
Date: 2007-08-31 00:00:00
According to KSH the domestic sales prices slightly rose by 0.1% in July 2007 compared to the previous month, and by 6.2% compared to July 2006. The export sales...
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“Challenging” UK, US but InBev still up in Q2
Date: 2007-08-31 00:00:00
The Belgium-based brewer has reported a strong showing in its second quarter, despite “challenging conditions” in both the UK and US. Sales in the period rose by 7.6% in...
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Cadbury to buy Intergum
Date: 2007-08-30 00:00:00
Cadbury's planned acquisition of the Turkey-based chewing gum manufacturer Intergum has been approved by the competition regulator. Cadbury announced the proposed 333m acquisition in June this year, claiming the move...
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Run on furniture – especially at IKEA
Date: 2007-08-30 00:00:00
The Hungarian IKEA has reported HUF 38.6 billion revenues for its financial year ending 31 August, which is a 16% increase from FY2006. IKEA Lakberendezési Kft. had 4.7 million customers...
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Rotten Meat scandal in Germany
Date: 2007-08-30 00:00:00
The rotten meat would be sold for Turkish doner kebab restaurants. Authorities had confiscated more than 11 tons of beef and turkey meat at a company based in the southern...
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Heineken fixed its 20-25% profit growth forecast
Date: 2007-08-30 00:00:00
The Holland-based brewer said that net profit for the six months to the end of June fell markedly, by 30.4% year-on-year, to EUR302m, although net profit took a hammering from...
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