News and articles

Mood Media Makes Changes At The Top

Stepping down as Group Executive Chairman at Mood Media concentrate on strategic growth opportunities for the Group and other investments, Philippe G von Stauffenberg has named Jean-Marie Noizet, previously Group...

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Nike Inc. has won lawsuits against fakers and dealer

The Shanghai Court awarded the world's largest sports apparel company, a total of 350,000 yuan ($46,100) in damages. The Shanghai No. 2 Intermediate Court awarded Nike, the world's largest sports...

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Nestle Waters is set to buy a water production facility in the US

The US unit of the water company is thought to be around two months away from acquiring Blu Springs Farm in Oswego County in New York.   The unit will...

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Chinese food meet the standars

More than 99 percent of China's food exports meet U.S., European Union and Japanese standards, according to a White Paper policy proposal released by the information office of China's cabinet....

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From 2009 no more Nickelodeon figures in junk food ads

Nickelodeon in pledging to limit the use of its characters on food packaging and promotional tie-ins when it targets kids under 12–unless the product meets certain healthy-living standards. Nickelodeon, which...

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Cake of Hungary at six Szamos Marcipan confectionery

The Floating Island Cake's recipe was made by Association of Hungarian Confectioners, at the suit of the Hungarian Prime Minister's Office.The birthday cake of Hungary is a fancy cake, a...

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HUF 87.5 billion general government deficit in August

The ministry left its estimation for the entire year 2007 unchanged at HUF 1,529 billion, or 6.0% of GDP (cash-based figure without local municipality budgets). As expected, Hungary had HUF...

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Mueller-Milch and Coca-Cola Israel Group made joint venture in Romania and Bulgaria

The German family-owned dairy group's product will distribute by Coca-Cola Israel in Bulgaria and Romania.  Coca-Cola Israel currently distributes brands such as Tuborg, Carlsberg, Orangina and Granini in both markets, the news...

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Sara Lee Corp. reported 32% operating income

The Chicago based company announced net sales for fiscal 2007, ending June 30, 2007, were $12.3 billion, an increase of 7.1 percent. Net sales grew in all six business segments,...

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Tetra Pak aims 10 per cent cut in CO2 emissions by 2010

The company, holds 80% share of the carton market, said it had reduced its CO2 output to 373,000 tonnes in 2006 from 390,000 tonnes in 2005.  The group added that...

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H.J. Heinz Co. introduced about 100 new products in the past 12 months

The company plans to add 200 items in the year through April. The company spent 25 percent more on marketing to promote healthier products in the U.S. and U.K  but...

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Despite high raw material prices, the margin on operating profit rose

Nestle, the world's largest food company by sales said half-year net profit rose by 18% to CHF4.92 billion from CHF4.16 billion in the year-ago period, beating analyst expectations of around...

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Newest control wave at Lake-Balaton

Not only the invoices will be checked, but the employment method will be controlled too.  This week the supervisors of the Hungarian Tax and Financial Control Administration are operating together...

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Frappé recall is not neccessery in Hungary

According to importer Store Ltd., there wasn't any dioxin tainted Jede product in the hungarian shops, so there will be not a recall.  Jede Ab, owned by Neste Sweden said...

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No decrease in inflation rate in July

The consumer price-level hasn't changed since June, it's 8.4% higher as one year ago – said KSH yesterday.  The inflation for retirees was 11.4% higher on yr/yr basis, but 0.1%...

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