News and articles

Fornetti to Expand Output

With a view to cater for growing demand from Bulgaria and Romania, the company plans to expand the capacity of its plant by 250-300 tons per month. To reach its...

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Hershey to Close one of its American Plant

A Naugatuck factory where candy bars such as Mounds and Almond Joy have been made for 85 years, is shutting down for good. The shift is part of an overall...

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Reorganizations at Kraft Foods

Kraft FoodS Inc. said it will close its Cobourg, Ont., manufacturing facility by October 2008.  The Northfield, Ill., food company has 380 employees at the Cobourg plant, which makes cereal,...

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Plus and Netto Marken-Discount to Form Joint Venture

The Tengelmann Group will in future be cooperating closely with the Hamburg-headquartered EDEKA Group.  The new company in which EDEKA has a 70 percent stake and Tengelmann 30 percent will...

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Renovation program for one million USD at Holiday Inn hotels

All Holiday Inn hotels, more than 3,000, open or under development are expected to have implemented the relaunch programme by the end of 2010, with the first due to open...

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Bank of the year 2007- CIB Bank is on the top

Mastercard Bank of the year 2007 competition's second place is MKB's, the third is for OTP. The most sympathetic bank for the public was Raiffeisen Bank. Most of the biggest...

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Hungary's biggest shopping centre opens

After two weeks and 3 hour lag yesterday Arena Plaza opened its gates. People run to buy cheap flat tvs and other discount price products. The 180,000-square-metre Arena Plaza will...

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Slackly developing on hypermarkets

According to Nielsen Research Company this year until November 11 new hypermarket were opened, last year, there were 17, two years before 15 new hypermarket opened its gates. There are...

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Food price increase in EU

European prices for bread, cheese and other food increased in October at the fastest annual pace in more than five years. Food-price inflation in the 13-nation euro region accelerated to...

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London to ban the free plastic bags

Shoppers in British Capital could soon be forced to buy reusable carry bags as part of a push to ban free throwaway plastic bags. A group of 33 local London...

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Soybean price on the top, near to the 20 years old record

China wants to buy in big volume, it riese the prices on the global market, now it stand at 10.7 USD a bushel. Soybean futures jumped sharply on the Chicago...

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Adding carbon monoxide to meat packages devices congressmen in the US

Last week there were several scandals in the US, a few days ago 500 tons of meat must be recalled because of e-coli.  Meat manufacturers has used a process to...

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IFE and FOODAPEST together

Food industry meeting point of east and west on 20-22 November in Hungexpo Budapest.  IFE Foodapest is the new annual international trade fair for food, drink and hospitality professionals in...

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Profits boost for Sainsbury's

First-half profit climbed 27 percent on increased organic food sales. The supermarket giant has a 4.7 per cent increase in turnover to £10bn. Pre-tax profits came in at £240m for...

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Szechenyi Card 2 to come

The government will not close the Szechenyi Card's interest subsidy, the card will be renewed.  The minister of economy Janos Koka said, the government give interest subsidy until 31. December...

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Joint venture between Sealed Air and Teknick Packaging Group in Turkey

The newly established joint venture aims to be one of the largest food packaging company in the region.   Teknik Packaging Group, one of the leading packaging groups in Turkey,...

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Hungarians are trustless, but 25% of them never see what to eat

According to TARKI and Image Factory research 75% of the costumer in Visegrad countries check the warranty period, but only the half of them listen to components.   There are...

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Gross domestic product growth

The increase was 0.3 percent as compared to the preceding quarter, by the seasonally adjusted data. According to the joint preliminary estimation of the HCSO and Ecostat the gross domestic...

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Bird flu in England

The authorities have now culled more than 5000 birds on the Redgrave Park farm, near the town of Diss in Suffolk. The Department for Environment, Food and Rural Affairs (DEFRA)...

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European Comission defended the Balaton snack

Kraft Foods is set to take an even larger share of the EU snack market after receiving conditional approval by the European Commission to purchase the biscuit, cereals and snack...

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Due to negative press sales sill increased at snack market

According to Euromonitor PepsiCo, Procter & Gamble and United are the most successful snack companies. The topping position thanks to strong sales of popular favourites combined with innovation in the...

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First Törley dancegala

Wide collection of dance art, from Latin dances to Hungarian folkdance were to see on the jubileum dance gala.  The event stagey with due decorum, elegancy and movement was patroned...

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Pessimistic mood in Hungarian Economy

According to GKI conducted survey, with European Union support, the overall confidence index down from September's minus 16.8 to minus 21.1 percent for October.  The consumer confidence index deteriorated from...

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Russian Unimilk to expand

According to Russian media reports the dairy producer Unimilk has acquired CJSC Tikhoretsky canned baby meat plant. The company completed the buy-out of the Krasnodar-based operation last week, which was...

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Aromadon to Expand Powder Marinades Output

Marinade universal, the new product provides piquant taste and aroma as well as a gold colour.   Aromadon Ltd., a Russian manufacturer of spices, extracts and flavours as well as...

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Ginseng food supplements recall because of radiation

Czech food supplement manufacturer Biopol GN have to recall its “Barney's” ginseng food supplements.   This measure was imposed because Barney's ginseng, manufactured by Premium Quality Product of Canada, and...

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In the face of hard time InBev closed a successful third quarter

Beer volumes increased 3.6% organically in 3Q07 year-on-year (yoy), with volume growth in all Zones except Western Europe. Year to date, overall beer volumes were 4.8% higher. Reveneu grew by...

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