Company and Personal News
Romanian Altex revises estimated turnover down by 30m euros
Date: 2008-07-17 00:00:00
The largest electronics and home appliances retailer on the local market, has downwardly revised its estimates for this year's turnover to 400 million euros, after, at the beginning of 2008,...
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France Ends 12-Year Ban on Red Bull
Date: 2008-07-17 00:00:00
Energy drink Red Bull appeared in its original recipe in France's shops for the first time on Tuesday, implementing European regulations. The drink had been banned in France for twelve...
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Parmalat Shares Hit Record Low
Date: 2008-07-17 00:00:00
Shares in Italy's Parmalat slumped to their lowest level since the dairy group's 2005 restructuring, after the company cut its 2008 outlook for sales and core profit due to a...
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GfK Hungary is a Business Superbrand
Date: 2008-07-17 00:00:00
According to the jurey GfK Hungary represents quality and trustiness in the business life. The essential components that define a Business Superbrand – quality, reliability and distinction – help make...
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HUF 1 million Award from Tchibo
Date: 2008-07-17 00:00:00
Costumers of Tchibo products could take part in a winner game with buying Tchibo products in Tesco hypermarkets. Products showed on a yellow wall brought lucky for many people, most...
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Tip in the annual tax return
Date: 2008-07-17 00:00:00
According the Hungarian Tax Authority employes in the domestic catering service got HUF 1 billion tip in 2007. This year almost 4,000 waiters avowed average HUF 24,000/month tip thinking...
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Levi's Profits Fall
Date: 2008-07-16 00:00:00
US jeans maker Levi Strauss posted a 98 per cent drop in quarterly net profit. The company cited weak consumer spending in major global markets, including the United States. ...
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EasyHotel to develop 10 outlets with Eclipse
Date: 2008-07-16 00:00:00
The budget hotel chain has signed a £60m franchise agreement with Eclipse to develop 10 hotels across the UK in the next four years. The deal with Eclipse, which already...
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Watermelon Protest Against Auchan
Date: 2008-07-16 00:00:00
Suppliers from Békés and Jászság region covered 21 truck of watermelon in front of warehouse, the half of the parkplaces are laced by the fruit. The growers protest against Auchan's...
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Czech Bochemie to buy EVM
Date: 2008-07-16 00:00:00
Bochemie is the market leader by producer of disinfectants, cleaning products in Czech Republik and Slovakia. With the acqusition company get the well known Hungarian brands as Bip, Ultra and...
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Happy Anheuser-Busch InBev
Date: 2008-07-15 00:00:00
InBev NV agreed to buy Anheuser- Busch Cos. in a $52 billion transaction that will make the Belgian company the top brewer. The $70-a-share purchase announced today will give...
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Penta to acquire Pápai Hús
Date: 2008-07-15 00:00:00
The Slovak firm was the only company to submit a bid for Pápai Hús, whose published asking price is Ft 5 billion. The liquidator Vectigalis has begun negotiations with Slovak...
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Fresh Potato in Chio Chips' Sachets
Date: 2008-07-15 00:00:00
Contrary to last two years shutdown because of missing raw materials, this year the Hungary's only potato chips plant works in all season. In 2006 and 2007 the Chio Hungary's...
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Henkel official partner of Expo Zaragoza
Date: 2008-07-15 00:00:00
Participation in Expo 2008 underlines commitment of the company to protecting water resources. The doors of the world exhibition in Zaragoza, northern Spain, remain open until September 14, 2008. Henkel...
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Hungrana to Process Yearly One Million Tons of Corn
Date: 2008-07-15 00:00:00
Based on the start-up of the new production capacities, Hungrana now operates as Europe's largest producer for corn starch and isoglucose. Total investments in the project amounted to approximately...
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Light enjoy by Milli
Date: 2008-07-15 00:00:00
Friesland Hungária focuses on healt by developing new products, now here comes the light version of the popular Milli Yoghurts, the Milla Mia. Companies bring day to day bring...
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MOL-Marché Restaurant near to Budapest
Date: 2008-07-15 00:00:00
The 3th common restaurant was open at Wienne side of the M1 motorway, at 22th kilometers. At the end of August 2007, Marché International and MOL signed a Memorandum...
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New Tesco Store in Dabas
Date: 2008-07-15 00:00:00
Almost 160 people work at the 3,000 sqm big unit, laying at the high street Nr. 5. closer to Budapest. It is Tesco's 79th store in Hungary, the unit is...
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Henkel: Quality and CSR
Date: 2008-07-14 00:00:00
For development work to be classed as “responsible”, it needs to take into account not only the economic perspective but also ecological and social aspects. From this days Henkel...
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Malaysian fish is not safe
Date: 2008-07-14 00:00:00
EU temporarily bans Malaysian fish imports for failing to meet its standards. A Malaysian fisheries department official said the decision was made after EU veterinary and food officials conducted...
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Starbucks to Enter Bulgarian Market by End of 2008
Date: 2008-07-14 00:00:00
In 2007 the Starbucks Europe, Middle East and Africa division recently extended its joint venture agreement with the Marinopoulos Group to open stores in Bulgaria. According to the Greek newspaper...
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Record Dividend Payment by Zwack Unicum
Date: 2008-07-14 00:00:00
The company pays a 110% dividend against the nominal value of its common and redeemable liquidation preference shares, i.e. the gross amount of the dividend for a share of with...
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Significant Growth by Using Holiday Cheques
Date: 2008-07-14 00:00:00
Almost 3,000 suppliers offer services for tourists paying by Holiday Cheques at the Lake Balaton. Cheques often hit more than their nominal value. Tourist can pay by HC not only...
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Agrana warns about EBIT plunge
Date: 2008-07-11 00:00:00
Reasons for unfavourable developments in the markets for Agrana's products are the persistent volatility in raw materials and the powerful rise in energy prices, all of which squeeze profit margins....
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Marriott International's Worldwide REVPAR rose 5.6%, but profit decreased
Date: 2008-07-11 00:00:00
Outside North America, company-operated comparable REVPAR increased 15.5 percent with double-digit growth in South and Central America, the Middle East and several markets in Asia. Marriott International, Inc. reported income...
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Delhaize eyes east Europe retailers
Date: 2008-07-11 00:00:00
According to Dutch newspaper, Het Financieele Dagblad, the company is looking for aqusiton in the region. Chief executive Pierre-Olivier Beckers told the paper: "We are in no rush and...
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Carrefour's shares fell to lowest
Date: 2008-07-11 00:00:00
Europe's biggest retailer's second-quarter sales growth slowed on weaker spending at its French superstores. Sales rose only 6 percent to 23.7 billion euros. Carrefour has a 10 percent increase...
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Construction goes on at Baglioni Hotel Rácz
Date: 2008-07-10 00:00:00
After six months of delay caused by new construction plans construction of the Baglioni Rácz Hotel has restarted. Some minor changes in the architectural plan have been executed and the...
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Heineken Plans To Restate S&N Accounts
Date: 2008-07-10 00:00:00
Dutch brewer plans to restate accounts for its newly acquired Scottish & Newcastle (S&N). "We are assessing the assets we have bought and we are putting them in light of...
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Hungary consumer confidence improves in Q2
Date: 2008-07-10 00:00:00
Although consumer confidence in Hungary rose in the Q2 of 2008, households Purchasing Propensity Index shows a decreasing tendency and reached its second lowest value since 2002, a survey by...
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