Events

Politicians against shopping on Sunday

„Give Sunday back to the people!” – said the hungarian Christian Democrat Party. The party in the opposition wants that the multinational companies would have a profit less day, it...

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Food Nutrition Labels are Puzzle

In a study of educated adults — 75 percent had at least a high school education — most had trouble understanding everyday food nutrition labels.   Dietitians aren't surprised, since...

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Credit from the Drugstore – German method set an example

The personal bank services are important in Germany, but this time the place of the credit application is not a branch bank, but a coffee house or a drugstore. Most...

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Sale and lease back

European commercial property sales and leasebacks are set to grow to about 30 billion euros a year as firms seek to unlock the value of real estate on their balance...

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Tesco moves into the buoyant UK property market

Sellers will be able to list their homes on a Tesco website for a one-off fee of about £200.Last year, rival supermarket Asda provided touch-screen terminals with details of properties...

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One month – 1300 checks – HUF 91 million penalties

For authorities controlled in June together, the Hungarian Tax and Financial Control Administration, the Consumer Protection Agency, the Hungarian Labor Inspectorate and the Hungarian Customs and Finance Guard. Missing bills,...

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Decrease in Budapest but increase in Szabolcs

The interim biennial purchasing power index compiled by GfK Hungária shows that well-performing counties are stagnating or dropped back slightly. Since 2000 there was a permanent growing in the capital,...

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Year of M&A

According to Reuters global M&A activity is on target for a record year after a first-half surge.  An increase in cross-border corporate mergers helped Europe push past the United States...

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Gaining deeper customer insight is the key to gaining a competitive edge in the retail

Loyalty cards give retailers a better guide to customer preferences study finds."Customer loyalty is based on the extent to which merchants connect with customers' interests, values and needs," said Nigel...

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Hungary's external and internal balances improved in the first four months

Hungary's Central Statistics Office (KSH) has revised that the cumulated trade gap at the end of the first quarter was EUR 442.4 m, down from prelim EUR 463.9 m and...

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Price of household goods decreased, food prices increased

Domestic sales prices rose by 0.4% in May 2007 compared to the previous month, and by 7.8%compared to May 2006.  The export sales prices expressed in HUF were higher by...

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Italy wins in „cheese war”?

It sets up a thrilling finale when the full Court of Justice will rule later this year on whether “Parmesan” can be made only by northern Italians or by any...

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Own brand confectionery grows across European markets

European confectionery private label market share is continuing to grow strongly, according the latest statistics by Neilsen for the Private Label Market Association. Results indicate that the retailer brand market...

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European Food Safety got well

Alert System for Food and Feed (RASFF) which shows that notifications on risks to food safety fell by 5% in 2006 compared to 2005.This is the first time since the...

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Business confidence of big Hungarian companies improve in June

The index gauging the confidence of Hungary's largest corporations stood at 58 points in June, up 4 points from May and at a six-year high, indicating outstanding optimism, Ecostat, the...

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M.E.G.A. group is played into the hands of Ukrainian

The ownership change was made in Februar, after the re-labeling scandals, but the Registry Court has enroled now the two new owner from Ukraine. The M.E.G.A. Group, with five firme,...

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Hard competition on softdrinks market in Ukraine

Orangina Group, the beverage producer has acquired Rosinka, a Ukrainian soft drinks manufacturer, for an undisclosed sum.  Rosinka, which has a workforce of 600, saw its 2006 turnover reach 30...

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Toxic industry raw materials in chinese food

Chinese media are reporting that authorities have shut down 180 food factories, after inspectors found industrial chemicals in products from candy to seafood. Authorities say formaldehyde, illegal dyes and industrial...

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Warehouses near to the downtown

Construction work has begun for a 20,000-square-metre (4.94-acre) business park in Táblás street in Budapest's 9th district. InNove Business Park will comprise warehouses and office space. It is located at...

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Uninterrupted growth at LLP

LLP Group, a leading provider of ERP and CRM solutions in Central and Eastern Europe, has reported 2006 total revenues of 7.7 million EUR, representing 12% growth over 2005.  The...

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AdWords for us too

The business site AdWords is now accessible to Hungarian users as well, announced Google on 12 June. AdWords helps the activities of companies which do not have web sites of...

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Prices of sun lotions going down the chute

Average prices of sun lotions are falling in modern store types, where most sales are concentrated. Longer and warmer summers generate increased demand, inviting private labels to enter the market....

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Coupons, points, VAT

We asked Zsolt Tenczer, senior manager of PricewaterhouseCoopers, about the differences between the way VAT deductible after promotional vouchers is calculated n the EU and in Hungary. Vouchers and coupons...

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Unbroken trust

Reader’s Digest magazine has again prepared a survey about the brands regarded as most reliable by consumers. The survey covered 15 European countries and 24,000 interviews. Quality, price, image and...

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Meetings and conferences

When a not very exciting conference is held next door and another similar one is held in the other end of the country, the choice is quite obvious. However, if...

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„We had been very successful for the first 20 years”

We are in a small family store in the medieval city centre of Spoleto. This is a typical example of the traditional retail businesses which still hold a 30 per...

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Fruits and vegetables in the focus

Regarding development, the production of fruits and vegetables will be treated as one of the priorities in agriculture during the next seven years. EU funding will be available for modernising...

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Hungary in a world of conferences

According to data from the Hungarian Conference Bureau, Hungary ranks 23rd among locations for conferences organised by international organisations, with 117 events. This translates into a market share of 1,31...

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