Company and Personal News
McDonald's withdraw from Iceland
Date: 2009-10-28 00:00:12
In a few days Iceland will stay without McDonald's: last two McDonald's fast food restaurants of the island will close on 1st November due to the high operating costs. The...
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Stores opening
Date: 2009-10-27 08:00:00
Tesco Express, Budapest (Rákosszentmihály) Open: 31 August Chain: Tesco Store space: 382 m2 SKU: 2500–3000 Tesco szupermarket, Szolnok Open: 4 September Chain: Tesco Express Store space: 1000 m2 SKU: 3–4000...
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PICK targets Japan
Date: 2009-10-27 08:00:00
Hungarian Weeks were organised in Japan for the 7th time. One of its main sponsors has been PICK SZEGED Zrt. for two years now. PICK opened its representation in Tokyo...
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Loan market recovering slowly
Date: 2009-10-27 08:00:00
After the development of previous years, the loan market dramatically declined. Global crisis narrowed down resources, entailing a lending activity contracted to the minimum; at the same time interest rates...
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Wages and salaries are up by two percent
Date: 2009-10-27 08:00:00
At enterprises employing a minimum of 5 people and at budgetary institutions, gross average wages were 1.3 percent higher and net average wages improved by 1.4 percent in the first...
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Tetra Pak Danube stands firm
Date: 2009-10-27 08:00:00
Despite the economic recession, Tetra Pak Danube operates steadily in Budaörs. In the first six months, the company realised a sales turnover of EUR 75.7 million. Company CEO Svend Weidemann...
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Where producer brands are strong
Date: 2009-10-27 08:00:00
In the 60 household chemicals and cosmetics categories measured by Nielsen, private labels represented 17 percent of retail turnover, in terms of value in the first six months of 2008....
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Erste Bank
Date: 2009-10-27 08:00:00
Market changes in the past few years influenced customer demand. Firms often postpone their investments and revise their spendings. This trend entails the optimisation of financial services used and a...
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Decrease, but improvement as well
Date: 2009-10-27 08:00:00
In January-July 2009, the volume of foreign trade was 18 percent lower in export and 25 percent lower in import than one year earlier. KSH’s report also states that our...
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’Wake your body up’ awarded
Date: 2009-10-27 08:00:00
Coca-Cola Hungary won an international innovation prize for its Test-ébresztő programme in the health preserving initiative category (there were 350 entries from 40 countries). The programme has been going on...
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Ownership concentration at Reál
Date: 2009-10-27 08:00:00
Ownership concentration deepens at Reál Hungária Élelmiszer Kft.: Alaszka Kft. from Debrecen bought a 100 percent share in Élésker Kft. of Gyula. Élésker has 21 stores in 7 towns of...
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The factoring market
Date: 2009-10-27 08:00:00
According to data by the Hungarian Factoring Association, factoring services only made up for 2.5 percent of the GDP in 2008, while the same ratio in the EU is almost...
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Fewer guests spent fewer nights
Date: 2009-10-27 08:00:00
On the commercial accommodation services market, the decline that started early 2009 continues, the trend does not seem to turn yet. In January-August 2009, 2,173 thousand foreign guests spent 6,350...
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Gyermelyi wins the Coop Rally
Date: 2009-10-27 08:00:00
The Gyermelyi team won this year’s ”Coop Rally for quality food products from Hungary”, ahead of Sara Lee Hungary and the Coop Star/Tisza-Coop team. This year a record number of...
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New advertising code of ethics entered into force
Date: 2009-10-27 08:00:00
The new Hungarian Advertising Code of Ethics was signed by 26 professional organisations and entered into force on 30 September 2009. It is based on the Code of Ethics of...
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Erste Faktor improves its market position
Date: 2009-10-27 08:00:00
Although in the first quarter the factoring market contracted, Erste Faktor Zrt. managed to expand significantly (by 40 percent in the second quarter; in the same period the market contracted...
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The brake still holds back the industry
Date: 2009-10-27 08:00:00
In July 2009, industrial production fell by 19.4 percent, compared to the same period a year earlier. KSH’s report states that the volume of production was 22.1 percent lower in...
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Unilever on top of Dow Jones sustainability index
Date: 2009-10-27 08:00:00
In the food category, Unilever has the highest sustainability index with a 81 percent performance. Twenty-two aspects were considered and in environmental protection Unilever achieved 100 percent. The company has...
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New “green” promotion from Tesco
Date: 2009-10-27 08:00:00
Tesco-Global Áruházak Zrt. launched its “Is your school green?” waste-recollecting competition, which lasts from 11 September 2009 until 11 January 2010. Tesco stamps into a stamp book (which can be...
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CIB Faktor provides additional services
Date: 2009-10-27 08:00:00
In the first six months of 2009, factoring turnover at CIB Faktor increased by 16 percent, compared to the same period last year, while the Hungarian factoring market contracted by...
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Purchasing power highest in Csopak
Date: 2009-10-27 08:00:00
Csopak dwellers may spend the most, while purchasing power is lowest in Tiszabő (Jász-Nagykun-Szolnok county), according to a study by GfK Hungária. In the county ranking (including Budapest) Budapest is...
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PICK Liver patés won the Hungarian Product Grand Prix
Date: 2009-10-27 08:00:00
On 2 September, the annual Hungarian Product Grand Prix was held in Parliament’s Felsőházi hall, where László Kovács, president/CEO of PICK Szeged Zrt. received this year’s grand prize for PICK’s...
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Mosoly Alapítvány is supported foundation of the year in 2009
Date: 2009-10-27 08:00:00
The foundation’s winning the title implies a HUF 40 million support for the Mosolyvarázs programme from Tesco-Global Áruházak Zrt. and Procter&Gamble, to help chronically ill, disabled and poor children....
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Next step: the concentration of suppliers?
Date: 2009-10-27 08:00:00
According to Dr Judit Firniksz, a competition law expert with law firm Réti, Antall and Madl Landwell, a concentration process took place in Hungarian food retail in the past 15...
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More people use Internet banking
Date: 2009-10-27 08:00:00
The number of people using on-line banking services increased by 1.8 percentage point in the first half of 2009 – according to a new study by GfK Hungária. This means...
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Törley Gála wins gold medal at Mundus Vini
Date: 2009-10-27 08:00:00
Törley’s Gála sec champagne won the only gold medal for Hungary at the MUNDUSvini Great International Wine Awards in Germany. In the wine competition there were 5,726 entries from 44...
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Excerpt from the president’s justification:
Date: 2009-10-27 08:00:00
…” It is the Parliament’s right to decide whether legislative means are needed to repel unfair market conducts. (…) I doubt whether the law is completely in line with the...
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In Poland thousands of small shops disappear, but their market share is stable
Date: 2009-10-27 08:00:00
According to Nielsen’s ShopperTrends survey, the market share of small traditional shops has been stable at 55 percent for three years. Among modern retail channels supermarket is the most popular....
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They offer a key to the Chinese market
Date: 2009-10-27 08:00:00
Hungarian SMEs are given a great chance by the European Commission and the Chinese government: they decided to continue the Managers Exchange and Training Programme. Application deadline for the 5th...
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