Company and Personal News
Nestlé expands in Southeast Asia
Date: 2009-06-17 00:03:00
Nestlé plans an investment around 260 million Swiss franc in Southeast Asia. The world's largest food company plans to expand trade and production activities in the high-potential region. According to...
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The Kubu for health competition ended successfully
Date: 2009-06-17 00:01:00
The competition for primary school classes organized by the Kubu carrots and fruit nectars manufacturer Maspex Olympos Kft had been successfully ended. The aim of the competition held between 13...
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158 thousand businesses in Hungary at the end of 2008
Date: 2009-06-16 00:37:12
New stores were opened in all regions of Hungary last year, with a total of 137 thousand sqare meter basic area. The size of the national basic area has been...
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In case of cartel suspect, they firms have to demonstrate
Date: 2009-06-16 00:28:55
There is no international example of the modification of the Hungarian Competition Act. From now the sued companies have to prove, that their illegal market behavior put less impact on...
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Borsodi Brewery for sale
Date: 2009-06-16 00:25:53
The Belgian-Brazilian Inbev is selling 11 beer breweries in 7 Central European countries including the Borsodi brewery. The companies are producing 15 million hectoliters of beer per year. Inbev bought...
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VAT- war between the processors and retailers
Date: 2009-06-16 00:22:50
The National Food Processors Association reported to the Economic Competition Authority that the processors of the chain of stores want to force the supplier firms to a 4-6 percent reduction...
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The Mangalica holders are in advantage – Swinefat is increasing
Date: 2009-06-16 00:08:00
Long time ago fat was the food of the poor. At the moment it is far more expensive than cooking oil. According to market analysts, the oil price rise is...
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Tesco expands in China, in Central Europe, discount actions succeeds
Date: 2009-06-16 00:05:00
Tesco bulids its first Chinese Shopping Centre as part of its expansion in China in Fushun city which has one million inhabitants. The discount actions in Central Europe succeeded. The...
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Czech retail sales decreasing further
Date: 2009-06-16 00:01:00
For April, the retail sales were decreasing for the sixth month in the Czech Republic. The economic recession and the rising unemployment rate reduced purchasing. The annual retail sales decreased...
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Thirty-two hyper – supermarkets and discounts, and 18 drugstores opened this year
Date: 2009-06-15 00:38:13
The main criterion in the choosing of shops is to find a store where the customers can find everything they need. By the end of 2007, 1016 hypermarkets, supermarkets and...
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Sixty-five percent of the domestic firms has debt that has expired
Date: 2009-06-15 00:31:48
The Marketx Group on behalf of Coface Hungary, examined the risk management practices of domestic firm. An increasing number of companies are affected with debts and their own debts are...
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Tesco offer: “Are you thirst to win?”
Date: 2009-06-15 00:17:15
Tesco Global Stores Ltd. will start a summer campaign between 15 June and 23 August. The aim of “Are you thirst to win?” competition is to redempt the most PET...
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Recreation with the shopping list – Interspar's new action
Date: 2009-06-15 00:12:12
The SPAR Hungary Ltd. started another large-scale action to surprise its customers. Recreation with the shopping list “promotion offers discounted travel options for those who wish to relax inland. Between...
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International meat seminar in Germany
Date: 2009-06-15 00:09:01
The German-based CSB System AG, organises an international seminar linked with a plant visit for the leaders of Meat Companies on 17 and 18 June in Geilenkirchen, Germany. The topics...
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New leader at the Nielsen's Trade Relations Division
Date: 2009-06-15 00:05:29
Since 16 April 2009, Hortobágyi Ágnes (30 years) will be the new leader of Trade Relations Division at Nielsen. Hortobágyi Ágnes joined the Nielsen team five years ago. Before her...
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New package of Royal Vodka gained first prize
Date: 2009-06-15 00:03:00
The new design of Royal Vodka, won fisrt prize on the first Hungarian packaging design competition called 'Pakk'. The new packaging of the specialty drink distributed by Bols Hungary was...
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WTO: world trade is in a worrying situation
Date: 2009-06-15 00:01:00
According to Pascal Lamy, the President of World Trade Organization (WTO), the value of global trade decreased by 9 percent and there are no signs of improvement. "I do not...
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Public sentiment is stable in May
Date: 2009-06-12 00:39:00
According to Nielsen market research company's monthly survey, the consumer confidence index in May stabilized on 40 points, on the same value as it was in April and 3 points...
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Thirty-seven percent of women like to spend their time with purchasing
Date: 2009-06-12 00:29:00
GfK Hungária made a survey about The “typical” Hungarian woman, which shows, the Hungarian women's values, what are they doing in their spare time and what are their shopping habits....
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Increasing sales on the cosmetics and household chemical goods market
Date: 2009-06-12 00:20:00
The retail sales of household chemical goods and cosmetics increased by 3 percent between last May and the April of this year, compared to the previous similar period, with a...
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Increasing inflation in May and on an annual basis
Date: 2009-06-12 00:17:00
In May, the monthly increase in consumer prices was 1.5 percent. Compared to the May of 2008 it was 3.8 percent. In the first five month of this year prices...
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The best job in Central-Eastern Europe
Date: 2009-06-12 00:10:00
The Best Job Survey results of Central-Eastern Europe 2008-2009, was published 9 June by The Wall Street Journal Europe”. 160 000 employees and 4 000 top managers of 700 companies...
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Home-made soft drink
Date: 2009-06-12 00:08:00
The world's leading manufacturer in home made soda and soda-pop of machinery production the Israeli-based SodaStream appeared in Hungary. The company's products are used in 8 million households in 30...
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Gyöngyösi Meat Ltd. is in trouble
Date: 2009-06-12 00:06:00
The Executive Director of Gyöngyösi Meat Ltd. has not confirmed, but not refuted, that the dismissal of 40 employees is planned, after the plant stopped production. According to the announcement...
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The emmissioning of cafeteria vouchers is a successful business
Date: 2009-06-12 00:01:00
The turnover of the companies emmissioning cafeteria vouchers was billions of forints in 2007. Pre-tax profits were around 50 percent of net sales. The issuers paid hundreds of millions for...
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Law Proposal instead of food code
Date: 2009-06-11 00:33:00
After Economic Competition Authority alleged food code's several details, parliamentary parties will submit a common law proposal on regulating the ethical behavior of food retailers. According to the Economic Competition...
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Concerned dialogue initiated by Nestlé
Date: 2009-06-11 00:30:00
Nestlé Hungária Ltd. initiated a dialogue based on international methodology between the concerned participants of the food industry. The first concerned dialogue was held 5 June, in “Food safety and...
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The consumer expectations improved again in June
Date: 2009-06-11 00:28:00
The seasonally adjusted value of the GKI consumer confidence index increased by 4 points to -64.3 points, after the turning point in May. According to the survey supported by the...
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Drought and hail affects agriculture
Date: 2009-06-11 00:22:00
Because of the weather, the agriculture is in a difficult situation. Food will become more expensive due to the lower production and the ice damage. Price increase might be up...
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The insolvency of Arcandor could be Germany's largest bankruptcy
Date: 2009-06-11 00:04:00
Arcandor the owner of Karstadt which is one of Germany's oldest chain of stores asked for bankruptcy protection. Fourty-three thousand jobs are at risk. Prior to this, the German Government...
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