Company and Personal News
Improved payment morale
Date: 2009-11-06 00:02:00
According to the most recent report of Dun & Bradstreet ; The economic crisis brought new trends in the payment patterns: in low rates, but the Hungarian payment morale has...
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Cutted off beef heads on the demonstration of dairy producers
Date: 2009-11-06 00:01:25
A dozen cutted off beef heads were taken in front of the Ministry of Agriculture and Rural Development on the Thursday dairy demonstration, where dairy farmers protested against the lowest...
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SPAR free from product family: solution for the gluten-and lactose sensitives
Date: 2009-11-06 00:01:00
Those who suffer from gluten sensitiveness and lactose intolerance Spar’s new product family the Spar free from, offers a solution. The sensitivity to gluten and milk sugar inflict high social...
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Otto acquired the Russian business and brand rights of Quelle
Date: 2009-11-06 00:00:54
The German Otto mail order company took over Quelle’s bankrupted Russian business. The transaction significantly strengthens and provides Otto’s market leading position in Russia. Otto also assured the usage of...
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Better than expected third quarter for Unilever
Date: 2009-11-06 00:00:28
Unilever’s third-quarter net profit decreased by 36 percent to 1.05 billion euros and 36 cents per share on an annual basis, – analysts expected only a 997 million profit –...
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The Romanian turnover of Metro Cash & Carry decreased
Date: 2009-11-06 00:00:12
The turnover of Romania's largest commercial chain, the Metro Cash & Carry dropped significantly in the first nine months of the year. The company realised 1 billion euros less revenue...
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Increased in value, in volume food store sales are stable
Date: 2009-11-05 00:07:01
The value of food retail sales rose by 3 percent, between December 2008 and September 2009, compared to the previous similar period, from the 90 product groups measured by Nielsen...
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The profitability of the beverage industry is falling
Date: 2009-11-05 00:06:12
The VAT and excise duty increase was a severe shock to the domestic distillation industries: The main participants of the market only expects the keeping the turnover on level this...
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The brand value of consumer goods has increased
Date: 2009-11-05 00:04:12
Europe's most valuable brand is the world's largest mobile operator company, the Finnish Nokia, the second is the French luxury manufacturer the LVMH group, while the third is the Belgian...
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The Four Paws attacks again
Date: 2009-11-05 00:02:00
Animal and consumer protectors assessing the Austrian catering operators, because they use “lower-quality Hungarian goose-flesh”, instead of domestic products. Twenty-four percent of the Goose-flesh consumed in Austria is domestic product,...
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Calories tax in favor of the public interest
Date: 2009-11-05 00:01:00
Unhealthy nutrition and obesity are becoming increasingly serious problem in the developed part of the world. It is no coincidence, that in the United States, sugary soft drinks, in Denmark...
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New CEO at Kékkúti Mineral Water
Date: 2009-11-05 00:00:35
From the 1st September 2009, Henrik Gotterbarm is the new CEO of the market leader mineral water bottler, Kékkúti Ásványvíz Zrt. The German professional has been working at Kékkúti Ásványvíz...
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Marks and Spencer starts selling branded foods
Date: 2009-11-05 00:00:12
According to the communication of the clothing chain; Marks and Spencer starts distributing food and household goods in its UK stores in the future, such as Kelloggs cereal, flakes Coca...
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Hungarian companies believe in late upturn
Date: 2009-11-04 00:05:08
According to the most recent survey of Coface Hungary Credit Insurance Company; the earliest date of the economic recovery can be in the second half of 2010. The leaders of...
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Positive changes in the working capital loan program
Date: 2009-11-04 00:04:11
Commercial enterprises may also use the sources of the New Hungary working capital loan program, which is supported by the Hungarian Development Bank Ltd. The program was originally announced for...
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Csányi Sándor bought Herz
Date: 2009-11-04 00:03:21
The Bonafarm Group which is the food industry portfolio of Csányi Sándor OTP Bank leader, bought the equipments of the Herz Salami Factory, after the Bonafarm Group made the best...
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Finally, the producer pays instead of the ”black market”
Date: 2009-11-04 00:01:55
According to Hungarian Chamber of Agriculture; On the stagnating cereal market the ”black traders” are gaining profit. Usually tricking with the VAT, in the name of not existing foreign companies....
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The cheese factory in Kunszentmárton produces again
Date: 2009-11-04 00:01:23
The Hungarotejfeldolgozó Co. and Csabatáj Zrt. would like to appear in the Hungarian and foreign markets with a special product – announced the new owner of the plant at a...
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Nearly ten thousand dismissal at Johnson & Johnson
Date: 2009-11-04 00:00:15
Nearly ten thousand people could be affected by Johnson & Johnson health-fresh cosmetic company's announcement, that due to cost-cutting programs, 7 percent redundancies are planned. The company aims to improve...
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The public is confident, the optimism of the companies is broken
Date: 2009-11-03 00:01:12
Ecostat’s aggregate business cycle index decreased by 0.5 percentage points to 77.6 percent in October, compared to the previous month. While the public confidence indicator rose strongly, business confidence indicator...
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Indignation about the 1.6 billion support of Datész
Date: 2009-11-03 00:01:00
A number of agricultural and food companies became indignant, that Datész Zrt. achieved state sources. According to the farmers; an EU investigation should be needed, but they will not necessarily...
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Price comparison market is getting more focused
Date: 2009-11-03 00:00:59
No more than three price comparison sites could remain on the Hungarian market in long terms. This Internet service can accelerate the competition in the market. At the beginning of...
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Auchan: the biggest warehouse lease of the year
Date: 2009-11-03 00:00:51
Auchan Magyarország Kft, concluded the largest warehouse transaction of the year, at the end of September. The expansion of the company's logistics area has been occured in the recently completed...
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Gallicoop built their own wastewater treatment
Date: 2009-11-03 00:00:40
The Gallicoop Turkey Processing Zrt. built its own wastewater treatment in Szarvas, due to environmental and economic considerations. The water does not leave the site area and reduces the city’s...
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New Member of the Board at Metro Commercial Ltd.
Date: 2009-11-03 00:00:31
According to Metro’s press release; Dávid Gábor will join to METRO Commercial Ltd, as customer management director, and also a member of the Executive Board from the 1st of November...
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Twilight of the Irish pubs
Date: 2009-11-03 00:00:15
According to a study, 2000 rural pubs could be closed in the next 10-15 years in Ireland, because of the law changes and due to the weakening economy. According to...
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U.S. retail sector may be in trouble
Date: 2009-11-03 00:00:00
U.S. CIT Group could not avoid bankruptcy protection, even after several months of fight. The 101-year old company offers credit mostly to small and medium-sized retail companies. The company stressed...
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Spirits: brandy, pálinka brandy and bitter are the most popular
Date: 2009-11-02 00:03:58
The retail sales of distilled spirits were 73 billion HUF between October 2008 and November 2009, just like as in the previous comparable period. However, a 5 percent volume reduction...
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The foreign trade balance improved further – besides declining exports and imports
Date: 2009-11-02 00:02:11
In August, the foreign trade exports decreased by 10, imports by 15 percent, compared to a year earlier. In the January-August period, exports decreased by 17, imports by 23 percent...
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Increase in the support for product sellers
Date: 2009-11-02 00:01:55
The government will increase the support of its working capital loan program with three billion HUF in order to support the product sellers in the fruit and vegetable sector. Government...
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