Company and Personal News
Pepsi Bottling Lowers Forecast, To Cut Over 3,000 Jobs
Date: 2008-11-20 00:00:00
Pepsi Bottling Group, the no.2 global soft-drink distributor, has lowered its full-year forecasts and announced that it will cut 3,150 jobs, mostly in Mexico. The company said the job cuts...
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Spending power decreasing
Date: 2008-11-20 00:00:00
Hungary slides down by three places on GfK European spendig rank list and is now on the 28th place. On the top of the list stands Lichtenstein, the citizens of...
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Tag Heuer butique on Andrassy avenue
Date: 2008-11-19 00:00:00
TAG Heuer as brand is well known from Formula 1 racing, also the TAG Heuer luxus watches were available in Budapest, but from December the company has own butique in...
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H&M sales decreased
Date: 2008-11-19 00:00:00
Hennes & Mauritz, a Swedish apparel retail chain, reported a decline in sales for October, with comparable units down by 2%, in spite of an increase in the number of...
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REWE Group developes logistics basis
Date: 2008-11-19 00:00:00
Rewe Group in Germany is investing more than EUR660 million into the separation of its discount logistics from its full-range logistics. With the re-opening of its modernised distribution centre in...
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Tesco go green by wind
Date: 2008-11-19 00:00:00
In the UK, Tesco is to install 10 metre high wind turbines in supermarket car parks across South Wales as part of its plan to cut its carbon footprint by...
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HUF 5 million fine for Metro Holding
Date: 2008-11-19 00:00:00
The cash&carry specialist offered household and consumer electronics equipments via its leaflet in January 2008, but they were not available in every warehouses or only in very limited number. The...
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Ikea continouses developing in Russia
Date: 2008-11-19 00:00:00
IKEA will accelerate an expansion in Russia, Per Kaufmann, head of Russian business, said, Dagens Industri newspaper reported Monday. IKEA wants to have stores in every city with at least...
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Lidl could open in Romania in 2010
Date: 2008-11-18 00:00:00
According to unconfirmed reports in the Romanian press, Schwarz-owned Lidl could open its first stores in the country in 2010, following completion of the retailer’s logistics centre in Chiajna, near...
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Carrefour France reduces sales area
Date: 2008-11-18 00:00:00
According to reports in French newspaper Le Figaro, Carrefour France is going to reduce the sales area of its largest hypermarket in the country by 6,000 square metres. The hypermarket...
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US$20 million for FoodTech International
Date: 2008-11-18 00:00:00
The buyer is the Nestle and Osem consortium. Last year FoodTech has sales of US$14.6 million. For the first three quarters of 2008 the company reported sales of US$15.4 million....
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Henkel Announces Successful Public Offering of Its Shares in Ecolab
Date: 2008-11-18 00:00:00
Henkel has held an investment in Ecolab since 1989. In 1991, Ecolab and Henkel formed a joint venture in Europe, combining each company's European commercial cleaning and sanitizing operations. Henkel...
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Meat industry needs help from the government
Date: 2008-11-18 00:00:00
According to the Hungarian Meat processor's association the state should help Papai Hus Zrt. to get straight. The president of the association wrote letter about it to the agricultural minister...
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Szentkiralyi mineral water is the most popular
Date: 2008-11-18 00:00:00
According to ACNielsen's research in September 2008 , the brand is the favorite both, in sales of value and volume. Szentkiralyi Asvanyviz Ltd., which is a family business, precedes Kekkuti...
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Huge price increase for eggs
Date: 2008-11-18 00:00:00
According to the Poultry Product Chamber the consumer price for eggs could reach HUF 40 in the Christmas season. Last weeks the suppliers price grow by HUF 2 to HUF...
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New Tesco unit in Gyula
Date: 2008-11-17 00:00:00
The store has 5,000 sqm retail area and has a parkplace for 500 cars. Soon works here a discount gas station with 8 pumps. 180 people work at the Tesco...
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Employees in the retail sector aren't comitted enough to their workplace
Date: 2008-11-17 00:00:00
Only half of the employees is able and want too, to make better achievement to help their workplaces succes – said an research in business daily Vilaggazdasag. The most comitted...
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Crisis on the Hungarian milk market
Date: 2008-11-17 00:00:00
The biggest problem the low suppliers price and the retail price in the shops. Last year the supplier's price was HUF 100, nowadays it is about HUF 75. Friday...
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MERCATOR not to be bought back by Slovenia
Date: 2008-11-17 00:00:00
According to a statement by Slovenia’s prospective economy minister, Matej Lahovnik, the government is unlikely to buy a stake in Mercator, the country's largest food retailer whose shareholders will put...
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Red label for Colourings
Date: 2008-11-17 00:00:00
The additional label information on foods containing E102 , E104, E110, E122, E124 or E129 will be obliged to state: “Consumption may have an adverse effect on activity and attention...
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Industrial gross out put increasing stoped
Date: 2008-11-17 00:00:00
According to the Central Statistic Office in September 2008, the industrial gross output decreased by 0.7% compared to September 2007,the index adjusted by working days declined by 5.3%. The volume...
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EU court rejects Lego trademark
Date: 2008-11-17 00:00:00
The Danish toy maker Lego has lost a court battle to protect its iconic plastic bricks. The EU's Court of First Instance upheld a 2004 EU decision to cancel the...
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Dreher looking for entrepreneurs of the future again
Date: 2008-11-16 08:00:00
This year, the “Young entrepreneur of the future” program is to be launched by Dreher Sörgyárak Zrt. for the third time. The winners of the competition will receive initial capital...
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Teenagers waiting for advice
Date: 2008-11-16 08:00:00
According to a presentation at the Hungarian Consumer 18 conference, Hungarian teenagers are more deeply committed to classic civil values than teenagers living in neighbouring countries. This is why they...
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Market of baking additives and dessert powders expanding
Date: 2008-11-16 08:00:00
Sales of powder products are rising in general. Sales were up by 16 percent in terms of value in October 2007 – September 2008, compared to the preceding period, with...
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Frozen vegetables still „mono”
Date: 2008-11-16 08:00:00
Though sales of frozen vegetables expanded in terms of value last year, as a result of higher prices, sales in terms of quantity dropped somewhat. Sales of both mono and...
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Masculine beverage in Hungary
Date: 2008-11-16 08:00:00
Per capita beer consumption of 82 litres/year has been stable in Hungary for years. The world leader in per capita consumption is the Czech Republic where this figure is 160...
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Inflation lowest in the Netherlands
Date: 2008-11-16 08:00:00
Average consumer price was up by 4,2 percent in the EU-27 countries in August 2008, compared to 2007. Inflation was lowest in the Netherlands, at 3 percent and highest in...
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Independent or multinational agencies?
Date: 2008-11-16 08:00:00
Though decision makers responsible for spending HUF 70-80 billion on advertising annually, expect creativity, flexibility and motivation from agencies, they usually choose multinational partners. Why? A survey has been conducted...
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Univer celebrating by launching new projects
Date: 2008-11-16 08:00:00
Apart from various events, Univer is celebrating the 60th anniversary of its foundation by launching two major projects in 2008. A new production facility is being constructed by Univer Product...
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