Company and Personal News
Demonstration of dairy farmers to wait
Date: 2009-03-06 11:04:41
Dairy entrepreneurs ask the government to start the former published reorganisation program in value of HUF 2.5 billion. Dairy farmers talk about a new demonstration because of deep buy-up price....
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Six months – more than 1,000 new MasterCard places of recipient
Date: 2009-03-06 10:26:46
Thanks to MasterCards new sales program, from July 2008 the number of Mastercard recipient places grow by 1,145. There are 9 million debit or credit card on the Hungarian market...
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Packaged Starbucks coffee in Europe
Date: 2009-03-06 10:03:47
Starbucks and Kraft Foods have announced they will launch packaged Starbucks coffee in select supermarkets in France and Germany. The aim is to expand super-premium Starbucks coffee in Europe. Beginning...
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Rewe reports 11% sales increase
Date: 2009-03-06 09:37:58
Group posted a full-year sales to around EUR50 billion in 2008, including sales of independent retailers. Sales outside its home market, Germany, grew by 15.4%. After a "really good year"...
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Consumers change habits as recession tightens its grip
Date: 2009-03-06 09:35:39
The recession has forced 87% of consumers to change their shopping habits, according to a study by research consultancy Shoppercentric. Out of a thousand people surveyed by market research agency...
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Working-capital loan for Hungarian food industry
Date: 2009-03-05 12:44:23
The Hungarian Development Bank would injection HUF 30 billion into food industry sector. The bank would undertake 100% guarantee of the trade banks' resource placements. To this step the law...
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What is the real Hungarian product?
Date: 2009-03-05 12:40:40
The preparatory committee of Food codex can't agree about the defination of „Hungarian product” in the domestic retail. The problem is that the producers work also from importad raw materials,...
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Nestle sees acquisition opportunity in Poland
Date: 2009-03-05 12:26:46
The world’s biggest food maker, is seeking acquisition targets in Poland to boost production in the European Union’s largest ex-communist economy, the head of its Polish operations said. The Switzerland-based...
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SIÓ helps for children from needy families
Date: 2009-03-05 12:12:34
Action under the name „Thanks for SiÓ!” the firm call the schools fo a tender. The soft drink company helps for 1,000 children from needy families to get their new...
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Levi Strauss stops producing in Hungary
Date: 2009-03-05 09:55:30
With closure of its Kiskunhalas plant 549 employees will lose their jobs, along with hired labour. The company experiences a marked drop in demand for its clothing and other consumer...
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Synergon Subsidiary Has Become „The Most Dynamic Start-Up Company”
Date: 2009-03-05 08:10:26
Synergon subsidiary, Synergon Retail Systems Kft. received the award given to Hungarian start-up companies. Steinbinder Romulus, the Managing Director of Synergon Retail Systems Kft. received the certificate of merit “The...
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Hungarian Chamber of Agriculture urging introduction of SPS in 2009
Date: 2009-03-05 08:00:00
A substantial part of animal husbandry might disappear by 2012, which could lead to a major crisis. This danger comes from the delay in the introduction of the SPS law,...
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Less imported ham – can domestic industry benefit from this?
Date: 2009-03-05 08:00:00
„I have some good news and some bad” – one could say. The good news is that if the HUF will stay as weak as it is now, then domestic...
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Calories in system of classification
Date: 2009-03-05 08:00:00
According to the findings of several surveys, Hungarian consumers are becoming increasingly health conscious, as illustrated by the growing popularity of nutritional labelling systems and programs. Initiatives aimed at orienting...
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New orders for processing sector down by a quarter
Date: 2009-03-05 08:00:00
Industrial production was down by 12 percent in November 2008, compared to November 2007. Production in the first 11 months of 2008 was up by 0.4 percent compared to the...
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Reaching for the bottle
Date: 2009-03-05 08:00:00
It was announced on 16 February that the tax on alcohol is to be increased by 3-7 percent. What is wrong with this? Manufacturers are worried that this will not...
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First Spar stores converted from Plus opened
Date: 2009-03-05 08:00:00
The first Spar store converted from Plus opened in February in Hatvan, Sopron and Sárbogárd. As a result of the biggest acquisition ever completed by SPAR Magyarország Kft., the complete...
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Market share of light products growing
Date: 2009-03-05 08:00:00
According to the Nielsen Retail Index, sales of carbonated soft drinks were down by 4 percent in terms of quantity last year, with total sales stagnating around HUF 56 billion....
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Three-quarters of domestic production is exported
Date: 2009-03-05 08:00:00
While total food consumption is declining, the consumption of bio food is growing. Bio production is based on transparent and clear regulations, which guarantee that it is compliant with specific...
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Modest year for hotels
Date: 2009-03-05 08:00:00
Though the number of guests buying commercial accommodation services was up by 1-2 percent in 2008, they spent fewer nights there, compared to 2007. The revenues generated by accommodation services...
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Code kept warm
Date: 2009-03-05 08:00:00
Food manufacturers and retailers seem to have finally reached an agreement about a Code of Ethics. Their objective has been to set a universal standard for market players to be...
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Food events in the Balkans
Date: 2009-03-05 08:00:00
Mac-Line Hungary Kft. is a company specialising in trade events organised in the Balkans. Last year, they helped 445 Hungarian companies in attending 36 events in ten countries. – In...
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Zero producing a plus for the light segment
Date: 2009-03-05 08:00:00
Nielsen data only shows minor changes in sales of carbonated soft drinks from one year to another. It is hard to surprise consumers, but as the success achieved by Coca-Cola...
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Bio products everywhere from specialised stores to multinationals
Date: 2009-03-05 08:00:00
Biopont Kft established 11 years ago is the market leader in the Hungarian market of bio food, with more than 300 products in 20 product lines. Their brands are: Biopont,...
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Discounts challenging big hyper markets
Date: 2009-03-05 08:00:00
The discount channel has been expanding successfully in France as well, while the market share of bigger than 6,500 square meter hyper markets has been shrinking. Five out of the...
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On line store for Hungarian products in March
Date: 2009-03-05 08:00:00
The intention of Prémium Hungaricum Egyesület is to help Hungarian SME-s from the food sector in entering the market. This is why they are planning to start up an online...
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Switch it off!
Date: 2009-03-05 08:00:00
Borsodi Sörgyár Zrt. has joined the joint “Switch it off” campaign of the EU and the Ministry of Foreign Affairs which is intended to remind people of the importance of...
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Eight out of ten households buying carbonated soft drinks
Date: 2009-03-05 08:00:00
The market share of carbonated soft drinks remained stable in the market of cold beverages last year. According to data from GfK Hungária ConsumerScan, sales of light products were down...
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Premium quality organic products by Neuner’s – Tea cures have become an inseparable part of wellness
Date: 2009-03-05 08:00:00
Organically produced premium quality teas exist, but what makes a product special? Neuner’s products not only give us the answer but also show us a market gap unnoticed so far...
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Worse Coface ratings for China and Russia
Date: 2009-03-05 08:00:00
For the first time in its history, Coface is advising investors to be cautious all over the world. China and Russia have also been placed on the negative monitoring list....
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