Company and Personal News
Germans don't do shopping
Date: 2007-10-01 00:00:00
In Surprise Fall German retail sales fell unexpectedly in August, affected by the impact of higher oil prices and the credit-market turmoil. Sales, adjusted for inflation and seasonal swings, fell...
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Foreign companies barred from importing meat into Russia
Date: 2007-10-01 00:00:00
Over 80 foreign companies were stripped of meat import licences into Russia this year because of deemed poor quality. "The right to export meat to Russia was stripped from...
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Burger King to Debut Branded Snacks
Date: 2007-10-01 00:00:00
A licensing agreement with The Inventure Group will put the snacks in retail outlets this fall. Beginning this month Burger King fans can have it their way at vending...
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Judgment of first instance at Paprika-action
Date: 2007-10-01 00:00:00
The health of customers was not endangered, but they were mystifed by Szegedi Paprika Rt. . The company have to pay HUF 10 million fine. The first rate defendant, the...
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New retail manager at Acer
Date: 2007-10-01 00:00:00
Laszlo Berente works first of all with the bigger retail chains and other top-partners. The specialist, economist and HR manager speaks english and until the last time worked at CHS...
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Warm food voucher is popular
Date: 2007-09-27 00:00:00
According to GKI research company, in 2003 only 300,000, this year 570,000 employees get warm food vouchers. 58% of the competition sector's employees get cold food vouchers and 18% warm...
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The best bartender is looking by Stella Artois
Date: 2007-09-27 00:00:00
The three week competition started 24 September in six regions of Hungary, the best in show will be on 9. October in Budapest. The first 3 from all regions can...
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Medicines at Drogerie Markt
Date: 2007-09-27 00:00:00
Until the end of 2007 the company hopes to open drug corners at the all chain, in 2003 stores. It costs HUF 500 million. This time medicament can be sold...
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Auchan to invest in Portugal
Date: 2007-09-27 00:00:00
The retail group will invest about 600 mln eur in Portugal over the next three years as part of an expansion plan. The group plans to expand its Pao de...
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Swiss cartel authorities back Aldi and Lidl expansion plans
Date: 2007-09-27 00:00:00
Swiss regulators back expansion plans of German discount retailers Aldi and Lidl, Handelsblatt reported, citing a statement made by the Swiss cartel office. The report said the cartel office approved...
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METRO Group dashes in Turkey
Date: 2007-09-27 00:00:00
Media Markt, brand of the METRO GROUP opens its first Turkish store in Istanbul. Following Metro Cash & Carry and Real, Media Markt is now the third sales brand of...
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New Visa card with EMV system
Date: 2007-09-27 00:00:00
V PAY is a chip and PIN only product, with no legacy requirement to support manual imprinting, cardholder signature and magnetic stripe reading. 17 million cards will be change. The...
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Aldi defers in Poland
Date: 2007-09-25 00:00:00
German discount retailer Aldi has postponed plans to enter the Polish market until early next year and will open fewer outlets there than planned. Aldi will open about 10 stores...
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Ferrero loses monopoly over Kinder sweets
Date: 2007-09-25 00:00:00
Ferrero has been left with a bitter taste after being banned from keeping its monopoly over the word kinder, the German word for children, on its popular Kinder Surprise eggs....
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Summer raid – HUF 500 million fine
Date: 2007-09-25 00:00:00
In the course of the 10 weeks control the inspectors spied at the Lake-Balaton, on the biggest events – as Sziget Festival and on the famous holiday places. Inspectors found...
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Milk producers make the pace
Date: 2007-09-25 00:00:00
Subsequent upon the price war there are empty shelves at the supermarkets milk sections. The processing industry and the exporters run against each other and jack up the price. There...
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Start at Airport City
Date: 2007-09-25 00:00:00
The first phase of the project is scheduled for completion in Q1 2008 including 8,300 sqm of warehouse space for lease and nearly 2,000 sqm of offices. Developer Ablon has...
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New owner and developing at the Bertrans logistic park in Kecskemet
Date: 2007-09-25 00:00:00
Australia's Goodman Group buys logistics park in Hungary. Goodman, an integrated property group listed on the Australian Stock Exchange, has acquired the Kecskemét-based logistics park of Hungarian logistics service provider...
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Heineken introduces new light lager in Russia
Date: 2007-09-25 00:00:00
The new brand will be positioned in the premium class beer segment and will be supported by a wide promotion campaign across various mass media. Heineken has introduced a new...
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Ribena to go green
Date: 2007-09-25 00:00:00
The company said that it will become the first in UK's soft drinks industry to increase the recycled content of its ready-to-drink bottles from 40% to 100%. All Ribena bottles,...
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Friesland moving production capacity
Date: 2007-09-24 08:00:00
Friesland Hungária zRt. will relocate its production capacity from Nagybánhegyes to Debrecen at the end of September, as the last step of its consolidation process announced in November 2006....
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We have to get used to prices staying high
Date: 2007-09-24 08:00:00
According to an analysis prepared by Zoltán Fórián, head of division in Agrár Európa Kft. for Éfosz, substantial price rises will dominate the world market of food in 2007 and...
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Intimate hygiene tissue: expansion above average
Date: 2007-09-24 08:00:00
The market of intimate hygiene tissues is small but growing dynamically. According to the Retail Index of Nielsen, retail sales show an increase of 16 per cent in the July...
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European flood of milk, falling lamb prices
Date: 2007-09-24 08:00:00
Agricultural Business Research Institute (AKI) continuously monitors trends in the world market of meat and poultry. Data from the Market and Price Information system of KSH and AKI can be...
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Master Good The Tasty Health
Date: 2007-09-24 08:00:00
The Master Goods group operates in North-Eastern Hungary, breeding chicken, processing poultry and growing feed in an integrated system. The group is owned 100 % by the Bárány family which...
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Private label bio product for the British
Date: 2007-09-24 08:00:00
According to a survey by TNS, seven out of the ten most popular bio products in the UK are private labels. In chains like Tesco and Sainsbury over 1,000 bio...
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Price rises in Hungary and Europe
Date: 2007-09-24 08:00:00
According to an Eurostat survey, average food prices in Hungary were 29 per cent below the EU 27 average in 2006. We took 27-29th place among 37 European countries regarding...
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Period of introduction for wet wipe tissues
Date: 2007-09-24 08:00:00
As this product category has only recently been introduced, the objective is dual: educating consumers and widening the range of applications. The market of wet wipe tissues is growing dynamically...
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Unchanged prospects for consumers, less optimism for business
Date: 2007-09-24 08:00:00
The value of the GKI economic prospects index has only shown moderate fluctuation since August last year, falling somewhat in July. According to a survey conducted by GKI Gazdaságkutató Zrt.,...
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Domestic chains enjoying an advantage on the Chinese battlefield (part 2.)
Date: 2007-09-24 08:00:00
Why are Chinese retail chains successful in their battle against international chains? This was the question we discussed with Glen Murphy, director of the Chinese Nielsen subsidiary. The average income...
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