News and articles
OTP sold its Podravka shares
Date: 2011-07-29 12:00:54
The OTP Bank called the Croatian food company Podravka to pay 11.58 million euros, after having sold its Podravka shares. A total of 576,880 shares were sold last week for...
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Danone's revenue increased
Date: 2011-07-29 12:00:04
The global leader of fresh dairy products, the Paris-based Danone Group's net revenues increased by 16.3 percent to 9.73 billion euros in the first half of this year, surpassing the...
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Delhaize purchased the Serbian Delta Maxi
Date: 2011-07-29 11:58:51
The Belgium-based Delhaize retail group finished the 100 percent acquisition of the Serbian Delta Maxi retail chain. With the 932.5 million euros transaction, Delhaize can further strengthen its position in...
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New EU rules for wine-makers
Date: 2011-07-29 11:23:03
While the EU may finally deliver its overdue decision addressing use of “traditional terms” of winemaking, U.S. corporations must remain vigilant for violations of product labeling: Severe penalties can be...
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New leader at Hungarian Beiersdorf
Date: 2011-07-29 11:19:59
Beiersdorf's Hungarian subsidiary has a new CEO from July 2011, instead of Gerard J. Hierath, the new CEO is Thomas Lichblau. Besides, marketing director Ferenc Bartha is the new marketing...
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The wine and soda bus departs
Date: 2011-07-29 10:30:25
If summer, than wine and soda and wine and soda bus. This year's wine and soda campaign of the Agricultural Marketing Centre's (AMC) starts again. This year's campaign beside the...
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Presidential chefs in Russia at Club des Chefs des Chefs
Date: 2011-07-29 09:20:06
President Obama is a very “adventurous” eater who often interacts with his White House chefs, Executive Chef Cristeta Comerford said from Moscow on Saturday. Comerford is attending the annual weeklong...
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The Government’s work plan for the second half of this year
Date: 2011-07-28 17:05:15
Government decision-making does not stop during the summer: ‘The pace is maintained’. The Cabinet's agenda for the rest of the year comprises 164 laws, decisions and decrees, including decisions related...
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Dumping-like production and acquisitions before the introduction of the chips-tax
Date: 2011-07-28 15:00:18
Before the introduction of the chips-tax, the affected food manufacturers and retailers started a dumping-like production and acquisition, although the increase may not be long delayed. The food manufacturers want...
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Export sectors create jobs
Date: 2011-07-28 13:40:51
The number of employees between age 15-74 increased by 29,900 from 3,778,900 to 3,808,800 in one year (0.8 percent), which is the most dynamic growth of the past seven months...
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Wage supplement and Sunday opening hours
Date: 2011-07-28 13:10:24
According to the proposed modification of the Labour Code; the employers should pay fifty percent salary bonus to their employers working on Sundays, except for those part time workers, who...
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VAT-decision – The goverment accepts EU ruling
Date: 2011-07-28 13:00:23
Hungary is sticking to its 2011 and 2012 budget deficit targets and a European Court ruling on value added tax (VAT) refunds has no impact on the budget goals, spokespeople...
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The capsule coffee is getting increasingly popular in Hungary
Date: 2011-07-28 12:40:15
Its market share within the total market is still minimal, but the sold in capsules and the number of devices more than doubled in a year. The number of market...
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2,500 tons of melon exported from the eastern part of the country
Date: 2011-07-28 12:35:35
So far, the Nyíregyháza-based Rádium Kft. exported about 2,500 tons of from three counties (Békés, Jász-Nagykun-Szolnok and Szabolcs-Szatmár-Bereg) of the eastern part of the country – told the company's CEO...
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The number of domestic corporate mergers and acquisitions increased
Date: 2011-07-28 12:31:56
The number of domestic corporate mergers and acquisitions increased in the first half of 2011 compared to the same period of last year – shows the latest survey of Ernst...
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The Ministry of Rural Development helps chicken farmers
Date: 2011-07-28 12:25:55
The farmers breeding laying hens can apply for 5 to 200 million HUF support to create EU standard conditions for the animals from early September until the end of the...
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Tesco requested a rent reduction from the local government
Date: 2011-07-28 12:25:02
Tesco-Global Stores Ltd. requested a rent reduction from the municipality of the 12th district referring to the special tax. According to Tesco's press department it is a usual practice that...
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A Tesco will be created in the place of the largest Domus store?
Date: 2011-07-28 12:10:09
The sell-out is still underway in the Domus store, situates in the Róbert Károly boulevard of Budapest. The largest Domus store will soon to be closed. The central telephone of...
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Instore communication devices by POS Media Hungary in Lidl-stores
Date: 2011-07-28 11:23:30
In spring 2011, André Media Hungary and POS MEDIA Célcsoport Hungary has signed a contract to sell advertisement on shopping-strollers and next-customer-sticks. As a result of this contract, POS Media...
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New CEO at LLP Hungary Microsoft Dynamics
Date: 2011-07-28 07:38:58
Starting from 1st July, András Czermák (36) is the new CEO of LLP Dynamics Hungary. The expert has a 16 years of experience behind him on this particular field, and...
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Improved consumer confidence in the world's largest economy
Date: 2011-07-27 14:02:11
The consumer confidence index of the U.S. Conference Board economic research institute increased in July. The index increased to 59.5 points from the revised 57.6 points of June. The experts...
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The consumer protection authority inspects the catering units and entertainers
Date: 2011-07-27 12:59:26
Connected to the tourist season, between June 20 and August 26 consumer protection authorities particularly check the entertainers' equipments and catering units – said Petrik Sándor, Director of Csongrád County...
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Coface: the number of liquidation procedures grew
Date: 2011-07-27 12:54:39
The number of liquidation procedures in Hungary rose 21% in the first half from the same period a year earlier, credit insurance company Coface Hungary told MTI. Liquidation procedures were...
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New leader at Sága Foods
Date: 2011-07-27 12:41:41
From July 2011, the new domestic commercial leader is Ádám Szita. The expert is an economist who finished his studies at the College of Foreign Commerce, and also gained an...
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Hungarians do not want to work over the retirement age even for more money
Date: 2011-07-27 12:40:18
Two-third of the Hungarian workers would not work after retirement age, even if their salary would be raised – shows the latest datas of Randstad Work Monitor. According to the...
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The plantations of the Somló Wine Region escaped from the red sludge
Date: 2011-07-27 12:30:55
Scientific studies have shown that last year's red sludge disaster did not cause any damage to the vineyards of the Somló Wine Region – told Somogyi Lajos Hill Judge over...
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Another Starbucks café to open on Széna square
Date: 2011-07-27 12:10:30
The fourth Starbucks café in Hungary opens in Buda on the Széna square in early August. The news is interesting, because Starbucks already has a unit there, in the Mammut...
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47 percent of the Hungarian population does not plan to go on holiday
Date: 2011-07-27 12:06:03
Forty-seven percent of the Hungarian population does not plan to go on holiday this year, or not sure that could go – shows an European Commission survey. On a European...
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Metro's household electronics retail is making losses
Date: 2011-07-27 12:00:56
The Duesseldorf-based Metro group's household electronics retail section, the Media-Saturn closed with 44 million euros operating loss in this year's second quarter. The sales of the chain decreased. The company...
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