News and articles

Forklift mishap destroys $1m of shiraz wine

More than A$1m ($1.07m; £664,000) of wine has been destroyed in a forklift accident in Australia. The 2010 Mollydooker Velvet Glove shiraz sells for A$185 a bottle ($199; £122), the...

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Industrial orders: in May, Hungary stood on the third place in the EU

Instead of the expected one percent, a more dynamic, 3.6 percent percent growth occurred in the field of  industrial orders in May compared to April in the euro zone, while...

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Hungary can export Vegetables to Russia from Monday

The Russian Chief Medical Officer approved the renewal of Hungarian Vegetable exports to Russia on Monday. Moscow banned the EU imports in early July, due to the diarrhea epidemic. Also...

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The majority of soy comes from genetically modified seed

Not only the union, but the experts cannot develop an unified view on the GMO issue. According to one side; it can be an effective solution for the growing food...

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The Hungarian hotel industry’s revenues are not too promising

The Hungarian hotels in the Central and Eastern European region are still only on the fourth place on the basis of revenue per room in May among the five tested...

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Demonstration can interfere the Sziget Festival

Bús Balázs, mayor of Óbuda called it shocking and unacceptable that anyone, referring to the right of assembly can disturb any cultural events or festivals. According to the expressed opinion...

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Beer in Russia has been classified as alcoholic beverages instead of food

Beer consumption is getting increasingly popular in Russia, while the beer has been included in the food category until now. After the legislative amendment will came into force, the authority...

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Russia wants leading grain exporter role again

Russia expects to regain its leading grain exporter role in this season, thanks to its good harvest, after forced to introduce export bans due to last year’s severe drought. According...

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McDonald's revenue and net profit also grew by two digits

McDonald's reported about double-digit growth in its second quarterly report, published today. The company's net profit increased by 15 percent its revenues by 16 percent. These datas have surpassed the...

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German business sentiment index, decreased more than expected

The greater-than-expected decline occurred in the July German business sentiment index of Ifo economic research institute. The index fell to 112.9 points, even though experts have reported that the July...

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High demand for the Hungarian cattle in Turkey

If the increased  Turkish demand for Hungarian cattle remains, that can cause prosperity in domestic cattle breeding. The Turkish market was previously closed for animal health reasons. Until last year,...

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GKI-Erste index falling

The recently published medium-term forecast of GKI reveals, among others, that following an average annual decrease of 1.6 per cent in the 2008-2010 crisis period, GDP will return to the...

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Hungarians get info about health problems online

Hungarians tend to gain more information with the help of the internet than the rest of Europe. In the first place, people are searching for information about diabetes, prostate problems,...

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The thousandth Tesco-store of Central Europe opened

In Raciborz opened thousandth Tesco store in Europe. In Poland, for over 15 years on the market, Tesco has opened 374 stores. Tesco Poland plans 2011/12 year include the opening...

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New technologies in engineering are the way to move forward

Engineering is one of the few industries in Hungary which has managed to remain relatively successful throughout the years of the recession, however only those companies managed to move forward...

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GfK: discount stores gained market share

In the first five months of the year, major changes can be observed in the market part of the commercial channels. The Hungarian households spent considerably more at the discount...

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The Ministry of National Economy would easen the organizing of local fairs

The government would easen the organizing of local fairs and markets. According to the draft legislation of the Ministry of National Economy it would be enough to report the event,...

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Superbrands is fifteen years old

Superbrands began to conquer the world 15 years ago starting from in Great Britain. The Superbrands, consist of a recognized a group of marketing professionals awarded the first very best...

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Better quality products in Austria, than in Slovakia?

On the basis of a survey of a financial newspaper in Pozsony, carried out in Billa and Lidl stores in Austria and Slovakia: the quality of most products are better...

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Increased revenues at Pepsi

The second-quarter profit of PepsiCo, Inc. increased by 18 percent to 1.17 USD per share, compared to the same period of last year – shows the company's flash report. The...

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Budapest’s new Water Gate on the Danube

Budapest's new water gates will be ready soon in Budafok. A family owned venture would like to create a a vibrant life in the 22nd district with creating a marina...

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Hail hit the grapes of Villány

Hail caused such damages have not seen for years in the area of Villány mountain village and Nagyharsány on Tuesday, where the grape growers, therefore, can expect an average of...

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The 13th Decathlon store opens in Debrecen

The owner of Decathlon gave up the idea to set up a sport discount chain in Hungary, under the name Koodza. However, the Decathlon restarts its network expansion. After the...

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Sziget Festival: a building permission would be needed for the tower

The notary of Újbuda urgently arranges in the two authorization processes, which the organizers launched in connection with the organizing of the Sziget festival. Horti István, notary of the 11th...

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A drop in the British purchasing mood in the market of malls

Recently, more than 20, around 1.5 billion pounds of combined capital value shopping centers entered the UK investment market. Nevertheless, the investment activity declined in the second quarter of 2011,...

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EIPA trend: More emphasis on smaller and newer Member States

The National Institute of Public Administration and the European Institute of Public Administration (EIPA) jointly organised the meeting of the EIPA Board of Governors, on 6-7 June 2011, in the...

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Hungarian watermelon-tasting at Tesco

On 23rd July and 6th August 2011, Tesco and the Hungarian Association of Watermelon is going to focus on the importance of eating local watermelon. The company is offering melon-tasting...

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New body care product by Fa

Market research shows that women are increasingly demanding when it comes to performance and compatibility of the ingredients in body care products dedicated to buying it. Starting from this premise,...

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Pálinka is still a trendy drink

SPIRITUS PRIMUS is waiting for customers to visit their pálinka culture house in VárFok Budapest, where they offer a wide range of high quality spirits for gourmets (1015 Budapest, Várfok...

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EU deems 400 million HUF compensation justifiable

One and a half million euros, or about 400 million HUF compensation was deemed as justifiable by the EU. Hungarian gardeners can receive roughly 400 million HUF support. These gardeners...

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