News and articles

SIÓParty in 30 Hungarian schools

SIÓ-ECKES Ltd. has launched its successful Sió! Scoolbag Program in 2008, and has reached plenty of children, families and scools since. To main goal of the company is to help...

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Measures to be weakened

The Hungarian authorities will review the measures taken on last Wednesday that were related to the German meat and meat product imports. In the last few days, dioxin-contaminated products were...

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The rise in unemployment hits the most advanced economies

This year, 203.3 million unemployed people, slightly less than last year’s 205 million will be in the world. A substantial number of young people enriches the camp of unemployed –...

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FAO supports strong food exports

UN's Food and Agriculture Organization the FAO preserve the producer countries from the introduction of measures, that moderates food exports. According to the communication of Richard China, program development department...

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The poultry sector is suffering fom the lack of feed

Recently, more than 70 thousand one day old ducks were strangled, because the fattening did not found feed supplier. Because of the high feed prices a lot of breeders canceled...

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Large Turkish demand for Hungarian cattle

A large number of Hungarian cattle is imported by the Turks from Békés county, Hungary. Several types of meat, for example leg, thigh, shoulder temporarily disappeared from the shelves of...

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The competition is getting sharper in the Hungarian high gastronomy

The competition is getting sharper in the domestic high gastronomy: last year a number of restaurants opened offering premium quality. Although the effective demand is still well below the Western...

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A Chinese investor may buy the sugar factory of Kaba

On the Chinese visit of Prime Minister Orbán Viktor, one of the members of his government delegation, from Hajdú-Bihar County propounded the idea of the possible recovery of the sugar...

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Thousand billion euros turnover with Visa cards

According to the today published results of Visa Europe; Visa card spending increased by 16 percent annually in Europe, that means a total of more than 1,000 billion euros turnover...

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The new ways of brand building

The Magyar Turizmus Zrt. (MT Zrt.) tenders creative agencies for the brand building of Hungary in abroad, for the promotion of domestic trips within the border. The competition will appear...

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POS Media Europe gained hundred percent ownership

The owners of POS Media Europe and Célcsoport Média agreed to close the acquisition process, within the compass of which the customer purchased the remaining business-parts of Célcsoport Média. On...

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Serious problems in agriculture due to redmud-catastrophe

Devecser, the area affected by the redmud-catastrophe closed a sad harvest: the catastrophe resulted in less than half of the previous year's sunflower and corn – Tibor Kákony, director of...

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2011 is the year of smartphones

Smart phones are catching up – 2011 is going to be the year of smartphones according to a new survey by GKIeNet1. Various appilcations make life easier, therefore 15 percent...

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Henkel sponsors kindergarten

Henkel Hungary Ltd. has decided to support a kindergarten called Gesztenyéskert in district 9 in Budapest with a 500 thousand HUF sponsorship. The Óbuda-based institute spent the money on various...

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Wal-Mart lowered its prices

Wal-Mart Stores Inc., said today it plans to reduce prices on fresh fruits and vegetables as part of a broader effort backed by first lady Michelle Obama to sell healthier...

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Hypermarkets and smaller self-service stores are the most popular

When it comes to various factors connected to shop-choice, there is no significant change in Hungary as compared to the previous years. The major issues in focus are quality, freshness...

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Coface had its 15th Country Risk Conference, no change for Hungary

On the occasion of its 15th Country Risk Conference, Coface is expecting a moderate slowdown of the global economy. Among the risks to be monitored are the continued tension with...

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The decline in retail has stopped

In November 2010, the retail stores – on the basis of the calendary adjusted datas – had a similar turnover volume as a year earlier – reports the Central Statistical...

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IMF expects more than four percent increase from the world economy

The International Monetary Fund (IMF) calculates with a higher rate economic growth, than projected. According to the IMF; the global economy will increase by 4.4 percent this year, and the...

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A seventy percent increase is needed in food production in the forthcoming decades

A new large global food crisis may hit the world again. Subsidies and custom duties play an important role in its development. These subsidies and custom duties distort the global...

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The EU reduces the supply with frozen pigs

The European Union provided a rapid response for the falling pork prices. According to Dacian Ciolos agriculture commissioner; the decision over the private storage of pork will be born in...

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Four measures of the EU because of the dioxin scandal

The European Commission presented four measures related to the dioxin scandal. The European Commission would introduce the reporting obligations in connection to the production and marketing risks of the product,...

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Budapest Bank moved into the Tesco stores

Since January, Budapest Bank is the partner of Tesco Hungary in financial services. The financial institution and the chain prepares for a long-term strategic cooperation. As the first step, the...

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McDonald's raises prices

According to the plans of McDonald's Corp. the price of the products of the company, will be increased by high raw material costs increases. Company’s prices will increase the most...

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Eight million passengers at Ferihegy

The passenger traffic of the Airport was 8.1 million person in 2009. With this resultt the Ferihegy Airport was the 38th largest airport in the European Union. The traffic was...

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Johnson & Johnson reported poor results

Johnson & Johnson announced that its fourth-quarter profit increased to 2.86 billion USD, 1.03 USD per share from the 2.85 billion USD and 1.02 USD per share profit value of...

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Conterfeit chocolate-scandal in our neighbourhood

Italian chocolate maker Ferrero has lost a long-running trademark battle over its top-selling praline in Ukraine in a case that was closely watched for its implications for foreign investments in...

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5.6 million revenue for Andrew Lloyd Webber's wine

Andrew Lloyd Webber is a big wine freak. He told Will Lyons that he started collecting wine during his “preteenage years” when he was still at school. That's a lot...

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Consumers are saving worldwide

In most countries of the world consumers are preparing to cut back their spendings in the forthcoming months, due to concerns over job insecurity and the increase of inflation –...

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EU pig sector is on the edge of collapse

In Germany, nearly five thousand animal breeding sites were closed, because of the dioxin scandal, it is likely that meat shortage will occur on the market. Therefore, Font Sándor, chairman...

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