News and articles

Unprecedented wine shortage may occur in Hungary

Almost all the major wine-grower organizations joined the protest, which denounced the agricultural government's decision, that only the ministry can delegate members to the organization, that decides over the community...

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Centrum Department Stores Renew with Synergon

Centrum Exclusive Divatház Ltd. has chosen Synergon Retail Systems Ltd. as information technology supplier. The Centrum department store of distinguished past is to become the store for families yet again....

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Tesco doubles in Central and Eastern Europe

The world's third-largest retail chain will double its trade surface in Central and Eastern Europe in the next five years – reported  Reuters on Tuesday. The company would achieve the...

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The PSZÁF recommends a ban on consumer groups

If the competent ministry agrees with the Financial Supervisory Authority's proposal, to impose a ban on consumer groups the business-like organizating of the consumer groups will be banned in mid-2011....

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U.S. economy accelerated

The revised datas show that in the third quarter U.S. economy increased by 2.5 percent (based on annualized quarterly basis), which exceeds the previous estimations of 2 percent and the...

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Pizza Hut goes bankrupt?

According to the informations of Pénzcentrum.hu, it is clear that the Pizza Hut restaurant chain bankrupted in Hungary. One can still order pizza, but they no longer do home deliveries,...

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Euro zone’s consumer confidence is on its three-year peak

Despite the Irish and the Greek crisis, increasingly strong consumer confidence can be seen in the eurozone. According to the datas of the European Commission published on Monday; the index...

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Russia markets 13 million tons of wheat

Until June 2011, Russia will sell more than half, about 13 million tonnes of its grain reserves, thus reducing the price of wheat – reports szabadfold.hu, after Vedmosztyi, Russian economy...

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Changing British pub habits

According to a survey; British pubs sell more food than drink. The country is known for its beer enthusiasts, the drastic decrease in the sale of alcohol is clearly due...

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The Traubi suit has been ended

Following a lengthy litigation, the Budapest Court of Appeal has taken a final decision: the Tra-Üdi Zrt. belongs to Solomon Berkowitz owns the naming rights of the Traubisoda soft drinks...

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Slimexpo: a new event focused on healthy diet and beauty

Nearly half of Hungary's adult population is obese or overweight. This problem leads to several illnesses, for example diabetics, muscle pains and hypertony. This is why a brand new event...

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Celebrities worked hard to support sick children

Celebrities got together to help sick children on 20th November in the Ronald houses of Budapest and Miskolc, within the compass of a charity action. With more than 200 celebs...

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No need to wait for hours at Tesco for pregnant women, customers with kids or those with disabilities

Positive discrimination has turned up its head in the Tesco-outlet of Debrecen. Pregnant women, mothers arriving with young children and handicapped customers get the chance to be served immediately at...

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Companies are still waiting

According to a survey by Coface Hungary, from the companies asked nearly 40 percent saw their sales revenues decline by more than 10 percent in 2009. Another 10 percent of...

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Hell will produce in Hungary

The Miskolc-based Hell Energy Magyarország Kft. moves most of its production, to its new factory near Szikszó. With this step, the Hell Energy Magyarország Kft. contributes greatly in the  flourishing...

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Tesco plans to quadruple Chinese sales in 5 years

Tesco aims to quadruple sales in China to $6.4 billion over the next five years, as its operations in the country verge on profitability. Tesco runs 82 hypermarkets and four...

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Positive changes in the cafeteria system for next year

Although there are still uncertain points in next year's regulation of the fringe benefits, it can already be seen, that the cafeteria will be even more beneficial for the companies...

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The Christmas consumer protection action has begun

National Consumer Protection Authority (NFH) has launched its nationwide Christmas inspection on Monday, which will last until the 23rd of December – announced Pintér István, Director-General on a press conference...

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Herendi Porcelain promotes Hungary in London

The manual painter of the Herendi Porcelain Manufactory was the main attraction of the Hungarian stand of the WTM (World Travel Market) took palce in London last week. The manual...

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This year’s Wine Wednesday was successful

The Wine Wednesday series of programs of this year has ended. 227 restaurants took part in the program, offering wine on 50 percent discount price on four days of the...

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Wine Marketing Committee to be established for more effective wine marketing

In order to achieve better wine marketing, Fazekas Sándor Minister of Rural Development modified the regulation over the wine marketing contributions – communicates the Ministry of Rural Development. On the...

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Auchan distributed milk under the purchase price

Auchan distributed imported, Tatra and Madeta branded Czech milk under the purchase price, therefore, the Agriculture and Rural Development Office (MgSzH) fined the chain for 20.5 million HUF. Distribution under...

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Tens strength coffee: prohibited over forty

A New York cafe created tens strength coffee; one could say: ten in one. It is a real caffeine concentrate. It’s serving is prohibited over 40, because it is dangerous...

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New advertising tool in the Tesco parking lots

Parking Média and Tesco signed a contract over the Parking Umbrella advertising surfaces. The device plays a dual role: first, the cars can park under it, and 30 square meters...

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Coca-Cola recalls its American glass stocks

Coca-Cola withdraws 22 thousand sets of glasses in the United States, because the coloring material in the glasses contain cadmium, that is hazardous to health. Although the company said in...

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New forms of advertisement: product placements are coming!

After the effects of the recession and a long period of stagnation, the advertisement market is recovering slowly, and in fact new forms of advertisements – for example product placements...

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Hungarian companies participate at business forum in China

Representatives from more than a twelve Hungarian companies and organizations met with Chinese counterparts at a business forum in Chongqing on Monday, deputy state secretary at the National Economy Ministry...

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Postal prices might rise over 10% for some products from January

Hungarian postal company Magyar Posta might raise their prices more than 10% for some services from January 2011, although the average increase is not to exceed the rate of inflation...

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Econet plans 1.2 -2.2 billion HUF capital raise

Econet.hu announced on Monday that they intend to raise 1.2 billion – HUF 2.2 billion HUF of capital in a private placement. The purchase price will be the turnover-weighted average...

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A million restaurant critics

A decade ago it was the print media’s privilege to publish critiques about a restaurant. With the appearance of the Internet and Web 2.0 surfaces the situation changed because anyone...

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