More and more retailers bankrupt

More and more retailers bankrupt
Date: 2011-06-28 13:20:05

3.3 percent of the domestic retail companies were closed last year, far more than in the other sectors. In the first part of 2010 and 2011 the number of bankruptcies...

From Friday an EU regulation will make pizza and cake more expensive
Date: 2011-06-28 13:18:08

From the 1st of July a 25 percent VAT should be charged in restaurants after cakes and pizzas – published the tax authority for the request of Pénzcentrum.hu. If someone...

Hungary can be China's Central European Gate
Date: 2011-06-28 13:15:53

Hungary can gain a prominent place in Central Europe, if the country will become China's central European logistics and trading center. Due to the Hungarian-Chinese agreements signed during the weekend,...

Parliamentary committee set up to examine the privatization of the sugar industry
Date: 2011-06-28 13:10:40

The parliament set up a committee on Monday, in order to examine the privatization of the sugar factories. The proposal of Font Sándor, Ivanics Ferenc és Sebestyén Lászó was adopted...

The government ordered the development strategy of the hospitality sector
Date: 2011-06-28 12:50:06

The government gives time to the national economy minister until the end of the year, to develop a proposal over a new fringe benefit, that can be easily identified and...

Naturalma program for organic apple-growing
Date: 2011-06-28 12:40:51

The Naturalma program promotes disease resistant dessert apple varieties in Hungary. For those who plants apples suitable for organic production it is not required to switch to organic farming, but...

The Chinese hypermarket giant plans a huge capital injection
Date: 2011-06-28 12:35:51

The Sun Art Chinese hypermarket chain prepares for a 1.1 billion USD primary share issue in Hong Kong. The dominant owner of the company is the French Auchan. The Shanghai-based...

The city center of Komárom renewed from one billion HUF
Date: 2011-06-28 12:10:36

The renovation of Komárom's city center and the Jókai cinema completed, from 840 million HUF EU fundings. The more than one billion HUF investment was handed over on Tuesday. During...

Health care businesses need more consciousness
Date: 2011-06-28 11:31:27

1st July is the day of Hungarian health care – thus it is an excellent opportunity to take a closer look at the way this sector keeps changing. THe main...

A Stable Agricultural Market is in the Interests of the EU and Hungary
Date: 2011-06-28 11:17:13

Stable agricultural markets and predictable prices are in the interests of both the EU and Hungary – said Minister for Rural Development Sándor Fazekas, summarising the discussions held during the...

Fressnapf is one of the most successful brands of the year
Date: 2011-06-28 10:45:25

Fressnapf and RTL TV series “Gute Zeiten schlechte Zeiten” (GZSZ) have won a bronze “Co-Brands Award” for their last year’s joint campaign “Mach dein Tier zum TV-Star” (make your pet...

Gourmet dishes is the fast food restaurant
Date: 2011-06-28 09:20:06

The “McGourmet” dinner program first started in 2004, when McDonald's Brazil invited journalists, nutritionists and other lucky guests to an elaborate dinner party featuring a menu of gourmet dishes created...

The public health product taxes would be applied on five product groups
Date: 2011-06-27 16:40:12

According to the proposal, that was submitted to the parliament on Friday by two MPs of Fidesz; the so-called hamburger tax would be applied on five product groups. After she...

Chocolate prices may increase by 20 percent this summer
Date: 2011-06-27 16:10:19

After the price increase of sugar, the chocolate will soon be a luxury item. Within a few weeks we have to pay more for candies. Hungarians last year consumed 60...

So far only five countries can export vegetables to the Russian market, Hungary is not among them
Date: 2011-06-27 13:30:20

The Russian authorities permits the restarting of vegetable exports for five countries. Hungary is not among these countries yet. The Russian consumer rights supervision can permit the restarting of vegetable...

The Ministry of Rural Development considers banning of some unhealthy food products
Date: 2011-06-27 13:10:47

Some unhealthy foods would be banned from the Hungarian market and their sale would be pushed back with economic tools – said Ángyán József, State Secretary of the Ministry of...

Three wines won the Veszprém County's Wine recognition
Date: 2011-06-27 13:02:10

The top quality wines of Veszprém county have been selected: Among the 36 wines of 23 experts a total of 14 were found worthy for the final jury, three of...

European Commission: the dietary food denomination should be deleted
Date: 2011-06-27 13:00:04

According to the concept of the European Commission; the dietary food denomination should be deleted to fill in the legislative gaps of the EU, and to restrict the companies' access...

The Hama Kft. will be the supplier of tesco on regional level
Date: 2011-06-27 12:58:43

The Hungarian Hama Kft. won the right to be the supplier of Tesco on regional level. The significant increase in a traffic has a work preservation effect. Tesco last year...

Tesco innovation in South Korea: one can purchase from a poster with a smartphone
Date: 2011-06-27 12:30:43

Tesco could be “only” second on the South Korean market, with its business model. This is why local leaders gave birth to a revolutionary new idea. The South Koreans do...

The first drive-in shop by METRO in Hungary
Date: 2011-06-27 11:26:05

A new METRO Commercial Ltd. logistics center has been built in Keszthely, where professional partners of the company can pick up their previously ordered goods. This investment is considered to...

A good harvest is coming
Date: 2011-06-27 10:16:48

Winegrowers can take it easy now: seems like this year's harvest is going to be successful. Hungarian winegrowers can reach a total of 3.5 million hectoliter wine-harvest in 2011, according...

Thousands of jobs might be created by Chinese companies in Hungary
Date: 2011-06-27 10:14:55

The parties attending the plenary session of the Hungarian-Chinese Joint Economic Committee in Hungarian Parliament on 22 June 2011 discussed new initiatives with the aim of expanding and intensifying bilateral...

The UNESCO evaluated the World Heritage status of Tokaj and Budapest
Date: 2011-06-27 09:55:05

The World Heritage Committee of UNESCO evaluated 135 world heritage sites, including two locations in Hungary – notified the Office of Cultural Heritage (KÖH) to MTI on Friday. According to...

José Graziano da Silva of Brazil elected FAO Director-General
Date: 2011-06-27 09:35:31

José Graziano da Silva of Brazil was elected Director-General of the UN Food and Agriculture Organization (FAO) today. Graziano da Silva, who is 61, received a total of 92 votes...

New competition by the Food and Agricultural Organization of the UN
Date: 2011-06-27 08:44:31

2567-CIO – Information & Communications Technology Officer P-4 Deadline: 21st July 2011. The entire material can be downloaded here…...

Four Hungarian FMCG-companies to be closed
Date: 2011-06-24 17:44:56

The so-called hamburgertax is going to affect all products containing too much sugar, salt or coffein. This way, companies like Coca-Cola, Pepsi, Nestlé or Chio will have to pay an...

Hungarian candy industry is facing a bitter year
Date: 2011-06-24 16:43:01

The new hamburgertax – officially called national health care product-tax – offers a bitter year for the Hungarian Sweets Industry, especially considering that incredients have also faced a rather significant...

Retail sales decreased by half percent in the first four months
Date: 2011-06-24 13:45:35

The retail shops – on the basis of the calendary adjusted datas – in April 2011 had 1.3 percent sales volume, compared to April 2011. Retail turnover in the first...

Consumption and and consumer confidence are still weak
Date: 2011-06-24 13:42:54

The retail sales are below the expectations, that can be threat on the growth prospects of the Hungarian economy – says Suppan Gergely senior analyst of TakarékBank. Retail sales were...

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More and more retailers bankrupt