News and articles

Pepsi is not commenting the attempt of Kraft Food

Indra Nooyi the CEO of PepsiCo Inc. said that the company is “very disciplined” approach to the acquisitions and did not see the point, in several large acquisitions. The Chief...

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GKI: Hungarians are more optimistic than in last November

GKI’s economic index improves for five month in September. The index summarizing the results of the survey is somewhat higher than the value in November last year. However, within the...

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Simpler licensing procedure in trade

Due to the result of the June 2009 amendment of the Trade Act; the opening of a business will be more simple. The dealer can choose the form of trading...

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KSH: last year Hungary's GDP has increased, due to agriculture

According to the Central Statistical Office (KSH); Hungary’s gross domestic product (GDP) was 26 543 billion HUF in 2008. This – calculated at constant prices – is a 0.6 percent...

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Danone sells its túrórudi plant in Marcali

Danone Ltd. sells its túrórudi plant in Marcali, to the Csányi Sándor owned Sole-Mizo Ltd. Concrete decision is expected in November, when the negotiations and official procedures are completed, including...

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Business tourism decreased

A significant part of the companies saves on different conferences, congresses and events, because of the crisis. The hotel and event centers experienced a 15-40 percent drop in corporate events...

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Agrármarketing Centrum will be presents at the autumn festivals

Beside foreign presence, autumn exhibitions of Agrármarketing Centrum continues. A number of national events will be held in the autumn. The International Egg Festival will be held in the center...

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Gene manipulated bread from Canada

Gene manipulated foods, containing not yet approved linseed in the European Union, has transported into many EU member states, from Canada – announced the European Commission in Brussels. It is...

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The bank of Auchan got a new name

From 1st October 2009 the Accord Hungary Ltd. – in accordance with the strategy and ambitions of the parent company Banque Accord owned by Auchan supermarket chain – continues its...

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The vinery of the 2005 winner was locked

The Wine Qualifying Directorate locked the vinery of Vincze Béla, who was chosen as the winemaker of the year in 2005, for thirty days, because glycerol was found in the...

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MPF Holding is the new owner of the Barcs factory of Henkel

The construction chemicals manufacturing plant, will become the property of MPF Holding from 1st October 2009. The new owner will continue to operate the factory and will get new orders...

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The Competition Authority (GVH) proposes new product food law

President László Sólyom sent back the new product food law for consideration to the Parliament. According to news releases; new legislation will be made, therefore, the Competition Authority (GVH) made...

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Széchenyi Card: 700-billion loan outplacement

The Széchenyi Card (SZK)became even more attractive during the crisis. Although the number of requests has increased significantly, the allocations are not, because the strict bank filter. So far, overall,...

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Eurozone’s confidence index reached its annual peak

The euro-zone business confidence index, rose to its 12-month peak in September, to 82.8 points, from the 80.8 points of August. The increase may indicate that the region's economy can...

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Economic Competition Authority investigates retail chains again

The Competition Authority launched a re-investigation at several chains of stores, to make sure whether they have complied their previous commitments The Economic Competition Authority among other things, investigated the...

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EU agriculture support: 12 million euros “return to the sender”

According to the European Commission’s decision; Due to monitoring and recording deficiencies Hungary has to pay back 12 million euros. The government asks for installments. The farmers do not have...

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Hungarian version of Google Maps is operating

From tuesday morning the Google Térkép knows what the Google Maps: displays the shops, hotels, restaurants, and one can upload ones business information free of charge. The map is deeply...

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The sale of agricultural products, has been frozen

The market of agri products is stagnating, purchasing price is very low. The situation is similar to the case of fruits. The farmers have no money, even for fertilizer. A...

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The Bulgarian subsidiary of Dunapack expanding despite the crisis

The Bulgarian subsidiary of the leading Hungarian paper packaging manufacturer the Dunapack, performing well despite the crisis. This year, expecting an about 2 million leva result, after last year's 608...

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So far, only one company got food bank guarantee

The Hungarian Development Bank approved only one application in the course of the program, that was made to help out viable food companies, that are only in trouble because of...

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The first Hungarian Product Grand Prix hotel

The NaturMed Hotel Carbona of Hévíz used to win the “Best Spa Hotel” title every year since 2004, won this year’s Hungarian Product Grand Prix. The NaturMed Hotel Carbona of...

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The retail purchasing power is higher in the western region

According to the survey of GfK Hungária Market Research Institute; in the general and retail purchasing power ranking, Budapest is in the first place and Tiszabő of Jász-Nagykun-Szolnok County is...

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Hungarians have huge account debts, but showing a decreasing tendency

According to the data of the domestic financial supervision, the Hungarian households bank overdrafts decreased, compared to the end of 2008, exceeding 325 billion HUF, in July this year. The...

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Product fee can be terminated from 2010

According to the plans of the Ministry of Environment, the shops wouldn’t be burdened by the product fee, imposed on packagings and environmental fee should also be paid, after the...

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Gráf does not wait for the EU

The Hungarian agriculture government fed up with the inefficiency of the EU and brings forward the payment of the dairy farmers and even provide further assistance. This, can meant 22-24...

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Auchan: Internet innovation on the website

After one and a half years of successful operation, Auchan Hungary Ltd.’s company website, the www.auchan.hu got new form and content. The new website would desire to keep up with...

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The EU would tighten the rules on invoicing

The European Union plans the tightening of the rule system of invoices, that would be mandatory to all member states. The changes would standardize the rules of 27 EU Member...

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Kraft Foods prepares for hostile step

Kraft Foods is preparing to make a hostile takeover bid for British Cadbury confectionery manufacturer. According to City sources, the world's second largest food giant, the Kraft Foods offer would...

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Hungarians do not visit Slovakia

There is a lack of Hungarian tourists in the Slovak hotels. According to the datas of the Slovakian Statistical Office; the number of Hungarian tourists decreased by almost 40 percent,...

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China launches anti-dumping process due to the U.S. chicken imports

China initiate proceedings against anti-dumping and not allowed subsidies in the case of U.S. imported chicken meat – announced Chinese Ministry of Commerce. The United States is China's largest chicken...

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