News and articles
In front of Europark Neo Center to build
Date: 2007-07-11 00:00:00
The London based Chayton Capital LLP will invest HUF 15 billion on building a mall, a sportcenter and an office building in Budapest, on the corner of Ulloi and Hatar...
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Louis Delhaize to buy
Date: 2007-07-11 00:00:00
The European Commission has announced it has cleared Belgian retailer group, Louis Delhaize SA's proposed acquisition of Hungarian hypermarket retailer, Magyar Hipermarket Kft. Louis Delhaize is a privately owned company,...
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Unisys Hungary – one year doubled staff
Date: 2007-07-11 00:00:00
The Hungarian arm of the Unisys Corporation, a worldwide information technology (IT) services and solutions company, is to nearly double its staff at its services centre in Budapest. Unisys...
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Danone to buy Numico
Date: 2007-07-11 00:00:00
French food group Danone has offered to buy Dutch baby food manufacturer Numico with a surprise bid of more than 12 billion euros. Numico is the world's second largest manufacturer...
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New directors at HPS
Date: 2007-07-11 00:00:00
After 16 years FMCG experience arrived Miklos Ostermayer at HPS Group. The new director of sales divison starts with a fresh outsourcing leader called Tamas Korody. In his new...
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Drugs outside of pharmacy, not only at gas station, but in hypermarkets too
Date: 2007-07-10 00:00:00
From July the customer can buy OTC medicines at two Tesco stores. The retail chain's two hypermarkets, in Budaörs and in the XX. District, started to sell OTC drugs....
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Activities in the black economy generated more than HUF 4,000 billion income
Date: 2007-07-10 00:00:00
Last years Hungarian GDP was HUF 23,560 billion, from this 17-18 % could be generated in the black economy. Hungary is to step up tax rigour in a bid to...
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InBev sells off Belgian and Dutch assets
Date: 2007-07-10 00:00:00
Brewing combine InBev has announced that it is selling certain retail estate assets in the Netherlands and Belgium to Belgian property group Cofinimmo. The brewer said it had entered...
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HUF 10 million penalty for Drogerie Markt
Date: 2007-07-10 00:00:00
Two of DM campagne could deceive customer said GVH, Hungarian Competition Authority. After Rossmann's stickler the German-owned drugstore chain Drogerie Markt have to play fine, because of its „Quality for...
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A coloring could cause cancer
Date: 2007-07-10 00:00:00
A food additive found in some sausages and burgers could trigger cancer, food safety specialists have warned. The European Food Safety Authority (EFSA) panel on food additives and flavourings...
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Eckes-Granini acquires Brämhults
Date: 2007-07-10 00:00:00
German-based fruit beverages company Eckes-Granini Group has acquired the Swedish premium fruit juice producer Brämhults Juice AB from from Mellby Gård Industri AB. The deal, which was completed on 1...
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The world of Smirnoff to the palm of the consumer trough mobilephone
Date: 2007-07-10 00:00:00
Drinks giant Diageo has launched an innovative mobile internet marketing initiative for the Smirnoff brand in the UK. Through the pioneering mobile service, which is available via the mobile...
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Rexam to buy Russian beverage can maker
Date: 2007-07-09 00:00:00
As part of its bid to expand operations into emerging markets Rexam said it has agreed to buy a Russian beverage can maker for €218m. Rexam, the world's leading beverage...
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Instead marmale honey is comming
Date: 2007-07-09 00:00:00
Sales of honey rose 14 per cent between 2004 and 2006 while marmalade sales dropped 10 per cent, according to a new study in the UK. The report by Mintel...
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Invest in automation
Date: 2007-07-09 00:00:00
Suppliers and manufacturers alike should investigate and invest in automation production lines, according to a new report. The study was carried out by the University of Lincoln in association with...
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Finland-based Fazer Group has taken a majority stake in Russian bakery OAO Volzhky Pekar
Date: 2007-07-09 00:00:00
The company hopes the purchase will double the bakery's turnover in five years. Fazer Russia is currently making a large investment at the Volzhky Pekar's bakery in Moscow, with the aim...
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New Hungarian real estate tax to come in 2009, not 2008
Date: 2007-07-09 00:00:00
Hungary will introduce the new real estate tax, which will combine four property-related local taxes and one central tax, from 2009, Minister of Economic Affairs, János Kóka said. Earlier this...
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PepsiCo offer for Danone
Date: 2007-07-09 00:00:00
Last summer, there was constant speculation that the US company was preparing a bid for Danone, french politicians were disgusted. Pepsico Inc is mulling a takeover for Groupe Danone, French...
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Atrium Center Satu Mare, Romania
Date: 2007-07-06 00:00:00
The British Dawnay, Day has recently acquired 2.7 hectares of land in Satu Mare in order to build a shopping centre. The investment will amount to approximately €61 million according...
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Trade marked Hungarian Poultry at Spar supermarkets
Date: 2007-07-06 00:00:00
Because of higher feeding cost, the prices of poultry and poultry products growth wit 6-8 % in autum. The Hungarian Poultry Product Board and Spar signed an agreement, that the...
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White list for meat processing workers
Date: 2007-07-06 00:00:00
Clitraviand and EFFAT suggest to build out an Independent certifacte organisation for workers in european meat processing industry. The white list would help the mobility of workers inside of european...
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New VAT at 2010
Date: 2007-07-06 00:00:00
The European Commission is calling for simplification and rationalisation of value added tax (VAT) within the EU. Tax commissioner Laszlo Kovacs said a new framework for reduced rates is...
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Nestle opens milk powder factory in China
Date: 2007-07-06 00:00:00
Swiss food giant Nestle said it formally opened a milk powder factory in Erguna, in China's Inner Mongolia region.The company said the plant, Nestle's 21st in China, was in an...
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Permira Group sell Takko
Date: 2007-07-05 00:00:00
German clothes retail chain Takko expands in Romania, Bulgaria and Poland. The american Advent International will pay €770 million for Takko and plans to open 150 new stores under this...
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In place of marketing engagement it must be attested
Date: 2007-07-05 00:00:00
The actions of funcional foods must be certifed by clinical searches. From 1 of July 2007 takes in effect the new EU legistation on health and nutrition claims on food....
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Flaming row about wine in EU
Date: 2007-07-05 00:00:00
The European Union head office proposed a drastic overhaul of the continent's wine sector to face up to increasing competition from abroad and eliminate a huge surplus of unmarketable produce....
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Nestle completes takeover in France and Spain
Date: 2007-07-05 00:00:00
The world's biggest food and beverage company Nestle won conditional approval from the European Union to buy the nutrition business of pharmaceutical giant Novartis. The European Commission said the...
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Grain production to increase
Date: 2007-07-05 00:00:00
The rapid growth of the world's biofuel industry is likely to keep farm commodity prices at high levels in the next decade as it will boost demand for grains, oilseeds...
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Chinese quality supervisors have a lot of work
Date: 2007-07-05 00:00:00
China said one-fifth of its consumer products don't meet government safety and quality standards. China, the world's biggest exporter of consumer products, faces pressure to improve safety standards as its...
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Only the owner will change for Hungarian Biscuits plants
Date: 2007-07-05 00:00:00
The French food company announced that it has entered exclusive talks to sell its biscuit division to Kraft in a transaction valued at $7.2 billion. This move will allow Kraft...
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