Company and Personal News
Seven CEE countries on Coface's negative rating list
Date: 2009-02-10 09:19:03
In all, 22 countries were either downgraded, placed on negative watch or had their positive watch withdrawn. For the year 2008, Coface registered an increase of 47% in its global...
Read more
Farmers protests grip Europe as prices slump
Date: 2009-02-10 08:44:12
After peaking at the end of 2007 on the back of a global commodities boom, wholesale milk prices dropped by 50 percent on average last year, Hungarian farmers have HUF...
Read more
Lidl adds stores and premium products in UK
Date: 2009-02-10 08:41:08
The discount chain is extending its product range to 2,000 SKUs and now includes a new deluxe premium range. Lidl plans to add 50 stores in the UK this year,...
Read more
Decreasing inflation, weak forint
Date: 2009-02-09 10:27:43
The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that both the depth and duration of the global recession are for the time being completely...
Read more
HUF 130-140 billion EU subvention could lost
Date: 2009-02-09 10:21:28
We have to pass the new SPS law, as soon as possible, otherwise the Hungarian stock-farming will cut back between 2010-2012 – said Barna Forgács, president of Hungarian Chamber of...
Read more
Cimsec donation to Bokay Foundation
Date: 2009-02-09 09:33:19
Henkel Hungary gave HUF 1.3 million support for buying a diagnostic equipment, which could help against cradle death. The company collected more than HUF 1 million from selling CIMSEC products...
Read more
People drink less fruit juice in the crisis
Date: 2009-02-09 09:30:21
Last years the total fruit juice sales decreased by 4%, specialist said this year the fall could be 5-7%. Sió-Eckes, owned by German Eckes-Granini group, sold 71 million liter fruit...
Read more
New products in Sole-Mizo's portfolio
Date: 2009-02-09 09:18:13
From February the Sole Gustoso buttercream is avelable in 3 tastes at Real, Coop, CBA and Metro chains. Sole-Mizo's premium product contents cream, calcium and D-vitamin. The products is processing...
Read more
Kaufland expands aggressively in northern Germany
Date: 2009-02-09 08:48:56
It is rumoured, that Schwarz Group acquiring Famila hypermarkets from Bünting and Bartels-Langness in the future. According to Lebensmittel Zeitung, Schwarz Group’s Kaufland is planning 70 additional hypermarkets and a...
Read more
Kellogg reports profit grow by 3 million US in Q4
Date: 2009-02-09 08:25:08
For the year-ending quarter, profit rose to $179m , compared to $176m last year. The company estimated that it lost 1 percentage point of market share in the US cereal...
Read more
Big harvest, decreasing demand for malt
Date: 2009-02-09 07:56:15
After several years of impressive growth the worldwide consumption of beer could remain flat this year as the economic downturn hurts demand. Between 2005 and 2008, worldwide beer production rose...
Read more
Sales of Bertolli help Unilever's net profit
Date: 2009-02-06 09:46:59
Unilever has reported a 51% rise in net profit to EUR1.2bn for the fourth quarter of 2008, boosted by the sale of its Bertolli brand for EUR630m. The consumer goods...
Read more
Happy Meal serves knowledge
Date: 2009-02-06 09:29:47
From January McDonald's started an education marketing campaign for Happy Meal. After last years 'Did you know?' campaing in 2009 the fast food chain spurs on exploring the world around...
Read more
Aranyfácán plans to expand production
Date: 2009-02-06 09:12:46
In spite of the agricultural sales problems last years, there was no scandal on tomato front. The grower and processors work together in harmony, the supply price is since many...
Read more
The role of the personal consulting is growing at the vitamin market
Date: 2009-02-06 08:52:53
According to GfK's Healthcare and Consumer Tracking researches altough Hungarians think to take vitamins is an important way to healthcare, but they bought less pills in the last two years....
Read more
Metro to expand private label range
Date: 2009-02-06 08:41:09
Metro has 24 private labels comprising around 800 products. The private labels account for around 7% of the chain’s portfolio, but the share will grow to around 10% in the...
Read more
Carrefour France to hire 15,000 workers
Date: 2009-02-06 08:20:50
Despite a downward revision of its results and replacement of José Luis Duran by Lars Olofsson as CEO, Carrefour will maintain its workforce levels in France. Carrefour has announced plans...
Read more
SPAR Danmark acquires 100 stores
Date: 2009-02-06 04:02:59
Danish retailer SPAR Danmark has acquired 100 stores in its purchase of Danske Köbmaend by holding company Dagrofa. The deal means that SPAR Danmark’s turnover will increase by USD 209.61million....
Read more
Aldi accused of human rights violations
Date: 2009-02-06 03:10:35
German discount chain Aldi is reported to violate labour and human rights of Chinese staff that produce promotional goods for the company. A study by the German Südwind institute claimed...
Read more
98-Cent Produce Packs brought new shoppers for Fresh & Easy
Date: 2009-02-06 02:26:32
Tesco’s US subsidiary Fresh & Easy has reported that its produce sales have increased by more than 11% with its new 98-Cent line since January when it was introduced. The...
Read more
Wal-Mart sales increase in January
Date: 2009-02-06 02:13:58
Same-store sales excluding petrol at the country's largest retailer rose 2.1% last month, more than the 1.1% gain expected by Wall Street specialists. Like supermarkets in the UK, Wal-Mart said...
Read more
Volume of exports and imports for new member states continued to expand dinamacally
Date: 2009-02-05 08:28:00
In November 2008, the export and import volumes decreased by 8 and 12 percent, respectively, however in January-November both the exports and imports increased by 5 percent as compared to...
Read more
In spite of excellent agricultural land, there is no closing up in CEE
Date: 2009-02-05 08:14:00
The CEE food industry is sitting in a vicious circle, for weak needs the answer is weak offer – said an UNIDO research, published by business daily Világgazdaság. UNIDO is...
Read more
Zwack Hírős Kecskeméti product line
Date: 2009-02-05 08:00:00
Zwack Kecskeméti Pálinka Manufaktúra has launched its Hírős Kecskeméti product line recently, with Hírős Kecskeméti Barackpálinka in new packaging as the “flagship”. Hírős Kecskeméti products are based on 200 year...
Read more
Fewer people buying larger quantity of softeners
Date: 2009-02-05 08:00:00
According to ConsumerScan data by GfK Hungária, the number of households buying softeners in the first nine months of 2008 was down slightly compared to the preceding year, but the...
Read more
Expectations reaching lowest point ever
Date: 2009-02-05 08:00:00
According to a survey conducted by GKI Gazdaságkutató Zrt., both business and consumer expectations continued to drop in December, but the rate of decline slowed down. Retailers did not expect...
Read more
Munich no match for the Amsterdam PLMA yet
Date: 2009-02-05 08:00:00
Several events are organised by the Private Label Manufacturers Association every year where manufacturers get an opportunity to do business with retail chains. Among these, the exhibition held in Amsterdam...
Read more
2008 Mecénás Nap award for Stella Artois
Date: 2009-02-05 08:00:00
Stella Artois was awarded the Summa Artium Projekt prize last November for exemplary co-operation with the Museum of Fine Arts in their ‘Múzeum + “ program. Special glasses decorated with...
Read more