News and articles
U.S. sugar stocks are on a thirty-four-year nadir
Date: 2009-08-17 00:01:00
The leading U.S. food producers, such as Mars recently warned the Obama government to take immediate steps, because they will soon run out of sugar. Many jobs can be a...
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Schlecker will take over 71, from the stores of the Woolworth chain
Date: 2009-08-17 00:00:30
German Schlecker network, which has businesses in Hungary will take over one-fourth, 71 from the stores of the bankrupted Woolworth chain of stores. The Woolworth Deutschland, which bankrupted in April,...
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Forty-five Hungarian companies will take part on the Anuga food fair
Date: 2009-08-14 00:15:00
Between 10-14 October mostly frozen food, organic and meat producers of Hungary will take part on the sector’s largest international professional food fair, the Anuga of Cologne. Fourteen of the...
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Quick report on agricultural producer prices by KSH
Date: 2009-08-14 00:13:00
The level of agricultural producer prices decreased by 13 percent in June 2009, compared to the same period of the previous year. In particular, the price level of plant products...
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Tokaj Merchant House should stay in long-term state ownership
Date: 2009-08-14 00:10:25
The Management of the Tokaj Merchant House Ltd. (TK) would like that it would be a rule that the most important wine company of the historic wine region would remain...
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German and French economies are growing, while Hungarian GDP falls
Date: 2009-08-14 00:09:30
According to Frankfurter Allgemeine Zeitung referring to the Federal Statistical Office the worst recession in German history has ended. In the second quarter of this year, the German economy increased...
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Tesco: action in honour of the Hungarian state foundation
Date: 2009-08-14 00:08:00
From 14 to 27 August 200 well-known and popular fresh and dry Hungarian products will be brought into light in all Tesco stores of the country, during the period of...
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Tens of thousands forints can be saved on starting school
Date: 2009-08-14 00:05:00
Parents can achieve up to 20-25 percent savings at pre-school shopping for the school year. The bid can be 50-100 thousand HUF per child, so it is important, where and...
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On of Aldi’s CEO waved goodbye
Date: 2009-08-14 00:04:00
One of the most important British leader Paul Foley, who was in charge for Great Britain and Ireland at Aldi unexpectedly left the company. According to analysts Sainsbury's and Asda’s...
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Wal-Mart: nearly three and a half-billion profit in the second quarter of 2009
Date: 2009-08-14 00:03:30
The world's largest retailer, Wal-Mart Stores Inc. achieved a 3.44 billion USD, 88-cent per share profit in the second quarter of 2009. The result is almost the same as the...
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A loss in the second quarter of 2009 at the InterContinental
Date: 2009-08-14 00:02:00
The British InterContinental Hotels Group reported a net loss of 56 million USD in the second quarter of this year, compared to the net profit of the one year earlier...
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The water content in meat is five fold
Date: 2009-08-14 00:01:00
Instead of the usual 2-3, but not more than 5 percent water content, 24.4 percent water was found in 80 tonnes of pork, of Kapuvári Meat Ltd. purchased by the...
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The inflation data has shown that traders swallowed most part of the VAT increase
Date: 2009-08-13 00:09:59
The July VAT increase did not appear fully in inflation, because in the shrinking domestic market, many traders were not able to increase their prices, in addition to the seasonal...
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Selective waste collection: people declared themselves more eco-conscious than in reality
Date: 2009-08-13 00:09:26
Only 18-20 percent of the plastic bottles are collected selectively in Hungary, even though 75 percent of the population is aware of environmental problems resulting from the PET bottles. According...
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Arabs would also buy chicken of Békéscsaba
Date: 2009-08-13 00:08:25
A company which exports on Arabian markets interested after Barnevál, the poultry processor of Békéscsaba, but specific bid has not yet arrived. If there will not be a buyer for...
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BB Boglár Vintage Festival
Date: 2009-08-13 00:06:35
This year, for the 33rd time, one of the country's largest outdoor events will be held. The BB Boglár Vintage Festival waiting its guests with four days of concerts and...
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Mangalica ham is popular in the United States
Date: 2009-08-13 00:06:00
According to Tóth Péter President of the National Association Mangalica breeders; On the basis of sales, the turnover of the Hungarian mangalica ham can reach 1-2 thousands in the U.S....
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Nestlé’s profit decreased
Date: 2009-08-13 00:02:00
The world's largest food industry group, Nestlé achieved 5.071 billion Swiss francs, after tax profit in the first half of the year, which is 2.7 percent decrease compared to the...
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Unilever intensifies the production of ice cream
Date: 2009-08-13 00:01:38
Unilever Group intends to increase its Central and Eastern European ice cream producing capacity. The factory of Veszprém can also took a part in it. The Unilever group would build...
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Record amounts of corn harvest in the United States
Date: 2009-08-13 00:01:30
According to the most recent datas of the U.S. Ministry of Agriculture a record corn harvest and decrease in prices are expected. The projections show that the corn harvest this...
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Life at the Adriatic became more expensive
Date: 2009-08-13 00:01:00
According to a Croatian media research; in the Southern-Slavic area, life is much more expensive than in Hungary, compared with the eight main food commodity prices. This year, much less...
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Tesco: Energy from expired meat
Date: 2009-08-13 00:00:30
According to the plans of British chains of stores, around five thousand tonnes of expired meat unfit for consumption would be burned. It would be enough to power six thousand...
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Separate shops are more preferred than plazas
Date: 2009-08-12 00:11:00
According to the June research of GKI; Hungarian buyers prefer more Separate shops than shopping malls. More than one-third of the asked purchases mostly in separate shops. One quarter of...
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5.1 percent price increase in one year
Date: 2009-08-12 00:10:00
According to the datas of KSH, the one month's average consumer price increase was 1.3 percent in July 2009. Compared to July 2008 the prices increased by 5.1 percent, if...
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Agricultural finance will stall on commercial banks
Date: 2009-08-12 00:08:00
According to the Agricultural Chamber; the lack of credit is a risk to agriculture and using of EU aid and investments. Roughly 50 billion HUF is available from the source,...
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Sziget is good for everyone
Date: 2009-08-12 00:04:35
The organizers of Sziget Festival, can only calculate whether a profit has been made, after the event. But businesses can reckon on the additional economic benefits of the Festival. The...
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New shopping mall opens on 10 hectares
Date: 2009-08-12 00:03:45
Zala Park will open on 27th August on 17 800 square meters with a total of 25 businesses. The investment has an area of 10 hectares and in the future,...
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Hungary and Ukraine have the worst business climate in the region
Date: 2009-08-12 00:03:00
According to the survey of Thomson Reuters OeKB the perception of the foreign companies operating in Eastern Europe, on their own business environment and the whole economy strongly improved. According...
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Cafeteria system still has sense
Date: 2009-08-12 00:02:00
Next year the tax-free fringe benefits will reduce. But the cafeteria system in 2010 will have a number of potential benefits – states RSM DTM Hungary. According to the calculations...
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According to the Ministry of Economy, there is no need for qualified cashier
Date: 2009-08-12 00:01:30
The new regulation of the Ministry of Economy would abolish the requirement of vocational training for the most of the trade jobs. The trade union fears from the obsoletion of...
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