Tesco plans to quadruple Chinese sales in 5 years

Tesco plans to quadruple Chinese sales in 5 years
Date: 2010-11-22 17:12:44

Tesco aims to quadruple sales in China to $6.4 billion over the next five years, as its operations in the country verge on profitability. Tesco runs 82 hypermarkets and four...

Positive changes in the cafeteria system for next year
Date: 2010-11-22 16:09:24

Although there are still uncertain points in next year's regulation of the fringe benefits, it can already be seen, that the cafeteria will be even more beneficial for the companies...

The Christmas consumer protection action has begun
Date: 2010-11-22 15:59:56

National Consumer Protection Authority (NFH) has launched its nationwide Christmas inspection on Monday, which will last until the 23rd of December – announced Pintér István, Director-General on a press conference...

Herendi Porcelain promotes Hungary in London
Date: 2010-11-22 13:25:24

The manual painter of the Herendi Porcelain Manufactory was the main attraction of the Hungarian stand of the WTM (World Travel Market) took palce in London last week. The manual...

This year’s Wine Wednesday was successful
Date: 2010-11-22 13:23:28

The Wine Wednesday series of programs of this year has ended. 227 restaurants took part in the program, offering wine on 50 percent discount price on four days of the...

Wine Marketing Committee to be established for more effective wine marketing
Date: 2010-11-22 13:19:55

In order to achieve better wine marketing, Fazekas Sándor Minister of Rural Development modified the regulation over the wine marketing contributions – communicates the Ministry of Rural Development. On the...

Auchan distributed milk under the purchase price
Date: 2010-11-22 13:14:56

Auchan distributed imported, Tatra and Madeta branded Czech milk under the purchase price, therefore, the Agriculture and Rural Development Office (MgSzH) fined the chain for 20.5 million HUF. Distribution under...

Tens strength coffee: prohibited over forty
Date: 2010-11-22 13:13:56

A New York cafe created tens strength coffee; one could say: ten in one. It is a real caffeine concentrate. It’s serving is prohibited over 40, because it is dangerous...

New advertising tool in the Tesco parking lots
Date: 2010-11-22 13:10:52

Parking Média and Tesco signed a contract over the Parking Umbrella advertising surfaces. The device plays a dual role: first, the cars can park under it, and 30 square meters...

Coca-Cola recalls its American glass stocks
Date: 2010-11-22 13:00:26

Coca-Cola withdraws 22 thousand sets of glasses in the United States, because the coloring material in the glasses contain cadmium, that is hazardous to health. Although the company said in...

New forms of advertisement: product placements are coming!
Date: 2010-11-22 10:51:19

After the effects of the recession and a long period of stagnation, the advertisement market is recovering slowly, and in fact new forms of advertisements – for example product placements...

Hungarian companies participate at business forum in China
Date: 2010-11-22 10:24:36

Representatives from more than a twelve Hungarian companies and organizations met with Chinese counterparts at a business forum in Chongqing on Monday, deputy state secretary at the National Economy Ministry...

Postal prices might rise over 10% for some products from January
Date: 2010-11-22 10:00:53

Hungarian postal company Magyar Posta might raise their prices more than 10% for some services from January 2011, although the average increase is not to exceed the rate of inflation...

Econet plans 1.2 -2.2 billion HUF capital raise
Date: 2010-11-22 09:39:45

Econet.hu announced on Monday that they intend to raise 1.2 billion – HUF 2.2 billion HUF of capital in a private placement. The purchase price will be the turnover-weighted average...

A million restaurant critics
Date: 2010-11-19 23:48:57

A decade ago it was the print media’s privilege to publish critiques about a restaurant. With the appearance of the Internet and Web 2.0 surfaces the situation changed because anyone...

Hungarians will spend 34,000 HUF on Christmas gifts
Date: 2010-11-19 16:04:22

According to Árukereső.hu’s survey; This year, an average of 33,800 HUF is planned to spend on Christmas gifts. 79 percent of the Hungarian Internet users inquiries on the web, before...

Net earnings nearly increased by three percent
Date: 2010-11-19 16:01:58

Real wages – beside the 5.1 percent rise in consumer prices – rose by 2.9 percent in January-September, mainly due to changes in the rules of the personal income tax...

OECD: The growth of developed countries to slow down
Date: 2010-11-19 15:59:51

In the OECD, containing 33 developed countries, GDP growth forecast for next year modified to 2.3 percent from the former 2.8. The organization's experts expect a 2.5 percent growth for...

If New York is the standard, then the store rentals in Váci street are almost for free
Date: 2010-11-19 15:50:44

In the American and Asian continent, the retail space rents have increased in Europe a decrease can be observed. New York continues to be the most expensive. For a square...

Actions against the swindlers of the food industry
Date: 2010-11-19 15:15:34

The major agri-trade associations initiated a cooperation at the Customs and Finance Authority (VP), in order to fight against the increasing value-added tax and othar tax cheats – published the...

New yoghurt launched by Danone this year
Date: 2010-11-19 12:41:27

Danone launched Densia this autumn, and early sales indicators supplied by Mintel suggest the yoghurt is performing well. Densia differs from existing yoghurt products in its positioning. Instead of focusing...

Wonderful Cofee tradeshow will happen next year, too
Date: 2010-11-19 12:26:19

The first Wonderful Coffee tradeshow proved to be a great success last year, with its more than fifty exhibitors. The event will open its gates in 2011, again. There are...

Seasonal candies: Hungarian still prefer high quality chocolate
Date: 2010-11-19 12:23:53

In 2009, in spite of the recession,Hungarian customers payed more attention to quality when it comes to seasonal candies than ever before: they purchased twice as much candies made quality...

55 potential suppliers at Tesco Regional Supplier Forum
Date: 2010-11-19 12:21:30

The third Tesco Regional Supplier Forum was organized on 18th November in the city of Pécs. The event was followed by 55 traders and potential suppliers from he counties of...

New Coop outlet in Tiszasziget
Date: 2010-11-19 12:19:32

One of the greatest companies of Csongrád county, Coop Szeged Ltd. has opened a new outlet this week in Tiszasziget. COOP Szuper Áruház was built of a more than 200...

Tesco, Chicken and edification
Date: 2010-11-19 11:58:12

In recent days a number of media reported, that contaminated chicken were found at a Tesco store in Dunaújváros in mid-September. The company destroyed the total of 295 pounds of...

A rich Christmas is expected in Germany
Date: 2010-11-19 11:44:16

The Germans spend a total of 76.9 billion euros on Christmas gifts in November and December this year, 2.5 percent more than last year. According to the HDE retail association;...

Lidl continues the offensive
Date: 2010-11-19 11:11:24

It is planned, that fifty Lidl stores will be opened in Bulgaria, until February 2011 – reports Bloomberg. According to Milena Dragiiska, Bulgarian leader of the chain; Lidl would like...

Interview with Lászkó Kovács, president of MVI – video
Date: 2010-11-18 18:16:56

As we have pointed out before, the board members of the MVI (Association of Hungarian Caterers) have been elected on Monday, 15th November. President Tamás Háber, who has been in...

Spar, Pick, Coca-Cola – authenticity, recognition, responsibility
Date: 2010-11-18 16:14:31

According to the results of the second annual survey of B & P Braun & Partners Reputation Rating; The reputation of food companies in each of the five dimensions proved...

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Tesco plans to quadruple Chinese sales in 5 years