News and articles
No real estate tax in Hungary in 2008
Date: 2007-09-03 00:00:00
The Hungarian government will not introduce a real estate tax in January 2008, but talks between the governing coalition parties continue about the lowering the threshold for luxury tax. ...
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Toys 'R' Us Recalls Chinese Art Sets
Date: 2007-09-03 00:00:00
Wayne-based Toys “R” Us Inc. and the U.S. Consumer Product Safety Commission said printed ink on the packaging of the Imaginarium Wooden Coloring Cases also contained lead. The 213-item set...
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Dunkin' Donuts develops new zero trans oil
Date: 2007-09-03 00:00:00
US-based Dunkin' Brands has developed a new oil in order to create trans-free fat bakery products without sacrificing quality, flavour and taste, the company said this week. The Dunkin'...
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Statistically safer to eat at big-chain fast-food joints
Date: 2007-09-03 00:00:00
There are about 76 million cases of food-borne illness — ranging from an upset tummy to kidney failure and death — each year in the United States, according to estimates...
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The biggest are the most optimist
Date: 2007-08-31 00:00:00
Ecostat TOP-100 index of business-activity rose to 103.4% in August, which meant a 3% rise compared to July's results. The index of business activity measured 80.4 % last August. Calculations...
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Coca-Cola to close concentrates plant near to Dublin
Date: 2007-08-31 00:00:00
The beverage giant would shut down one of its three ingredients plants in Ireland. The company will shift the production of concentrates from the 30-year-old plant in Drogheda, north of...
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EU asks food shops to act 'responsibly' on prices
Date: 2007-08-31 00:00:00
Europe's farm chief called on retailers not to make European Union's (EU) consumers pay excessively for staple foods such as bread and milk despite recent surges in international grain and...
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Hungary's Industrial Producer Prices Stagnated in the Summer
Date: 2007-08-31 00:00:00
According to KSH the domestic sales prices slightly rose by 0.1% in July 2007 compared to the previous month, and by 6.2% compared to July 2006. The export sales...
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“Challenging” UK, US but InBev still up in Q2
Date: 2007-08-31 00:00:00
The Belgium-based brewer has reported a strong showing in its second quarter, despite “challenging conditions” in both the UK and US. Sales in the period rose by 7.6% in...
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Cadbury to buy Intergum
Date: 2007-08-30 00:00:00
Cadbury's planned acquisition of the Turkey-based chewing gum manufacturer Intergum has been approved by the competition regulator. Cadbury announced the proposed 333m acquisition in June this year, claiming the move...
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Run on furniture – especially at IKEA
Date: 2007-08-30 00:00:00
The Hungarian IKEA has reported HUF 38.6 billion revenues for its financial year ending 31 August, which is a 16% increase from FY2006. IKEA Lakberendezési Kft. had 4.7 million customers...
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Rotten Meat scandal in Germany
Date: 2007-08-30 00:00:00
The rotten meat would be sold for Turkish doner kebab restaurants. Authorities had confiscated more than 11 tons of beef and turkey meat at a company based in the southern...
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Heineken fixed its 20-25% profit growth forecast
Date: 2007-08-30 00:00:00
The Holland-based brewer said that net profit for the six months to the end of June fell markedly, by 30.4% year-on-year, to EUR302m, although net profit took a hammering from...
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Royal Unibrew buys Latvian brewery Livu Alus
Date: 2007-08-30 00:00:00
The Danish brewer Royal Unibrew AS bought Latvia's third-largest brewery Livu Alus for 130 mln dkr. The acquisition, which is subject to approval by relevant authorities, is expected to be...
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Bioethanol at Tesco from Monday
Date: 2007-08-30 00:00:00
The Tesco Megapark in Pesterzsebet will be the first Hungrian and east-european gas station of Tesco where the green friendly drives can buy bioethanol. Europe second biggest hypermarket chain is...
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In contempt of restrictions sales grew in hypermarkets
Date: 2007-08-30 00:00:00
According to annalist this is the year of discounters in the Hungarian retail. Nielsen datas show that the share of stores over 400 m2 grew with 2%, the 2500 m2...
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Cold, but big business – eiscream
Date: 2007-08-30 00:00:00
Researcher Euromonitor figures that global ice cream sales are rising 2.5% annually and will hit $65 billion in 2010. Today, the $59 billion ice cream industry is dominated by two...
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Sugar free Coke turning 25
Date: 2007-08-29 08:00:00
Coca-Cola light was the first sugar free soft drink to appear in 1982. Today, 119 million glasses are consumed daily in 173 countries. Coca Cola light is the market leader...
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With buffaloes into the Hungarian market
Date: 2007-08-29 08:00:00
Bols Hungary Kft. began selling one of the best known Polish vodka brands, Zubrowka in June. This is a premium brand sold in over 30 countries, achieving growth of over...
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Increasingly specialised hair care – bigger challenge for marketing
Date: 2007-08-29 08:00:00
Buying a shampoo is no longer a simple task. The increasing number of products in this category pose a major challenge for marketing professionals. More shine is an advantage emphasised...
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Potato price on the peak
Date: 2007-08-29 08:00:00
The price of agricultural produce grew by 8,1 per cent in January-May, compared to the same period last year. The price of products made from plants increased by 14,2 per...
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Sédvölgyi Sonka
Date: 2007-08-29 08:00:00
Made from 100 per cent pork, Hungarian style flavouring. Available in modernised packaging, in 500 and 300 gram sizes....
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Hungarian consumers changing
Date: 2007-08-29 08:00:00
Hungarian consumers have changed as much in the past 15-20 years as average European consumers have in 50 years- said Ákos Kozák, director of GfK Hungária Piackutató Intézet at the...
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New leader for Metro
Date: 2007-08-29 08:00:00
José Maria Cervera (42) will become the new CEO of Metro Cash & Carry Hungary on 1. August. The new CEO had worked in various positions for the Spanish Makro...
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Rendezvous for beverage manufacturers in Nürnberg
Date: 2007-08-29 08:00:00
The BRAU Beviale exhibition to be held in Nürnberg, between 14-16 November will be the meeting place for the European beverage industry. 1,400 exhibitors and over 36,000 visitors are expected...
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Pre-packaged meat dominant
Date: 2007-08-29 08:00:00
Retail sales of meat products are growing. Nielsen market research has registered a growth of 8 per cent in terms of value, in compared to a year ago. For the...
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Well groomed body with well groomed brands
Date: 2007-08-29 08:00:00
Tanned and shiny skin is the trend again, if we believe what we see in the new segment of the body lotion category, where marketing activities increasingly focus on attractiveness....
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No change in rankings according to purchasing power
Date: 2007-08-29 08:00:00
According to a recent survey by the GfK group, no major changes have taken place on the list of counties ranked according to purchasing power. Budapest and Győr-Moson-Sopron county are...
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Sajtos pulyka grill kolbász
Date: 2007-08-29 08:00:00
Practical size product, made 100 per cent from turkey, packaged on plastic tray with vacuum foil....
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