News and articles
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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IKEA actions
Date: 2009-08-12 00:01:00
The renewed IKEA on Örs vezér Square waiting its customers from 10 am to 10 pm on 13th August. The Budaörs store operates the same opening hours. The Swedish-owned chains...
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New Commercial Director at Saga Foods Ltd.
Date: 2009-08-12 00:00:30
From 10th August 2009, Vajdahunyadi Csaba (45) leads the Saga Foods sales team. The expert who has MBA graduate, started his professional trading career as the regional representative for Procter...
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The retail sales of cleaners and hair dyes increased extremely
Date: 2009-08-11 00:06:12
According to Nielsen Market Research Company, the retail turnover of household chemical goods and cosmetics grew by 3 percent approaching 300 million HUF per year. Nielsen based its survey on...
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Hungarian tourism had a bad year
Date: 2009-08-11 00:06:00
According to the informations of the Central Statistical Office; during the first half of 2009, 14 percent less than foreign tourists visited Hungary and the number of domestic visitors decreased...
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The National Trade Association afraid of bankruptcy wave
Date: 2009-08-11 00:05:22
According to Vámos György the Secretary-General of the National Trade Association, the damage caused by the two-digit VAT increase will bankrupt traders, entrepreneurs, especially retailers. One of the chain of...
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Wineries not dare to improve
Date: 2009-08-11 00:04:30
Wineries’ planned investments of this year can fail. Banks cut back on their lending activities due to the crisis, so capital poor wineries will not have excess despite having successful...
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McDonald's: Increasing turnover and share price
Date: 2009-08-11 00:04:10
In July, McDonald's continued to rise its revenues. Thanks to the increasing demand for hamburger and coffee, the company's sales increased by 4.3 percent, which exceeded the expectations of analysts....
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The creditors of FoodExpress can only get the fraction of their claims
Date: 2009-08-11 00:02:30
Thirteen creditors with a total value of 823 million HUF submitted a claim on the liquidation of the Food Express, Hungary (FEH) Ltd. until deadline – reports the liquidator Csabaholding...
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A decreasing interest on cereals
Date: 2009-08-11 00:01:20
According to the Hungarian Chamber of Agriculture; wheat’s price is 30 thousand HUF per tonne due to the small demand for grain. The price of autumn barley is only 25...
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Due to a dispute the production of Szobi Syrup can not start
Date: 2009-08-11 00:01:00
According to the new owner; at the Szobi Syrup Ltd., production still can not restart due to a dispute, even though the plan for this year was a turnover of...
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