News and articles
Retail Sales grow in January
Date: 2009-02-12 08:02:28
According to a fresh survey the British retail sales rose in January for the first time since last May, but the increase was driven by food sales and heavy price...
Read more
Rosemary Award for 9 Hungarian restaurants
Date: 2009-02-11 10:24:34
The Hungarian National Tourist Office (HNTO) and the Floral Hungary Comitee confern a honor yearly one restaurant from each region, which has high quality gastronomy offer and particular environment. On...
Read more
Double digits grow at MasterCard Europe
Date: 2009-02-11 09:42:00
For the full-year 2008, the European region reported double-digit growth in company gross euro volume with 15.5 %, purchase volume with 15.7 %, purchase transactions with 13.2 % and cash...
Read more
Hungaricums on the web
Date: 2009-02-11 09:35:56
Yesterday Premium Hungaricum Society introduce its new on-line store and commercial establishment for the public in frame of a conference. The aim of the society, founded in 2004, is to...
Read more
Metro to launch delivery service in Germany
Date: 2009-02-11 09:00:00
The company will further adjust its wholesale activities to the changed requirements of its professional clients. Metro Cash & Carry has invested between more million euros in the infrastructure of...
Read more
Danone sees growth slowing in 2009
Date: 2009-02-11 08:50:00
The French company said net profit fell last year to €1.31 billion from €4.18 billion in 2007, when Danone earned €3.1 billion on the sale of its LU, Petit Dejeuner...
Read more
Kraft Freezes Top Executives' Salaries
Date: 2009-02-11 08:40:00
The food industry giant will freeze the salaries of Chief Executive Irene Rosenfeld and 18 other top managers in 2009, though remaining employees will receive raises. The decision to freeze...
Read more
Unilever products disappear from Delhaize Group's stores
Date: 2009-02-11 08:30:00
Delhaize Group has halted orders for 300 Unilever products from its stores in Belgium after annual price negotiations ended in deadlock. According to Unilever, Delhaize had already stopped orders for...
Read more
Spanish food & beverage sales grow in 2008
Date: 2009-02-11 08:28:00
The sector lost 5,000 jobs in the fourth quarter, out of a total 480,000 jobs. However jobs had been created during the first three quarters of the year. Sales of...
Read more
Hollywood helps toymakers to survive
Date: 2009-02-11 08:17:00
After a sad Christmas season world biggest toy makers forecast a better 2009, companies see several growth possibility thanks to the now comming Hollywood films as X-Men, Transformers 2, and...
Read more
Zwack repeats its 2007 accomplishment
Date: 2009-02-10 12:40:11
Company's first 9 months sales was HUF 26 billion, without excise duty it was HUF 17.4 billion. The growth was drived by own produced drinks. Zwack starts its business year...
Read more
Trade balance showed a surplus of 33 million euros
Date: 2009-02-10 12:22:08
According to KSH, national statistic office in December 2008, exports amounted to HUF 1,163 billion (EUR 4,371 million), while the value of imports reached HUF 1,186 billion (EUR 4,447 million)....
Read more
Gebrüder Weiss to develope in Dunaharaszti
Date: 2009-02-10 12:15:09
Austria's largest transport and logistics service provider has expanded capacities and started up a new regional logistics distribution centre in Dunaharaszti. The company informed the MTI (Hungarian News Agency), that...
Read more
The renovation of Szilvasvarad Castle finished
Date: 2009-02-10 11:53:08
The former Pallavicini castel reborn as 4 stars hotel and waits its guets from February. The renovation of the n neobaroque building costs almost HUF 2 billion. The main wing...
Read more
Procter & Gamble Puts Mr. Clean To Work Washing Cars
Date: 2009-02-10 10:08:02
Procter & Gamble Co. is expanding its Mr. Clean carwash concept nationwide, acquiring a carwash company and setting up a franchising subsidiary as the vehicles for its growth. P&G has...
Read more
Tesco to open new department store in Czech Republic
Date: 2009-02-10 09:53:43
According to Retail Week the new store to open at the end of February in Liberec, will carry a mix of fashion, home furnishings and food. The department store will...
Read more
CSR by price cut
Date: 2009-02-10 09:44:35
The retailer Mercator is adjusting its price policy, permanently lowering the prices of 2,800 products. The reductions cover products purchased by households for everyday use. The company has said that...
Read more
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
More guests, less income
Date: 2009-02-09 09:10:00
According to Hungarian Statistical Office in 2008, in public accommodation establishments the numbers of both international and domestic guests were higher than a year earlier, however, the number of tourist...
Read more
Burger King sales grow, profits fall in Q2
Date: 2009-02-09 09:02:14
Burger King has reported a worldwide comparable sales increase of 2.9%, including a 1.9% increase for the US and Canada for Q2 of fiscal 2009. The results were driven by...
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
