News and articles
Burger King to open new stores in Romania
Date: 2009-02-03 09:03:37
Burger King franchiser Atlantic Restaurant Systems is accelerating its development plans, announcing eight fast food restaurants by March. Almost a year ago Atlantic Restaurant System planned to open five stores...
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Coke Drops ‘Classic’ Tag From Branding
Date: 2009-02-03 08:51:17
The change was part of “a broader plan and strategy to revitalize the brand. Coca-Cola Co has announced that it will no longer carry the word ‘Classic’ on packages of...
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Procter & Gamble to invest 50 million dollars in Romania
Date: 2009-02-03 08:32:44
The international company to built a factory processing shampoo and other hair car products in Urlati. The P&G factory, the construction of which started yesterday, will employ 150 people at...
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US consumer spending in six month row
Date: 2009-02-03 08:21:52
According to government data consumption expenditures fell by 1.0 percent in December from the previous month. Personal income also contracted for the third consecutive month at 0.2 percent in December,...
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Woolworths to reopen online
Date: 2009-02-03 03:32:24
A month after the shutters came down on the last Woolworths store, Shop Direct have paid between £5 million and £10 million for the Woolworths brand name. Shop Direct refused...
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Henkel sell its plant in Barcs
Date: 2009-02-02 09:15:00
According to local daily Somogyi Hírlap Henkel has decided to shut down its plant in the Hungarian city of Barcs because of falling demand on export markets. Company wants to...
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In 2008 sales prices of food industry grow by 10.4%
Date: 2009-02-02 08:27:40
Domestic sales prices of industry decreased by 1.6% in December 2008 compared to the previous month and were 8.3% higher than in December 2007. Export sales prices of industry...
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Expectations hit bottom again
Date: 2009-02-02 08:20:00
In industry, the plunge of the confidence index slowed down notably in December, but in January the index set to go south again. The value of GKI’s economic sentiment index...
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This year no Starbucks in Budapest
Date: 2009-02-02 08:18:00
According to business daily Világgazdaság, the company postpone the opening of the Budapest cafe indefinitely. Starbucks would operate the store in franchise by American Restaurant Holding, but the profiatbility of...
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Switch off! campaign – also at Borsodi Brewery
Date: 2009-02-02 08:09:00
The company joined to common program of the EU and the Foreign Office. The aim of the action is to turn inhabitans attention on the energy saving. In frame of...
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TESCO to sell clothes online
Date: 2009-02-02 08:02:00
Tesco is to launch an online fashion store, committed to selling its own labels. Tesco had a sucessful trial last year, which demonstrated that there was demand for the online...
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SABMiller Gains Control Of Romanian Brewer
Date: 2009-02-02 06:52:00
Brewing giant SABMiller has acquired a 71% stake in local brewer Bere Azuga, producer of Azuga and Valea Prahovei beers. The deal was conducted through SABMiller’s local unit Ursus Breweries....
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Russian consumer confidence index fall
Date: 2009-02-02 04:00:33
According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008. The Nielsen survey said the consumer confidence index fell to 88 in...
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Corporate travelers spend less money for hotels and stay for shorter time
Date: 2009-02-02 02:44:36
Average length of stay declined notably from 1.9 to 1.5 nights per stay in 2008, reflecting a trend for shorter business trips as companies adopt more stringent travel policies. Despite...
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Subway To expand in Britain
Date: 2009-02-02 02:41:00
Sandwich chain plans to open up to 600 new stores in the UK and the Irish Republic within the next two years. Subway, which has more than 1,400 outlets owned...
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Next week closes the final meeting about Food codex
Date: 2009-01-30 08:14:59
Yesterday the comittee have to recess the meeting suites because ot the extraordinarily day in the Parliament. Members of the commitee are specialist of the ministry, representatives of the farmers,...
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Hungarian NO for GM maize
Date: 2009-01-30 07:56:34
In spite of EU comission's warning Hungary will not repeal the cultivation ban for MON 810 maize hibrid – said Zoltán Gőgös for business daily Világgazdaság. Last week EU called...
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Confidence continues to worsen
Date: 2009-01-30 05:41:24
According to Ecostat's latest measure of confidence reveals the sentiment at Hungary's biggest companies as well as at SMEs continued to worsen in January. Ecostat's TOP-100 measure of confidence at...
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HUF 15 million fine for Tesco
Date: 2009-01-30 05:23:10
The National Communications Authority, Hungary (NCAH) imposed a penalty for Tesco, because it sold, against the prohibition, such radio equipments, wich were not comply with requirements. NCAH controlled the Technika...
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Pannonhalmi Wine Region makes marketing campaign
Date: 2009-01-30 05:07:20
The wine-growing community won money from the Hungarian Agrarmarketing Centre for building a new image and making a website for the wine region. The new logo of the wine region...
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Ten largest retailers raise 2008 sales by 8%
Date: 2009-01-30 04:53:16
The ten largest retail chains in Czech Republic raised sales by Kc23.2bn year-on-year to a record Kc312.2bn in 2008, according to preliminary results released by analytical company Incoma Research and...
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X5 Retail group merge Kopeika?
Date: 2009-01-30 04:44:33
After a dynamic developing in the country X5 would buy its biggest competitor. According to reports in the Russian media, X5 Retail Group has been negotiating with Kopeika about a...
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Starbucks to close another 300 stores
Date: 2009-01-30 04:15:33
Starbucks, will cut 6,700 jobs and close 300 more stores after reporting first-quarter profit that fell more than analysts estimated. Last quater company had only USD 64.3 million nettó sales,...
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Standard Vodka exists Russia
Date: 2009-01-30 03:59:52
The company will introduce the Russian Standard brand in countries such as Canada, and expects this to help boost sales by 30-50% this year. It plans to invest $100m this...
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The Hungarian Poultry Product Board takes legal action
Date: 2009-01-29 05:55:00
Last week at Grüne Woche exhibiton in Berlin Hungarian goverment made efforts to promote the Hungary's position on goose liver producers. Also Four Claws, Austrian animal rights activists protest agains...
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ÉFOSZ is bitterly against vat increasing
Date: 2009-01-29 05:40:00
The Federation of Hungarian Food Industries (EFOSZ) is opposed to 5% vat increase for stabilize the Hungarian economy and the budget. The federation said today the Hungarian vat is higher...
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Professional training near to the market's request
Date: 2009-01-29 05:35:00
The ministry of work developes a new education program for professional training together with represents of the employers. Last year more than 40,000 professinal trained people got unemployment benefit, lot...
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Active young men spent the most for Christmas
Date: 2009-01-29 05:25:00
According to on-line study of Szonda Ipsos research company, 24% of Hungarian save money during the year for Christmas shopping, 4% of the responders borrowed. 20% of the responders spent...
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Deko-Food closes its bean processor unit
Date: 2009-01-29 05:00:00
The company fires 40 people, first of all semi-skilled laborer, but also some administrative employees lost their jobs. The bean processing unit worked since 3 years with loss, and last...
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Restaurants can join to “Gluttonous Thursday” action till 24th February
Date: 2009-01-29 04:00:00
Up to the present more than 1,000 restaurant link on to the action, announced by the Hungarian turism organisation. Restaurants can register till 12.00 am 24th February on the www.menjunkenni.hu...
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