News and articles
Saxoo to open on new markets
Date: 2009-01-07 00:00:00
There are 32 Saxoo stores in Hungary and four in Slovakia. But the franchise aims to start expanding in Austria, France and Czech Republic. Swiss-owned Hungarian “club wear” franchise Saxoo...
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Plus stores will be SPAR supermarkets
Date: 2009-01-07 00:00:00
From 1th of January started the rebanding of the formel Plus stores. Spar Hungary singed an agreement for buying 174 Hungarian Plus stores in March 2008. After Bruessel”s green light...
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Asda presents supermarket clinic
Date: 2009-01-06 00:00:00
Wal-Mart-owned Asda is offering customers blood tests in one of its UK stores in a bid to cut hospital waiting times. The instore clinic, funded by the Health Service will...
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Danubius sold its London hotel share
Date: 2009-01-06 00:00:00
The hotel chain bought 25% share of the CP Regents Park Two Limited four years ago for GBP 5.1 million. Now the parent company of the Danubius, CP Holdings Ltd....
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Marks & Spencer 5.5% sales decreasing
Date: 2009-01-06 00:00:00
UK retailer Marks & Spencer is expected to report its worst Christmas sales figures for 10 years. The UK press has reported that the retailer is expected to report like-for-like...
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Pepsi and Beckham Finish the Relationship
Date: 2009-01-06 00:00:00
PepsiCo Inc said it is ending its endorsement relationship with English soccer star David Beckham after 10 years in a move described as mutual by both sides. Terms of Beckham's...
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No rice absence to wait
Date: 2009-01-06 00:00:00
Vietnam could export more than 5 million tonnes of rice in 2009, up at least 6.4 percent from last year, a state-run newspaper said. In 2008 Vietnam exported 4.72 million...
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Next British clothes retail chain in trouble
Date: 2009-01-06 00:00:00
Adams Childrenswear has closed 111 of its stores in UK. As a result of the closures, 850 members of staff have been made redundant with immediate effect. Adams blamed the...
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Hungarians are less happy than the European average
Date: 2009-01-06 00:00:00
The 51-country Nielsen happiness study, which polled 28,153 respondents online in May 2008, found that globally, women are happier than men in 48 of the surveyed countries. Hungarians are most...
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Winter specialists from Nespresso
Date: 2009-01-06 00:00:00
Building on its expertise of delivering highest-quality coffees, Nestlé Nespresso S.A. introduced an exclusive collection of fine, luxury sweets for its Hungarian customers. Nespresso has just introduced the seasonal flavors...
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Germany under negative watch by Coface
Date: 2009-01-06 00:00:00
Following in the footsteps of France – under negative watch since October 2008, Germany was the last major Western European country to have the best Coface country rating. Weakened by...
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Tender for protecting innovation
Date: 2009-01-05 00:00:00
This special source could pay 45% of the total cost of technology developments. The summ is non-refundable. The aim of the construction is to protect the innovation operation of the...
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ALDI US opens units in NYC
Date: 2009-01-05 00:00:00
According to a report in the Financial Times, Aldi hopes to open its first store in New York City in the course of 2009, as it continues its steady US...
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Asda cuts prices on 1,000 essential items
Date: 2009-01-05 00:00:00
The range of reduced items includes 200 health & beauty items, 100 frozen food lines and three-packs of selected fresh meats or bottles of wine. In the UK, Wal-Mart owned...
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Earnings at U.S. retailers will fall 20 percent in 2009
Date: 2009-01-05 00:00:00
The International Council of Shopping Centers in New York predicts 73,000 U.S. stores may shut in the first half of 2009 after what may have been the worst holiday-shopping season...
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Global manufacturing PMI fell to new low
Date: 2009-01-05 00:00:00
The PMI for Eurozone manufacturing sector fell to 33.9 in December from 35.6 in November. The current reading was the lowest since 1998, when the survey started. The Purchasing Managers...
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NO Sunday shopping in Croatia
Date: 2009-01-05 00:00:00
Retailers complain the new law will adversely affect the economy, forcing layoff and shop closings. They want a repealing of the new law. The law was passed Dec 30 after...
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Extrem big Christmas Shopping
Date: 2009-01-05 00:00:00
December retail sales in Hungary may exceed HUF 900 million, the biggest collective Christmas spending spree for the nation ever. According to National Retail Association Secretary György Vámos this year...
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Year of liquidations comes?
Date: 2009-01-05 00:00:00
Last year 11,504 firms were liquidated, only in the last quarter more than 3,400. According to Opten Informatic Ltd. the year 2009 will be worse, because the Hungarian SMEs has...
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MOL expands its petrolstation chain in Austria
Date: 2009-01-02 00:00:00
Hungarian petrol company MOL has signed a deal to acquire 26 gas stations in Austria from Italian fuel retailer ENI in exchange for 10 of its own stations in Romania....
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ALDI plans to expand in US
Date: 2009-01-02 00:00:00
Germany-based Aldi is looking to grow its portfolio of stores in Memphis in the US. The discount retailer recently purchased a site in Collierville for USD1 million where it will...
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KFC opens 200th Store in Beijing
Date: 2009-01-02 00:00:00
The company had earlier announced that it plans to open 500 KFC stores in China in 2009. In China, Yum! Brands-owned Kentucky Fried Chicken (KFC) has opened its 200th store...
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Russian retailers are cautious about new store openings
Date: 2009-01-02 00:00:00
The most chain is thinking in smaller shops againt big hypermarkets. Leading Russian retail chains have become more cautious about opening new stores and many companies have abandoned high-cost projects....
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Goverment doubled the state support by Széchenyi Card
Date: 2009-01-02 00:00:00
The states supported credit facility provides micro-, small- and medium enterprises. In 2002 VOSZ (National Organization of Entrepreneurs and Employers ) and MKIK (Hungarian Chamber of Commerce and Industry )...
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Award for Coca-Cola HBC's healthcare program
Date: 2009-01-02 00:00:00
The drink giant started its „Weak up your body!' program in 2006, the aim was to popularise the healthy life style and help employees to protect their healthy. The American...
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Pay-as-you-go computing by Microsoft
Date: 2009-01-02 00:00:00
Microsoft is trying to patent a method that lets users pay for software and hardware based on how much they use. The method tracks hardware usage of disk storage space,...
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Optimistic COOP leaders in Switzerland
Date: 2009-01-02 00:00:00
The Swiss retailer expects the company to grow by between 2% and 3% over 2009. The CEO of Swiss retailer Coop, Hansueli Loosli, is positive about the company’s performance in...
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Hungarian consumer confidence plummets
Date: 2008-12-31 00:00:00
The quarterly Hungarian consumer confidence index slid 22.7 percentage points to 70.9 percent in the fourth quarter, Ecostat told. The index was nevertheless above 66.5 percent recorded in the third...
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WAL-MART soon starts in Russia
Date: 2008-12-31 00:00:00
Wal-Mart has joined the Russian retail association, the lobby group said, the latest in a series of moves indicating the world's largest retailer's interest in expanding into Russia. Members of...
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Prénatal to open shop in Budapest
Date: 2008-12-31 00:00:00
The French based chain is specialized in the sale of products for mothers and children, now is looking for Hungarian partner. The Prénatal brand, established in 1947 in France, has...
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