News and articles

Cafe culture center by Tchibo in MOM Park

Tchibo opened its third Coffee shop in Budapest in MOM Park Mall, where costumers can enjoy the Tchibo Klassik range to the complete Privat Kaffee premium range.   Hungarian drink...

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The on-line sales of FMCG products is in its infancy in Hungary

According to E-Shopping Report 2008 the Hungarian net shoppers buy first of all technical equipments (38%), DVD (36%), movie, theater and airtickets (12%).  Only 15% of daily net users bought...

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Praktiker won Superbrand Award

The first Praktiker store was opened in 1978 in Luxembourg. Since that company has 427 units in 9 countries. In Hungary Praktiker started in 1998, now 17 stores belongs to...

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M-real Consumer Packaging has launched new fully wet strength label papers

Simcastor Label WS, a supercalendered label, and Simcastor Label WSE, a linen embossed label, aimed at the expanding beer and beverage market.Both Simcastor Label WS and Simcastor Label WSE offer...

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Profit Down at Electrolux

Europe's biggest appliance maker, reported second-quarter profit that missed analyst estimates and reduced its full-year earnings forecast after sales of refrigerators and cookers declined in the U.S. and Europe.Electrolux fell...

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McDonald's Franchisee Fined $1M for Hiring Illegal Aliens

Immigration and Customs Enforcement agents raided 11 McDonald's restaurants in the Reno, Nevada, area in September and arrested 58 illegal immigrants. Two executives and the corporate owner of northern Nevada...

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Agreement between Auchan and the Growers

Leaders of the hypermarketchain promissed not to buy watermelon under HUF 30. Suppliers must to show the documents of origin and the spraying register.   From today the outdoor ads...

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Consumers don't Understand Contactless Credit Card Technology

Only 3% of the population is familiar with contactless technology. After reading an explanatory paragraph about contactless payments technology, consumers were 7 times more likely to want a contactless card...

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Gillette widens reach with hair and body care ranges

Gillette is moving beyond the razor blade and deeper into the bathroom with the launch of hair care and body wash product lines.  Procter and Gamble (P&G) bought the shaving...

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The hottest place to be is below zero, enjoying the Heineken® Extra Cold Experience

The Heineken® Extra Cold Experience is arrived at Budapest, a redesigned truck that offers an unforgettable product and brand experience in relation to Heineken® Extra Cold beer.   Heineken® Extra...

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HUF 105 Million fine because of Bonux detergent's ad in 2005

According to the court of appeal the competion authority rightly found Procter&Gamble Magyarország Kkt. guilty in bewildering the consumers about Bonux detergent's excellent effect.   Hungary's competion authority (GVH) has...

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Tesco's first strip mall in Balatonboglár

The 80th Tesco unit is an unique kind of shop yet in Hungary, there are small butiques not only in front of chasiers but also outside of the building.  The...

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Nordzucker to pay 750 million euros for Danisco's sugar business

Germany's second largest sugar refiner Nordzucker has bought the sugar business of Danish food group Danisco. The takeover should be completed inside six months. Nordzucker was the sole bidder for...

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Romanian Altex revises estimated turnover down by 30m euros

The largest electronics and home appliances retailer on the local market, has downwardly revised its estimates for this year's turnover to 400 million euros, after, at the beginning of 2008,...

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France Ends 12-Year Ban on Red Bull

Energy drink Red Bull appeared in its original recipe in France's shops for the first time on Tuesday, implementing European regulations. The drink had been banned in France for twelve...

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Parmalat Shares Hit Record Low

Shares in Italy's Parmalat slumped to their lowest level since the dairy group's 2005 restructuring, after the company cut its 2008 outlook for sales and core profit due to a...

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GfK Hungary is a Business Superbrand

According to the jurey GfK Hungary represents quality and trustiness in the business life. The essential components that define a Business Superbrand – quality, reliability and distinction – help make...

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HUF 1 million Award from Tchibo

Costumers of Tchibo products could take part in a winner game with buying Tchibo products in Tesco hypermarkets.  Products showed on a yellow wall brought lucky for many people, most...

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II.Pilsner Urquell – HoReCa Regatta

The compatition on 26th July in Balatonlelle is sponsored by Dreher Brewery, patroned by Hotel Association of Hungary and the Hungarian Hospitality Association.  It is the second season of the...

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Tip in the annual tax return

According the Hungarian Tax Authority employes in the domestic catering service got HUF 1 billion tip in 2007.   This year almost 4,000 waiters avowed average HUF 24,000/month tip thinking...

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Low Marketing Budget at Hungarian Firms

Altough the role of the marketing is year to year more important in companies' life, but it isn't traceable in the companies' decision structure or in financial protection of the...

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Retail ventures are stain on liquidity

According to Coface Hungary the number of proceeding because of insolvency grow by 13% in the first half of 2008 in Hungary.  The most insolvency proceedings, starting this year, stem...

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EasyHotel to develop 10 outlets with Eclipse

The budget hotel chain has signed a £60m franchise agreement with Eclipse to develop 10 hotels across the UK in the next four years.  The deal with Eclipse, which already...

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Watermelon Protest Against Auchan

Suppliers from Békés and Jászság region covered 21 truck of watermelon in front of warehouse, the half of the parkplaces are laced by the fruit.  The growers protest against Auchan's...

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Czech Bochemie to buy EVM

Bochemie is the market leader by producer of disinfectants, cleaning products in Czech Republik and Slovakia. With the acqusition company get the well known Hungarian brands as Bip, Ultra and...

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TriestEspresso Expo

The event between the 13th and the 15th of November 2008 is the Number 1 biennial B2B exhibition in the theme of the espresso coffee trade industry.   Trieste will...

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Levi's Profits Fall

US jeans maker Levi Strauss posted a 98 per cent drop in quarterly net profit. The company cited weak consumer spending in major global markets, including the United States.  ...

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Record Low Shows DATAWATCH ZEW

The ZEW index dropped to -63.9 in July from -52.4 in June, declining for the fourth month in succession and setting a new record low for the series.   The...

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In May 2008, the industrial gross output increased by 4.7%

The volume of the production was higher by 6.9% in the first five months of 2008 than in the same period of the previous year.  The volume of industrial production...

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