News and articles
Happy Anheuser-Busch InBev
Date: 2008-07-15 00:00:00
InBev NV agreed to buy Anheuser- Busch Cos. in a $52 billion transaction that will make the Belgian company the top brewer. The $70-a-share purchase announced today will give...
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Penta to acquire Pápai Hús
Date: 2008-07-15 00:00:00
The Slovak firm was the only company to submit a bid for Pápai Hús, whose published asking price is Ft 5 billion. The liquidator Vectigalis has begun negotiations with Slovak...
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Fresh Potato in Chio Chips' Sachets
Date: 2008-07-15 00:00:00
Contrary to last two years shutdown because of missing raw materials, this year the Hungary's only potato chips plant works in all season. In 2006 and 2007 the Chio Hungary's...
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Henkel official partner of Expo Zaragoza
Date: 2008-07-15 00:00:00
Participation in Expo 2008 underlines commitment of the company to protecting water resources. The doors of the world exhibition in Zaragoza, northern Spain, remain open until September 14, 2008. Henkel...
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The financial crisis is confirmed in Europe and is spreading
Date: 2008-07-15 00:00:00
Coface has reduced Spain, Estonia, Latvia and placed Portugal, Denmark, South-Africa and Vietnam under negative watch. In Europe, the financial crisis is dragging Spain down, which is pulling Portugal...
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Hungrana to Process Yearly One Million Tons of Corn
Date: 2008-07-15 00:00:00
Based on the start-up of the new production capacities, Hungrana now operates as Europe's largest producer for corn starch and isoglucose. Total investments in the project amounted to approximately...
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Light enjoy by Milli
Date: 2008-07-15 00:00:00
Friesland Hungária focuses on healt by developing new products, now here comes the light version of the popular Milli Yoghurts, the Milla Mia. Companies bring day to day bring...
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MOL-Marché Restaurant near to Budapest
Date: 2008-07-15 00:00:00
The 3th common restaurant was open at Wienne side of the M1 motorway, at 22th kilometers. At the end of August 2007, Marché International and MOL signed a Memorandum...
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New Tesco Store in Dabas
Date: 2008-07-15 00:00:00
Almost 160 people work at the 3,000 sqm big unit, laying at the high street Nr. 5. closer to Budapest. It is Tesco's 79th store in Hungary, the unit is...
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Starbucks to Enter Bulgarian Market by End of 2008
Date: 2008-07-14 00:00:00
In 2007 the Starbucks Europe, Middle East and Africa division recently extended its joint venture agreement with the Marinopoulos Group to open stores in Bulgaria. According to the Greek newspaper...
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Record Dividend Payment by Zwack Unicum
Date: 2008-07-14 00:00:00
The company pays a 110% dividend against the nominal value of its common and redeemable liquidation preference shares, i.e. the gross amount of the dividend for a share of with...
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German Anti-Cartel Office Fines Cosmetic Firms
Date: 2008-07-14 00:00:00
Germany's Federal Cartel Office has fined the German units of nine cosmetics companies including Chanel and L'Oréal a total of almost 10 million euros for sharing strategic information. Individual fines...
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Season starts with scandal
Date: 2008-07-14 00:00:00
Auchan offered watermelon by HUF 49, what is a dumping price – said the growers, who protested with gushing a ton of watermelon in front of the an Auchan store....
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Significant Growth by Using Holiday Cheques
Date: 2008-07-14 00:00:00
Almost 3,000 suppliers offer services for tourists paying by Holiday Cheques at the Lake Balaton. Cheques often hit more than their nominal value. Tourist can pay by HC not only...
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Henkel: Quality and CSR
Date: 2008-07-14 00:00:00
For development work to be classed as “responsible”, it needs to take into account not only the economic perspective but also ecological and social aspects. From this days Henkel...
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Malaysian fish is not safe
Date: 2008-07-14 00:00:00
EU temporarily bans Malaysian fish imports for failing to meet its standards. A Malaysian fisheries department official said the decision was made after EU veterinary and food officials conducted...
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Almost 7% inflation in the first HY
Date: 2008-07-14 00:00:00
In June 2008 consumer prices rose by 0.1% compared to the previous month and increased by 6.7% compared to June 2007. In June 2008 compared to the previous month food...
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Simplified EU Rules for Authorising Food Additives
Date: 2008-07-11 00:00:00
The European Parliament has adopted a legislative package that will see products containing any of six artificial colours labelled with a health warning. The decision to put a warning on...
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EU Working Group of Ministers about GMO
Date: 2008-07-11 00:00:00
Paris has announced the creation of a “group of friends of the presidency” to consider the EU's GMO authorisation process, which it wants to take better account of “local specificities”...
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Carrefour's shares fell to lowest
Date: 2008-07-11 00:00:00
Europe's biggest retailer's second-quarter sales growth slowed on weaker spending at its French superstores. Sales rose only 6 percent to 23.7 billion euros. Carrefour has a 10 percent increase...
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Agrana warns about EBIT plunge
Date: 2008-07-11 00:00:00
Reasons for unfavourable developments in the markets for Agrana's products are the persistent volatility in raw materials and the powerful rise in energy prices, all of which squeeze profit margins....
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Delhaize eyes east Europe retailers
Date: 2008-07-11 00:00:00
According to Dutch newspaper, Het Financieele Dagblad, the company is looking for aqusiton in the region. Chief executive Pierre-Olivier Beckers told the paper: "We are in no rush and...
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Marriott International's Worldwide REVPAR rose 5.6%, but profit decreased
Date: 2008-07-11 00:00:00
Outside North America, company-operated comparable REVPAR increased 15.5 percent with double-digit growth in South and Central America, the Middle East and several markets in Asia. Marriott International, Inc. reported income...
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Top Five Luxury Brands
Date: 2008-07-10 00:00:00
According to Forbes list these brands not only deliver fat revenues and profit margins, they also attract loyal consumers. The new fans come from Brazil, China, Russia and India. ...
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Hungary consumer confidence improves in Q2
Date: 2008-07-10 00:00:00
Although consumer confidence in Hungary rose in the Q2 of 2008, households Purchasing Propensity Index shows a decreasing tendency and reached its second lowest value since 2002, a survey by...
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Hungarian R&D companies have better business environment as before
Date: 2008-07-10 00:00:00
The in 2005 legislated innovation act helps to bring academic researches near to the practice. The spin-off and start-up firms are day to day more dynamic. JEREMIE starts this...
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LG Display Q2 net profit surges
Date: 2008-07-10 00:00:00
South Korea's LG Display Co Ltd's reported a $738.3 million net profit in the second quarter to June 30. The figure is close to the company's record quarterly profit...
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5% revenue increase at Pepsi Bottling Group
Date: 2008-07-10 00:00:00
PBG reported second quarter 2008 revenue of $3.5 billion, a five percent increase over prior year, net income was $174 million. PBG reported net revenue per case growth of eight...
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Heineken Plans To Restate S&N Accounts
Date: 2008-07-10 00:00:00
Dutch brewer plans to restate accounts for its newly acquired Scottish & Newcastle (S&N). "We are assessing the assets we have bought and we are putting them in light of...
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Construction goes on at Baglioni Hotel Rácz
Date: 2008-07-10 00:00:00
After six months of delay caused by new construction plans construction of the Baglioni Rácz Hotel has restarted. Some minor changes in the architectural plan have been executed and the...
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