News and articles
The first Tchibo Store Outside of the Capital is open in Pécs
Date: 2008-06-13 00:00:00
In the unit at the Árkád mall in Pécs customers can choose between the best coffeemix from South- America and Africa. Tchibo is present with the brand in Hungary since...
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Beer Culture Champion Wanted!
Date: 2008-06-13 00:00:00
Tasting beers, beer show, scenic exhibitions and jazz concerts wait the visitors of Sant Arnold's Beer Festival in Buda Castle on 15th June. Also famous radiopersonality Levente Harsanyi takes part...
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KiK Textil discount soon in Hungary
Date: 2008-06-13 00:00:00
The German KiK (Costumer is the king) is now looking for its Hungarian employers. According its plans yearly 300 new stores will be open. The German company has several stores,...
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Successful year behind OBI Hungary
Date: 2008-06-12 00:00:00
In the last business year, ended on 30th April 2008 OBI had HUF 53.7 billion revenue, 16 million visitors in the 21 stores, from them 8.3 millio were customers. In...
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Hungarian companies pay to late
Date: 2008-06-12 00:00:00
Among the researched contries in Hungary is the biggest different between the planned and real payment. Atradius made this research at 1200 companyies from SMEs to giants in Austria, Hungary,...
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Mobile Phone to Be New 'Fourth Channel' for Revenue
Date: 2008-06-12 00:00:00
Mobile devices represent a major growth opportunity for the retail industry by providing a new purchasing channel for consumers, a Cisco study reveals. The company's third annual e-commerce study...
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Procter & Gamble outsources its IT works for 650-million-dollar
Date: 2008-06-12 00:00:00
BT announced today they have signed a five-year contract with Procter & Gamble. Under the agreement, the company will provide and manage a broad and integrated portfolio of services...
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Gorenje buys Dutch firm ATAG Europe
Date: 2008-06-12 00:00:00
Slovenia's top household appliances maker Gorenje announced its biggest ever acquisition with a 130 million euro deal to buy Dutch firm ATAG Europe B.V.. ATAG Europe generates 90 percent...
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Warimpex and Louvre Hotels to build 3 stars hotel in Budapest
Date: 2008-06-12 00:00:00
The Austrian Warimpex said before, that it will develope 20 hotels in Hungary, first of renovating B category officebuildings. Warimpex AG and Louvre Hotels have purchased land in Budapest under...
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Factories close, supermarkets empty and jets run out of fuel in Spain
Date: 2008-06-12 00:00:00
Strike action by thousands of Spanish and Portuguese truckers produced ominous knock-on effects on food supplies, aviation and industry in Spain. Authorities at Spain's two biggest wholesale markets, Mercamadrid,...
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Food price increase over the average
Date: 2008-06-12 00:00:00
In May 2008 consumer prices rose by 1.1% compared to the previous month and increased by 7.0% compared to May 2007. In May 2008 compared to the previous month food...
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Bread price increase by HUF 20-30
Date: 2008-06-12 00:00:00
According to the Association of Hungarian Bakers the cost of production (loan, energy, fuel etc.) grow so much, that the bakers must to increase their price. The association said minimum...
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SABMiller to acquire a Russian brewer
Date: 2008-06-11 00:00:00
Vladpivo, the largest brewer in the Russian far east Primorie region and has an annual capacity of 1 million hectolitres. The value of the gross assets to be acquired is...
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Procter & Gamble Target Russia for Acquisitions and Growth
Date: 2008-06-11 00:00:00
No specific acquisition targets so far. The company has received a lot of support from the country's government in doing its business. Procter & Gamble has declared its intention to...
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NESPRESSO Expansion in Hungary
Date: 2008-06-11 00:00:00
From June consumer can buy Nespresso's mashines not only in the special shop on Andrássy street, but in several Saturn and Media Markt unit too. The sales started in 9...
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Tesco's sales grow by 13.7%
Date: 2008-06-11 00:00:00
UK's biggest retailer reported that sales growth had slowed over the past three months, particularly in big-ticket items such as furniture, as customers tighten their belts. With UK like-for-like sales...
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POP-Rafinanz Group to be on international expansion
Date: 2008-06-11 00:00:00
Since 2007 Rafinanz is the only East-European member of Airport Promotion Agencies. Last year the company has a total revenue HUF 2.5 billion, so it must be reorganize. A new...
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Lidl to open in US by 2012
Date: 2008-06-11 00:00:00
Lidl plans 1,000 new stores in Germany, to enter U.S. market by 2012 German discount retailer Lidl is planning to open up a further 1,000 stores in Germany, meaning that...
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New packiging for Kométa products
Date: 2008-06-11 00:00:00
This year Kométa, one of Hungary's biggest meat producers begins a strong marketing communication campagne. After a big market research and planning periode all Kométa products will get a new...
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New company on indoor market
Date: 2008-06-11 00:00:00
Infirio Kft. operates big digital screens on high prestige HoReCa places in the capital and in several other cities in the country. From summer almost 200 screen can be...
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IKEA salutes New York
Date: 2008-06-11 00:00:00
The world’s leading home furnishings retailer developes a specifically-tailored advertising campaign to promote the June 18 grand opening of IKEA Brooklyn. The 346,000-square-foot IKEA Brooklyn will be the fourth IKEA...
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Hungary is the seventh most popular investment target in Europe
Date: 2008-06-10 00:00:00
Only Poland has a better position in the region, as shown in the survey by the professional services firm Ernst & Young, made on a sample of over 800 executives....
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Food safety control starts soon
Date: 2008-06-10 00:00:00
Before the inspection the Hungarian Food Safety Authority gives out information bulletins about how to evade the food poisoning. In the near next week begins the summer clean-up by specialist...
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Grouped ax at Pápai Hús
Date: 2008-06-10 00:00:00
It is possible that the new owner of the company don't need so many employees. According to the liquidator Vectigalis, the company Papai Hus meets with the factory board and...
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Surplus at Hungarian trade balance
Date: 2008-06-10 00:00:00
Over the course of January–April 2008, the value of exports was HUF 6,394 billion, while that of imports totalled up to HUF 6,309 billion, according to preliminary results. The...
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The export of manufacturing continued to grow
Date: 2008-06-10 00:00:00
According to quarterly calculations gross domestic product of Hungary increased by 1.7% in the first quarter of 2008, and by 0.9% when adjusted for calendar effects. The economic growth of...
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Agrana to develope at Balkan region
Date: 2008-06-10 00:00:00
The company ensured through a refinery joint venture in Brcko | Bosnia with Studen Group. AGRANA, a leading Central and Eastern European producer of sugar and starch, has acquired, subject...
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Bye-bye Greengrocers
Date: 2008-06-10 00:00:00
The Daily Telegraph reports that nearly 3,000 greengrocers have closed in the past decade in UK. The newspaper said that shoppers have been left considerably worse off, with the...
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X5 want to finance its develope by bonds
Date: 2008-06-10 00:00:00
Russia's largest food retailer by revenue, plans to issue two bonds worth a combined 16 billion roubles ($672 million).The source said the company had not yet defined the timeframe of...
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Wal-Mart Stores Inc sees exploring opportunities in Russia
Date: 2008-06-10 00:00:00
The world's largest retailer, currently operates in 13 markets outside of the continental United States, including Japan and China. It also has established a joint venture in India. Wal-Mart...
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