News and articles
One year – one billion HUF sale increase at Praktiker Hungary
Date: 2008-05-20 00:00:00
German do-it-yourself chain Praktiker had gross revenue in Hungary of Ft 47.6 billion in 2007, up from Ft 46.3 billion in 2006. Last year Praktiker opened two new stores in...
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Jungle fight for SMEs
Date: 2008-05-20 00:00:00
According to Coface Hungary and Uzlettars Business Magazin research, even the most dynamically developing SMEs suffer from the effects of the budget adjustment and the American subprime crisis. The two...
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11 million Samsung laptop until 2011
Date: 2008-05-20 00:00:00
An extra 11 million units must be sold worldwide by the year 2011 in order to reach 5.7 per cent market share — a massive ask, considering Samsung's worldwide market...
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Auchan to spend 80 million EUR in Romania
Date: 2008-05-19 00:00:00
French retailer plans for 2008 two hypermarkets, for the next year another 8 sites. Auchan entered to the Romanian market in 2006 and had invested 300 million euros in five...
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Barbie-Bratz Toy War
Date: 2008-05-19 00:00:00
Mattel Inc., the world's biggest toymaker, may add as much as $500 million a year to its revenue by winning a copyright suit against MGA Entertainment Inc. over the Barbie...
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Ascendant sactioning possibilities for Hungarian Customer Protection Authority
Date: 2008-05-19 00:00:00
Probably in June the Hungarian Parliament votes about the new, more rigid Consumer Protection Law. According to plans the penalties will be more higher (minimus HUF 30,000 – maximum...
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Unilever to Develop New Milkshake
Date: 2008-05-19 00:00:00
The new weight loss drink that tastes like a milkshake significantly reduces appetite and could soon join Unilever's $400 million Slim-Fast weight-loss brand, the company's researchers said. The researchers, who...
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Carlsberg To Raise $6.3bn
Date: 2008-05-19 00:00:00
76. 3 million new B shares will be offered to investors for 400 kroner each. Carlsberg has announced that it will sell shares worth 30.5bn kroner ($6.3bn) to current...
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Orange and Peach are the most popular fruit juice
Date: 2008-05-19 00:00:00
According to Nielsen research company between Febuary 2007 and January 2008 the fruit juice market in Hungary grow by 1% in volume and 9% in value. The whole market is...
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New Natural Sweetener from Cargill
Date: 2008-05-19 00:00:00
Rebiana, which will be sold under the name Truvia, will be available this year as a tabletop sweetener. Agribusiness and commodity trading group Cargill Inc said that it expects its...
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Nestle SA aims to increase growth from its central and eastern Europe (CEE) region
Date: 2008-05-19 00:00:00
Currently, Nestle's CEE region only accounts for 5.6 billion Swiss francs of its European annual sales, but says the region has been growing underlying sales in double-digit percentages for a...
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New head of brand marketing at BAT Hungary
Date: 2008-05-19 00:00:00
Laszlo Hunyadi worked before as brand manager at several multinational companies in Hungary. The specialist graduated at College for Modern Business Studies, he started his carreer at Unilever's marketing department,...
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1,000 school bags from SIÓ
Date: 2008-05-16 00:00:00
The soft drink company helps for children from needy families to get their new school bags in August. Action under the name „Thanks for SiÓ!” the firm call the schools...
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Parmalat: 18% less profit
Date: 2008-05-16 00:00:00
The result is lower than that of 2007 not only due to the abovementioned reasons but also due to the negative impact in unit sales, the higher fixed production costs...
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Ramada Resort – Aquaworld Budapest waits the guests from Autumn
Date: 2008-05-16 00:00:00
Central Europe’s biggest indoor water theme park offers unforgettable entertainment to visitors of every age throughout the year. Ramada Resort – Aquaworld Budapest is a four-star superior conference and wellness...
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Organic milk by Sole-MiZo
Date: 2008-05-16 00:00:00
The cows are feed only with own produced forages, it must be clean from chemicals. Cows can't get any output gradation and antibiotic. Sales and marketing director of Sole-MiZo said...
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Hungarians Drink the Traditional and Cheap Beer Brands
Date: 2008-05-16 00:00:00
The beer consumption is since years stabil 82 liter/person/year. Last year the non-alcoholic beer segment grow by 16%. Altough the raw material, producing costs and the tax increased faster as...
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Guest nights fell – first of all in the rural hotels
Date: 2008-05-16 00:00:00
In the first four months of 2008, three, four and five star hotels had a 50 percent occupancy rate. Gross Room Revenue – at current prices – was up 6...
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Dairy farmers threaten boycott against Aldi
Date: 2008-05-16 00:00:00
The discount chain cut its butter price on to ten years bottom, two weeks ago decreased the milk price – the German farmers are angry. About 1,500 farmers in...
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Fast increase at food price
Date: 2008-05-15 00:00:00
In April 2008 consumer prices rose by 0.3% compared to the previous month and increased by 6.6% compared to April 2007. In the first four months of 2008 the...
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Industrial gross output increased in March
Date: 2008-05-15 00:00:00
According to Central Statistic Office the output grow by 1.9% compared to March 2007, the index adjusted by working days rose by 4.3%. The volume of the production was higher...
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The Balkans undergoing the most Dynamic Transition
Date: 2008-05-15 00:00:00
The international consumer survey SHOPPING MONITOR CEE 2008 has revealed the growing popularity of the modern retail formats, in particular hypermarkets and discount stores. The most popular chains are Tesco...
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New rules at tax stamps from July
Date: 2008-05-15 00:00:00
According the new regulation the tax stamps user have to give daily supply of data, so the authorithy can follow the produc from manufacturer to the retailer. The new tax...
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HUF 30 Million Penalty for Auchan Hungary
Date: 2008-05-15 00:00:00
According to Hungarian Competition Authority the hypermarket chain have to pay HUF 30 million because of misleading consumers. Auchan kept insufficient stocks of products which it promoted in its newsletters...
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Fake products on Jozsefvarosi market in value of HUF 18 million
Date: 2008-05-15 00:00:00
According to speakerman of Hungarian Customs and Finance Guard the specialist of the authority found 1100 pair of sportshoes, 800 clothes and more hunderd of sunglasses with fake brand sign....
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Americans eat a lot of GMO products
Date: 2008-05-15 00:00:00
Most packaged and processed foods do contain genetically modified ingredients, the labels don't have to say so. According to a recent CBS News/New York Times poll, 53 percent of Americans...
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Glencore plant in Fokto
Date: 2008-05-15 00:00:00
When the plant starts to work, the whole Hungarian oilseeds stock can be process here. According to the plans the HUF 5 billion development will be ready until 2H in...
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Coca-Cola seeks more acquisitions to grow business
Date: 2008-05-14 00:00:00
Sales of established soft drinks are declining in the United States as people opt for the likes of bottled water and tea, which they see as healthier.The soft drinks market...
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X5 Retail Group given go-ahead to buy Karusel
Date: 2008-05-14 00:00:00
The Federal Anti-Monopoly Service has given the green light to X5 Retail Group N.V. to acquire rights to determine the terms of business for Rusel (the Karusel retail chain trademark)....
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Metro Not Yet In Talks Over Kaufhof
Date: 2008-05-14 00:00:00
According to specialist the value at about E3.0bn, including property worth about E2.0bn. Kaufhof operates 126 stores in Germany and 15 outlets in Belgium. The Metro Group has not yet...
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