News and articles
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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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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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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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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Stricter Conditions on the Merger of Discount Stores Plus and Netto
Date: 2008-06-09 00:00:00
Decreased ownership, 370 stores to sell, not a joint purchasing – this are the most important conditions by German Cartel Office for giving green line on 20 June. It...
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Products from Andalucia and Valencia in Cora
Date: 2008-06-09 00:00:00
Costumers in all Cora stores from Budakalász to Szolnok can taste the Spanish foods between 5-22 June. It is the 4th Spanish Week in Cora. This year Andalucia and...
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Dairy farmers won, retailers increase prices
Date: 2008-06-09 00:00:00
German dairy farmers say they have ended a 10-day strike protesting low milk prices. Milk federation union chairman Romuald Schaber said Thursday, "We dairy farmers are finally being met at...
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Eurozone Retail Sales Report Surprise Fall In April
Date: 2008-06-09 00:00:00
Retail sales in the 15-country eurozone fell unexpectedly in April, the third straight month of lower sales. Data from the Eurostat data agency showed that retail sales fell 2.9% year-on-year...
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Beerfriendly happening with Arany Aszok
Date: 2008-06-09 00:00:00
The beer brand Arany Ászok is one of the main sponsors of Sziget 2008 Festival. The beer factory organises several programs and a grandious surpire for beer friends. Also...
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Rain of medals in Mai for Törley
Date: 2008-06-09 00:00:00
The Törley products won several medals at quality international wine competitions. In Mai achievements of four international wine competitions were published. At Decanter World Wine Awards Törley won 2 bronze...
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Small stores closed also in Austria
Date: 2008-06-09 00:00:00
Last year more than 1,000 small shops finished their work in Austria, the number of small retail units fell to 52,690. According to the Austrian Federal Chamber of Commerce (WKO)...
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Improving Expectations in May
Date: 2008-06-09 00:00:00
In May the seasonally adjusted Economic Sentiment Index of GKI-that have been published since 1996-increased explicitly from the lows of April that have never been seen before. The survey of...
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New CEE director at Bonduelle
Date: 2008-06-09 00:00:00
From 1th June Miklos Ostermayer is the CEE regional director at Bonduelle, he is the first Hungarian specialist who has such high position at the French company. Mr. Ostermayer...
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New wellness hotel to built in Lenti
Date: 2008-06-09 00:00:00
In the near future a new, 4 stars hotel will develope with 116 rooms close to the Bath in Lenti. The hotel will get a separated wellness section with...
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