News and articles

New CEO at LLP Budapest

Zsolt Ambrus works from 1 March, he was the former division leader of Microsoft Dynamics Hungary.  The specialist worked for Oracle, than in 2003 he joined to Microsoft Hungary, first...

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Tesco to Open `Express' Convenience Stores in China

Since 2004, when the British Retailer started to operate with joint venture partnere, the company opened 50 hypermarkets, this year Tesco has 300 million dollars investment in China.  Tesco, Britain’s...

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Silver for Kempinski Hotel Corvinus Budapest from Germany

According to German readers of Business Traveller the second best hotel in Europe is the Kempinski Hotel Corvinus Budapest.  Since 1995 the hotel got several awards, year to year the...

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Carlsberg will sell words most expensive bottle of beer for $400

The Vintage No. 1. is an exclusive beer where there will only be 600 bottles for 2008 Danish kroner in three exclusive restaurant in Coppenhagen.  Apparently the 10.5 percent proof...

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Brau Union to buy minority investors' shares

According to its option Brau Union AG buys out the rest 0.36% share of the company.  Heinken offers only HUF 8,887 per share, paying until 15 Februar trough Raiffeisen Bank,...

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Carrefour posted the biggest year-on-year sales increase in 2007 in Romania

The French group reported 866m-euro sales last year, up 54.5% from 2006.  Carrefour turnover evolution in Romania comes as a result of the expansion of the hypermarket network in 2007...

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Last Sardine Plant in Norway to Close Down

A weak dollar exchange rate and lost earnings mean forced King Oscar to finish production.    The plant produces more than seven million tins of sardines a year and more...

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Kraft instant coffee plant to Open in March

American food company invested $100 million into construction in Russia.  The plant in Gorelovo will produce 5,000 tons of instant coffee a year. The new plant is located in close...

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Tea pyramid from Russia

Food giant Unilever has started the production of Lipton tea in pyramid packs at its St. Petersburg 'Tea Packing Factory'.    According to company's satement to produce pyramid packs, a...

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Sephora To Open In-Store Cosmetics Shops ít M&S in UK

The possible joint venture would be based on a model employed by Sephora in the US, where it has shop-in-shops with JC Penney. Marks & Spencer is in provisional talks...

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Recommended Cash Offer for Scottish & Newcastle plc

The boards of Scottish & Newcastle plc have reached agreement with a newly incorporated company jointly owned by Carlsberg A/S and Heineken N.V.    Under the terms of the Offer,...

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Danubius Hotels to plan only operation in Marcali Hotel

Hungary's hotel operator Danubius Hotel Nyrt. has announced it has sold its ent56.7% stake in Marcali Hotel Kft..  Marcali Hotel Kft. is planning the building of a spa hotel in...

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Cartelism at plastic packiging plants

The Hungarian Competition Authority spys by Linpac Plastic Hungária, Propack and Petruzalek Ltd., one Slovakian and an Austrian company is involved too. Accoriding to Hungarian Competition Authority the within named...

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Electornic nose against stinky meat

The SensorFresh takes 2000 readings in under a minute and so analyze the air around the meat. The mashine is avalaible by internet.  The sensor's built-in fan draws in the...

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Sümegi and Sons Winery exports to China

Companies agreed about wine processing and jointly sales in China.  According to the agreement Keller Ltd. (Sumegi and Sons Winery) started the export last Q of 2008 , yearly more...

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Coop- Franchise chain of 2007

The Hungarian Franchise Association' award was given at a gala evening on Friday.   The 11 years old Coop got the award of Franchise chain of the year 2007. The...

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New sales director at Sara Lee Hungary

The specialist worked as head of sales at Borsodi Beer. From 1. January Zsolt Mihalyff is the sales director at Sara Lee's retail division. The specialist is working in retail...

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Coface, Islamic Corporation to Upgrade Trade Credit Coverage

Coface, a major guarantor of trade credit, announced that it has reached a cooperation agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The ICIEC...

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METRO Group: New competencies within Management Board

Frans Muller takes over as CEO of Metro Cash & Carry, the former director Thomas Hübner leaves for health reason. Frans Muller joined METRO Group in 1997 as Country Manager...

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(HU) Megoldások érmebevonás ügyében

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Dannon to mystify with 'Probiotic' Bacteria in the US

The American unit of French group Danone mounting a massive false advertising campaign to convince consumers to pay more for yogurt containing “probiotic” bacteria because of the products' health benefits....

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Coca-Cola Aims to Expand Tea, Looking at Acquisitions

The company might buy or make an investment in Honest Beverages, a privately-held maker of Honest Tea. Tea is a priority area," Chief Executive Neville Isdell told Reuters on the...

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Nestle to Sell Buitoni Pasta Plant in Italy

The Swiss food giant would like the buyer to develop the plant and invest in advertising, but Nestlé would keep the brand ownership. Buitoni is Nestlé's authentic Italian brand, which...

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Soon comes the first Quinlan hotel in Budapest

The SCD Group's Irish development partner, Quinlan Private is planning to introduce its hotel brands in Hungary. The first Yasmin Hotel opened in Prague last year, while the newest unit...

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Five years 22 McCafe

The biggest market player of the Hungarian Caffee market plans dynamic growthing and not care for rivals.  The first McCafé started in 2003 in Hungary, last five years 21 was...

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Carrefour to buy Indonesian retailer share

The world's second-largest retailer ,agreed to buy a 75 percent stake in Indonesian group Alfa Retailindo ALFA.JK for 49.3 million euros.  The takeover comes as Carrefour continues its strategy to...

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