News and articles
Goodby optimism!
Date: 2008-01-09 00:00:00
The population was more pessimistic about the economic environment at the end of 2007, than at the historical bottom in 2006. Seventy seven percent of the respondents saw deteriorating conditions,...
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Unilever Dutch and Belgium Opers to Come Under One Division
Date: 2008-01-09 00:00:00
Unilever Benelux will now serve the Belgian, Dutch and Luxembourg markets as one of the first 'Multi Country Organisations' to be set up within Unilever Europe. Via this form of...
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Clorox going to be greener
Date: 2008-01-08 00:00:00
The consumer products giant bought Burt's Bees, the beeswax manufacturer for $913 million . Clorox plans to turn Burt's Bees into a mainstream American brand sold in big-box stores like...
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Peter Fejer leaves Accor Hospitality Hungary
Date: 2008-01-08 00:00:00
The specialist changes his carreer in a new way. The company will reorganize the sales and distribution department. Peter Fejer worked for 16 years at Accor-Pannonia, later Accor Hospitality Hungary...
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New Inditex SA subsidary
Date: 2008-01-08 00:00:00
The new store chain of Zara's owner will market only clothing accessories. Inditex SA opened its first Zara-store in 2004, in Budapest. Nowadays the store chain has several shops in...
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World's first FSC-certified Tetra Pak packages hit Sainsbury's shelves
Date: 2008-01-08 00:00:00
Tetra Recart is the first Tetra Pak package with a label of certification by the Forest Stewardship Council (FSC). FSC is an international organisation which sets standards for responsible forest...
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Eurozone inflation over 3%
Date: 2008-01-07 00:00:00
Annual inflation in the eurozone remained at 3.1% in December last year, the figure was the highest in more than six years. Inflation in the eurozone had been rising in...
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$3 .1 million compensation because of poisened pet food
Date: 2008-01-07 00:00:00
The company that made contaminated pet food that killed dozens of dogs nationwide in 2005 will pay $3.1 million in a settlement with pet owners. The pet food, which contained...
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FDA's safe sign for cloned animals' meat and milk
Date: 2008-01-07 00:00:00
Still, many large food companies have said they are reluctant to sell products from cloned animals because of ongoing consumer concerns. The U.S. Food and Drugs Administration (FDA) is expected...
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Hotel Klotild Palace open in 2009
Date: 2008-01-07 00:00:00
The first 5-star hotel of Mellow Mood Group, the luxury Klotild Palace Buddha-Bar Hotel will be the second hotel of the world famous „Buddha Bar” brand. It will be situated...
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More than 300,000 unemployed in Hungary
Date: 2008-01-07 00:00:00
The jobless rate for the 15-24 year old representing almost 20%. According to KSH the Hungarian jobless rate rises to 7.5% yr/yr in Sept-Nov from 7.3% in Aug-Oct. The number...
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LLP Group goes West
Date: 2008-01-04 00:00:00
Consulting and IT services firm LLP Group opened offices in Belgium and in Luxembourg. This follows fifteen years of steady growth that started in Prague in 1992 and resulted in...
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(HU) Január 21-ig még lehet csatlakozni a Torkos csütörtökhöz
Date: 2008-01-04 00:00:00
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Sales Up 14% In Year-Ending Week in the US
Date: 2008-01-04 00:00:00
Retail sales jumped 14% in the last full week of December, helped by post-holiday discounts and the redemption of gift cards. The report by ShopperTrak RCT added that retail traffic...
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P&G to move tampon manufacturing from Hungary to the US
Date: 2008-01-04 00:00:00
Procter & Gamble has announced plans to relocate manufacturing work from a Budapest suburb to the United States. Procter & Gamble is moving production from a plant manufacturing tampons and...
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Price increase at sugar, soja and coffee in 2008
Date: 2008-01-03 00:00:00
Some analysts predict that a rise in agricultural prices will continue, others warn that the boom could precede a depression. Soya bean prices have risen to their highest level in...
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Counterfeit alcohol is a growing problem in the UK
Date: 2008-01-03 00:00:00
According to a new report of IPC, the fake drinks are often highly toxic. Criminals were finding new routes to market including the internet. The International Federation of Spirit Producers...
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TV ads ban for unhealthy food and drink products in the UK
Date: 2008-01-03 00:00:00
The measures were developed by the communications regulator Ofcom in response to rising levels of childhood obesity in the UK. A total ban on adverts for unhealthy food and drink...
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French are the least, Britons are the biggest fans of fast food
Date: 2008-01-03 00:00:00
Overall the obesity problem is fuelling increasing concern worldwide although some are more concerned than others. In terms of fast food, 45 percent of Britons agreed with the statement "I...
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Good year of Törley
Date: 2008-01-03 00:00:00
The sales in 2007 increased with 9%, and token the value of HUF 16 billions. Törley champagne are popular all over the world, the product is market maker in Hungary...
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Hungary manufacturing PMI rises in December
Date: 2008-01-03 00:00:00
According to Hungarian Association of Logistics, Purchasing and Inventory Management PMI rose 1.4 points to 52.4 points in December 2007. Hungary's seasonally adjusted Purchasing Manager Index shows faster growth of...
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Germany GDP increase under 2%
Date: 2008-01-03 00:00:00
The German Government has revised down its growth outlook for 2008- Economics Minister Michael Glos warning. Glos told that the nation's 2008 economic expansion rate is likely to come in...
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Auchan to acquire 14 hypermarkets in Russia
Date: 2008-01-02 00:00:00
French retailer Auchan, currently has 15 hypermarkets in Russia, agreed to buy 14 hypermarkets from Turkish group Enka. Financial terms of the deal are unknowed. The Russian retail market has...
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Tesco health checks in UK
Date: 2008-01-02 00:00:00
The supermarket chain introduced a new medical service at price of £10, what will rising to £20 at the end of January. A pharmacist will measure weight, blood pressure and...
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Eismann the new owner of Family Frost
Date: 2008-01-02 00:00:00
Included in the deal is a Nestlé factory in Törökbálint, where Family Frost products already account for 75% of total output. Nestlé has signed an agreement to sell its Family...
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Growing Optimism of the Hungarian Economy
Date: 2008-01-02 00:00:00
The business confidence of the top 100 Hungarian companies narrowly increased from 100.5 points in November to 102.2 points in December. According to the monthly report of research institute Ecostat...
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