News and articles

Ten largest retailers raise 2008 sales by 8%

The ten largest retail chains in Czech Republic raised sales by Kc23.2bn year-on-year to a record Kc312.2bn in 2008, according to preliminary results released by analytical company Incoma Research and...

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X5 Retail group merge Kopeika?

After a dynamic developing in the country X5 would buy its biggest competitor.  According to reports in the Russian media, X5 Retail Group has been negotiating with Kopeika about a...

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Starbucks to close another 300 stores

Starbucks, will cut 6,700 jobs and close 300 more stores after reporting first-quarter profit that fell more than analysts estimated.  Last quater company had only USD 64.3 million nettó sales,...

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Standard Vodka exists Russia

The company will introduce the Russian Standard brand in countries such as Canada, and expects this to help boost sales by 30-50% this year. It plans to invest $100m this...

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The Hungarian Poultry Product Board takes legal action

Last week at Grüne Woche exhibiton in Berlin Hungarian goverment made efforts to promote the Hungary's position on goose liver producers.  Also Four Claws, Austrian animal rights activists protest agains...

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ÉFOSZ is bitterly against vat increasing

The Federation of Hungarian Food Industries (EFOSZ) is opposed to 5% vat increase for stabilize the Hungarian economy and the budget.  The federation said today the Hungarian vat is higher...

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Professional training near to the market's request

The ministry of work developes a new education program for professional training together with represents of the employers.  Last year more than 40,000 professinal trained people got unemployment benefit, lot...

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Active young men spent the most for Christmas

According to on-line study of Szonda Ipsos research company, 24% of Hungarian save money during the year for Christmas shopping, 4% of the responders borrowed.  20% of the responders spent...

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Deko-Food closes its bean processor unit

The company fires 40 people, first of all semi-skilled laborer, but also some administrative employees lost their jobs.  The bean processing unit worked since 3 years with loss, and last...

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Restaurants can join to “Gluttonous Thursday” action till 24th February

Up to the present more than 1,000 restaurant link on to the action, announced by the Hungarian turism organisation.  Restaurants can register till 12.00 am 24th February on the www.menjunkenni.hu...

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Sponsor of the Year award to Le Meridien Budapest

The Starwood Hotels chain and the Le Meridien Budapest have been very active in organizing charity events.  Robert Burns International Foundation voted the Sponsor of the Year trophy to Starwood...

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Excellent accomplishment at Profi Romania

Delhaize Group-owned Romanian retailer Profi has reported a 50% increase on the year to EUR142 million above the target growth of between 30-35%.  The company sees its turnover growing by...

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Asda to create 7,000 jobs in UK

Wal-Mart-owned company plans to create 54,000 square metres of new store space in 2009.  The supermarket will create 3,700 new jobs with the opening of nine new food stores, five...

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UK initiative for reducing houshold food waste

The UK’s top grocery retailers, brands and manufacturers have committed to an industry-wide food waste reduction objective for the first time.  The WRAP’s (Waste & Resources Action Programme) Love Food...

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NürnbergMesse sets ambitious growth targets

Reconstruction works start in a few weeks, a completely new entrance, service and congress area is to be built by autumn 2010. NürnbergMesse will invest a total of more than...

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Coca-Cola puts money on being greener

The company made a foundation, the money will be used to support a proposed Packaging Innovation and Sustainability Centre at Michigan State University (MSU).  Coca-Cola has provided $400,000 to the...

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Henkel contributes to protecting the rain forests

In order to promote and establish the Book & Claim system for palm kernel oil, Henkel has, as the first company in the world, now purchased such palm kernel oil...

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Hungarian Trade Association is a lobbyist also for costumers

The organisation protest against some new rules and turn down the unfounded accusation, that the suppliers are in bad economic situation because of the retailers.   Hungarian Trade Association forecasts...

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Coface downgraded the financial ratings of 22 countrie

In the year 2008 shortfalls in payment increased dramatically and will continue to do so. In total, shortfalls in payment between companies increased by 47% worldwide.  According to Coface, the...

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Don Pepe focus on growing efficiency

Company launched a new trainingsystem for it employees. The aim is to make the sales more operative and the consumers more pleased.  Don Pepe has more than 30 restaurants all...

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Decreasing beer consumption in UK

First the smoking ban, than the financial crisis and an 18 per cent rise in duty on beer last year, these kayoed the British catering trade.  Beer sales in pubs...

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Penta fuses Hungarian interesets

From 1th July the three meat processor plants, Debreceni Hús, Szole-Meat and Csaba-Hús merge into Budapest based Debreceni Group.  The new founded Debreceni Group belongs to Carnibona Holding, the ownership...

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EVENT EXPO – all for and about the professional represantation

The biggest event show in Central and Eastern Europe, arrives in Budapest. Event Expo Hungary, 20th-21st February 2009, Papp László Budapest Sportaréna.  Event Expo Hungary has more than 100 exhibitors,...

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No sign of contaminated American peanut butter in Hungary

Salmonella-contaminated American peanut butter has not entered circulation in Hungary, Hungary's food safety authority (MEBIH) said on Tuesday.  Several European firms have distributed American peanut butter which is thought to...

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Nielsen stops PRISM Data System

“Given the nation's serious economic state, Nielsen and its clients have decided this is not the right environment to launch a national syndicated service,” the company said in the statement....

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Fast hotel developings in South-Plain region

In the same time five hotel reconstruction and new building happen in the region, the invesment value is over HUF 10 billion.  In Szeged 3 hotel renovation is in process,...

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Sales in hypermarkets also decreased in November

According to data of Hungarian Statistic Office, the volume of retail sales decreased by 2,0% in November, and by 1.9% in the first eleven months of 2008 compared to the...

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Camel milk chocolate by Manner

World's first camel milk chocolate, called Al Nassma, is only available in Dubai.  Camel milk arrives from a farm near to Dubai in form of milk powder to Manner's plant...

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54 million Visa transactions in Hungary

Point-of-sale (POS) transactions made with Visa cards in Hungary rose 22.9% in Visa Europe's business year ended September 30, the card issuer said.  The amount of money spent on POS...

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GLOBUS sales up in Czech Republic

German hypermarket and DIY store operator is currently building its 14th Czech hypermarket, located in Ostrava.  The retailer increased its sales by CZK2.6 billion up to CZK22.7 billion in the...

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