News and articles

Against the wind but we go

The external conditions of the economic development have been considerably deteriorating, the domestic political situation is uncertain, while the economic situation is modestly improving. The forecast prepared by GKI Economic...

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ALDI cuts prices

Following dropping commodity prices, Aldi has repeatedly slashed prices for a broad variety of products across Europe.  Permanent price cuts mainly apply to dairy products, flour and pasta with discounts...

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Optimistic turnover predictions at Profi in Romania

Delhaize subsidiary has said that it expects turnover in Romania to rise to EUR135 million in 2008 from EUR110 million last year as a result of the expansion of the...

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European Commission has cleared the sole control change at Metro Group

Haniel is already a large shareholder in Metro and intends to acquire control by way of a pooling arrangement with another shareholder, Schmidt-Ruthenbeck.  The Commission concluded that the transaction would...

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Export and import decreased in August

According to datas of Hungarian Statistic Office in August 2008, according to first estimates, exports amounted to HUF 1,265 billion (EUR 5,378 million), while the value of imports reached HUF...

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People like cold milk desserts

According to Nielsen research the category is the 15. most popular food category. It has HUF 26 billion sales between October 2007 – September 2008. In volume it is 5%...

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FMCG top sales managers have HUF 8 million salary pro year

Hewit Human Tanácsadó Kft. asked 2,000 specialists from the sector in 2008. The top sales manager earn HUF 8 million, the variable part of their salary is 5-30%. The senior...

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Sainsbury sales increased thanks to privat label products

Sales from its online operation grew by over 25% in the quarter and it now operates from 165 stores.  UK supermarket chain J Sainsbury announced that its second quarter sales...

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(HU) Vége a gyors bővülésnek

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EU To Protect Online Shoppers

The European Commission adopted a proposal on to strengthen consumer rights and make it easier and safer to shop online across borders.  Consumers are to be given new rights when...

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Rogner revoked rights from two Hungarian Rogner hotels

The Austrian brand owner wasn't satisfied with the achievement of the Rogner hotels in Egerszalók and Sárvár. Company spyed one year long the two hotels, but they couldn't fulfil the...

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Slovakia's Penta eyes meat co. Pápai Hús

Liquidation of Hungarian meat processor Pápai Hús is about to be completed. The tender close at end of October, the asking price is HUF 5 billion.  According to business daily...

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Törley-Group won silver medals

3 of company's champagne and 1 wine got silver Award at MUNDUSvini Great International Wine Awards. The first Mundus wine compotition started in 2001 in Germany. This year 5343 sample...

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(HU) Veszteséget hoz idén a kukorica

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The revenue of accommodation establishments grew only by 1%

In January-August 2008, – compared with the same period of 2007 – the total number of international and domestic tourism nights was essentially unchanged in public accommodation establishments.  In the...

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Prosecutors Seek Jail For Former Chief of Parmalat

Milan-based prosecutors requested a 13-year sentence for the founder of Italy's dairy giant Parmalat, Calisto Tanzi, who has been charged with market rigging. Based in Parma, Parmalat collapsed in 2003...

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We have to queue more as average in Europe

In Hungary normally 8 people stand infront of us in the line, it is 3-4 in Europe. In our country people have to wait minimum 5 minuts to arrange, the...

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Awards for the most attractive shop fronts on Budapest boulevard

The jurey found the store window of Calliope fashion, the Kiwi Sun and Katti Zoób's salon the most spectacular.  At the first Boulevard store window compatition the specialist spyed 800...

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Pizza Hut Changes Name in UK

Pizza Hut’s UK business has announced that it is changing its name to Pasta Hut.  The change, after 35 years as trading as Pizza Hut, is part of a £100m...

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Mezőkövesd receives a new 4 stars hotel

The spa town of Mezőkövesd (north Hungary) will welcome the brand-new, Balneo Hotel Zsori with 134 rooms in November.  Thermal and Wellness Hotel, located next to the thermal baths. Although...

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Sodexo – new name, new product

The French SodexhoPass changed its name in Hungary for Sodexo, the company has also a new logo.  Sodexo won the first Superbrands in its category, the firm has 20,000 clients,...

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