$3 .1 million compensation because of poisened pet food

$3 .1 million compensation because of poisened pet food

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

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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LLP Group goes West

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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Sales Up 14% In Year-Ending Week in the US

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

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

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

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

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

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

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

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%

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

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

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

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

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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Waitrose focus on overseas

The company licens the Waitrose brand to Dubai-based retailer Spinneys, and is in contact with potential partners in South Africa, and in the USA.  Spinneys has been selling a wide...

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ASDA's Healthy Steps at the Own Brand Food

From January over 9,000 food and drink items are free from artificial colourings and flavours, hydrogenated vegetable oil and Aspartame.  From now on where flavours or colours are used in...

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New TEAOR Numbers – more detailed

The companies have to use the new kind of numbers from 1. January.  The business which can't change the TEAOR numbers  automatically, must be notified until 30 June 2008 at...

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Increased control paid off

Sparkler maneuver – 25,000 control, HUF 950 million fines in five weeks. The action, started on 22 November, paid off the hopes of the government.  The authorities found almost 3,500...

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CBA Online Service from the Center

Next year the logistic works from the central premise.  The online activity finish with CBA Internet Aruhaz Kft, in the future the owner CBA Kereskedelmi Kft. will carry on the...

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Danone and Wahaha Agree to End Lawsuits

Both company want to return to peace talks,” the companies said in a joint statement.   French dairy products producer Groupe Danone SA and China's Hangzhou Wahaha Group Co. said...

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Heineken Acquires Syabar Brewing Company

The portfolio consists of the national mainstream beer brand Bobrov, which holds the number two position in the market and the recently introduced premium brand Syabar.   Heineken will acquire...

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Everybody has to give receipt

According to new Tax law the Hungarian Tax and Financial Control Administration can't give absolution. The cash register isn't obligatory, but the trader must use at least printed receipts from...

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Supermarkets lift ad spend on the celebrities

The UK's supermarket chains dramatically increased their advertising budgets in 2007, according to figures compiled by Nielsen Media Research.  Morrison's increased its advertising spend by £18 million, or 61%, hiring...

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