Managing Directors can be employed again in Hungary

Managing Directors can be employed again in Hungary
Date: 2007-07-12 00:00:00

From 1 September 2007 it will be allowed again for executive officers (especially Managing Directors) in Hungary to establish an employment relationship with the company. Consequently, the provisions of the...

Cargill to acquire full ownership of Hungary's Agrograin
Date: 2007-07-12 00:00:00

Cargill, a US-based international provider of food, agricultural and risk management products and services, has begun the process of acquiring full ownership of Agrograin. The leading grain and oilseeds trading...

Works council call on Sarkozy to protect “Source Perrier”
Date: 2007-07-12 00:00:00

The Source Perrier works council has called on French President, Nicolas Sarkozy, to intervene to prevent any move by Nestlé to transfer production of the sparkling mineral water away from...

Budvar see sales boost in H1
Date: 2007-07-12 00:00:00

Budejovicky Budvar has sold 11% more beer in H1 than last year, according to reports. According to the Czech Brewing and Malting Association, Budvar's H1 results were nearly four times...

Unilever unveils cholesterol-lowering drink
Date: 2007-07-12 00:00:00

The new launched dairy drink containing plant sterols targeting consumers looking to reduce their cholesterol. The Promise activ SuperShots, will be available in three flavours in grocery stores and supermarket...

The tourism enterprises are optimictic
Date: 2007-07-11 00:00:00

The index measuring the confidence of Hungary's biggest tourism enterprises stood at 46,5 in June, up 10 points from last December- according to Ecostat's latest survey. The index of the...

In front of Europark Neo Center to build
Date: 2007-07-11 00:00:00

The London based Chayton Capital LLP will invest HUF 15 billion on building a mall, a sportcenter and an office building in Budapest, on the corner of Ulloi and Hatar...

Louis Delhaize to buy
Date: 2007-07-11 00:00:00

The European Commission has announced it has cleared Belgian retailer group, Louis Delhaize SA's proposed acquisition of Hungarian hypermarket retailer, Magyar Hipermarket Kft. Louis Delhaize is a privately owned company,...

Unisys Hungary – one year doubled staff
Date: 2007-07-11 00:00:00

The Hungarian arm of the Unisys Corporation, a worldwide information technology (IT) services and solutions company, is to nearly double its staff at its services centre in Budapest. Unisys...

Holiday cheques: good to get, good to recive
Date: 2007-07-11 00:00:00

The popularity of Holiday Cheques is on the increase since HUF 18.5 billion worth of Cheques have been sold in the first six months of 2007, compared to HUF 14...

Danone to buy Numico
Date: 2007-07-11 00:00:00

French food group Danone has offered to buy Dutch baby food manufacturer Numico with a surprise bid of more than 12 billion euros. Numico is the world's second largest manufacturer...

New directors at HPS
Date: 2007-07-11 00:00:00

After 16 years FMCG experience arrived Miklos Ostermayer at HPS Group. The new director of sales divison starts with a fresh outsourcing leader called Tamas Korody. In his new...

Hungarians increasingly opt for domestic products
Date: 2007-07-11 00:00:00

Over the recent years, Hungarians have been increasingly buying domestic products because they realised this helps domestic companies and Hungarian goods are generally of good value. A recent survey by...

Drugs outside of pharmacy, not only at gas station, but in hypermarkets too
Date: 2007-07-10 00:00:00

From July the customer can buy OTC medicines at two Tesco stores. The retail chain's two hypermarkets, in Budaörs and in the XX. District, started to sell OTC drugs....

Activities in the black economy generated more than HUF 4,000 billion income
Date: 2007-07-10 00:00:00

Last years Hungarian GDP was HUF 23,560 billion, from this 17-18 % could be generated in the black economy. Hungary is to step up tax rigour in a bid to...

InBev sells off Belgian and Dutch assets
Date: 2007-07-10 00:00:00

Brewing combine InBev has announced that it is selling certain retail estate assets in the Netherlands and Belgium to Belgian property group Cofinimmo. The brewer said it had entered...

HUF 10 million penalty for Drogerie Markt
Date: 2007-07-10 00:00:00

Two of DM campagne could deceive customer said GVH, Hungarian Competition Authority. After Rossmann's stickler the German-owned drugstore chain Drogerie Markt have to play fine, because of its „Quality for...

A coloring could cause cancer
Date: 2007-07-10 00:00:00

A food additive found in some sausages and burgers could trigger cancer, food safety specialists have warned. The European Food Safety Authority (EFSA) panel on food additives and flavourings...

Eckes-Granini acquires Brämhults
Date: 2007-07-10 00:00:00

German-based fruit beverages company Eckes-Granini Group has acquired the Swedish premium fruit juice producer Brämhults Juice AB from from Mellby Gård Industri AB. The deal, which was completed on 1...

The world of Smirnoff to the palm of the consumer trough mobilephone
Date: 2007-07-10 00:00:00

Drinks giant Diageo has launched an innovative mobile internet marketing initiative for the Smirnoff brand in the UK. Through the pioneering mobile service, which is available via the mobile...

Winter invasion, for the second time
Date: 2007-07-09 00:00:00

Conducted for the first time last year under the name Budapest Winter Invasion (BWI), the campaign, which attracted a unique pool of 70 participating service providers, generated 25,000 extra guest...

New Hungarian real estate tax to come in 2009, not 2008
Date: 2007-07-09 00:00:00

Hungary will introduce the new real estate tax, which will combine four property-related local taxes and one central tax, from 2009, Minister of Economic Affairs, János Kóka said. Earlier this...

PepsiCo offer for Danone
Date: 2007-07-09 00:00:00

Last summer, there was constant speculation that the US company was preparing a bid for Danone, french politicians were disgusted. Pepsico Inc is mulling a takeover for Groupe Danone, French...

Rexam to buy Russian beverage can maker
Date: 2007-07-09 00:00:00

As part of its bid to expand operations into emerging markets Rexam said it has agreed to buy a Russian beverage can maker for €218m. Rexam, the world's leading beverage...

Instead marmale honey is comming
Date: 2007-07-09 00:00:00

Sales of honey rose 14 per cent between 2004 and 2006 while marmalade sales dropped 10 per cent, according to a new study in the UK. The report by Mintel...

Invest in automation
Date: 2007-07-09 00:00:00

Suppliers and manufacturers alike should investigate and invest in automation production lines, according to a new report. The study was carried out by the University of Lincoln in association with...

Finland-based Fazer Group has taken a majority stake in Russian bakery OAO Volzhky Pekar
Date: 2007-07-09 00:00:00

The company hopes the purchase will double the bakery's turnover in five years. Fazer Russia is currently making a large investment at the Volzhky Pekar's bakery in Moscow, with the aim...

First Iberalta Hotel to build in Budapest
Date: 2007-07-09 00:00:00

The company's first investment, in value HUF 75 billion, will be a hotel in 8th district of the Hungarian Capital. The Iberalta –Group International tourism & hotel advicers corporation through...

New VAT at 2010
Date: 2007-07-06 00:00:00

The European Commission is calling for simplification and rationalisation of value added tax (VAT) within the EU. Tax commissioner Laszlo Kovacs said a new framework for reduced rates is...

Nestle opens milk powder factory in China
Date: 2007-07-06 00:00:00

Swiss food giant Nestle said it formally opened a milk powder factory in Erguna, in China's Inner Mongolia region.The company said the plant, Nestle's 21st in China, was in an...

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Managing Directors can be employed again in Hungary