First Iberalta Hotel to build in Budapest

First Iberalta Hotel to build in Budapest

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...

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Atrium Center Satu Mare, Romania

The British Dawnay, Day has recently acquired 2.7 hectares of land in Satu Mare in order to build a shopping centre. The investment will amount to approximately €61 million according...

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Most of city restaurants diped

In Ten of 12 restaurants the inspectors disclosed grave defects.  The workmates of Consumer Protection Agency found food beyond garantee, meat without correct labels and runnig up of prices. The...

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Trade marked Hungarian Poultry at Spar supermarkets

Because of higher feeding cost, the prices of poultry and poultry products growth wit 6-8 % in autum. The Hungarian Poultry Product Board and Spar signed an agreement, that the...

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White list for meat processing workers

Clitraviand and EFFAT suggest to build out an Independent certifacte organisation for workers in european meat processing industry. The white list would help the mobility of workers inside of european...

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New VAT at 2010

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...

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Nestle opens milk powder factory in China

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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1.1 million international and 1.3 million domestic guest

The public accommodation establishments registered by 3 percent more tourism nights in comparison with the data of the same period of the previous year. The gross income of public accommodation...

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Permira Group sell Takko

German clothes retail chain Takko expands in Romania, Bulgaria and Poland. The american Advent International will pay €770 million for Takko and plans to open 150 new stores under this...

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Blackstone pays $26 billion for Hilton Hotels

The US investment firm Blackstone Group LP agreed to buy the world biggest hotel chain with nearly 2,800 hotels in 76 countries. Hilton, was founded in 1919, is one of...

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In place of marketing engagement it must be attested

The actions of funcional foods must be certifed by clinical searches. From 1 of July 2007 takes in effect the new EU legistation on health and nutrition claims on food....

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Flaming row about wine in EU

The European Union head office proposed a drastic overhaul of the continent's wine sector to face up to increasing competition from abroad and eliminate a huge surplus of unmarketable produce....

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Nestle completes takeover in France and Spain

The world's biggest food and beverage company Nestle won conditional approval from the European Union to buy the nutrition business of pharmaceutical giant Novartis.   The European Commission said the...

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Grain production to increase

The rapid growth of the world's biofuel industry is likely to keep farm commodity prices at high levels in the next decade as it will boost demand for grains, oilseeds...

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Chinese quality supervisors have a lot of work

China said one-fifth of its consumer products don't meet government safety and quality standards. China, the world's biggest exporter of consumer products, faces pressure to improve safety standards as its...

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Only the owner will change for Hungarian Biscuits plants

The French food company announced that it has entered exclusive talks to sell its biscuit division to Kraft in a transaction valued at $7.2 billion. This move will allow Kraft...

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Renewing 4-star hotel in Harkány

The Hotel Dráva Thermal Resort is scheduled to open in Harkány in November. The hotel, being built with the upgrading of an existing hotel, is located next to the thermal...

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Unified property tax from 2008, major tax reform starts in 2009

Hungary will implement some simpler modifications to its tax regime as of January 2008 and major adjustments to the system that require wide-scale preparations are to enter into force as...

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Hungarian fmcg's quilification – average

International Service Chek – a mystery shopping company- made a survey in 7 CEE country + Russia about retail services. 60 cities, 61 retail chain, 160 test shops – from...

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Tentacles of Food Express

The biggest hungarian food home delivery company plans expansion with a vocational investor. Food Express wants to open in two directions: in west service is planned for Germany and Austria,...

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€100 million retail investment in two Romanian cities

Each project will take up an area of 8-10 hectares and will be finalized in 2010.   A mall of around 50,000 square meters to include extensive leisure areas, in...

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Politicians against shopping on Sunday

„Give Sunday back to the people!” – said the hungarian Christian Democrat Party. The party in the opposition wants that the multinational companies would have a profit less day, it...

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Food Nutrition Labels are Puzzle

In a study of educated adults — 75 percent had at least a high school education — most had trouble understanding everyday food nutrition labels.   Dietitians aren't surprised, since...

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Flare at Coca-Cola HBC plant in Luka

The upgrades at the Luka plant enable Coca-Cola HBC to produce 30,000 bottles an hour.   Greek Bottler Coca-Cola HBC (CCHBC) has invested 14.8 mln eur for a new bottled...

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Credit from the Drugstore – German method set an example

The personal bank services are important in Germany, but this time the place of the credit application is not a branch bank, but a coffee house or a drugstore. Most...

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Sale and lease back

European commercial property sales and leasebacks are set to grow to about 30 billion euros a year as firms seek to unlock the value of real estate on their balance...

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Reorganization at Food Express

There is a hard competition between home delivery food services. Because of the cheap price of small companies, the biggest, Food Express has to make restrictions. A few years ago...

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Tesco moves into the buoyant UK property market

Sellers will be able to list their homes on a Tesco website for a one-off fee of about £200.Last year, rival supermarket Asda provided touch-screen terminals with details of properties...

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One month – 1300 checks – HUF 91 million penalties

For authorities controlled in June together, the Hungarian Tax and Financial Control Administration, the Consumer Protection Agency, the Hungarian Labor Inspectorate and the Hungarian Customs and Finance Guard. Missing bills,...

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