After an inspection of the Hungarian Competition Authority (GVH) some retailers (Cora, Auchan, Metro, Profi and Csemege Match) undertook to align its suppliers contrats to the competition and the retail law. GVH started an inspection last Summer at the big retail chain, the competition watchdog wanted to see if the...
In the first of our two reports about this year’s Business Days Conference, you will be able to read about the first day and the plenary meeting held on the second day. On the first day, the 300 guests attending the conference were greeted by Zsuzsanna Herman, editor in chief...
Electronic invoicing had been regarded as a remote possibility by companies for a long time. However, it has become reality. Companies using electronic invoicing will soon find themselves making more profit than before, with more accurate, simpler and cheaper administration. Leading retail chains like TESCO, METRO, SPAR, BauMax have adopted...
The Update program has reached a level of development where highly organised management, a professional approach and a uniform brand image are needed. In Hungary, seven people die every hour as a result of diseases related to obesity. Over 3 milion people are obese and nearly 1 million suffer from...
When we see that the interior of a supermarket that we regularly visit has been completely redesigned, we usually feel that it takes us longer to find the products we are looking for and that it is a much nicer experience to be in a modern store. Stores are redesigned...
21,340 general food stores operated in Hungary at the end of 2007, whereas the same number was 21,959 in 2006. According to Mrs. Szalóky Judit Tóth, director of Nielsen, this decrease of 3 per cent is less than it used to be in the preceding period. There were 15,310 small...
1986, Hosszúhegyi State Farm. The name Hey Ho gets selected for use by the general director and one of the best known Hungarian brands is born. By the early 90’s, most Hungarian brands created under the socialist era and before had been sold to multinational companies, except Hey Ho. For...
In a sign that the discounters’ growing popularity is starting to concern Tesco, the retail giant will start to match Aldi and Lidl’s prices on over 2,000 product lines. Aldi and Lidl are known for selling a limited range of products from sparse stores at low prices. But the discount...
The Belgian GDP is USD 38,000 and economic growth is 3-5 per cent, but they have their problems too. Theoretically, the Walloons and the Flemish should live together in harmony. Affluence however, does not seem to be enough. While some of the Flemish want a separate country of their own,...
In recent years, Match did not show rapid expansion. In fact, the number of their stores dropped. However, as results began to improve, the owners approved of opening new stores last year, but management decided not to take the opportunity and waited. Following 2003 and 2004, the toughest years, a...
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