Russian import ban caused great financial losses
The Russian ban on imports resulted in HUF 1,300 billion worth of loss for the Hungarian economy – informed the Ministry of Foreign Affairs and Trade. Approximately 10 percent of this sum was the export loss of Hungary’s agri-food sector. If the import ban stays in effect until the end of the year, a 0.1-percent GDP loss will occur in Hungary.
Related news
Retail sales growth accelerated in Russia, unemployment stagnated
Russia’s retail sales growth accelerated and unemployment stagnated in April.…
Read more >Magnit Acquires Controlling Stake In Azbuka Vkusa
Russian retailer Magnit has acquired a controlling stake in premium…
Read more >McDonald’s has filed for trademark registration in Russia
McDonald’s has filed an application with the Russian patent office,…
Read more >Related news
What makes us add the product to the cart – research
The latest joint research by PwC and Publicis Groupe Hungary…
Read more >Energy drinks are now legal: what every shopkeeper should know
New regulations on the sale of energy drinks came into…
Read more >The prices of household and hygiene products can also be tracked in the Price Watch
The online Price Monitoring System operated by the Hungarian Competition…
Read more >