News and articles
The special tax could overwhelm stores, with $ 160 billion to be paid this year
The extra-profit tax became an additional tax, as the retail tax for all shopkeepers jumps above HUF 500 million. According to our conservative estimate, the nearly 80 billion retail taxes...
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Inflation in Europe is at a record high
Recent consumption data show that the recovery in meals and holidays is strong enough to offset the weakness in production, while Russia’s invasion of Ukraine and coronavirus variants in China...
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(HU) A négynapos munkahetet már Angliában is bevezették
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Fear of recession breeds EU economic reform
EU economic commissioner Paolo Gentiloni said on Saturday he intended to put forward a reform of the eurozone’s stability pact after the summer, adding that the new rules could likely...
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(HU) A pünkösdi ülésén határozott a kormány: rengeteg különadó jön
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NAK: The period for setting and paying the membership fee of economic organizations has started
The period of setting and paying the membership fee of economic organizations at the National Chamber of Agriculture (NAK) has started, the deadline for paying the membership fee is 15...
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KSH: The turnover of retail stores increased by 15.8 percent
According to the raw data, the volume of retail trade turnover in April this year was 15.7 percent higher than in the same period of the previous year, adjusted for...
Read moreAnalysts expect consumption to increase slowly
Analysts who report to MTI expect a further dynamic expansion of retail sales, according to which consumption growth may gradually slow down in the second half of the year. According...
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Retail sales declined in the euro area and the EU
Retail sales declined in April in the euro area and the European Union on a monthly basis. The European Union’s statistical office, Eurostat, said on Friday that retail sales fell...
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FAO: World food prices fell in May for the second month in a row
For the second month in a row, global food prices fell in May, mainly due to lower prices for vegetable oils and dairy products. According to data released by the...
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Inflation has accelerated in OECD countries
In the countries of the Organization for Economic Co-operation and Development (OECD), consumer prices rose by an average of 9.2 percent year-on-year in April from 8.8 percent a month earlier....
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Producer price inflation has slowed in the euro area and the EU
On a monthly basis, producer prices in the euro area and the European Union accelerated at a record rate of year-on-year. The EU’s statistical office, Eurostat, said on Thursday that...
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IDC: smartphone shipments may fall this year
Global smartphone shipments could drop 3.5 percent to 1.31 billion this year, according to the U.S. International Data Corporation (IDC) IT and telecommunications market research firm....
Read moreMinistry of Agriculture: tender for animal welfare support in the beekeeping sector has been published
The Ministry of Agriculture (MoD) has announced an animal welfare subsidy for bees with a budget of HUF 10 billion, the head of the István Nagy announced in a statement...
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OTP establishes a joint venture in China
OTP is establishing a joint venture in the People’s Republic of China with a 15 percent stake in consumer lending, and the partners signed agreements on June 2, 2022, OTP...
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AM: Among natural values and resources, forests play a key role today
Protecting and preserving nature is a shared responsibility and task, the role of forests and forestry in the future of the Earth’s environment cannot be overemphasized, said the State Secretary...
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Half of the energy output of printing could be saved with inkjet printers, according to one study
Replacing all office laser printers with inkjet printers by 2025 could reduce energy emissions to 52 percent of current levels, saving 1,300 million kilograms of carbon dioxide, equivalent to withdrawing...
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Ministry of Agriculture: another help in the fight against frost damage
The call for the purchase of machines against spring frost damage will reopen, the Ministry of Agriculture told MTI on Saturday. The Ministry emphasized that extreme weather events, climate change...
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TIM: fuel supply is still provided in Hungary
Fuel supply continues to be provided in Hungary, the Ministry of Technology and Industry (TIM) told MTI. According to the press release, Hungary’s fuel supply has been secured despite the...
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OMV’s petrol stations in Hungary may close, Mol will not be able to cover the shortage
The Austrian OMV refinery in Schwechat will not be able to restart in time after regular maintenance due to the plant’s shutdown, VG wrote on its website on Friday, citing...
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AMC: own-brand products may be one of the breaking points for Hungarian food producers
Consumer confidence in own-brand products is growing, the market can be expected to strengthen further, and this segment could also be one of the breakthroughs for the success of Hungarian...
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World Milk Day is the success of the dairy sector in Hungary today
It took a lot of work to make the dairy sector a success in Hungary today, based on the cooperation of processors and producers, the involvement of retailers in the...
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Unique wine business training starts at the Tokaj-Hegyalja University
The Tokaj Wine Business Institute (TWBI) under the auspices of the University of Tokaj-Hegyalja (THE) will launch a wine business manager training in the autumn. During the one-year postgraduate course...
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KSH: in March, the foreign trade deficit was 708 million euros
The foreign trade deficit in goods was 708 million euros in March, the adjusted volume of exports decreased by 6.4 percent and that of imports by 4.4 percent compared to...
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AM: The Hungarian State Beekeeping Farm is 120 years old
The Department of Beekeeping and Bee Biology of the National Center for Biodiversity and Gene Conservation plays a special role in the Hungarian beekeeping sector. The department next to the...
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Mastercard launches biometric cash register program
Mastercard is launching a biometric cash register program based on portrait and fingerprint readings, the global financial technology company told MTI. According to Mastercard, the initiative requires fewer waiting times...
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A festival of Siller wines will be held this weekend in Paks
After a two-year hiatus, the National Siller Festival will be held again in Paks. The 13th Festival of Siller wines will also feature a tasting of the best sillers and...
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This happened at the World Milk Day event of the Dairy Product Council
Due to the positive properties of milk and to draw people’s attention to the importance of calcium intake, the United Nations World Food and Food Organization (FAO) has designated June...
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CSAOSZ: packaging design with the intention to recycle
It is organizing an all-day conference with the participation of international and domestic speakers entitled “Recycling-Oriented Packaging Design”. The conference will feature a guide to Packaging design for recycling, developed...
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One of the most pressing problems of the Hungarian economy is the lack of labor, the solution may be the employment of third-country workers
Thanks to a new government decree since July last year, workers from eleven non-EU countries can now come to Hungary on concessional terms. The relevant provision is expected to be...
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