Market News
From Monday, ITM suppliers can apply for a program to support the development of food businesses
Suppliers are expected to apply from Monday for a program to support food businesses. The program was announced last December by the Ministry of Innovation and Technology (ITM). In a...
Read moreAM: one can join to the new risk management system from 1 February
Building on the legal bases adopted by the Parliament in 2020, the Ministry of Agriculture (AM) introduces a new risk management tool for farmers exposed to economic and market risks...
Read moreThe Hungarian National Trade Association and the Magyar Utalvány Zrt. have joined forces for domestic traders.
The Hungarian National Trade Association (MNKSZ) and Magyar Utalvány Zrt. have concluded a cooperation agreement in order to support domestic traders – profitline.hu wrote. According to the agreement, the members...
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In a year, Europe’s largest intermodal terminal will be waiting for Chinese goods at Fényeslitke
Construction has begun on Europe’s largest intermodal terminal in Fényeslitke in the Záhony area. The EWG will be the continent’s most modern land container and combined terminal. The Chinese goods...
Read moreBrexit brought a customs duty
The United Kingdom exited from the European Union (EU) on 1 February 2020 and also left the EU customs union on 1 January 2021, so Hungarian traders, businesses and citizens...
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Store designs help create buzz for cannabis retailers
As many retailers struggle to find a path forward in the wake of the coronavirus, the cannabis industry is continuing to enjoy explosive growth. The U.S. cannabis industry — including recreational...
Read moreLast year, the Romanian economy shrank by 5 percent in the first three quarters
In the first three quarters of last year, the performance of the Romanian economy decreased by 5 percent year-on-year, which is 0.1 percentage points better than the 5.1 percent decline...
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Procrastinated, burnt-out youngsters
Horváth Bence, journalist of 444.hu, wrote an article based on his personal experiences on procrastination and burnout. “I’ve been planning to write an article about procrastination for years, but in...
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Minister of Agriculture: The government spends more than four thousand billion forints on the development of the Hungarian countryside
Through the rural development pillar of the Common Agricultural Policy (CAP), the government can spend a historically large amount of 4,265 billion HUF on the development of the Hungarian countryside,...
Read moreIt was an outstanding year for agriculture
Hungarian agriculture was able to adapt to the changed conditions, and the sector was able to produce outstanding results even in the crisis period – napi.hu wrote. According to preliminary...
Read moreClosed in pounds less, pennies more, but 2021 is already pulling
Now everything is closed, if you want to spend, only the store is open. However, despite the restrictions and the economic downturn, the amount of consumption expenditures did not decrease...
Read moreSMEs are optimistic about the new year despite the pandemic situation
The expectations of the SME sector were not significantly affected by the second wave of the pandemic until November. Based on the fourth quarter results of the K&H SME Confidence...
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Twists in the new warranty order
It may vary in price from store to store, with different warranties. Action may also shorten the warranty period. For online stores and home delivery, the delivery date matters –...
Read moreFidelity: Individual challenges accelerate structural trends
Community distancing, declining store attendance, telecommuting: The Covid-19 pandemic posed a number of challenges to the real estate sector in 2020, and their effects will be felt in 2021, accelerating...
Read moreThis is how the agricultural university works from February
From February 1, 2021, the former Szent István University will continue to operate as a foundation and under a new name, the Hungarian University of Agricultural and Life Sciences –...
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Investor confidence in the euro area returned to pre-crisis levels in January
In January, the euro area investor confidence index of the Sentix Economic Research Institute performed better than expected and for the first time since the coronavirus crisis. Sentix’s investor confidence...
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USA’s best ads in 2020
With nearly 9,000 ads analyzed in 2020 Ace Metrix has rounded up some of the best creative work from this last year. T-Mobile, Snickers and Capital One topped the rankings...
Read moreA wave of bankruptcy is expected in the second half of the year in Austria
The number of corporate bankruptcies fell in Austria last year due to state aid to deal with the consequences of the crisis, but this year the AKV (Alpenländische Kreditorenverband), the...
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GKI: In December, GKI’S economic sentiment index almost completely offset its November fall
GKI’s economic sentiment index rose sharply in December. It almost reached its October level again, which was much more favourable than the April low, but had been at a fairly...
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Grocers start administering COVID-19 vaccines to selected groups
Grocery chains including Albertsons, H-E-B, Hy-Vee and Walmart have started administering COVID-19 vaccines to high-priority recipients as the food-retailing industry gears up for a large-scale rollout of inoculations against the...
Read moreMLBKT: PMI in December indicates a growth
The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in December last year was 51.1 points the same as in November, ie respondents reported more favorable developments for the...
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Google has revealed what are the most important foods of the Hungarians
In April 2020, Brian Dean partnered with Ahrefs to review 11.8 million Google search results. The conclusions of the research were summarized in observations valid for all three areas of...
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From where u got the dough for beer Joey?
Mary Lou, well we don’t repay, we don’t go to restaurants, cinemas, we don’t travel, we refuel less. I need my beer hon’! Well, the value of family spending...
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No hurry to introduce card payment
Online checkout providers, such as shops, restaurants, do not have electronic payment options. This will be mandatory for all of them from 2021 onwards. Most of the 60,000 service providers...
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Meat eaters love vegan burgers
Demand for plant-based foods is growing at an unprecedented rate, with perhaps the most glaring development for “vega” burgers. Who consumes these products primarily, and how can we call the...
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A new training will start for herbalists at the Szent István University
Did you think that in addition to flavoring gingerbread, cloves are also great for sore throats? Did you know that thyme can smell like lemon? Have you ever heard that...
Read moreFidelity: Fiscal policy plays a key role
From the economic effects of Covid-19 to the astonishing fiscal and monetary responses, the markets had an extraordinary year in 2020, and these events will inevitably make their mark on...
Read moreDomestic companies can reduce their burden with digital taxation
The introduction of digital taxation is considered a priority for next year by the leaders of Hungarian companies – it was revealed at EY’s online tax conference with the participation...
Read moreBecause of Brexit, companies need to review how they transfer personal data to the UK
The transitional period for the United Kingdom’s exit from the European Union ended on 31 December. This will also have a significant impact on data protection from 1 January, with...
Read moreKarácsony Gergely announced Budapest’s 2021 budget
Karácsony Gergely announced the consolidated budget of the capital’s local government for 2021, acting within the tasks and powers of the Metropolitan Assembly. The mayor is empowered by the emergency...
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