Market News
Palm oil at the peak of a decade
Date: 2021-01-22 11:11:07
From chocolate to toothpaste, the price of palm oil used in almost every food or household item has risen to a peak of almost a decade, and prices seem to...
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Government debt as a share of GDP has increased in the euro area and the EU
Date: 2021-01-22 11:03:49
The ratio of government debt to gross domestic product (GDP) increased by the end of the third quarter, compared to the quarter and a year earlier as a result of...
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Consumer confidence in the EU deteriorated in January
Date: 2021-01-22 11:02:49
In January, consumer confidence in the euro area and the European Union deteriorated, compared to December. According to a preliminary flash estimate published by the European Commission on Thursday, the...
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Kraft Heinz Canada asked people to draw ketchup
Date: 2021-01-22 10:30:19
Heinz invites Canadians to submit a drawing of ketchup for the chance to win a limited-edition, customized Heinz Ketchup Bottle. The campaign was inspired by a global experiment in which...
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Equilor: the Hungarian economy may expand by 4 percent this year
Date: 2021-01-21 11:35:50
The Hungarian economy may expand by 4 percent this year after last year’s expected 6 percent decline, but there is a lot of uncertainty, according to the latest analysis by...
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The Net Zero Advisory Board for the carbon-neutral Hungarian economy was established with the involvement of renowned experts
Date: 2021-01-21 11:21:35
The Net Zero Advisory Board has been formed in a uniquely broad collaboration with renowned experts, the primary goal of which is to facilitate and accelerate the process by which...
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ITM-GVH-MNB: Enhanced cooperation for consumer protection
Date: 2021-01-21 11:21:22
The Ministry of Innovation and Technology (ITM), the Hungarian Competition Authority (GVH) and the Magyar Nemzeti Bank (MNB) have renewed their cooperation agreement aimed at eliminating unfair commercial practices against...
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The world of work is finally being transformed by the pandemic
Date: 2021-01-21 11:20:26
In a labor market that is changing as a result of the global pandemic, job security has become more important than ever: Hungarian workers are also willing to make serious...
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A new method can speed up the identification of crop defects caused by fungal infections
Date: 2021-01-21 11:19:30
Due to the growing importance of food safety and increasingly stringent consumer expectations, increasingly modern technological procedures are also helping to control food quality. Double-spore mushroom samples showing symptoms of...
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Chamber of Agriculture: EU citizens view the common agricultural policy more favorably
Date: 2021-01-21 11:18:54
Both European citizens and the Hungarian population have a more favorable view of farmers and the Common Agricultural Policy (CAP) than in recent years, according to the latest report from...
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The Constitutional Court has ruled on the Waste Act
Date: 2021-01-21 11:16:27
Decision of the CC can be read here: https://www.alkotmanybirosag.hu/uploads/2021/01/sz_i_2105_18.pdf https://www.alkotmanybirosag.hu/a-legfrissebb-dontesek...
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Surprising data: we don’t start New Year’s resolutions at New Year’s Eve
Date: 2021-01-21 11:12:18
Whether it’s about achieving the ideal shape or a healthier lifestyle, most people don’t take the New Year resolutions New Year character strictly. Even though we call it a New...
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The European Court of Justice has ruled in a Hungarian case – cross-border traders can breathe a sigh of relief
Date: 2021-01-21 11:08:16
With its recent ruling in the Hungarian Bakati case, the European Court of Justice has settled VAT refund cases for foreign travelers and apparently is announcing a winner in the...
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Hungarian companies can also benefit from the EU-China agreement
Date: 2021-01-21 11:05:21
Following the entry into force of the Investment Agreement between the EU and China, EU companies, including Hungarian companies, will no longer be required to set up joint ventures and...
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Award-Winning Store Design and POP Projects
Date: 2021-01-21 11:04:18
Shop! HQ *POPAI Hungary’s mother organisation together with the Retail Design Institute presented some of the world’s most innovative retail and POP designs. The webinar was on 21. January 2021....
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Fidelity: Elephant in the room, or debt stock
Date: 2021-01-21 11:04:14
The economies of the countries quickly recovered from the first wave of the Covid-19 pandemic, but many of them have introduced even tougher austerity measures, which will only be eased...
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K&H: agriculture needs modern technologies
Date: 2021-01-21 09:22:15
There is a growing need for modern technologies in agriculture due to consumer, environmental and economic changes, K&H told MTI on Wednesday. Climate change and the transformation of consumer expectations...
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According to Raiffeisen, the economy is likely to grow by 4 percent this year
Date: 2021-01-20 11:40:47
According to the most likely scenario this year, the economy will expand by 4 percent, but this is conditional on a significant easing of epidemiological restrictions by the end of...
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Profession.hu: the Hungarian job market stabilized in the fourth quarter last year
Date: 2021-01-20 11:25:48
Last year, the Hungarian job market stabilized in the fourth quarter: the number of new job advertisements was only one percent lower than in the same period of 2019, Profession.hu...
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AM: extends the commitment period of the Bovine Milk and Animal Welfare Call
Date: 2021-01-20 11:20:02
Due to the length of the legislative procedure for the Common Agricultural Policy after 2020, the Ministry of Agriculture (AM) extended the commitment period of the “Animal Welfare Restructuring Support”...
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Materials containing plastic and bamboo together should not come into contact with food
Date: 2021-01-20 11:15:31
Marketing of food contact products containing plastic and bamboo together is banned in EU member states, National Food Chain Safety Agency (Nébih) grants grace period to distributors until next quarter...
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The EC would provide additional support to help economic operators
Date: 2021-01-20 11:15:25
According to the European Commission, economic operators need additional support due to the coronavirus pandemic, and the panel is proposing to extend the deadline for the application of temporary state...
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Consumer prices in the euro area also fell in December
Date: 2021-01-20 11:05:51
In December last year, for the fifth month in a row, consumer prices fell on an annual basis in the euro area, according to a report published by the European...
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Takarékbank: EB should make clear the environmental expectations of farmers
Date: 2021-01-20 11:04:26
The European Commission (EC) should clarify the environmental obligations of farmers in the new Common Agricultural Policy (CAP), said Takarékbank’s Executive Director responsible for Agricultural and EU Relations. In a...
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Google is launching a tender to digitally catch up with the Central and Eastern European region
Date: 2021-01-20 11:02:28
Google has announced the Google.org Impact Challenge program for countries in the Central and Eastern European region, which aims to support organizations working to catch up digitally and promote inclusive...
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The Romanian government forecasts a 4.4 percent decline in the economy last year
Date: 2021-01-20 11:02:05
The Romanian government’s Economic Forecasting Committee expected the performance of the Romanian economy to decline by 4.4 percent last year compared to 2019, a worse forecast than the 3.8 percent...
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Gen Zers are truth barometers
Date: 2021-01-20 10:33:04
Half of U.S. Gen Z respondents aged 18 to 23 years will always research a company to ensure it aligns with their position on corporate social responsibility before making a...
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ITM: A third of the shops surveyed made a price indication error last year
Date: 2021-01-19 11:55:21
Last year, consumer protection inspected the price display and application practices of about five thousand stores, and specialists found deficiencies at nearly 1,700 locations – the Ministry of Innovation and...
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Fruit prices almost doubled
Date: 2021-01-19 11:45:05
Both in 2020 and 2019, Hungarian fruit growers had a very bad year, so in two years the fruit prices in Hungary increased significantly, almost doubling – Apáti Ferenc, chairman...
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The difference in net earnings between settlements was nearly thirteen times in 2019
Date: 2021-01-19 11:40:25
According to NAV data, in 2019 the average monthly salary (employment income) was HUF 295 thousand gross, which meant HUF 200 thousand net per month. There was a significant difference...
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