Market News
What does the extraordinary tax and contribution discount mean?
In order to mitigate the economic impact of an emergency situation caused by the coronavirus epidemic, the Government issued a decree on 18 March providing almost complete individual contribution exemptions...
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Exemption from customs duties and import duties on products imported to combat the epidemic
According to the decision of the European Commission, published on 3 April, importers imported goods into the European Union from a third country to fight the COVID-19 epidemic do not...
Read moreSeasonal agricultural workers are allowed to enter Germany with strict restrictions
The total ban on the coronavirus epidemic in March will be lifted and tens of thousands of foreign seasonal agricultural workers will still be allowed to enter Germany under strict...
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Tens of millions are at risk of famine in Africa
The coronavirus epidemic could exacerbate food insecurity in Africa. The United Nations World Food Program (WFP) sais that up to 2.1 million people in the Sahel area could be left...
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The consumption of dog and cat meat in Shenzhen, South China is banned
Consumption of dog and cat meat was banned in Shenzhen, South China, after the Chinese government introduced a ban on wild game consumption and trade following the appearance of the...
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Magazine: More exhibitors and visitors at this year’s Sirha trade show
International food and HoReCa trade show Sirha Budapest took place between 4 and 6 February 2020, and it was very successful from both professional and business perspectives. The venue was...
Read moreNAK prepared a food situation panorama
The food supply of the population is continuous and will continue to be continuous in the future. The National Chamber of Agriculture, based on information from 1 April, carried out...
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The Egg association does not expect price changes until Easter
Until Easter, egg prices will no longer change due to the coronavirus situation – the president of the Hungarian Egg Hybrid Breeders ‘and Egg Producers’ Association told Kossuth Radio on...
Read moreThe impact of coronavirus on online shopping
The effects of the coronavirus have also quickly emerged on the demand and supply side of the market in online commerce. Árukereső.hu, Hungary’s most visited product and price comparison site,...
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NAK sees significant sales problems in the rabbit sector
96 percent of the domestically produced rabbit meat products are sold on European markets, but demand in some countries has fallen dramatically, according to an analysis conducted by the National...
Read moreA huge increase in German export of disinfectants
German disinfectant exports jumped 20 percent in January, compared to the average of the previous five years, according to a report of the Federal Bureau of Statistics, Destatis published on...
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World food prices drop in March
World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to...
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FAO: Mitigating impacts of COVID-19 on food trade and markets
Millions of people around the world depend on international trade for their food security and livelihoods. As countries move to enact measures aiming to halt the accelerating COVID-19 pandemic, care...
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Love in the Time of Cholera aka a warning from Mother Earth
The famous book by Gabriel Garcia Márquez has become topical from a different perspective recently. Perhaps the most important conclusion that can be drawn from it is there is only...
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RetailZoom:Exploding categories for the Domestic Chains
In our latest article we have shown how the outburst of the Corona Virus has completely changed consumer shopping habits in the Domestic Chains (and everywhere else) in just a...
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POPAI-news: No more Flying Dutchman
POPAI and Shop!* chapters keep in touch and the member organizations are constantly informing each other about the consequences of the virus situation, with particular regard to the development of...
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The domestic brewing industry was united for small-scale beers
The restrictions and closures created by the corona virus have completely disrupted everyday life and business life. Responding to the situation, the brewing industry is helping each other and the...
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The packaging industry could change radically
Recently, the packaging industry is experiencing very strong impulses, which are expected to significantly transform the industry and accelerate its earlier processes. The EU ban on single use plastics from...
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ITM: unjustified accumulation results in the increase of household waste
Excessive accumulation of basic consumer goods has led to an increase in waste, and unused and deteriorated non-durable products that pose an enormous burden on the environment, the Ministry of...
Read moreMLBKT: the value of the purchasing manager index decreased by almost half
In March, the impact of the coronavirus epidemic unfolded. The Purchasing Manager index fell to 29.1 points from the previous month’s 50.3 points – the Hungarian Logistics, Purchasing and Inventory...
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Competition law can also be rewritten by the coronavirus epidemic
Collaboration and state involvement are essential to address the economic effects of the crisis caused by the coronavirus, but no matter how. The widespread shock to the economy as a...
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Tips for working from home
The AFP News Agency estimates that nearly 1 billion people from 50 countries have recently been asked to work from home, and that number is growing day by day. For...
Read moreLogistics organizations. urgent measures are needed to secure the transport of goods
Urgent measures are needed to prevent the logistics sector, which plays an essential role in defense, in supplying the population and maintaining the economy, in the short term. Gridlocks around...
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The Takarékbank started to adjust the limit of POS terminals before the deadline
The limit for POS terminals operated by Takarékbank (Savings Bank) for card payments is being constantly adjusted so that before the April 15 deadline, one-touch purchase of 15 thousand forints...
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Prohibition of termination: can leases be terminated?
For the most severely affected sectors, leases for non-residential premises may not be terminated by June 30, 2020, according to a government decree. However, what about a breach of contract?...
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(HU) Így alakult a pánik-index a járvány idején a fogyasztás szempontjából
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(HU) Podcast – Dr. Nagy István és Győrffy Balázs: A koronavírus-járvány várható hatásai
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Read moreWe don’t have to worry about food shortages
Despite the coronavirus pandemic, there will be no shortage of food in Hungary, and this will continue in the coming months. The government is making every effort to continue to...
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KSH: average earnings increased by 9.2 percent in January
National average gross earnings in January were 375 thousand HUF, up 9.2 percent year-on-year, while excluding the public sector they were HUF 385 thousand 300 HUF, up 8.8 percent. For...
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