Market News
Romanian retail sales started the year well
According to raw data, Romanian retail sales rose 11.1 percent in January compared to the first month of last year, the Romanian National Institute of Statistics announced on Wednesday. Seasonal...
Read more
Outfit for clothing manufacturers
As China’s quarantine measures lead to production shortages at the world’s largest textile manufacturer, fashion companies are running out of raw materials – origo wrote. The delivery of summer and...
Read more
PwC survey: Hungarian CEOs in wait-and-see mode, expecting a slowdown in 2020
Most Hungarian CEOs predict a slowdown in both global and Hungarian economic growth in 2020, according to PwC’s latest Hungarian CEO Survey. While CEOs are confident about their own company’s...
Read more
Magazine: In the first line of CSR – CSR Hungary Awards 2019
For 12 years CSR Hungary has been rewarding the firms and organisations that take corporate social responsibility seriously. In 2019 22 winners were announced and at the award ceremony CSR...
Read more
KSH: retail sales increased by 7.6 percent in January
Retail sales grew by 7.6 percent in January, according to both raw and calendar-free data, compared to a year before – the Central Statistical Office announced on Wednesday. Growth has...
Read moreThe spring pork promotion campaign has started again
In 2020, the Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC), the Intercultural Animal and Meat Trade Organization and Product Board (VHT), and the Hungarian Meat Industry Association will...
Read more
The European Court of Justice has ruled on the Hungarian Government in special tax cases against Tesco and Vodafone
The European Court of Justice has ruled in two special tax cases in Hungary, in the special retail and telecommunications tax cases in force between 2010 and 2012. In one...
Read moreThe Pálinka Knight Order would offset neta’s traffic-reducing effects with VAT cuts
Last year, the sales of pálinka fell by about 60 percent as a result of the introduction of the public health product tax (neta), and the Hungarian Pálinka Knight Order,...
Read moreCompanies are increasingly recognizing the impact of environmental solutions on profit
Businesses around the world have come to a turning point, recognizing that taking environmental considerations into account is not only a good strategy, but also a viable strategy – accordingg...
Read more
Monthly retail sales in the euro area rose as expected in January
In January, retail sales in the euro area grew at the rate expected by analysts in December, surpassing the estimated growth rate of a year earlier. The European Union’s statistical...
Read moreNagy István: Hungarian farmers continue to expect predictability and stability
Hungarian farmers can expect a predictable and stable support policy this year as well – Nagy István Minister of Agriculture said at the Portfolio Group Agriculture 2020 conference in Kecskemét....
Read more
Hungarian cardholders would rather pay with their fingerprints than with passwords
• New Visa survey finds Hungarian consumers feel more secure and comfortable with fingerprint or other biometric authentication than traditional methods • 19percent of Hungarian consumers have already quit online...
Read more
The direction of tax control is changing, with the emphasis on encouraging compliance
The National Tax and Customs Administration (NAV) is undergoing a major change, which in the long run may result in the organization being able to continuously monitor all domestic taxpayers...
Read more
Sterilized Cat Atlantik-Lachs product.
The German manufacturer has ordered the product to be recalled. This type of cat food is also available in Hungarian shops – the National Food Chain Safety Authority (Nebih) points...
Read more
Lindt expects chocolate prices to increase
Swiss premium chocolate maker Lindt & Sprüngli says they will have no choice but to raise prices after two African countries charge a sizeable premium to pay the poorest farmers...
Read more
Euro-area unemployment stagnated on an almost 12 years low
In line with market expectations, the euro area unemployment rate stagnated in January at a low of almost 12 years. According to a report released Tuesday by the Statistical Office...
Read moreDucks against locusts
China is planning to send up to 100,000 ducks to Pakistan to help the country contain a huge plague of locusts – origo wrote, after Asia Times. Locusts have erupted...
Read moreGlobal sales of smartphones have declined
In the last quarter of last year, 406.64 million smartphones were sold worldwide, which is a decrease of 0.4 percent, compared to the same period in 2018. Gartner, a US...
Read more
Nébih has lifted some restrictions due to avian flu
On Monday, the National Food Chain Safety Authority (Nébih) lifted restrictions on highly pathogenic avian influenza in Komárom-Esztergom and Hajdú Bihar counties. From now on, domestic and EU poultry shipments...
Read moreThe market reporting obligation for certain dairy products has been extended until 2023
The Ministry of Agriculture (AM) has extended the scope of the market reporting obligation for certain dairy products to the Dairy Interbranch and Product Council until 2023 – the council...
Read moreMLBKT: PMI indicates minimal growth
The seasonally adjusted February Purchasing Manager Index (PMI) was 50.1 points, down from 52.2 in January and the fourth lowest since February 1995 – the Hungarian Logistics, Purchasing and Inventory...
Read moreImmediate bank transfer will have a big impact on curbing cash flow
It will have a huge impact on curbing cash flow if an immediate bank transfer is triggered – Trencsán Erika, leading financial expert told M1 news channel on Saturday. The...
Read moreThe OECD has lowered its global growth forecast
Since the economic and financial crisis, the world economy is expected to suffer the biggest decline due to the outbreak of the coronavirus – according to the Paris-based Organization for...
Read more
SAP Plastics Cloud or Technology for the Environment
New global marketplace for companies to use recycled plastics and other alternatives; partnership with an ocean-going sailing expedition of a women’s scientific research initiative; sustainability assessment of the harmful effects...
Read moreDisposable plastic bags were banned in New York State
On March 1, a ban on disposable plastic bags came into effect in New York, where about 23 billion plastic bags have been sold each year – origo wrote. The...
Read more
Magazine: Wining and dining ten years from now
Earlier I already told on the pages of this magazine that by 2030 there will be approximately 110 megapolises on planet Earth, each with a population bigger than 5 million....
Read moreAM: irrigation and digitalisation also increase competitiveness
Strengthening the livestock sector, spreading digitization and increasing irrigated areas are also needed to increase agricultural performance – Farkas Sándor, parliamentary secretary of the Ministry of Agriculture said at a...
Read moreKSH: investments increased by 5.9 percent in the fourth quarter of 2019
Investments increased by 5.9 percent in the fourth quarter of 2019, compared to the same period of 2018, with the fastest record growth of 14 percent, the Central Statistical Office...
Read moreA new wine law is being prepared
The third wine law has been drafted since the change of regime – the Secretary General of the National Council for Mountain Communities told M1 news channel on Saturday. Brazsil...
Read more