Market News
More than 30,000 boxes of untaxed cigarettes were seized by NAV
National Tax and Customs Administration (NAV) staff have recently seized more than 30,000 boxes of untaxed cigarettes from a group of Vietnamese nationals with a criminal record. NAV told MTI...
Read moreRetail sales in Germany declined less than expected
Retail sales in Germany fell significantly, but much less than expected, in April as the rapidly spreading coronavirus pandemic peaked. According to preliminary data released by the German Federal Statistical...
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The pace of consumer price inflation in the euro area slowed further in May
The year-on-year slowdown in consumer price inflation in the euro area slowed to a lower-than-expected, but still unprecedented level in almost four years, according to a flash estimate by the...
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Lockdown gives Albanian beekeepers a ‘golden year’
With factories and farms silenced by the coronavirus shutdown, Albania’s bees have been busier than ever, stirring excitement among farmers expecting an unparalleled honey harvest thanks to a respite from...
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NAV sees everything from 1st July
From July 1, the National Tax and Customs Office will see all invoices between two Hungarian taxpayers, so it will have a view of almost the entire Hungarian economy, Lilla...
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The Hungarian Competition Authority will contribute 150 million HUF to the relaunch of the Hungarian economy
The Hungarian Competition Authority (GVH) will return HUF 150 million from its own budget to the central budget to contribute to alleviating the economic damage caused by the crisis caused...
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Business in times of coronavirus – the fifth AGÓRA conference was held online
The biggest business success story of the epidemic is that of the disinfectant manufacturer in Szeged, which increased the production of its product tenfold and built a factory out of...
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Online soccer is a way to celebrate milk now
The Milk Product Council is celebrating in an unusual way. The 45th World Milk Day on World Emergencies is being held online. He will challenge the country to the championship...
Read moreFacts about milk
Codex Alimentarius defines a milk product as a “product obtained by any processing of milk, which may contain food additives, and other ingredients functionally necessary for the processing”. The range...
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Is canned or frozen the more nutritious?
It has long been a matter of debate what kind of food and in what form to take and consume: several conscious nutritional trends consider canned and frozen foods to...
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New timing is needed after coronavirus
Hundreds of well-known people think it is a mistake to believe that our life before the coronavirus epidemic was normal. A new era is needed – said Hungarian actors, activists...
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A promotional was launched for the consumption of milk and dairy products
The Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the Milk Interprofessional Organization and Product Council are launching a campaign to promote the consumption of milk and dairy...
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Turn new shoppers into loyal customers
C-store retailers have welcomed millions of new customers through their doors as people adapt to life under lockdown worldwide, but how can retailers hang on to these shoppers in the...
Read moreKSH: investments decreased by 1.8 percent in the first quarter
Partly due to the domestic and international economic effects of the coronavirus pandemic, a longer-term increase in investment was broken, with the volume of developments in the first quarter decreased...
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KSH: earnings grew by 9 percent in March
In March, the average gross earnings were 400,400 HUF, 9.0 percent more than a year before. In the first quarter, both gross and net average earnings increased by 9.1 percent...
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The epidemic pushed back the number of shopkeepers selling manufactured goods
Already in March. The 15-hour closure of manufactured goods stores has already held back the number of shoppers and the number of shop assistants. The dismissal of 4-5 thousand people...
Read moreNagy István: another 80 billion HUF to support animal husbandry and horticulture
The Ministry of Agriculture (AM) announces new agricultural investment tender package worth 80 billion HUF in the summer for high value-added livestock and horticulture sector, in order to reduce the...
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Holidays, real estate, cars are what Hungarians are planning this year
One of the most important questions in recent weeks is how life will resume after the frestrictions are lifted and the first wave of the pandemic is expected to subside....
Read moreThe European Commission has presented a tool to strengthen economic recovery and resilience
The European Commission unveiled its financial instrument to help restore the economic crisis caused by the coronavirus pandemic and strengthen economic resilience (RRF) at its press conference on Thursday. The...
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Four-day work week would be introduced soon?
As a result of the new coronavirus pandemic, voices flared up again that it wouldn’t be so devilish to introduce a four-day work week, which means natural three-day weekends for...
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Economic sentiment in the euro area and the EU improved in May
Although less than expected, the economic sentiment index in both the euro area and the EU improved in May from an 11-year low of the previous month – according to...
Read moreThe Sunday shop closure has been lifted in Croatia, whileschools are opening in Slovenia
In Croatia, the Sunday lock was lifted citing the excellent epidemiological situation, and in Slovenia, all students will be able to go to school from next week – was said...
Read moreThe German economy could recover in nine months, according to the ifo forecast
The gross domestic product of the German economy will fall by 6.6 percent this year, based on the revised version of the Ifo Institute for Economic Research in Munich’s 2020/2021...
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The domestic poultry sector is now in the depth of the pit
In addition to the coronavirus epidemic, the forint-euro exchange rate and bird flu, declining production is slowly beginning to have an impact on the poultry market. The sector may have...
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Hungarian agriculture will receive another 80 billion HUF in support
By August, it will announce another agricultural tender package with a budget of HUF 80 billion, and it will create 9 decrees in this regard, said Minister of Agriculture István...
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Companies are clearing off their portfolios all over the world
Ersnt and Young’s Global Capital Confidence Barometer survey indicates when executives expect the upturn to begin, and what they’re doing to prepare for it. The Capital Confidence Barometer survey forms...
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Fitch: Coronavirus Shock Broadens
The economic fallout from the coronavirus crisis continues to broaden and deepen but Fitch Ratings’ forecasts are starting to show some signs of stabilisation. Activity levels should start to rise...
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NMHH: number of advertising spots has decreased
Compared to the beginning of March, the number of advertising spots decreased by about ten thousand by the end of the month, the authority’s communications directorate told MTI on Wednesday,...
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KSH: emplyment decreased by 56,000 February-April, compared to the year before
In the three-month period of February-April, the average number of employees was 4 million 436 thousand, 1.2 percent ie56 thousand lower than a year earlier – the Central Statistical Office...
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Walmart joins secondhand resale
Beginning 27. May, Walmart is offering some 750,000 pre-owned women’s and children’s clothing, accessories, footwear and handbags through a new partnership with resale site ThredUp. Free returns can be made...
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