Market News
ITM-GVH-MNB: Enhanced cooperation for consumer protection
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...
Read more
The world of work is finally being transformed by the pandemic
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...
Read more
A new method can speed up the identification of crop defects caused by fungal infections
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...
Read moreChamber of Agriculture: EU citizens view the common agricultural policy more favorably
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...
Read more
The Constitutional Court has ruled on the Waste Act
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...
Read more
Surprising data: we don’t start New Year’s resolutions at New Year’s Eve
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...
Read more
The European Court of Justice has ruled in a Hungarian case – cross-border traders can breathe a sigh of relief
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...
Read moreHungarian companies can also benefit from the EU-China agreement
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...
Read more
Award-Winning Store Design and POP Projects
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....
Read moreFidelity: Elephant in the room, or debt stock
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...
Read more
K&H: agriculture needs modern technologies
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...
Read moreAccording to Raiffeisen, the economy is likely to grow by 4 percent this year
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...
Read more
Profession.hu: the Hungarian job market stabilized in the fourth quarter last year
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...
Read more
AM: extends the commitment period of the Bovine Milk and Animal Welfare Call
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”...
Read more
Materials containing plastic and bamboo together should not come into contact with food
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...
Read moreThe EC would provide additional support to help economic operators
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...
Read more
Consumer prices in the euro area also fell in December
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...
Read moreTakarékbank: EB should make clear the environmental expectations of farmers
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...
Read more
Google is launching a tender to digitally catch up with the Central and Eastern European region
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...
Read moreThe Romanian government forecasts a 4.4 percent decline in the economy last year
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...
Read more
Gen Zers are truth barometers
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...
Read moreITM: A third of the shops surveyed made a price indication error last year
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...
Read more
Fruit prices almost doubled
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...
Read more
The difference in net earnings between settlements was nearly thirteen times in 2019
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...
Read more
A nearly 660 million HUF program will be launched to support women entrepreneurs
A business revitalization project called WINGATE was launched in Hungary, which aims to increase the number of successful women businesses in the region. The project is supported by Iceland, Liechtenstein...
Read moreChina is the largest strawberry-producing country
China has produced a total of 3.21 million tonnes of strawberries in one year, with this performance leading the world ranking of strawberries. The United States had 1.02 million tonnes...
Read moreNagy István: agriculture is the most important bastion of the country
The coronavirus pandemic has shown that agriculture and the domestic food industry based on it are the most important bastions of the country – the Minister of Agriculture said at...
Read more
No food can be made from the larvae of the flour beetle for the time being
For the time being, it is still necessary to wait for food to be prepared in the European Union using the larva of the common flour beetle – Magyar Nemzet...
Read moreAldi U.S. helps workers get their COVID-19 vaccine
Joining to other retailers Aldi U.S. plans to set up on-site vaccination clinics at its warehouses and offices in the U.S. as part of its efforts to encourage workers to...
Read moreInflation in Germany was in line with the expectations in December
According to analysts’ expectations, monthly and annual inflation in Germany developed in December. The German Federal Statistical Office (Destatis) said on Tuesday as final data that consumer prices rose by...
Read more