Market News

Estonians have the most competitive tax system in the world

In 2019, Estonians have the world’s most competitive tax system – for the sixth time. Corporate tax is the key – Világgazdaság Online wrote. Estonians know something very well. We...

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Throne Claims in the Online Advertising Market

Currently, two large companies still dominate the online advertising market, Google and Facebook. However, in recent times, a whole team of young companies have begun to claim the throne. Trends...

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American alternative meat goes to Russian grocery stores

US-based Beyond Meat’s alternative meat will be sold in 29 grocery stores from next week in Moscow in – the Russian daily Vedomosztyi announced on Friday. The price of a...

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Consumer spending in the United States increasede slightly in September

As in the previous month, US consumers have saved more and barely increased their spending in September, while wages and salaries have stagnated, making it doubtful that consumers will be...

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Ifo’s fourth quarter euro area sentiment index deteriorated

Economic sentiment in the euro area deteriorated significantly in the fourth quarter, according to a study sent to MTI by the Ifo Economic Research Institute of the University of Munich...

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The insecticide used on Japanese rice plantations may have caused fish death

A Japanese research team found convincing evidence that neonicotinoid insecticides used on rice plantations could have killed two fish stocks – the Phys.org science portal wrote, after Science Journal. Olaf...

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GDP growth slowed down and inflation decelerated as well

he Hungarian economy increased outstandingly in the first half of 2019, by 5.1 per cent, the same rate as last year. Until now, this rate has been the fastest in...

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Krisán László at Business Days

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Magazine: Differing trends for discount supermarkets

Sales by discount supermarkets only increased by 0.1 percent in Germany in the first half of the year. Low prices attract German consumers less than they used to – reported...

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KSH: exports increased more than imports in August

The value of exports, measured in euros, grew by 2.7 percent in August and imports by 1.2 percent. The export surplus on trade in goods was 60 million euros, 122...

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AM: reference prices and average yield data were published for this year’s claim for compensation

Reference prices and average yield figures for the 2019 claim for compensation have been published – the Ministry of Agriculture (MTI) informed MTI on Thursday. According to the announcement, producers...

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PwC: carbon intensity reduced by less than half of the target

The pace of global decarbonisation seems to have come to a halt, after moderate progress over the previous four years. If this trend continues, countries will not be able to...

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German retail sales improved less than expected in September

In September, German retail sales grew less than expected both in annual and monthly terms. Destatis, the German Federal Bureau of Statistics, announced on Thursday that retail sales grew 3.4...

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African swine fever: another 13,000 animals in Romania to be killed to prevent the spread of infection

The Romanian Animal Health and Food Safety Authority (ANSVSA) decided to kill nearly 13,000 more pigs on Friday after the African swine fever (ASP) virus was detected on a farm...

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GfK Purchasing Power: in Europe 14,739, Hungary 7,416 euros are available to an average citizen in 2019

In 2019, an average European citizen has 14,739 euros for purchasing. However, there are significant differences in net income between the 42 countries surveyed. Liechtenstein, Switzerland and Luxembourg have the...

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Wine grape vintage can be excellent this year

Less than expected wine grapes have been harvested, but it looks like this year’s will be an excellent vintage – Légli Ottó, president of the National Council for Mountains, adding...

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KSH: double-digit earnings growth continues

In August, average gross earnings grew by 11.5 percent year-on-year to 358,000 HUF. The average net income without allowances amounted to 238,700 HUF taking the benefits into account reached 246...

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Irrigation is supported by a new bill from the Ministry of Agriculture

The bill on irrigation farming was brought before the National Assembly, one of the main principles of which is, according to the farmers’ request, that irrigation is a public interest...

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AM: damage compensation can be claimed for drought damage

A statement by the Minister of Agriculture under the Drought Mitigation Scheme states that this year there was drought throughout the country, allowing affected farmers to receive compensation wherever they...

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Newer settlements have begun to develop kitchen facilities for children

In another 68 settlements, kitchen developments aimed at improving the conditions of child catering. The program begins with a total of 2 billion HUF government support – Varga Mihály, Minister...

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The preparation containing ragweed has been blocked by Nébih

During a number of official inspections, a total of about 10 liters of illegally sold ragweed products intended for human consumption were immediately removed from the market and officially sealed...

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Economic sentiment deteriorated in the euro area and in the EU in October

Economic sentiment in the euro area deteriorated more than expected for the second consecutive month in October, reaching a five-year low, as industry sentiment is increasingly spreading to services and...

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Household consumption fueled French economic growth

France’s economy grew more than expected in the third quarter, driven by strong domestic demand, according to data released on Wednesday by the French Bureau of Statistics (Insee). According to...

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Smoking ban will be introduced in Austrian restaurants from 1 November

The smoking ban in Austrian catering units will take effect from midnight on 1 November. Meanwhile, the authorities are also prepared to monitor compliance with the Regulation. From 1 November,...

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Experience is the new measurement unit

How can the shopper experience be taken to a new level? The time has come for companies to introduce a new measurement unit: With the help of the return on...

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Magazine: End of year wurst-litzer with free-from hits!

Wieners and frankfurters are two of the most popular meat products, their buyer base is stable and demand for them has increased recently. András Muzsek, CEO of Sága Foods Zrt....

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Éder Tamás at Business Days

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Further measures are needed to strengthen the competitiveness of agriculture

The strengthening of the competitiveness of Hungarian agriculture may offer solutions to many of the future challenges facing the sector, but this requires further action and support – Nagy István...

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One of the prepacked carrots examined did not pass the Nébih’s test

Pre-packed carrots were tested in the latest Supermenta test by the National Food Chain Safety Authority (Nébih). Ten out of the eleven samples met food safety standards, but in one...

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ITM Minister of State: more than 70 factories await the guests on the Night of Modern Factories

More than 70 factories nationwide will open its gates on the Night of Modern Factories on November 15 – the Minister of State of the Ministry of Innovation and Technology...

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