Market News
Danish fish crab contaminated with nematode has withdrawn from the market
The National Food Chain Safety Authority (Nébih) has withdrawn the Twist branded fish crab from Denmark for filament nematode contamination – the agency announced on Friday. According to the information,...
Read moreGrain dealers in Tatabánya are accused of three billion HUF damage
The Tatabánya District Prosecutor’s Office accused two executives of a Tatabánya district prosecutor’s firm who entered into contracts despite the company’s insolvency and caused damages to 191 people – the...
Read moreReal wages increased by 4.2 percent last year in the Czech Republic
The average wage in the Czech Republic at the end of last year was 34,125 crowns (443,625 forints), which is an annual increase of 7.1 percent, compared to the end...
Read moreChina’s exports dropped significantly in the first two months of the year
China’s exports and imports dropped significantly in the first two months of the year as a result of a new type of coronavirus. According to Chinese Customs data released Saturday,...
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Magazine: Sipping on innovations
The Association of Hungarian Brewers reported that the unusually cold weather in May 2019 entailed a considerable sales decrease in the beer category, and there were no long hot periods...
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The Media Council advertises resorts, refreshments, and food in most product placements
Most product placements advertise resorts, refreshments and food, according to the latest study on product placements discussed by the Media Council. The National Media and Communications Authority’s (NMHH) communications directorate...
Read moreTendering opportunities for Hungarian wines will be opened
Over the next three years, the ministry of agriculture will provide a total of 4.8 billion HUF support of EU funds to promote Hungarian wines – the Ministry of Agriculture...
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The proportion of companies owned or run by women is increasing
Today, compared to the 10 percent in 2010, 14 percent of domestic businesses are owned or managed by women – origo wrote after Népszava, on the basis of the statement...
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We won’t be oily with the new Japanese chip bag
Potato chips are at their most delicious when you munch on them while doing something else, like watching TV, playing video games, or checking the Internet’s undisputed most important website....
Read moreGrowth forecasts continue to worsen due to the coronavirus
Larger London financial and economic analysts are steadily undermining this year’s global growth forecasts due to the negative effects of the new type of coronavirus epidemic. According to recent analysts...
Read moreGerman retail sales increased in January
Retail sales increased more than expected in January on an annual basis in Germany, according to a report released on Wednesday by the German Federal Statistics Office, Destatis. Compared to...
Read moreRomanian 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...
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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...
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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...
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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...
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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...
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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