Market News
The world economy may lose more than 1,000 billion USD this year
While China’s economic growth will be hard pressed by the effects of the corona virus, Oxford Economics analysts say the entire world economy may lose more than 1,000 billion USD...
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A soup powder was called back because of an unlabeled allergen ingredient
Allergenic material – milk – may have been added to Demae Ramen Spicy soup powder, which was not labeled on the product, so Nissin Foods GmbH recalls the product marketed...
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Eight hundred million VAT fraud has been uncovered by the tax authority
A man who cheated on VAT on meat imported from abroad has caused about 800 HUF million loss to the budget, and the National Tax and Customs Board (NAV) is...
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The economic performance of the euro area improved in February
The eurozone’s economy performed better than expected in February, according to a preliminary survey released on Friday by the IHS Markit Economic Research Institute in London. In the euro area,...
Read moreConsumer confidence in the United States improved less than expected in February
Consumer confidence in the United States improved less than expected by analysts in February. The Conference Board nonprofit Economic Research Institute announced on Tuesday that the consumer confidence index rose...
Read moreUniversity students are planning the pig hutches of the future
In Germany, a competition was announced to design pig hutches for students of several universities and colleges – agroinform.hu wrote. Special attention was paid to animal welfare and the movement...
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DACHSER expands its contract logistics capacities
The US conglomerate Emerson is expanding its collaboration with DACHSER. In view of the new European contract logistics mandate for Emerson’s Climate Technologies division, DACHSER expanded its capacities in Alsdorf...
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(HU) A FAO üdvözli a Bill és Melinda Gates Alapítvány támogatását az észak-afrikai sáskajárás ellen
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A sip of the beer market
Dr Sándor Kántor, president of the Association of Hungarian Brewers informed that the six member breweries produce approximately 6 million hectolitres of beer a year. Although sales of Hungarian-made beers...
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Magazine: ‘Superfoods’ are becoming more popular among confectionery products too
Sándor Sánta, president of the Association of Hungarian Confectionery Manufacturers informed that there are approximately 250 confectionery product manufacturers in Hungary, and these employ about 5,000 people. The combined sales...
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Social issues in brand building
What a company thinks about social issues is now emerging as it builds its brand. This is how “brand purpose” or “doing good” campaigns link social advertising issues with marketing....
Read moreThe Eastern European and Baltic countries insist on retaining resources for the Common Agricultural Policy
The agriculture ministers of Eastern Europe and the Baltic states said in a joint statement in Warsaw on Monday that maintaining the level of resources available for the Common Agricultural...
Read moreThe GKI economic activity index remained on its 3 year nadir
GKI’s business index remained at its almost 40-month low in January, following a slight deterioration in business expectations in February and a nearly same improvement in consumer expectations – the...
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The government has launched new tenders for the Hungarian Village Program
The government has announced three more applications under the Hungarian Village Program, this time for a total of seven billion forints for the construction of medical service housing, the construction...
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Salmonella dog food was recalled by the authorities
Multi Fit Native rabbit ear dog food containing Salmonella has been recalled from the market, the National Food Chain Safety Authority (Nébih) announced on Monday. According to the information, the...
Read moreBusiness sentiment in Germany improved in February
Business sentiment in Germany was better than expected in February -according to a survey sent to MTI by the University of Munich’s Ifo Economic Research Institute on Monday. The business...
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The year started well for Swiss watchmakers
In January, Swiss watch exports rose 9.4 percent to 1 billion 786 million francs, compared to a year before, and again in the first month, the United States became the...
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A fight against desertification
Desertification is the degradation of land in arid, semi-arid and dry sub-humid areas. It is caused primarily by human activities and climatic variations. Desertification does not refer to the expansion...
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Magazine: Some information about the rules regulating buyer power
In April 2019 Directive 2019/633 of the European Parliament and the European Council on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (UTP Directive) was...
Read moreNagy István: beekeepers receive one thousand forints per beehive
Beekeepers will receive one thousand forints of support per bee, which is double the support so far – the Minister of Agriculture told M1 news channel. According to István Nagy,...
Read moreLast year’s tobacco production is better in quantity, but worse in quality
Due to the volatile and unfavorable weather conditions, last year’s tobacco production quality was lower than two years ago, but the farmers closed a better year in terms of quantity,...
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The GVH has published information on advertisements targeting children
The Economic Competition Office (GVH) has issued a leaflet about advertisements aimed at children to alert advertisers to potential infringements – GVH announced on Friday. It is illegal for children...
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Hungarians in Europe are the least indebted compared to to their income
The total debt of the Hungarian population compared to income is the lowest in Europe, but it is often difficult to pay the bills, according to a European survey by...
Read moreKorean Air launched a cargo flight between Budapest and Seoul
Korean Air launched a a freight service between Budapest and Seoul, and the South Korean airline’s Boeing 777 operates twice a week on Friday and Sunday. The first flight carried...
Read moreConsumer confidence in Europe has improved
Consumer confidence in the euro area and the European Union improved markedly in February, according to a preliminary flash estimate released by the European Commission on Thursday. In the euro...
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Euro area inflation at its nine-month highs
Euro area inflation rose to a nine-month high in January, according to a report released on Friday by Eurostat, the EU’s statistical office. In the euro area, inflation rose to...
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Cognac & Co.
In the last 20 years the consumption of wine-based spirits – cognacs, armagnacs and brandies – dropped. Csaba Mosonyi, marketing director of Pernod Ricard Hungary told our magazine that they...
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Magazine: CSR: Responsibility, sustainability and transparency
CSR Hungary has organised its Responsible Business Summit for the Economy of the Future conference. The first speaker was Dr Anita Boros, secretary of state at the Ministry for Innovation...
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(HU) Magyarország jövőre betiltja az egyszer használatos műanyagokat
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