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Retailers in the metaverse
Deloitte’s experts have studied what can influence the expansion of retail trade in the metaverse. At the moment there are several factors that hinder the large-scale use of the metaverse,...
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Cleanness in large portions
Sales grew in the cleaning product category in 2022, but this growth was driven by the higher product prices. Also because of the price increase, there has been a small...
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Visa: five payment trends to look out for in 2023
1. We will spend more on travelling: passenger turnover strengthened in 2022, and this trend is expected to continue in 2023. 2. More conscious consumers, more sustainable shopping: in another...
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There will always be buyers for quality pálinka
Károly Gerendai, METRO’s wine expert: “Pálinka is a cult spirit and it isn’t simply a drink that is made in Hungary, but a Hungaricum product. This also means that there...
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EY: the tax office is capable of more and more targeted tax audits
The National Tax and Customs Administration (NAV) is capable of more and more targeted inspections with its automated processes that utilize artificial intelligence and its database supplemented with international sources...
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KSH: The volume of food exports decreased by 7.9 percent, while the volume of imports increased by 5.5 percent
In December, the product foreign trade deficit was 168 million euros, compared to November, the adjusted volume of exports increased by 0.6 percent, while that of imports decreased by 5.0...
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Gergely Gulyás: the international recognition of Hungarian wine must be increased
The international recognition of Hungarian wine needs to be increased, and this will be helped by the upcoming Hungarian Wine Marketing Strategy – explained the minister in charge of the...
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The brandy tasting campaign launched at the airport is the agricultural marketing center
The Agricultural Marketing Center has launched a one -month brandy campaign for foreigners in Hungary. Not only can he taste the Hungaricum at the Heinemann Duty Free Skycourt shop at...
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NAV checks: they will have to watch if they are in the crosshairs
The National Tax and Customs Administration (NAV) has published its audit plan for 2023. This year, the tax authority is paying special attention to electronic commerce, businesses dealing with dietary...
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The abolition of VAT on basic foodstuffs was again put on the table as a proposal
MSZP urges the reduction of the VAT on basic foodstuffs to zero percent. At his online press conference on Friday, Lajos Korózs, the vice-president of MSZP, emphasized that a radical...
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Food prices rose at an accelerating rate in February in Italy
In Italy, consumer prices rose by 9.2 percent year-on-year in February, after a 10 percent rise in January, the Italian statistics office, Istat, announced on Thursday based on preliminary data....
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Prices don’t hurt Túró Rudi brands
Chilled dairy snack makers were forced to increase prices, owing to the drastic growth in the price of milk. In the light of this, it isn’t surprising that Túró Rudi...
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Affordability, health, sustainability and comfort influence shopper decisions
Everyday life during the cost of living crisis In the middle of the cost of living crisis, the biggest fears of consumers are rising food prices and energy bills. According...
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Gloomy outlook for the maritime transport market
Spot rate indexes vary, but overall indicate that the US container shipping market is trending down again. Developed countries continue to struggle with the effects of galloping inflation and recession,...
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International food prices have been decreasing for almost a year
The 11th month of global food prices has been on the ground after the decline in February – marginal – experts from the UN Food and Agricultural Organization (FAO). The...
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The Hungarian Food Bank Association helped the needy with HUF 10 billion worth of food in 2022
In 2022, a total of 239,000 needy people benefited from the near-expiry or defective products that the Hungarian Food Bank Association collected from stores and manufacturers. In 2022, we increased...
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Where is the line drawn: when do we talk about excessive shopping?
For many of us, the beginning of the year is about renewal, starting over, and getting rid of our bad habits. Yet this is in interesting contrast to the end...
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The new EU proposal would be impossible for chicken and egg production
It would cause serious damage to the European Union, such as the Hungarian, chicken and eating egg producers, if the European Food Safety Authority (EFSA) had been implemented in the...
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PepsiCo aims to capture new consumption occasions
Executives at PepsiCo, Inc. are eyeing opportunities to add the company’s snack brands to more meal occasions. “More and more we’re experimenting with how Lay’s can substitute potatoes in many...
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The social significance of Hungarian wine is still overwhelming in the vineyard and wine sector
Last year, better quality wines were added to the Hungarian cellars, said dr. Márton Nobilis, State Secretary for Food and Commerce Policy, the Ministry of Agriculture, at the 11th Wine...
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Revolut Launches 3% Cashback Service For Customers
Revolut, the global financial app, has launched a new way to shop, whereby customers earn cashback from their favourite retailers. The new service – Shops – lets users search and...
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Waitrose ends partnership with Heston Blumenthal after 12 years
Waitrose is set to end its long-standing partnership with chef, Heston Blumenthal as it takes a ‘new direction’. The Heston from Waitrose range, which has been ongoing for the last...
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Start the new agricultural support website of the Ministry of Agriculture
Within the framework of the Common Agricultural Policy Strategy Plan, the Ministry of Agriculture launches a new website for the widespread information of farmers as possible to present the rules...
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Power supply anywhere, anytime – portable power plants have entered the market
The Euronics Technical Store chain is targeting a new market – portable electric power plants can be an excellent addition to our home’s energy supply in addition to the runaway...
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Oils under price pressure
Sunflower oil’s dominance continues in the cooking oil market. Hungary produces enough sunflower seed, so we don’t need to worry about supply problems. Currently there is a HUF 720/litre price...
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Euromonitor International: top 10 global consumer trends in 2023
Every year Euromonitor International publishes its forecast of global consumer trends, which seeks to assist companies in staying one step ahead of the disruption, seeing the shopping motivations of consumers...
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The extra profit tax rules have been changed again, and so did retail tax
62/2023 was announced yesterday. (II.28.) Government decree which, with effect from March 1, retroactively modifies the extra profit tax rules in connection with certain provisions. Specialists from the international tax...
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K&H: Large companies also suffer from high energy prices
Large companies are sensitively affected by the rise in energy prices, but fortunately their operations are not threatened, according to the last quarter measurement of the K&H large company growth...
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Transfer pricing is the most problematic tax issue for multinationals here as well
Tax authorities around the world are trying to increase state revenues, and in this they also use data analysis and artificial intelligence. One of the most controversial areas in the...
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Inflation in the euro area eased less than expected
Inflation in the euro area slowed less than expected in February, but continued to move away from October’s record level, the statistical office of the European Union announced on Thursday....
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