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Nielsen: Half of the Hungarians are already buying premium products online
Nearly half of the Hungarians are already buying the desired premium product online, thus approaching the 61 percent European and 69 percent world average. In fact, 15 percent of them...
Read moreHungarians are willing to pay more for domestic branded product, according to a survey
85.9 percent of the Hungarians choose the domestic one out of two similar products with the same price. 52.7 percent are willing to pay 10 percent higher price for the...
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The amount of advertising spending approached 260 billion forints last year
The total Hungarian advertising spending reached 259.69 billion HUF last year, which is an annual increase of 7.7 percent – the president of the Hungarian Advertising Association said at a...
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The amount of cash in circulation is on top in Hungary
Although cash in circulation increased to 6,117 billion HUF in Hungary, and 74 percent of daily purchases are still carried out with cash, more and more innovative payment solutions are...
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KSH: the number of employees continued to increase
Between November 2018 and January 2019, the average number of employees was 4 million 481 thousand, 45 thousand more than a year before. The employment rate of 15-64 year-olds increased...
Read moreMKIK: business confidence fell slightly in the fourth quarter of last year
According to the survey of the Hungarian Chamber of Commerce and Industry (MKIK GVI), on the basis of the January data, the economic performance of the fourth quarter of 2018...
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The economic climate deteriorated in the EU in February
Economic sentiment worsened in February both in the euro area and throughout the European Union. According to a report from the European Union’s Directorate-General for Economic and Financial Affairs (EcFin)...
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Eurobarometer: Hungarians are more positive towards the European Union than the average
Hungarians are more positive towards the European Union than the average. The number of those, who see the EU positive is more than twice as those who have a negative...
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Magazine: Economic Year Starter 2019: Risks, a new era and SMEs
At the end of January the ‘Economic Year Starter 2019 – The Limits of the Booming Economy’ conference was held in Budapest. Péter Banai, state secretary at the Ministry of...
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The engines of the Hungarian economy to be awarded again this year
Hungary’s leading small and medium-sized enterprises to be ranked again in 2019. The full list and the podium categories will be announced at the Aquincum Hotel in Budapest on 21...
Read moreWork safety in agriculture continues to improve
Work safety in agriculture improved further. The number of fatal accidents decreased by nearly 45 percent in the past two years, due to the Ministry of Finance’s campaign called The...
Read moreThe Internet of things is inevitable, according to companies
According to companies; the Internet of things is inevitable: more than one third of the companies are using it. 70 percent of them have already gone through the experimental phase,...
Read moreBrexit may cause surprise for online customers
Brexit can also make a big difference for those who order products from the UK via the Internet, as costs and administrative work can increase significantly – Világgazdaság Online wrote....
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The EU invests more than 10 billion euros into innovative clean technologies
The European Commission has announced a multi-sector investment program worth more than 10 billion euros (about 3200 billion HUF) to develop and deliver low-carbon technologies to increase Europe’s global competitiveness...
Read moreSurvey on the labor market in the wine and wine sector
The National Council of Mountain Villages (HNT) and the Agricultural Economics Research Institute (AKI) have launched an on-line survey to detail the employment characteristics of the vine and wine-producing enterprises...
Read moreDomestic companies are not yet prepared for Brexit
The majority of Hungarian companies find it avoidable for the UK to leave the European Union without an agreement, so it they do not yet prepared for the consequences of...
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The lowest inflation of the past nine months occurred in the euro area in January
In January, the lowest inflation rate of the past nine months in the euro area was recorded by the European Union Statistical Office, Eurostat, on the basis of final figures...
Read moreHalf of the world’s asparagus production is provided by China
Asparagus is practically available on 365 days of the year in China, yet only half of the population knows it – magyarmezogazdasag.hu wrote. Half of the world’s total asparagus production...
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The Czechs do not trust the Polish food controls
According to the Czech Minister of Agriculture, Prague continues to consider it necessary to strictly control Polish beef, because they do not trust the Polish food control system. In his...
Read more20 percent of the Russian GDP is from black economy
The black economy last year accounted for 20 percent of Russian GDP and represented about 20,000 billion rubles – the Russian Federal Audit Office (Rosfinmonyitoring) told RBK Russian economy daily....
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Magazine: POPAI winners in 2018
The winners were ceremonially announced in 5 categories in the POPAI Awards 2018 POP competition on 15 November 2018, at the headquarters of the Budapest Chamber of Commerce and Industry....
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GKI: Business expectations deteriorated slightly, while consumer expectations improved in February
Although the GKI economic sentiment index was rising constantly in the last quarter of 2018, it declined during the first two months of 2019. Of business expectations only expectations of...
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Fütyülős Pink Grapefruit
Fütyülős Pink Grapefruit is the marvellous result of combining freshness with an exciting flavour. The delicate sweetness and acidity of the fruit, with a slight bitterness in the background, can...
Read moreThe European Commission raises the maximum amount of national support for farmers to 25,000 euros
The European Commission is raising the current ceiling for national support to farmers from 15,000 to 25,000 euros. According to a Brussels panel’s announcement published on Friday, the new EU...
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NAK organizes a series of food hygiene and safety events
The Food Industry Directorate of the National Chamber of Agrarian Economics (NAK) holds a “Food Hygiene and Safety for Small and Medium-sized Enterprises” event at three venues in the context...
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Average earnings could rise by 9 percent this year
As a result of the wage agreement concluded last December, according to which the minimum wage and the guaranteed minimum wage increased by 8 percent from January 1, 2019, the...
Read moreBusiness sentiment in Germany is on a four-year low
In February, the business sentiment in Germany was worse than expected, decreased to a more than four-year low – according to a survey conducted by the Munich-based ifo economic research...
Read moreBrexit without agreement may bring steep rise in prices and a lack of food
Due to food shortages and sudden high tariffs, there would be a risk of steep price increases if the UK would leave the European Union without agreement during the Brexit...
Read moreAir freight traffic slightly increased in 2018
To a lesser extent than in the previous year, air traffic increased by only 3.5 percent in 2018, according to the data of the International Air Transport Association (IATA). According...
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