Market News
The cigarette smuggler fled
Police arrested a man in his car who found smuggled cigarettes worth eighteen million forints in Tiszabecs – the Szabolcs-Szatmár-Bereg County Police Headquarters announced on Thursday. Patrols of the Border...
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Who starts with a great breakfast can burn twice as many calories
Burning twice as many calories can prevent obesity and high blood sugar by eating more for breakfast instead of a big dinner – German researchers found in their study published...
Read moreGfK: consumer sentiment in Germany deteriorated slightly
The GfK Nuremberg Economics Research Institute’s consumer sentiment index for Germany declined slightly in March, while consumers’ economic expectations improved slightly, but their willingness to buy and income expectations declined...
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Magazine: There is still a lot of oil to extract in the cooking oil fields!
Traditionally Hungarians were cooking with fat, but by now the average household has reached the level where they are cooking with some kind of oil and putting olive oil on...
Read moreKSH: the solid rise in agricultural prices covers big differences
In December last year, the annual increase in agricultural purchase prices moderated from 5.2 percent in November to 0.6 percent, despite the 49.5 percent rise in the purchase price of...
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FruitVeb: less fruit was produced than last year
The amount of fruit grown in Hungary fell from 1.158 million tonnes of 2018 to about 683 thousand tons last year, mainly due to the unfavorable weather and the outstanding...
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Part-time work may be more common for employers
In several labor issues, domestic companies will have to respond to changes in the law effective from January 1. Part-time employment has changed in the case of child-rearing, while businesses...
Read moreITM: countries opposed to EU road transport regulations may appeal to the European Court of Justice
Specialists from nine Member States have made further attempts to persuade the European Commission to take steps to mitigate the expected harmful effects of the first mobility package, or even...
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This year, up to 12,000 stores could close in the United States
According to Business Insider1s analysis, more than 9,300 stores were closed in the United States in 2019, while 8,000 stores in 2017 – origo wrote. The Cushman & Wakefield real...
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Most old companies operate in Japan
Japan is a truly a two-faced country, because it is highly developed technologically, on the one hand, and at the same time, its citizens respect the traditions of their ancestors,...
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Global advertisement expands with 3.9 percent this year
“The communications landscape is changing all the time and we help clients navigate this complexity, helping them connect their brands with audiences using creativity, insight, planning, strategy and data to...
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The Hungarian Mineral Water, Fruit Juice and Soft Drinks Association supports the recovery and recycling of beverage packaging
The Hungarian Mineral Water, Fruit Juice and Soft Drinks Association and our affiliates support all government initiatives that allow plastic and aluminum bottles to be recycled as much as possible...
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The first half of the decade may see further growth in the corrugated board industry
According to a study, the corrugated board industry is facing huge growth, rising from 262.2 billion USD to 339.9 billion USD over five years. In addition to various global economic...
Read moreThe European Commission has improved its forecast for Hungarian GDP growth in 2020
The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth in 2020. Brussels estimates that economic growth in Hungary is expected to be 3.2 percent...
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Leasing of labor is a stable solution according to the trade union
Temporary employment is the most widespread form of atypical employment. While in a typical employment relationship, one employer can easily dismiss the staff, with 50 to 100 partners providing solution...
Read moreMNB: rising fuel and food prices pushed up inflation in January
The rise in inflation is mainly explained by the rise in fuel and food prices – the National Bank of Hungary (MNB) said in its comment on January inflation data....
Read moreITM aims to make Hungary a strong innovator country
Decisions made in recent months will help Hungary become a strong innovator, Gulyás Tibor, deputy State Secretary of the Ministry of Innovation and Technology (ITM) emphasized at a joint press...
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We reach into our pockets when it comes to dogs raising 13 million HUF for needy dogs
The Cofidis Dog Eye program has created an extraordinary social partnership, with more than 5,000 people donating nearly 13 million HIF to support dogs in need. We are one of...
Read moreThe EU Council adopts new VAT rules for e-commerce and small businesses
The Economic and Financial Affairs Council of the European Union (ECOFIN) has adopted new rules to facilitate the detection of VAT fraud in cross-border e-commerce and simplified the VAT rules...
Read moreAnnual inflation in Romania was 3.6 percent in January
In January, Romanian inflation was 3.6 percent higher than in the first month of last year, the Romanian National Institute of Statistics announced. The increase in consumer prices was mainly...
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Magazine: Innovation summit on personalised nutrition
New knowledge and technologies make it possible for food companies to personalise food products – participants learned at the ‘Newtrition X’ conference, organised by the foodRegio association within the framework...
Read moreKSH: agricultural output stagnated last year
Agricultural production was down 0.3 percent from the previous year due to a 1.7 percent growth in the livestock sector and a decline in crop and horticultural products. The 3.2...
Read moreAnalysts have positively surprised with Q4 GDP
Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...
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MNB: Households’ net wealth exceeded 108 percent of the GDP at the end of 2019
Households’ net financial assets increased by 11.7 percent last year to 50,932 billion HUF at the end of the year. Households’ financial assets totaled 61,161 billion HUF, accounting for 130.8...
Read moreThe Minister of Agriculture calls for the development of practical solutions to climate change
Climate change is changing, along with environmental, economic and social challenges, all of which require the development of practical solutions – Nagy István, Minister of Agriculture said at the opening...
Read moreEY: the number of cyber attacks can be increased by introducing an instant payment system
After eight months of postponement, the Immediate Payment System (AFR) will be launched in Hungary in early March. With the introduction, new types of frauds can be expected. For example,...
Read moreConsumer sentiment in the United States improved in February
Instead of the deterioration expected by analysts, consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to preliminary...
Read moreInflation growth in the Czech Republic accelerated
Annual inflation in the Czech Republic accelerated to 3.6 percent in January from the 3.2 percent of December, the Czech Statistical Office (CSU) announced in Prague on Friday. This is...
Read moreKSH: gross domestic product increased by 4.9 percent in 2019
Last year, gross domestic product (GDP) grew by 4.9 percent year-on-year, according to the first estimate of the Central Statistical Office (KSH) published on Friday. Annual GDP growth was 4.3...
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