Events
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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Beiersdorf Gives Solid Outlook But Coronavirus Impact Unsure
Nivea maker Beiersdorf on Tuesday said it expected similar sales growth and profitability in 2020 compared to 2019, although it cautioned that it could not yet assess the impact of...
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Coronavirus To Have ‘Substantial’ Impact On Trade: WTO
The head of the World Trade Organisation said that he expected the coronavirus epidemic to have a “substantial” impact on the global economy, but plans for a June ministerial meeting...
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Walmart wants Verizon 5G network to support in-store health hubs
Walmart reportedly plans to offer in-store digital health services based on next-generation mobile connectivity. According to Pymnts, Walmart is negotiating with Verizon to provide a 5G wireless network that the...
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Nébih has lifted some restrictions due to avian flu
On Monday, the National Food Chain Safety Authority (Nébih) lifted restrictions on highly pathogenic avian influenza in Komárom-Esztergom and Hajdú Bihar counties. From now on, domestic and EU poultry shipments...
Read moreThe market reporting obligation for certain dairy products has been extended until 2023
The Ministry of Agriculture (AM) has extended the scope of the market reporting obligation for certain dairy products to the Dairy Interbranch and Product Council until 2023 – the council...
Read moreMLBKT: PMI indicates minimal growth
The seasonally adjusted February Purchasing Manager Index (PMI) was 50.1 points, down from 52.2 in January and the fourth lowest since February 1995 – the Hungarian Logistics, Purchasing and Inventory...
Read moreImmediate bank transfer will have a big impact on curbing cash flow
It will have a huge impact on curbing cash flow if an immediate bank transfer is triggered – Trencsán Erika, leading financial expert told M1 news channel on Saturday. The...
Read moreThe OECD has lowered its global growth forecast
Since the economic and financial crisis, the world economy is expected to suffer the biggest decline due to the outbreak of the coronavirus – according to the Paris-based Organization for...
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SAP Plastics Cloud or Technology for the Environment
New global marketplace for companies to use recycled plastics and other alternatives; partnership with an ocean-going sailing expedition of a women’s scientific research initiative; sustainability assessment of the harmful effects...
Read moreDisposable plastic bags were banned in New York State
On March 1, a ban on disposable plastic bags came into effect in New York, where about 23 billion plastic bags have been sold each year – origo wrote. The...
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Amazon Expands Physical Footprint With Bigger Cashier-Less Grocery Shop
The world’s biggest online retailer is set to open ‘Amazon Go Grocery,’ a store in Seattle’s Capitol Hill with four times the shopping space as the first cashier-less location it...
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Edeka To Launch Own-Brand Vegan Patties And Mince
German retailer Edeka has announced plans to roll out a new range of private-label vegan burger patties and mince branded as No Meat. Just in March of this year. The...
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Coronavirus To Cost Europe’s Retailers $4bn In Lost Sales: Study
Supply disruptions caused by the coronavirus is expected to lead to £3.26 billion (€3.8 billion) in missed sales for retailers in Europe in the six weeks to 20 April, with...
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Magazine: Wining and dining ten years from now
Earlier I already told on the pages of this magazine that by 2030 there will be approximately 110 megapolises on planet Earth, each with a population bigger than 5 million....
Read moreAM: irrigation and digitalisation also increase competitiveness
Strengthening the livestock sector, spreading digitization and increasing irrigated areas are also needed to increase agricultural performance – Farkas Sándor, parliamentary secretary of the Ministry of Agriculture said at a...
Read moreKSH: investments increased by 5.9 percent in the fourth quarter of 2019
Investments increased by 5.9 percent in the fourth quarter of 2019, compared to the same period of 2018, with the fastest record growth of 14 percent, the Central Statistical Office...
Read moreA new wine law is being prepared
The third wine law has been drafted since the change of regime – the Secretary General of the National Council for Mountain Communities told M1 news channel on Saturday. Brazsil...
Read moreThere is huge potential for development in the horticultural sector
The Hungarian horticultural sector has a great potential for development, reaching only 30-40 percent of its capacity for years. The National Chamber of Agriculture, together with the strategic partner professional...
Read moreAnalysts: the coronary epidemic may slow down the performance of the economy
Economic analysts told MTI that the coronary epidemic makes economic forecasts in this year uncertain, but they still expect an around 4 percent. Gross Domestic Product (GDP) increased by 4.5...
Read moreOKSZ: even though demand for durable food has increased slightly, the security of supply is not at risk
Turnover data for the last 24 hours show that demand for certain durable foods has slightly increased in the member companies of OKSZ, according to the OKSZ announcement. The Trade...
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AM Secretary of State: the Flavors and Traditions competition in Orosháza is a savior of values
The competition of Orosháza traditions and flavors is essential for keeping our memories alive, along with other similar events, said Farkas Sándor, Parliamentary State Secretary of the Ministry of Agriculture...
Read moreConsumer sentiment in the United States improved in February
Consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to final data released on Friday, the consumer sentiment...
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Google Shopping is growing at an alarming rate
Google Shopping is growing at an alarming rate. Accounting for 55% of Google search ad clicks in the US, Google Shopping is a huge traffic-driving source, ultimately increasing earning potential...
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A restructuring information and communication technologies market
Tamás Laufer, president of the Hungarian Association of IT Companies (IVSZ) told: In just 5 years the direct and indirect gross value added (GVA) of the information and communication technologies...
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