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Retail trade in the euro area has declined
In August, instead of expected growth, the retail sector’s turnover in the euro area was reduced on a monthly basis, according to a report published by Eurostat on Wednesday. In...
Read moreRomania will introduce a reduced VAT for tourism services
The Romanian government has decided to introduce a reduced 5 percent VAT for tourism services from 1 November – Nelu Barbu, government spokesman announced. In Romania, the general VAT rate...
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Magazine: Dairy Board urges for acting together
Tibor Mélykuti, president of the Milk Interbranch Organisation and Dairy Board has told that the due to the extremely dry weather in the summer of 2018, dairy farmers couldn’t grow...
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Chamber of Agriculture: the growing area of vegetables can reach 2000 hectares
According to the National Chamber of Agriculture (NAK), domestic carrot production can develop considerably. The growing area of vegetables can reach 1800 to 2000 hectares. In a statement sent to...
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Nine billion investment in the factory of Bunge in Martfű
The Bunge Zrt. has built a new plant at its Martfű factory in a value of about 9 billion forints as a company investment – Wojciech Jachimczyk, CEO of the...
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Most kids do not waste their pocket money
While three-quarters of the parents consider the financial education of their kids as their own task, nearly a third of the children would rather acquire the necessary knowledge at school...
Read moreStagnation in the German consumer mood index of GfK
Instead of the expected decline, the consumer mood index of the Nurenberg-based GfK Institute for Economics stagnated in November, while the income and economic expectations of consumers declined and the...
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Vanilla plantations in Madagascar are protected by armed forces
Vanilla growers protect the crop with armed forces in Madagascar. The island is the world’s largest supplier of this herb – origo wrote. Madagascar is the world’s largest vanilla exporter,...
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Saltwater rice can come soon
Chinese scientists have cultivated a variety of rice that is well suited for saltwater flooding. In China, they would like to grow it on 65,000 square kilometers, if the program...
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A very fast growth can be expected in 2018 , it will slow down noticeably next year
While most forecasters project a GDP growth rate of 4-4.5 per cent for 2018, they—with the exception of the government—expect only 3-3.5 per cent for next year. (GKI projects at...
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There is not enough fruit and vegetables in the world for everyone
If everyone wants to have a healthy diet, there would not be enough fruit and vegetables in the world – experts of the University of Guelph said. Canadian researchers have...
Read moreWhat do we think about product recalls?
We appreciate a straightforward and fair attitude and we feel that is a higher trouble if the information is not from the enterprise but from the authority, but the Hungarian...
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The drug market is concentrated
The three major drugstore chains acquired nearly 90 percent stake in the domestic retail perfume market – Világgazdaság Online wrote. Last year, 696 businesses were dealing with perfume retail trade...
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The government supports the spread of cash-friendly payment methods
The government supports a number of programs to promote cash-friendly payment methods and to boost financial awareness in Hungary – Varga Mihály Finance Minister emphasized in the Árpád Óbudai Gimnázium...
Read moreHoney consumption is a valuable nutrient for the human body
With the consumption of honey, the human body has a lot of valuable and essential nutrients – Takács Ferenc, a member of the Kaposvár and the region’s beehive association told...
Read moreConsumer sentiment has fallen in the world’s largest economy
The consumer sentiment in the United States declined in October – according to the regular monthly survey of the Michigan University. The results were published on Friday. In October, the...
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Humans may grow cocoa for 3600 years
Analyzing the genetic resources of today’s cocoa trees, scientists have discovered that the cultivation and breeding of the raw material of chocolate has begun about 3600 years ago. Scientists from...
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Magazine: Carrot’s price surged
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that on the 35th week at the Budapest Wholesale Market the price of carrot...
Read moreThe reconstruction of the Shopmark shopping center in Pest has been completed
The reconstruction of the 24,000 square meter Shopmark, one of Kispest’s biggest shopping malls has been completed. The reconstruction cost nearly 5 billion HUF – the Diófa Alapkezelő Zrt. told...
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Auchan Magyarország Kft. and the Milk Product Council launched a joint department store promotion
The members of the Milk Product Council are committed to the development of the Hungarian dairy sector. The members are comitted to the the high quality continuation of domestic milk...
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The borrowing of households is expanding rapidly
The borrowing activity of the population is increasing steadily, according to the data of the Netrisk.hu financial comparison site. The portal has delivered more than three times more personal credit...
Read moreThe 2018 Book of White, Red, and Rosé Wine Excellences has been published
In the 2018 Book of White Wine Excellences, the wine producers of the Balaton and Tokaj Wine Region, while in the Book of Red and Rosé Wine Excellences the producers...
Read moreAlmost two-thirds of Germans are satisfied with their financial position
Almost two-thirds of Germans are satisfied with their financial situation, according to a survey reported on Thursday by German newspapers. Based on a survey prepared by the German Savings Co-operative...
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China does not need US soy
Because of the customs war, China buys more soybeans from South America than from the USA – Világgazdaság Online wrote. The 2018-19 marketing year began a few weeks ago, and...
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The 2019 payments would be raised with 600 million, compared to the original EP proposal
At the plenary session of the European Parliament (EP) voted for its position on the EU budget for 2019 according to which the MEPs would increase the 2019 payments with...
Read moreKSH: retail sales continues to perform well
In August, the volume of calendar effect adjusted retail sales grew by 6.8 percent, compared to the same period of last year. The raw data became 6.3 percent – the...
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Analysts: the increase in earnings is lagging behind expectations
The August growth rate of earnings lags behind analysts’ expectations, but according to them, a steady rise is expected in the labor market, but the rising of real wage growth...
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Significant demand for Hungarian fish product
The high temperatures of the summer were bad for fish farming – magyaridok.hu wrote. However, the industry will effectively close the season, and the demand for both domestic and foreign...
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VAT on milk to decrease
The VAT on UHT and ESL milk will decrease to five percent – according to the tax package submitted on Friday afternoon – Index wrote after the communication of the...
Read moreRisk management can boost confidence in the digital economy
Risk managers can increase user confidence and reduce the cost of digital transformation, yet they are not involved properly in business decisions – according to the international survey of EZ,...
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