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The Hungarian-Vietnamese economic relations are expanding rapidly
Date: 2018-05-28 11:10:02
Hungarian-Vietnamese trade flow grew by 79 percent in 2017, reaching 357 million USD, while growth remained in 2018 – Varga Mihály finance minister emphasized, after talks on Monday in Budapest...
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Consumer confidence in the United States was weakened in May
Date: 2018-05-28 11:03:23
Consumer confidence in the United States in May deteriorated moderately in May, according to the regular monthly survey of the Michigan University, whose final results were published on Friday. The...
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British agrarian federations will also need EU labor after Brexit
Date: 2018-05-28 11:02:31
In a joint open letter, the British government has been asked by more than one hundred British federal associations on Monday to ensure that the industry can use EU citizens...
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Consumer confidence has become stronger in the world’s largest economy
Date: 2018-05-28 11:01:38
Consumer confidence increased in the United States, the Conference Board index improved, after two months it rose again to nearly 18 years in April. The Conference Board’s nonprofit economic research...
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World Bank: foreign trade is the easiest from Hungary
Date: 2018-05-28 10:10:28
Out of the 190 countries, the trading across borders is the easiest in Hungary – according to the World Bank’s Doing Business rankings – mfor.hu wrote. The ranking of the...
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GKI: Consumption of households grows rapidly this year as well
Date: 2018-05-28 02:16:10
As GDP, earnings and consumption grew faster than previously thought, GKI raised its 2018 GDP growth forecast from 3.8 per cent to 4 per cent. Although the foreign trade surplus...
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Ireland imposes sugar tax on soft drinks
Date: 2018-05-25 17:24:40
As of 1 May Ireland imposed a tax on soft drinks sweetened with sugar. With this step the government intends to solve the problem of too many Irish being overweight....
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Lower VAT on baked goods would foster technological development
Date: 2018-05-25 16:57:29
The Hungarian Baker Association welcomes the fact that important representatives of the industry are in favour of cutting the VAT on baked goods to 5 percent. Bakers say they would use...
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Higher quality organic food products
Date: 2018-05-25 16:41:42
According to new legislation adopted by the European Parliament, only high-quality organic food products will be marketable in the European Union in the future. Each element of the supply chain must...
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Poultry breeders want to start a price guarantee fund
Date: 2018-05-25 16:38:13
Tibor Zászlós, vice president of the Hungarian Chamber of Agriculture (NAK) has told that the poultry sector can only become more competitive if technological development projects are realised. State funding is...
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More NAK supporting members in neighbouring countries
Date: 2018-05-25 15:50:19
The Hungarian Chamber of Agriculture already has 144 supporting members in neighbouring countries. NAK president Balázs Győrffy has told at the Consultation Forum for Hungarian Farmers in the Carpathian Basin (KEF)...
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The chamber’s opinion has reached the European Commission
Date: 2018-05-25 15:44:33
The European Union has been dealing with the problem of Unfair Trade Practices (UTP) in the supply chain for years. Last year the European Commission (EC) started a consultation, and based...
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NAK expands its marketplace search service
Date: 2018-05-25 15:38:00
Farmers’ markets are increasingly popular: there are 260 of them in Hungary at the moment. On the website of the Hungarian Chamber of Agriculture (NAK) – www.nak.hu – shoppers can use a ‘Marketplace...
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NAK: next rural development program would require a subsidy of 2000 billion HUF
Date: 2018-05-25 11:45:20
According to the program proposal of the Hungarian National Agricultural Chamber (NAK) aimed at the long-term development of the Hungarian agro-food and food economy, the following rural development program would...
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The rise in earnings lags behind expectations
Date: 2018-05-25 11:30:39
The rate of rise in earnings fell somewhat behind analysts’ expectations in March. One of the reasons of this was the base effect, that the rate of increase of the...
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CIB: growth is expected to be around 4 percent this year
Date: 2018-05-25 11:25:08
This year, CIB Bank analysts report an economic growth may be close to four percent, with inflation below three percent, and loose monetary policy – Trippon Mariann, chief analyst of...
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The turnover of freight transport is exceeding 2000 billion forints in Hungary
Date: 2018-05-25 11:15:11
Freight transport contributes with about 6.5 percent to the gross domestic product of Hungary, according to the preliminary data. The turnover of the sector exceeded 2000 billion HUF last year,...
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The European Commission has proposed amending the VAT rules and alcohol tax
Date: 2018-05-25 11:05:01
The European Commission has proposed a modification of the rules on value added tax (VAT) and the reform of EU rules on excise duties on alcohol – the EU commission...
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Nielsen chart of Month
Date: 2018-05-25 11:00:28
If they have money left after covering the monthly costs of living, 28 percent of Hungarians save money, 25 percent refurbish their homes and about 20 percent pay back debts...
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Milk campaign reloaded
Date: 2018-05-25 10:38:01
The Ministry of Agriculture, the Agricultural Marketing Centre (AMC) and the Milk Interbranch Organisation and Dairy Board have started their spring milk campaign: a ‘Milk Truck’ will turn up at...
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Demand towards organic products is growing in Europe
Date: 2018-05-25 10:35:59
Demand is bigger towards organic products in the richer Western European countries, on the one hand and on the other hand, they are more capable of supporting organic farming, which...
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3.1 billion forints remained available on SZÉP cards until the end of May
Date: 2018-05-25 10:25:24
After Pentecost, the amount remaining to be spent on the SZÉP cards was still around 3.1 billion forints – the card issuing financial institutions informed MTI. According to the rules,...
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Magazine: Energy is flowing
Date: 2018-05-25 07:52:37
Energy drinks is one of the most dynamically growing alcohol-free drink segments. Coca-Cola HBC Magyarország Kft.’s commercial excellence leader Gábor Ivády informed us that the young generation knows this category well...
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KSH: the retail data has become even better
Date: 2018-05-24 11:50:37
The raw volume of retail sales grew by 8.7 percent in March. The calendar effect adjusted volume of retail sales increased by 7.3 percent – mainly due to Easter –...
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Nielsen: Budapest spins on energy drinks
Date: 2018-05-24 11:35:41
The consumption of essentially popular energy drinks rises with the coming of the exam period and the festival season. The category’s turnover was over 28 billion forints between April 2017...
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The hail damage mitigation system also covers lands beyond the borders
Date: 2018-05-24 11:23:06
The extension of the national hail damage mitigation system that would also cover fields beyond the borders is under discussion. Nowadays, such demands have been formulated in Transcarpathia and Transylvania,...
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The program for raising financial awareness has started
Date: 2018-05-24 11:09:12
The preparation of the participating teachers was started for the program. This autumn, a motivational point system developing financial awareness is tested with the involvement of 600 students in five...
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By 2020 all L’Oreal products would be made from renewable raw materials
Date: 2018-05-24 11:01:00
As one of the leaders in the cosmetics and beauty industry, L’Oréal’s new sustainability program has determined that by 2020 all of the company’s products will be made from renewable...
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AI creates jobs, yet talent crisis remains, according to EY poll
Date: 2018-05-24 10:32:20
Business leaders are optimistic about the impact of artificial intelligence (AI) on job creation, according to a poll by EY conducted at the EmTech Digital Conference, produced by MIT Technology...
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If you are planning to visit Thailand… – Video of the day
Date: 2018-05-24 10:04:33
Bangkok Street Food 2017… Thai Street Food 2017…...
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