Events

Századvég: GDP may grow by 4.8 percent this year

The Századvég Economic Researcher revised its GDP growth forecast to 4.8 percent this year and expects a growth of 3.9 percent by 2020, but notes that weakness in the German...

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Preventing the global water crisis is a priority topic at the Budapest Water Summit

The 2019 Budapest Water Summit three-day conference focusing on preventing global water crises, including water scarcity, high water and polluted water issues – the Ministry of Foreign Affairs (KKM) told....

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Households’ solvency declined slightly in the second quarter, according to Intrum’s index

Households’ solvency declined slightly in the second quarter of this year, compared to the previous quarter, but is still high; the decline is largely due to the growing loan portfolio...

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Consumer protection: complaint at products ordered through newspaper ads is frequent

There are frequent consumer complaints about products ordered through newspaper ads – Kispál Edit, spokeswoman for the National Association of Consumer Protection Associations told M1 news channel on Saturday. There...

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Bad news from the German private sector

For the first time in six and a half years, the performance of the private sector in the German economy declined in September as the manufacturing recession deepened and lost...

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Stop & Shop pilots bread-making robot

Stop & Shop has deployed a bread-making robot that enables customers to buy a warm loaf baked virtually on the spot. The Stop & Shop store in Milford, Mass., now...

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Walgreens will be first retailer in U.S. to test on-demand drone delivery

Walgreens is set to lift off and make history with a drone pilot in Virginia. Beginning in October, the drugstore giant and Wing Aviation, a subsidiary of Google parent company...

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Main IKEA retailer expects to exceed renewable energy goal by year’s end

Ingka Group, which owns most IKEA stores, will by year’s end exceed its 2020 target to produce as much renewable energy as the energy it consumes, Ingka Chief Executive Jesper...

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GKI’s business confidence index fell in September

The GKI economic sentiment index fell to its two-and-a-half-year low in September, within which business expectations plummeted to their lowest level in the past three years. However, consumer expectations improved...

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The sugar beet processing campaign has started in Kaposvár

The 126th beet processing campaign started at the sugar factory of the Magyar Cukor Zrt. in Kaposvár on Friday. Kovács Gergely, a member of the board of directors of the...

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Eating habits will be assessed again

Hungarian eating habits will be assessed again as part of the European Population Health Survey – the head of department of the National Institute for Pharmacy and Nutrition (OGYÉI) said....

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An agricultural logistics center and a cold store were handed over Nemesvámos

An agricultural logistics center and a cold store have been handed over in Nemesvámos, Veszprém county. The investment cost 274 million HUF. At the handover ceremony on Friday, Sövényházi Balázs,...

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National togetherness is the theme of Hungary’s Food 2020 Cooking Contest, which will be open until 5 January

Each of these dishes must consist of up to five elements and must contain three ingredients (red peppers, cottage cheese, green vegetables or green spice) which give the colors of...

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Cabbage festival in Vecsés

The nineteenth Vecsés Cabbage Festival to be held this weekend. According to the organizers, at the event the visitors can see the largest cabbage in the country, take part in...

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British merchants began to stock up Christmas drinks

Traders in the United Kingdom began to stock up on Christmas alcohol stocks earlier this year, as there is still much uncertainty about whether the UK will leave the EU...

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Consumer confidence in the euro area improved in September

Consumer confidence in the euro area and in the European Union improved in September, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN)....

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Swiss watch exports increased

Switzerland’s watch exports grew in August on a yearly basis, at a similar rate to July. The Swiss watchmaking association announced that its August exports amounted to 1.522 billion francs,...

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Albert Heijn Adds New Payment Service For Home Deliveries

Dutch retailer Albert Heijn has announced that it has added a new smartphone-based payment service for home deliveries. The service, which the retailer claims is a first of its kind...

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Plus Introduces Climate-Neutral, Traceable Bananas

Dutch retailer Plus has announced that it has introduced fully traceable, climate-neutral bananas. The retailer partnered with supplier Fyffes and technology company, SIM to implement blockchain mapping on its banana...

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Lidl Belgium Launches ‘Super Fair’ Private-Label Chocolates

Lidl Belgium has launched ‘Way to Go’, a new range of ‘super fair’, private-label chocolate SKUs that offer Ghanaian cocoa farmers an extra premium above the Fairtrade price. Priced at...

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Public Procurement Authority: last year 7 percent of all public procurement was linked to the agricultural sector

Almost 7 percent of all public procurement last year was attributable to the agricultural sector – Rigó Csaba Balázs, President of the Public Procurement Authority told M1 news channel. The...

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The agricultural machinery market continued to expand in the first half of the year

After the record of previous years, the agricultural machinery market continued to expand in Hungary in the first half of the year; farmers and agricultural entrepreneurs bought new machinery for...

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A professional meeting to promote co-operation in the food industry started in Budapest

An international technical meeting to promote food industry cooperation will be held in Budapest. At the two-day event, which started on Thursday, 105 professionals from 14 countries are taking part...

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The food remaining at OMÉK is used for charitable purposes

The food, which remains at the end of the 79th National Exhibition and Fair for Agricultural and Food Industry (OMÉK), will be used for charitable purposes – the organizers told...

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The OECD has downgraded its global economic growth forecast

The OECD has lowered its earlier forecast of growth in the world economy this year to the lowest level since the financial crisis of 2008-2009, due to growing trade conflicts...

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Nébih: high levels of formaldehyde dissolution from a Chinese coffee mug were measured

The Polish authority measured high levels of formaldehyde dissolution from a Chinese cup of melamine-containing bamboo fiber. The product was also shipped to Hungary. The National Food Chain Safety Authority...

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For the first time in ten years, IATA has seen a decline in air freight worldwide

“For the first time in ten years, the volume of air cargo worldwide will decline this year, with significant yield reductions, but the industry is flexible enough to survive this...

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At LG Future Talk Powered by IFA, LG Shows How AI Can Make Anywhere Feel Like Home

At a panel talk event to kick off IFA 2019 in Berlin, Dr. I.P. Park, president and Chief Technology Officer of LG Electronics, shared the company’s vision for an AI-powered...

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Retail sales growth accelerated in the Czech Republic

In July, retail sales growth in the Czech Republic accelerated to seven percent. In June, the figure was 4.8 percent – the Czech Statistical Office announced in Prague on Thursday....

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Opten: production figures of domestic companies is improving

According to Opten, corporate finance reports for 2018 show a fundamentally positive picture of the Hungarian economy, with a significant increase in the productivity of companies based on revenue per...

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