Tag "EU"
This is how the EU would curb Temu
The European Commission has proposed a new handling fee of €2 for every parcel under €150 delivered directly to consumers from 2025, announced Trade Commissioner Maros Sefcsovics. The primary aim...
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Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the inflation data for March and April and concluded that despite the decrease in Hungary’s annual inflation rate of 4.2 percent,...
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EU AI Act – EU Artificial Intelligence Regulation
Regulation (EU) 2024/1689 of the European Parliament and of the Council introduces comprehensive rules on the use of artificial intelligence in the European Union. The entry into force of the...
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EU forecast: moderate growth expected despite global economic uncertainty
Despite heightened global political uncertainty and trade tensions, the European Union’s economic growth will moderate this year, with GDP growing by 1.1 percent in the EU and 0.9 percent in...
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EU Agri-Food Trade in January 2025: Rising Imports Outpace Export Growth
High commodity prices drive surge in imports, reducing the EU’s trade surplus despite steady export performance. In January 2025, the European Union’s agri-food exports reached €19 billion, marking a 1.5%...
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Food imports in Croatia have exploded since joining the EU
Since joining the European Union, food imports in Croatia have exploded, the Croatian daily Jutarnji List wrote, citing data from the Croatian Statistical Office. The country, with a population of...
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GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining the European Union. Beyond hard-to-measure benefits like duty-free exports, capital inflows, and labor mobility, EU financial support has had a...
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Bank of England Governor: Trade relations with the EU need to be rebuilt, mainly because of food trade
The Governor of the Bank of England says Britain needs to rebuild its trade relations with the European Union. Speaking to the BBC on Friday, Andrew Bailey said that as...
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Eurozone retail sales growth slows in March
Retail sales growth slowed in March in both the eurozone and the European Union on an annual basis and fell compared to February. The European Union’s statistical office, Eurostat, said...
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Eurozone manufacturing activity improved in April, but still shows weak performance
The pace of decline in eurozone manufacturing activity slowed to its slowest pace in 32 months in April, according to the purchasing managers’ index (BMI) from S&P Global and HCOB...
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Has competitiveness taken precedence over sustainability in the EU?
The European Union’s sustainability (ESG) objectives have been a high priority in recent years. The aim of sustainability regulations is to ensure that companies take environmental and social impacts into...
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GKI Analysis: Has competitiveness taken precedence over sustainability in the EU?
The European Union’s sustainability (ESG) objectives have been a high priority in recent years. The aim of sustainability regulations is to ensure that companies take environmental and social impacts into...
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The EU has approved a new feed additive: this is how L-arginine affects animal health
The European Union has authorized the use of L-arginine as a feed additive, which offers new opportunities for a balanced amino acid supply for farm animals, according to reports from...
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EU restricts cash payments
The European Union will cap the amount of cash payments from 2027: according to the new rule, a maximum of ten thousand euros – or more than four million forints...
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The EU is looking for new markets for the food industry
The loss of the American market poses a serious challenge for the European Union’s food exports, which is why the search for new trade opportunities has become more urgent than...
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The EU is investing €140 million to introduce generative artificial intelligence in the agri-food industry
The European Commission has launched four new calls for proposals under the Digital Europe programme, worth a total of €140 million, to support the uptake of artificial intelligence (AI), develop...
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EU poultry exports increase
According to the European Commission, the EU27’s poultry exports increased by 9% to 2 million tonnes in 2024 compared to the previous year. The EU’s largest target countries were the...
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EU directive: next year we will be able to find out how much our colleagues earn
The EU’s Pay Transparency Directive requires member states to comply with the objectives of the new pay transparency directive by 7 June 2026. This means that companies operating in the...
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GKI analysis: Productivity in trade has grown 6 times faster since 2010 than in manufacturing
In the third part of our series examining labor productivity in national economic sectors, we take trade after manufacturing and construction. In 2023, trade accounted for an average of 11.3%...
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EU Commissioner: Europe must be positioned in the context of the paradigm shift in the global trading system
Member states must agree on how to position Europe in what could be described as a paradigm shift in the global trading system, the European Commission’s Commissioner for Trade and...
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KSH: the foreign trade surplus in goods was 1.1 billion euros in February
The foreign trade surplus in goods was 1.1 billion euros in February; the adjusted volume of exports was 0.9 percent, while imports were 0.1 percent lower than in January, the...
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EU Commissioner: European Commission’s agriculture and food roadmap guarantees EU food security
The agriculture and food roadmap adopted by the European Commission in February will ensure EU food security – and sovereignty, said Christophe Hansen, EU Commissioner for Agriculture and Food Safety,...
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Sándor Farkas: area-based support should remain in the seven-year EU budget after 2028
Hungary would like both the currently valid area-based support and the support provided under rural development programmes to remain in the EU budget period after 2028, the Parliamentary State Secretary...
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EU Commission gives the green light to Alcohol-Free Organic Wine
Organic winemakers will now be allowed to de-alcoholize their wine without losing its organic certification. The EU Commission has decided to amend the EU Organic Regulation accordingly. German Minister of...
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More than 130 organisations call for EU Action Plan for Plant-based Foods by 2026
More than 130 groups representing farmers, health professionals, consumers, animal welfare and environmental interests have written a letter to European Commissioner for Agriculture and Food, Christophe Hansen, urging him to...
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European farmers must be protected
European farmers, the daily bread of European citizens, must be protected – the Minister of Agriculture emphasized on Monday on the M1 current affairs channel. According to István Nagy, this...
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EU agreement reached to reduce food and textile waste
EU member states and the European Parliament have reached a provisional agreement on new rules to reduce food and textile waste. These would reduce waste from food processing and manufacturing...
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27 EU agriculture ministers: a separate agricultural budget is needed, with regionally based subsidies!
European farmers, the daily bread of European citizens, must be protected – the Minister of Agriculture emphasized on Monday on the M1 current affairs channel. According to István Nagy, this...
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The European Commission has set out a roadmap to improve the competitiveness of agriculture and the food industry
The European Commission published a roadmap on Wednesday to improve the competitiveness and attractiveness of the agricultural and food sector by simplifying regulations, promoting innovative solutions and promoting digitalisation. According...
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The EU will take firm action against measures that hinder free trade
The European Commission considers US President Donald Trump’s trade policy based on the principle of “reciprocity” a step in the wrong direction, does not see the increase in export tariffs...
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