Tag "EU"
Eurostat: number of guest nights booked on online platforms shows stable growth in the EU
The number of nights spent in short-term accommodation in EU member states showed a steady increase in the first quarter of 2025 compared to the same period of the previous...
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GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in a large supermarket! Everyone tries to put the same amount in their basket, but not everyone ends up buying the...
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NAV has published information regarding travel luggage
The National Tax and Customs Administration (NAV) has published a compilation of the rules on goods that can be transported in luggage on its website. In a statement sent to...
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AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution that allows retailers to outsource shipping. The platform has acquired several warehouses in Europe. As a result, shipping will be...
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Brussels has initiated proceedings against Hungary over margin restrictions
The European Commission has launched two infringement proceedings against Hungary for introducing retail margin restrictions that could adversely affect foreign, non-Hungarian companies. One concerns the regulation on the sale of...
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Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European Union in May, according to final calculations released by the European Union’s statistical office, Eurostat, on Wednesday. Eurostat’s website states...
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EU recognises certificates of imported seeds from Ukraine and Moldova as equivalent
The Council of the European Union adopted a decision on Thursday recognising the field checks and seed production standards carried out in Ukraine and Moldova as equivalent to EU requirements....
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Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased both month-on-month and year-on-year in April. According to data published by Eurostat, the statistical office of the European Union, retail...
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KSH: The services foreign trade surplus was 2.2 billion euros in the first quarter
In the first quarter of 2025, exports of services in euros decreased by 3.6 percent and imports by 2.6 percent compared to the same period of the previous year. The...
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Russian cucumbers flood the EU: the market for Polish producers is tense
Although the European Union’s sanctions policy on Russian agricultural products has tightened in several ways in recent years, a serious anomaly is now emerging in the case of fresh market...
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The single market would get a new boost: EU strategy to break down trade barriers
The European Commission is set to revamp the single market with a new strategy: the aim is to boost the EU’s economic performance and competitiveness by removing trade barriers between...
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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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