Tag "EU"
Consumer confidence improved in May in the euro area and in the EU
Consumer confidence in the euro area and the European Union has improved significantly in May, according to a survey by the European Commission’s Economic and Financial Directorate (DG ECFIN). According...
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The EU has adopted a ban on disposable plastics
The European Union’s General Affairs Council has adopted a ban on certain non-reusable plastics in response to plastic pollution – the EU Council announced on Tuesday. According to the information,...
Read moreA tracking system follows the movement of illegal tobacco products
A new EU monitoring system came into force on Monday, recognizing the movement of non-legally produced or illegally introduced tobacco products within the EU by means of a unique identifier...
Read moreWe continue to stand up to the tax exemption for home-made pálinka
Hungary still does not support the taxation of home-made pálinka cooking, and at every forum stands for the European Union to allow tax exemption for the production of fruit distillate...
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EU goods turnover surplus has fallen compared the United States
The European Union’s trade surplus against the United States declined in the first quarter of this year, but China’s deficit has increased, according to the preliminary data published by the...
Read moreNagy István: we need to keep the level of EU agricultural subsidies
In order to maintain the current level of subsidies, the right framework and simple conditions are needed in the European Union’s agricultural policy – Nagy István, Minister of Agriculture said...
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Retail sales in the euro area grew stronger than expected
The European Union’s Statistical Office (Eurostat) reported that the seasonally adjusted retail sales stagnated in the 19-member eurozone, while on an annual basis increased by 1.9 percent. Analysts expected an...
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Employment in the European Union increased to a fifteen year peak last year
Employment in the European Union increased to a fifteen year peak last year, and thirteen of the twenty-eight Member States have reached their national target for 2020 – according to...
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The European food fraud report was published
The 2018 report of the European Food Fraud Network (EU Network for Food Fraud), which provides insight into information exchange through the Administrative Assistance and Cooperation System (AAC) was published...
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The ZEW German and Euro-zone economic sentiment index is at its one-year peak
The economic sentiment index has risen to the highest level of the past one year in Germany and in the euro area – according to the report of the Mannheim-based...
Read moreEU: climate change, urbanization and the demographic crisis are among the main global megatrends
The challenges posed by climate change, urbanization and the demographic crisis are among the most important global megatrends, which will inevitably and greatly affect the functioning of the world by...
Read moreIn case of a Brexit disorder, the EU will immediately restart customs controls
Customs controls on goods coming from the United Kingdom will immediately restart, after which VAT will have to be paid if Great Britain leaves the European Union in an irregular...
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The EU has adopted an investment package for infrastructure projects in 10 Member States, including Hungary
In the framework of cohesion policy, the European Commission has adopted an investment package of 4 billion euros for 25 large-scale infrastructure projects in 10 Member States. In the case...
Read morePálinka cooking can be tax-free again
In May, a decision could be made in the European Union on the initiative on the exemption of home-made pálinka – Magyar Nemzet Online wrote. – The suggestion is also...
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The United States and China are the EU’s biggest trading partners
The European Union concludes one third of its foreign trade with the United States and China, while Germany is the largest trading partner for most of the EU member countries...
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Labor costs increased in the EU
Labor costs have increased in the European Union as a whole and in the euro area in the last quarter of last year – according to the data released by...
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The European Commission urges the creation of a council to support innovative initiatives
The European Commission intends to speed up the establishment of the European Innovation Council (EIC), helping to bridge the innovation gap in Europe. Under the program, four Hungarian small and...
Read moreSeven percent of EU imports are counterfeit
There is a growing problem that an increasing share of the commodities traded in world trade are counterfeit, for example, 7 percent of EU imports are counterfeit products, which poses...
Read moreBrexit: probability of a disorderly exit has increased and the entire European economy will suffer
Yesterday, the British House of Commons voted against again to abolish the British EU membership agreement, so MEPs can decide on an unsettled exit. According to the Brexit analysis of...
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Euro area’s GDP growth is on a four-year low in the fourth quarter
Economic growth in the euro area fell to a four-year low in the fourth quarter of last year, according to the final figures of the European Union Statistical Office, Eurostat,...
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Retail sales in the euro area grew stronger than expected in January
The European Union’s Statistical Office (Eurostat) announced on Tuesday that according to the seasonally adjusted data, retail sales in the 19-member eurozone increased by 1.3 percent monthly and 2.2 percent...
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Newer companies have joined the agreement against the distribution of counterfeit products
New internet platforms and brand owners joined to the agreement against the distribution of counterfeit products that was established in 2011 and was strengthened in 2016 – the European Commission...
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The European economy will grow this year
The European economy is expected to grow for the seventh consecutive year in 2019, but appropriate and decisive political action is needed to promote investment and to help implement responsible...
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The economic climate deteriorated in the EU in February
Economic sentiment worsened in February both in the euro area and throughout the European Union. According to a report from the European Union’s Directorate-General for Economic and Financial Affairs (EcFin)...
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Eurobarometer: Hungarians are more positive towards the European Union than the average
Hungarians are more positive towards the European Union than the average. The number of those, who see the EU positive is more than twice as those who have a negative...
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The EU invests more than 10 billion euros into innovative clean technologies
The European Commission has announced a multi-sector investment program worth more than 10 billion euros (about 3200 billion HUF) to develop and deliver low-carbon technologies to increase Europe’s global competitiveness...
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The lowest inflation of the past nine months occurred in the euro area in January
In January, the lowest inflation rate of the past nine months in the euro area was recorded by the European Union Statistical Office, Eurostat, on the basis of final figures...
Read moreBrexit without agreement may bring steep rise in prices and a lack of food
Due to food shortages and sudden high tariffs, there would be a risk of steep price increases if the UK would leave the European Union without agreement during the Brexit...
Read moreBritish food exports to the EU cannot be guaranteed without agreement
In case of a Brexit without agreement, there would be no full guarantee that Britain could continue to export food to the markets of the European Union – the head...
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EU forecast: moderate growth is expected in the European economy
According to the European Commission’s (EC) Winter Economic Forecast, the European economy will continue to grow in 2019, as expected in the last seven years, and performance is expected to...
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