Tag "EU"

Slower growth in the EU and in the euro area

Compared to the flash estimate, the economies of the euro area and the European Union grew slower in the fourth quarter of last year – according to the second estimate...

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EU-level voucher system

As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...

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FM: the EU is satisfied with the Hungarian precautions against avian influenza

The European Union’s food health commissioner is satisfied with the Hungarian authorities’ precautions against avian influenza. Vytenis Andriukaitis EU commissioner indicated that Hungary can continue to count on the financial...

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Our agri-food export to Greece has seen better days

Hungary used to export agri-food products in the value of EUR 150 million to Greece after our accession to the European Union, but our direct export has reduced by half...

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European retail chains getting stronger

In Q3 2016 the sales revenue of European retail chains increased – according to a report by Moody’s Investors Service. Moody’s vice president Vincent Gusdorf told: the good performance is...

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Cheap pre-financing can compensate the delay in payment tender

In a few weeks the European Union’s tenders will start. The remaining tenders of the 2014 to 2020 budget period should be published by the end of March. The Prime...

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EU-level voucher system

As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...

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Economic growth accelerated in Europe

Economic growth accelerated in Europe both in the European Union as a whole and in the euro area in the last quarter of last year – according to the first...

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Honey falsification: EU needs to take actions against honey adulteration

If the beekeepers would sell their honey at current price it would mean bankruptcy for them – Nagyernyei Attila, president of the Tolna County Apiary Association told. The purchasers offer...

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Economic sentiment improved in the euro area and declined in the EU

In January, the economic sentiment improved slightly in the euro area and deteriorated somewhat in the EU – according to the communication of the European Commission Directorate-General for Economic and...

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Csepreghy Nándor: Hungary is at the forefront in the use of EU funds

Hungary is ranked as the first among the Visegrád countries in the utilization of the European Union funds, while in the European Union’s 28 member states Hungary is among the...

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The EU would like to stabilize the higher milk prices

The past few months brought milk price increase globally. In Hungary, the national average producer price of raw milk was 88.65 HUF per kilo in December 2016. The average price...

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The number of overnight stays broke a record last year in the EU

The number of overnight stays broke a record again last year in the European Union, despite the fact that far fewer people visited the tourist facilities of France and Britain,...

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Hungary asks for the European Commission’s crisis support

In order to easen the economic impact of the bird flu, Hungary officially asks for the European Commission’s crisis support – the Ministry of Agriculture (FM) told MTI on Monday....

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Consumer sentiment improved slightly in Europe

According to the preliminary data published by the European Commission’s Economic and Financial Affairs (ECFIN) on Monday, the sentiment index rose by 0.2 points to minus 4.9 points in the...

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China has become one of the most important trading partner of the EU and Hungary

At a panel discussion at the Lámfalussy conference, Palotai Dániel, managing director of the Hungarian National Bank (MNB) emphasized that China has become one of the most important trading partner...

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Euro zone’s inflation is on a nearly three-year peak

Because of the increase in energy prices, the highest inflation of nearly three years occured last December in the euro zone – according to Eurostat’s statement, published on Wednesday. According...

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The innovative SMEs can receive 160 million euros fundings in eight EU countries

The European Investment Fund (EIF) and the UniCredit bank signed a guarantee agreement through which innovative small and medium-sized enterprises (SMEs) and mid market capitalized companies can apply for 160...

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The EC expects a growth in the number of pigs in Europe

The European Commission expects a slow but steady increase in the European Union’s pig meat production from 2018 until 2026. According to the projection, the output will be around 23.9...

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A growth in the euro zone’s merchandise trade surplus

The European Union’s statistical office, Eurostat calculated that in November 2016, the exports of goods of the euro zone to the rest of the world increased by 6 percent to...

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The EU is acting against the sales of dangerous products

The European Commission has tabled two legislative proposals to help businesses, and SMEs in particular, to sell their products within the European Union and to strengthen the controls of the...

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The EU sold 76 percent more pork to China

According to the data of the European Commission, the European Union sold 26 percent more pork in the international market in the first ten months of 2016, compared to a...

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Retail sales decreased in Europe

Retail sales in the euro zone and in the European Union decreased in November, compared to the previous month – according to Eurostat. In November 2016, retail sales in the...

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Wheat sown area hardly changed

According to the EU’s statistical office, winter wheat seeds were sown on 24.2 million hectares in the European Union last year, which is the same as in 2015. According to...

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NBAC: 7.4 percent of the sales revenue is lost due to counterfeiting in the EU

7.4 percent of the sales revenue (48 billion euros) is lost every year because of counterfeiting and different forms of piracy in the European Union – the National Board Against...

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Inflation increased in the euro area and in the EU

Inflation increased in the euro area and in the EU in November, both the euro area and in the European Union, compared to October, according to the data of Eurostat...

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Good poultry export data

According to the European Commission's latest November data, the total poultry meat output of the European Union is expected to rise 2.5 percent to 14.6 million tonnes compared to 2015....

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The productivity of the domestic firms is improving but still far from the EU

Although there are some positive trends, there are major differences depending on company size and sector, but the productivity of only 1-2 percent of the domestic companies can be considered...

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FM: the EU Agriculture Ministers urged to strengthen the bargaining power of producers

The agriculture ministers of the EU Member States have adopted a political resolution on Monday, inter alia, about the suppress of unfair distribution practices – the Ministry of Agriculture (FM)...

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The EU’s and the euro area’s retail increased in October

Retail sales increased in October both in the euro zone and in the European Union. The EU's statistical office (Eurostat) on Monday announced that, according to the seasonally adjusted data,...

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