Tag "EU"
EU about to rethink tax systems
The European Commission have shared the contents of their Anti-Tax Avoidance Package (ATAP) with the public. There are three main courses of action: introducing a common consolidated corporate tax base;...
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Declining economic sentiment in Europe
Economic sentiment declined in the euro zone and in the European Union in March for the third consecutive month. According to the report issued by the European Union’s Economic and...
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Economic growth in the eurozone strengthened in March
The pace of economic growth intensified in the euro zone’s private sector in March, while the deflationary pressure remains due to discounts granted in response to the depressed demand –...
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Hotel Association: the EU institutions support the strengthening of hotel ratings
The institutions of the European Union support the further strengthening of the Hotelstars Union’s (HSU) certification system used on the European hotel industry – the Association of Hungarian Hotels and...
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A decision was born in Brussels on the temporary reduction of EU milk production
The European Union backed temporary cuts in milk production on Monday, in an emergency move intends to tackle excess supply. The overproduction of milk has been a problem since the...
Read moreNew warnings may be place on the labels of the beer and wine bottles
The Hungarian consumer protection propose new kind of labeling on the labels of the alcoholic beverages to the European Union. They want to reach to indicate the calorie content of...
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Fake handbags and suitcases cause 1.6 billion euros damages each year in the EU
It is estimated that the industry loses approximately 1.6 billion euros revenue each year due to the presence of counterfeit handbags and luggage in the EU marketplace, corresponding to 12.7...
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The retail of the EU and the euro zone increased in January
Retail sales in January increased in the euro zone and in the European Union, compared to the previous month. EU's statistics office, the Eurostat announced on Thursday that, according to...
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Consumer prices decreased in the euro zone in February
According to preliminary data of Eurostat consumer prices in February fell by 0.2 percent, compared to a year before. After January's 0.3 percent growth, the analysts expected a stagnation. Consumer...
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Consumer sentiment deteriorated in the euro zone and in the EU as well
Consumer confidence deteriorated in February in the euro zone and in the European Union – according to the European Commission's preliminary flash estimate that was published on Friday. The sentiment...
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Magazine: Migrants in the labour market: crisis or opportunity?
Last year more than 1.2 million people asked for asylum in the European Union, twice as many as in 2014. Many experts say that from an economic and labour market...
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Foreign trade expanded in Europe
Last year, both the euro zone and the EU increased their exports and imports, and the trade surplus increased in both regions as well – the European Union's statistical office,...
Read moreMeasures against honey forgers
The European Commission developed a control plan in order to eliminate industrially created import honey imported to the EU. In Hungary the fake honey have been basically eliminated. The NÉBIH-...
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Hungary performs well in the EU export competition
According to the first approximation, the euro zone’s 19 Member States shipped 167.5 billion euros worth goods to the rest of the world in December 2015, which is a three...
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EU apple and pear may be allowed to enter the USA
The United States Department of Agriculture (USDA) published a draft regulation that gives a green light to apple and pear import from the European Union. This is great news for...
Read moreEconomic sentiment improved in Hungary and deteriorated in the EU in January
The economic sentiment index of the eurozone and the European Union deteriorated in January, while improved in Hungary and in the Central and Eastern European countries – it the European...
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Eurostat: The number of overnight stays broke a record in the European Union
In 2015, the number of nights spent in tourist accommodation establishments in the European Union (EU) is expected to have reached a new record level of around 2.8 billion nights,...
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Soybean production is ramping up by the EU’s direct subsidies
One of the biggest challenge for crop producers last year was the convertion to the European Union’s direct aid. Among the new support conditions soybeans have become hit products, while...
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Prices in the EU and in the euro zone increased slightly
Inflation rose slightly in December in the euro zone and in the European Union – the EU's statistical office, the Eurostat announced on Tuesday. Compared to the previous year, consumer...
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Apples and pears from the EU can be transported to the U.S.
Apple and pear exports became available from European Union to the United States. Thus, the European producers may get a new sales opportunity after they lost a substantial part of...
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EU food aid: it is not known when the packages will be distributed
Food packages are distributed to the needy in Romania for many years with the support of the European Union, usually before Christmas. In the early years the municipalities directly arranged...
Read moreThe Eu retail sales rose, while a decrease occured in the euro zone
The volume of retail sales decreased in the euro area in November, compared to the previous month, but rose slightly in the European Union. The EU's statistical office (Eurostat) on...
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0.2 percent euro area inflation in December
Consumer prices in the Eurozone are expected to edge up 0.2 percent year-on-year in December of 2015, the same as in the previous month but below market expectations, preliminary estimates...
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NGM: an additional 30-40 billion HUF EU support is expected by the end of this year
The Ministry of National Economy announced before that the evaluation of the first round ended in August. During the first round nearly 400 projects won by 57.7 billion HUF support....
Read moreCorn yield: the European Commission cuts back this year's forecast
The European Commission modified its forecast on corn for this year. The EC reduced its forecast for this year's yield by almost one million tonnes to 56.6 million tonnes. Last...
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Counterfeit toys caused more than 400 billion HUF losses to the EU
The counterfeit toys caused almost 1.5 billion euros (more than 400 billion HUF) annual revenue loss in the Member States of the European Union. It is about 12 percent of...
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The EU has extended the economic sanctions against Russia
The European Union moved on Friday to extend economic sanctions against Russia for six more months for its annexation of Crimea and support for separatists in Ukraine, even as European...
Read moreThe agricultural ministry initiated the stricter monitoring of imported honeys into the 0EU
Hungary has Initiated the stricter monitoring and a more accurate indication of the origin of imported honeys into the European Union, at the Agriculture and Fisheries Council meeting in Brussels...
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Hungary wants the chimney cake to be declared as a traditional specialty in the EU
It is expected that Hungary will submit the application in which Hungary wants the chimney cake to be declared as a traditional specialty in the European Union by the end...
Read moreEuro area’s retail sales declined in October
In October, retail sales in the euro area declined, while in the European Union did not change on a monthly basis – the European Union's statistical office, the Eurostat announced...
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