Government breaks promise made in agreement with new tax

The financial transaction tax announced by the national economy minister is contrary to the agreement concluded last December between the government and the Banking Association, the Banking Association told MTI. The statement notes that the government made a commitment in the agreement last December that the extent and the base...

The planting of tobacco has begun

This year, similar to 2011, the farmers will produce the industrial crops on an around 4,800 hectares – told the Chairman of the Pócspetri Based Hungarian National Association of Tobacco Producers to MTI on Monday. Bényei Illés told that the tobacco-growing area gives work to ​​more than twenty thousand people...

Consumer confidence is on its four-year peak in the the world’s largest economy

Consumer confidence increased to its more than four-year peak in May in the United States: The joint confidence index of the University of Michigan and Thomson Reuters increased to its four-year peak, to 77.8 points in mid-May. Analysts expected 76.2 points, after the 76.4 points of April. Consumers are more...

Mall constructions continue in Croatia

Construction market in Croatia shows a slow progress. Mainly the highways can pull the sector, but commercial real estate developments will continue as well, which means that more and more malls and office building to be opened. Arena Centar.  photo: Trigánit Croatia’s construction industry has registered a huge fall from...

GKI: purchasing power of the population will decrease by two and a half percent this year

This year, the purchasing power of the population will decrease by about 2.5 percent. It will be the fifth year since since 2006, , when – except for last year’s stagnation – a reduction will occur in the consumption of the population – wrote the head researcher of GKI. In...

OKSZ: the marking of eggs per kilogram is not a good idea

The indication of the unit price for a lot of food is mandatory, in the case of eggs it could be problematic – writes in the National Trade Association (OKSZ) on the idea, pricing the eggs per kilogram. It is expected that the government changes the rules on the unit...

Consumers International recommendations for the UN high-level summit on non-communicable diseases

Three of the four main risk factors for NCDs relate directly to consumer issues. Consumers International (CI) calls on world leaders to support consumers through education, principled advice, restrictions on harmful or misleading marketing, and actions to ensure access to healthy products and the elimination of disincentives to healthy consumption....

Slow economic recovery may start in Europe in the second part of this year

The European Union’s economy is currently in a mild recession, but in the second half the slow recovery from the crisis is expected to begin – projects the European Commission in its spring economic forecast published on Friday. The report pointed out that Europe’s economic performance declined at the end...

Agricultural program starts in Szabolcs and in Hajdú-Bihar counties

Two new program will provide jobs to two hundred people in Szabolcs-Szatmár-Bereg and Hajdú-Bihar counties – announced Czomba Sándor, Secretary of State at the National Economy Ministry (NGM), responsible for Employment Policy, at the program’s press conference on Friday in Tarpa, Szabolcs-Szatmár-Bereg county. The project aims to use the remaining...

Shanghai remains the most competitive commercial center in China

Shanghai has remained the most competitive commercial center in China, however, the city is experiencing difficulties in growth prospects. As in the previous years the Finance and Economics University of Sanghai nominated Shanghai as the most competitive commercial center in China. On the list of the 33 most competitive Chinese...