The Hungarian and Polish governments withdrew their threat of veto, thus becoming an EU budget; all 27 EU Member States have agreed on climate protection targets; the Christmas menu is a bit more expensive than last year. This is hvg.hu’s weekly economic summary.

The Hungarian and Polish prime ministers have withdrawn their threat of a veto, so the EU will have a budget from 2021 and EU funds will be tied to the rule of law. However, punitive measures will not be applied until the Court of Justice of the European Union has ruled that the legislation is compatible with EU law.

This means that all negotiators can declare themselves the winners, but at best, only those who are not used to sending victory reports home after almost every EU summit should be surprised. Viktor Orbán, using the rhetoric of war, has bought time, EU funds are unlikely to be withdrawn until the 2022 elections (and probably not even until the 2023 Polish elections), and politicians demanding more rules Strict ones may feel that if the EU makes decisions even slow, as always, in the long run, but their ideas prevail.

The European Union will reduce its greenhouse gas emissions by 55 percent by 2030, it decided at the same EU summit in Brussels. The deal was uncertain for a long time, but in the end a deal was reached with the last resistant member state, Poland.

The date of the engagement is symbolic: it was just the fifth anniversary of the celebration of the Paris Climate Agreement. For the first time in history, participating states made quantifiable commitments to reduce greenhouse gas emissions, particularly carbon dioxide. However, the result is mixed: although the share of renewable energy sources in the energy mix is ​​growing worldwide, emissions continue to rise despite the agreement.

State wage subsidies and contribution cuts do not really help restaurants and leisure facilities, the parties complain. “More than anything, but otherwise little”, evaluated László Kovács, president of the Hungarian Association of the Restoration Industry, to our question.

“Another stumbling block, as one of the companies operating in the troubled sectors does not have at least a minimal public debt at the time of application,” said a restaurant in Buda. But it is also incomprehensible that the administration is huge, all the employment contracts of all the employees and their modifications must be attached to the application.

Image of the Week: The block of flats on the site of the VITUKI Water and Environmental Management Research Center was demolished to build a stadium on its site.

This year’s Christmas menu hasn’t gotten much more expensive than previous ones, but that’s basically because pork prices have dropped a lot. The price of almost all other staples is going up, not a little; At the peak of this we see the increase in the price of rice, the average price per kilo has risen almost one and a half times in a year, mainly due to the weakening of the forint.

We will eat, but according to a survey, a third of Hungarians do not buy anything for Christmas this year. Those who buy will also spend less on gifts.

A few years ago, a Hungarian family business, Resysten, sensibly entered the disinfection market. A Japanese idea was further developed, a material was produced from titanium dioxide that prevents pathogens from sticking to any surface.

Production takes place in a laboratory near Szeged. Since the advent of the coronavirus, tens of thousands of square feet of material have been continually prepared in advance because “you never know how many orders will arrive.” The epidemic has brought staggering growth, and homeowners say income could also “triple.”

Alföldvíz Zrt., Which supplies water to counties in southern Hungary, is less successful. Alföldvíz Zrt. It was anticipated in September with the fact that its loss was already such that the share capital decreased below the rate prescribed by law, so the contribution of the owners to the reduction of capital is inevitable. So the state could now even buy the company cheaply if it wanted to.

In justifying the situation, they mainly refer to the tax on public services, general expenses and salary increases. On top of all this, the company was also affected by the failure of the project started in 2011, which would have provided cheap Arad water to replace arsenic household water in a Hungarian-Romanian joint venture, such as the Lőrinc Mészáros project. from arsenic to peace wells.

As an alternative to shopping in crowded stores, the national medical director Cecília Müller suggested “the possibility of thinking about online shopping”. When we asked Magyar Posta about their proposed deadline, they replied: if you definitely want to receive the Christmas gift, don’t wait any longer than December 18.

Couriers will also beef up this Christmas by employing temporary labor, and in online retail, personal pickup can work, home delivery can be less expensive.



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