- Expected Amendments To The Tax Legislation For 2017
- Supreme Court ruling on hostile takeover defence costs
- New rules of e-signature
- The Rules Of Compensation For Debt Recovery Costs
- Provisions on the new Employee Stock Ownership Plan
- Public Health Product Tax – Tax Allowance For Health Promotion Programmes
- The Most Important Tax Legislative Changes Effective From 2016
- The Legal Aspects Of Telework
- Easier Data Transfer To Countries Outsite The EU
- New Feature For Invoicing Softwares Required
- Mandatory Employment Of Fire Protection Specialists
- Amended Rules Of Proceedings For The Protection Of Possession
- Changing Advertising Tax Rates
Hungary is popular location among small companies and international corporations who want a base in Central Europe.... Investors believe that Hungary’s property market is a good investment and expect local residential property prices to continue rising for at least a decade. According to Hungarian media outlet Origo, every fifth property transaction in the country involves foreign buyers, who are mainly from China, Russia and Ukraine. More...
Budapest Business Journal
Magyar Suzuki, the Japanese car makerʼs Hungarian unit, on Wednesday announced the launch of a HUF 5.3 billion R&D project to produce vehicle prototypes and more efficient production technologies, state news wire MTI reported. More...
Telenor has agreed to sell its subsidiaries in Bulgaria, Hungary, Montenegro and Serbia to Czech investment group PPF Group for €2.8bn, it was announced on March 21. The transaction is expected to be completed within Q3 2018 and requires regulatory approval. The company has some 10mn customers in the four markets – 3.4mn in Bulgaria, 3.3mn in Serbia and Montenegro, and 3.1mn in Hungary – or 5.5% of its total base, but the company has lost 1mn subscribers in the last three years. More...
The European Union said on Tuesday that the right of citizens from poorer member states to work in richer ones on a low salary would be limited to 18 months under a reform of the bloc’s labor laws sought by France. More...
Erbslöh Hungária, a unit of German automotive group WKW, will spend HUF 14 billion to build a 1,500 square-meter production hall and install new surface treatment technology, increasing capacity, in Győr (121 km northwest of Budapest). More...
PwC Press Release
For Hungarian companies, Germany remains the most important target for market growth, while Romania has climbed to second place in one year. CEOs are optimistic about the future, despite major challenges such as a labour shortage, changing workforce demographics, and an increasing tax burden on labour. More...
The European Union’s scientific research centre has explored the idea of linking the power grids of Europe and China, in order to tap into the immense clean energy potential of the Middle Kingdom and the countries of Central Asia. The transcontinental electricity link would be monumental, stretching anything from 5,000 to 8,000 kilometres. Another objective of the projected with an estimated cost of EUR 15-28 billion is to lower Europe’s energy dependence on Russia. The study draws up three potential routes, two of which would include Hungary, as well. More...
Air Traffic Management
The UK-based air traffic services provider NATS has signed an agreement with its Hungarian counterpart HungaroControl to collaborate on digital tower projects around the world. The framework agreement brings together two of the world’s leading air navigation service providers in the development and application of digital tower technology. More...
Hungarian News Agency via bbj.hu
Hungarian insurersʼ combined revenues from premiums rose 7% to HUF 948.1 billion last year, data released by the National Bank of Hungary (MNB) on Wednesday show, cited by state news wire MTI. Insurance companiesʼ after-tax profits rose 25% to HUF 64.5 bln in 2017. More...