The message sent by the Hungarian National Bank (MNB) regarding the amortization of debt – who can afford to do so should strive to pay their debt back as soon as possible – agrees with the communication of the central bank, involving a stoppage of amortization. In the last one and a half year, the […]
Child labour is the exploitation of children through any form of work that interferes with their childhood and has negative effects on them physically as well as mentally. Nowadays, talking about capitalism as the culprit is a popular occurence. A lot of industries strive for a sustainable, green economy (at least in theory). Should word […]
The monetary conditions were left untouched by the Monetary Council of MNB on Tuesday, consequently, 0,6 % remains the base interest rate. Based on this, it is expected that the same fate awaits the reference interest rate on Thursday. Supposedly, this is was the last such occasion and, after almost ten years, a rise in […]
How to Open a Company in Hungary? – Requirements and Guideline There are many economic benefits to setting up a company in Hungary. Having a business in Hungary, unlike some other countries, means fewer expenses when it comes to companies register and upkeep. And compared to many Western European countries, the average wage is still […]
If you are familiar with the business you have probably encountered the terms of business accounting and accountant. However, when starting a new business it is vital to limit any unnecessary money spending. That is where usually a good business accountant comes into the picture. What does a business accountant do? Accounting usually refers to […]
Everything you need to know about the registered office address The navigation in the maze of laws and requirements can be a real challenge for many new company owners. Choosing the right form of business address is no exception to it. In our guide get yourself familiar with the different kinds of addresses, especially with […]
When it comes to handling the finances of a company, keeping the books organized is more than desirable for maintaining a smooth day-to-day operation. To do that, you should familiarise yourself with the basics of accounting and it is crucial to ask questions when you don’t know the answer. To help you and your business […]
In a World Bank survey, Hungary had the top ranking for trading across borders out of 190 surveyed nations. Their GDP has been rising year-over-year since 2010 and growth peaked at 5.2% in 2019. Forecasts for 2020 suggest further growth well above the average in Europe. Taking all this into account, it’s easy to see […]
If you want to start a business as a foreigner in Hungary, it is easier than in many other places in Europe. The process is also less time-consuming. There are many other benefits to this choice. For one, starting a business in Hungary could be your gateway into the European Union. Hungary is also known […]
If you want to start a company in Hungary, or to move your business there, you need to know how to pay taxes in EU member states. Also, it’s crucial to understand Hungarian tax laws and regulations. Since learning about the intricacies of the country’s tax system is difficult to do on your own, it […]
