When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a…
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How to pay your business taxes in Hungary?
When you operate a Hungarian company, you will have to pay business taxes in Hungary. While your accountant can calculate the taxes you need to pay, it is you (or…
HUF exchange rates in Q1 2025
The HUF/EUR exchange rate has been through a ride over 2024, but since January, EUR is back under HUF 400. USD is also back under HUF 370 since early March.…
Price margin cap to combat inflation in Hungary in 2025
The Hungarian government decided to combat inflation by introducing a price margin cap on basic groceries. They have issued a list, and retailers selling items in these categories cannot increase…
Hungarian GDP starts growing again in Q4 2024
After difficulties in 2023 and 2024, Hungarian GDP is again on the rise. The volume of gross domestic product was 0.5% higher in Q4 2024 than in Q3 2024, and…
Cash and digital payment in Hungary
According to the latest surveys, cash remains a strong element of Hungarian economy, while digital payment methods are slowly gaining ground.