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.…
Blog
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.
Local business tax in Hungary
While corporate tax in Hungary is the lowest in the EU at just 9%, there is another profit tax business owners must keep in mind: the local business tax, or…
Can I put my own money in my Hungarian company?
You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and…