As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start…
Category: Business
New price control measures introduced in Hungary to ease inflation
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support…
HUF getting stronger at the end of Q1 2023
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger,…
Uncertainties in the banking world – is 2008 repeating?
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry…
Vehicle tax payment deadline coming up
If you or your Hungarian business owns a motor vehicle registered in Hungary, you must pay vehicle tax twice a year, by 15 March and 15 September. This tax is…
Is the loan of the Széchenyi Card Program a good option for your small business?
The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option…