The amendment of the Accounting Law enters into force on January 1, bringing along first of all unified standards that serve the implementation of relevant EU guidelines. For large companies[…]
With each day gone the enhancement of credit business is considered more and more important, being a basic pillar of sustainable economic growth. However, this is only wishful thinking for[…]
The government is considering how to proceed with its industrial policy following the scandal over the manipulated diesel engines of the Volkswagen Group. At the moment only one thing is[…]
Thomas Faustmann gave up his position as president of the management board at Audi Hungaria Motor Kft after 13 years at the end of September. He has moved on[…]
The Monetary Council of the Hungarian National Bank (MNB) kept the base interest rate on 1.35% at its regular meeting this month, as expected by analysts. However, the prime rate[…]
In upcoming years, Budapest Airport will be spending more than 15 million euros annually on development, as the construction of a new pier can begin to extend the passenger capacity[…]
Standard & Poor’s Ratings Services has affirmed Hungary’s junk rating at “BB plus”, with “stable” outlook, in a scheduled review that confounded some analysts’ expectation of a raise in the[…]
Open for tourists, closed for migrants – this is the message of the Orbán government for foreigners. Tourism is booming, as if the refugee crisis could not influence the image[…]
Hungary had to renounce the title of European Growth Champion quite quickly. Still, the government is insisting on three-comma figures; agriculture is to blame for the fact that the results[…]
September 1 is not just the beginning of another school year in Hungary. It’s also the beginning for a new institution: private bankruptcy. Whether the legislative initiative, which is interpreted[…]
