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New payment transparency rules coming in 2026

To reduce the gender pay gap in the EU, a new payment transparency directive is on its way, which should be implemented in all member states by June 2026. In turn, employers will need to implement various measures to increase transparency, while the new rules will improve employees’ position in bargaining for better salaries.

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Price margin cap extended to household products

After the March introduction of a 10% price margin cap on various basic groceries, now a 15% price margin cap has been introduced for various household products. The new rule is expected to remain in place until the end of August.

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Another wave of USD devaluation on the horizon

USD is historically considered one of the most stable currencies. Investors turn to it both in good times and bad, driving up its value in both instances. This is sometimes referred to as the dollar smile – which might become crooked in the near future. In turn, this would affect the exchange rates of EUR and HUF as well.

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Tax returns in Hungary in 2025

If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online.

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Online purchases in Hungary

Online purchases take a more and more of the economy in Hungary as well as around the world. Read on to get familiar with the latest statistics, and consider how these numbers relate to your business in Hungary.

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How to make an employment contract in Hungary

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 quick guide about what to include, as well as some practical advice.

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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. How is this happening? Read on to find out.

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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 their margin on such items until the cap is in place.

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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 0.4% higher than in Q4 2023. The increase might seem small, but it indicates a turn after a lengthy period of challenges.

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