Analysis
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.
The post HUF exchange rates in Q1 2025 appeared first on Helpers Finance.
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.
The post Price margin cap to combat inflation in Hungary in 2025 appeared first on Helpers Finance.
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.
The post Hungarian GDP starts growing again in Q4 2024 appeared first on Helpers Finance.
According to the latest surveys, cash remains a strong element of Hungarian economy, while digital payment methods are slowly gaining ground.
The post Cash and digital payment in Hungary appeared first on Helpers Finance.
Moving your business to Hungary? Whether you are setting up a subsidiary to your existing business or a completely new venture, the Limited Liability company (or LLC for short) is an excellent option for starting your operation in Hungary and the EU.
The post 5+1 reasons to set up a Hungarian LLC appeared first on Company Formation.
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 you cannot make transfers freely or without proper documentation.
The post Can I put my own money in my Hungarian company? appeared first on Helpers Finance.
NACE, or TEÁOR in Hungarian, is a classification of economic activities that is used in Europe to make statistics about what businesses do and where their income is from. The latest NACE update came into force as of 1 January 2025, and it might mean a few additional tasks for you and your accountant.
The post NACE update 2025: Rev. 2.1 introduced throughout the EU appeared first on Helpers Finance.
The short answer is: Hungary does not limit the number of citizenships its citizen may hold at the same time. You can have Hungarian citizenship as your second or third citizenship.
The post How many citizenships does Hungary allow? appeared first on Hungarian Citizenship.
In Europe, VAT is a tax on consumption, added to the net price of goods. Standard VAT rates are different in each EU member state and depend on the type of goods or services. If you trade internationally, calculating VAT will be an essential part of your accounting and bookkeeping.
The post VAT rates in Hungary appeared first on Helpers Finance.
Under the new Hungarian immigration law that came into force this year, the Hungarian work permit has been split into several categories. Which work permit types will be relevant to your Hungarian company?
The post Which work permit types are relevant to your Hungarian company? appeared first on Hungarian Work Permit.