Business Planning

Cash payment is now a constitutional right in Hungary

As of July 1, 2025, cash payment is becoming a constitutional right in Hungary. This means that apart from specific cases, Hungarian businesses are required to make it possible for their customers to pay with cash if that is their preferred method. Read on to learn if this will affect your operation.

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How to keep your office cool and comfortable in summer

Summer is here, and air-conditioners are running in most workplaces. The temperature in the office doesn’t just affect comfort – it also impacts your employees’ health and productivity. That’s why there are rules in place to make sure workplace temperatures stay safe and appropriate.

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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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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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Employing executives at your Hungarian company

As your Hungarian company is growing, you might want to distribute leadership duties and increase the number of executives either by way of promoting existing employees or employing executives as new hires. However, executive employees have different rights and protections, while a promotion may affect the work permit status of an employee.

The post Employing executives at your Hungarian company appeared first on Hungarian Work Permit.

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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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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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 you cannot make transfers freely or without proper documentation.

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Tax brackets in Hungary

Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain income limits.

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Organizational citizenship at your Hungarian company

Organizational citizenship behavior is everything that employees do outside the scope of their job description to support their colleagues and to benefit the organization as a whole. Let’s see how it works and how you can encourage it at your Hungarian company.

The post Organizational citizenship at your Hungarian company appeared first on Hungarian Work Permit.