Inflation
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, with just a relatively small hitch in exchange rates in the middle of March. EUR exchange rates EUR is currently around HUF 380, as has …
The post HUF getting stronger at the end of Q1 2023 appeared first on Helpers Finance.
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 in the U.S., there is a worry that the even can start a domino effect. There is already a ripple effect observable globally – will it wear off before it leads to a new recession?
The post Uncertainties in the banking world – is 2008 repeating? appeared first on Helpers Finance.
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 in the current financial environment.
The post Is the loan of the Széchenyi Card Program a good option for your small business? appeared first on Helpers Finance.
Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange rates. They are continuing the implementation of a tight monetary policy until more encouraging economic trends are detected.
The post How long will the MNB keep up the tight monetary policy in 2023? appeared first on Helpers Finance.
Are you running a business in Hungary? Get familiar with the latest statistics and projections regarding GDP and inflation in Hungary in 2022 and 2023 based on the latest data.
The post Inflation in Hungary – what to expect in 2023 appeared first on Helpers Finance.
The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other tax items tied to the minimum wage. Read on to find out which of these will matter for your Hungarian business. Minimum wage and guaranteed minimum salary In Hungary, there are …
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As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax regulations. Read on to find out about the expected changes to taxes in Hungary in 2023. Flat-rate taxation Starting from next year, the conditions for …
The post <strong>Taxes in Hungary 2023</strong> appeared first on Helpers Finance.
How to make the most of your money is never an easy question. Especially under the current, unprecedented circumstances, among a pandemic, war, and increasing energy costs, it is increasingly difficult to make the right investment decisions. Read on to get an overview of the most prominent economic trends in Hungary in October 2022. Inflation …
The post Stay on top of the October economic trends and investment options in Hungary appeared first on Helpers Finance.
To counter the effects of inflation, new government securities are introduced in Hungary, while existing ones are also updated to provide safe options for savings and investment in Hungary. Announcement by the Government Debt Management Agency Starting from 19 September, interest rates will be increased as follows: One Year Hungarian Government Securities (EMÁP): from 4.75% …
The post New government securities available to natural persons in Hungary appeared first on Helpers Finance.
KATA is one of the most popular tax regimes in Hungary among small taxpayers. For some time, there have been talks about the introduction of further restrictions starting from 2023 (we wrote about them here). Now in just two days, the government has accepted a new set of regulations that practically eliminates KATA from September. …
The post New rules slap 400,000 KATA subjects in the face appeared first on Helpers Finance.