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• Business

  LMP’s Ungár makes offer for Magyar Nemzet

  

  As the last edition of daily newspaper Magyar Nemzet rolled off the presses today in the wake of the shock announcement of the paperʼs closure, Péter Ungár, a newly elected MP of opposition party LMP, confirmed that he has made an offer for the paper, as well as for similarly affected magazine Heti Válasz and radio station Lánchíd.

   Wed, Apr. 11, 2018, 11:21

  • ungar
  • magyar nemzet
  • heti valasz
  • lanchid radio
• Business

  Ford calls for stricter regulation of used car sales

  

  New motor vehicle sales have been picking up dynamically in Hungary, with Ford keeping its supremacy on nearly all fronts. The company says numbers would be far more impressive, however, if legislation were used to cut mass imports of units of obsolete technology.

   Wed, Jan. 17, 2018, 08:15

  • Ford
  • sales
  • used cars
  • regulation
  • Szamosi
• Whatson

  AmCham seminar looks at cutting GDPR prep and costs

  

  AmCham Hungary’s first morning seminar of the New Year will look at the fundamentals of the new General Data Protection Regulation (GDPR), its effects on the existing technology landscape of organizations, and how to address challenges with data analytics.

   Fri, Dec. 15, 2017, 08:00

  • gdpr
  • data protection
  • eu
  • regulation
• Finance

  Basel IV to bring changes to bank structures

  

  The Basel Committee on Banking Supervision (BCBS) has released its Basel IV recommendations, under which simpler or standardized models will be emphasized over the use of banks’ own internal models to calculate risk-weighted assets (RWA). Some European banks will have to consider increasing capital reserves to equal 10-15% of RWA.

   Tue, Dec. 12, 2017, 09:12

  • basel iv
  • banks
  • structure
  • regulation
  • reserves
  • rwa
• Analysis

  Service sector most impacted by legislation in CEE

  

  According to research on more than 1,000 passed bills in six Central and Eastern European countries, the most regulated industry is the service sector. Previously, the finance sector was the most regulated, says a press release sent to the Budapest Business Journal.

   Thu, Dec. 7, 2017, 06:48

  • services
  • legislation
  • finance
  • report
  • regulation
  • grayling
• Analysis

  Failing to comply with new rules could bring HUF 20 mln fine

  

  Under a new legislation that took effect in May and requires new reporting requirements for the transfer prices of multinational firms operating in Hungary, a fine of up to HUF 20 million can be issued to companies that do not comply with the new rule, Grant Thornton Hungary warns in a press statement sent to the Budapest Business Journal.

   Fri, July 21, 2017, 10:59

  • grant thornton
  • reporting regulations
  • multinational companies
  • transfer pricing
  • Nav
• Business

  National Institute of Oncology upgrades radiotherapy

  

  The National Institute of Oncology in Budapest, the largest comprehensive cancer center in Hungary, is upgrading its treatment machines with advanced linear accelerators from Varian Medical Systems, according to a press statement sent to the Budapest Business Journal today.

   Mon, Mar. 13, 2017, 13:23

  • national institute of oncology
  • cancer
  • treatment
  • radiotherapy
  • upgrade
• Business

  Multinational food retailers to face strict regulations in Hungary?

  

  A bill is thought likely to be submitted to Hungary’s Parliament soon that could introduce strict new regulations and taxes for multinational food retail chains in Hungary, spurred by Hungarian food safety authority NÉBIH’s “subjective” report on food quality, Hungarian online news portal index.hu reported yesterday, citing a leaked draft of the bill.

   Thu, Mar. 9, 2017, 13:46

  • multinational
  • strict
  • retail
  • regulation
  • tax
  • food
  • quality
• Politics

  Orbán to hold ‘representatives of global capital’ accountable

  

  Hungary’s Prime Minister Viktor Orbán said this morning that “representatives of global capital” need to be made accountable and transparent – believed to be a reference to non-governmental organizations (NGOs) critical of how the government has been handling the refugee crisis, according to reports.

   Fri, Feb. 24, 2017, 10:12

  • Orbán
  • weekly radio address
  • Soros
  • NGOs
  • migrants
  • Kossuth Radio
• Business

  Competition Authority blocks RTLʼs Central Media acquisition

  

  The Hungarian Competition Authority (GVH) has blocked the planned acquisition of Central Digital Media, the online portfolio of Central Médiacsoport, by Magyar RTL Televízió, the biggest commercial television broadcaster in Hungary, according to reports.

   Tue, Feb. 21, 2017, 11:23

  • rtl
  • central media
  • acquisition
  • merger
  • block
  • tv2
  • competition
  • gvh
  • authority
  • nmhh
  • media council