Related articles

• Politics

  Government to pull plug on home savings support

  

  Under a plan submitted by Erik Bánki of the governing Fidesz, the government is planning to end state support of the home savings support system, in order to redirect the funds towards the Home Purchase Subsidy Scheme for Families (CSOK), according to a document on parliamentary website parlament.hu.

   Mon, Oct. 15, 2018, 14:10

  • government
  • homes
  • support
  • savings
  • legislation
• News

  Béres wins Providentʼs Social Usefulness award

  

  Hungarian medicine company Béres Gyógyszergyár Zrt. has won loan firm Providentʼs Társadalmi Hasznosság (Social Usefulness) award, presented at the Figyelő Top 200 Gala, according to a press release sent to the Budapest Business Journal.

   Mon, Oct. 15, 2018, 13:31

  • Béres
  • Provident
  • award
  • society
  • Figyelő
  • Top 200
• Region

  Two Hungarian firms in Deloitte Technology Fast 50

  

  Companies on the Deloitte Technology Fast 50 Central Europe list have achieved the fastest growth rate ever, achieving average revenue growth of 1,290% in the past four years. Hungarian firms Supercharge and SmartFront made the list, according to a press release sent to the Budapest Business Journal.

   Mon, Oct. 15, 2018, 12:42

  • technology
  • Deloitte
  • Fast 50
  • Supercharge
  • SmartFront
• Business

  Herbal tea manufacturer builds new factory, eyeing exports

  

  Pharmaherb Kft., the producer of medicinal herb products by György Szabó (also known as "Gyuri Bácsi"), laid the foundation stone of a new plant in Bükkszentkereszt, northeast Hungary, last Thursday, according to a press release sent to the Budapest Business Journal.

   Mon, Oct. 15, 2018, 12:15

  • medicine
  • factory
  • herbal tea
  • Bükkszentkereszt
  • export
  • Györgytea
• Economy

  Construction sector output up 24.4% in August

  

  The volume of construction output was 24.4% higher in August 2018 than a year earlier based on raw data. Output increased in both main groups of construction; in the construction of buildings by 10.1%, and in civil engineering works by 46.8%.

   Mon, Oct. 15, 2018, 11:30

  • construction
  • output
  • building
  • civil engineering
  • KSH
• Analysis

  Hungaryʼs VAT Gap second only to Austria in region

  

  A new report by the European Commission (EC) reveals that Hungary is in second place in the CEE region in successfully collecting VAT, trailing only Austria, with its so-called VAT Gap standing at 13%, according to a press release sent to the Budapest Business Journal.

   Mon, Oct. 15, 2018, 10:56

  • VAT Gap
  • Hungary
  • Austria
  • tax
  • PwC
  • EU
  • EC
  • CEE
• News

  Families granted HUF 250 bln in CSOK home purchases subsidies

  

  More than 90,000 Hungarian families have taken advantage of a total of HUF 250 billion in grants within the framework of the Home Purchase Subsidy Scheme for Families with children, known by its Hungarian acronym "CSOK," Katalin Novák, state secretary for family and youth affairs, said at a press conference on Saturday.

   Mon, Oct. 15, 2018, 10:00

  • CSOK
  • home
  • purchase
  • subsidy
  • family
  • children
  • Novák
• Analysis

  1/3 of Hungarians are impulsive buyers

  

  A representative survey conducted by insurance company Generali found that one-third of Hungarian shoppers regularly make impulse purchases, buying products they do not need or had not planned on getting, according to a press release sent to the Budapest Business Journal.

   Mon, Oct. 15, 2018, 09:30

  • shopping
  • buyers
  • consumer
  • research
  • Generali
• Economy

  Retail employment up in 2017

  

  The number of workers employed in the retail sector, working at organizations with at least five people, rose by 1.55 % to 195,000 in 2017 compared to 2016, MTI reported based on a summary of data by the Central Statistical Office (KSH). 

   Mon, Oct. 15, 2018, 09:00

  • retail
  • employment
  • jobs
  • salary
• News

  Marketing alliances blast govʼt proposal to increase ad paper tax

  

  According to a proposal submitted on September 24, the environmental protection tax on one kilogram of paper used for ads is set to increase to HUF 304 from the current HUF 85 rate, an amount that is unacceptable to both the Hungarian Advertising  Association (MRSZ) and Direct and Interactive Marketing Alliance (DIMSZ), according to a joint press release sent to the Budapest Business Journal.

   Fri, Oct. 12, 2018, 13:33

  • ad
  • marketing
  • proposal
  • increase
  • price