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Hungary Wants to Provide a Competitive Investment Environment

The Hungarian government wants to create favorable conditions for foreign investment, according to the Foreign Minister. German business leaders spoke positively at a forum in Berlin, but some criticized the extra profit tax. “Hungary must continue to provide the most competitive most competitive investment climate in Europe in taxation and other fields in Europe,” Péter […]

Hungary on track to becoming one of Europe’s innovation leaders

Hungary could be among Europe’s innovation leaders by 2030, but the research and development system established in recent years could bring spectacular results within a few years, said the President of the National Research, Development and Innovation Office (NKFIH) at the Innovation Day conference of Eötvös Loránd University (ELTE) in Budapest on Tuesday. Zoltán Birkner […]

Learning about tax deductions in small steps

Tax deductions are available for both interest payments and charitable gifts. The fact that you can deduct some expenses from your taxable income is also favourable. They can save hundreds of dollars on your tax obligations. Costs that can be deducted from your income to lower your taxable income are known as tax deductions. Many […]

Chinese Investment Contributes to Hungary’s Growth

Hungarian Foreign Minister Péter Szijjártó met his Chinese counterpart in New York. Bilateral relations are mutually beneficial and Chinese investment is key to growth, he said. Large-scale Chinese investments can allow Hungary to maintain its growth, while Europe appears on the brink of recession, according to Minister of Foreign Affairs and Trade Péter Szijjártó, who […]