Two surveys, published in PwC’s 11th Global Consumer Insights Survey, examine the shopping habits and behavior of urban consumers before and after the COVID-19 pandemic, and how the global breakthrough has led to the faster spread of digital life. “At present, it is not clear at either global or local level how long the uncertainty […]

The OECD has set itself the goal of taking further steps to bring about a fair and equitable transformation of the global tax system within the framework of its new program, often referred to as BEPS 2.0, by developing two new tax concepts, referred to as pillars. "The first pillar of the program would allow […]

Budapest has been named as the most affordable city to run a business in the world, according a study by utilitybidder.co.uk. There are a lot of expenses to consider when people are starting up their own business, whether it’s paying staff, finding the perfect office space, or even just keeping the lights on. "But how […]

During the state of emergency declared after the domestic appearance of COVID-19, a number of legal provisions were adopted, which helped all market participants to adapt to the situation. However, most of these provisions and restrictions were lifted after the end of the state of emergency, but some of them remained in force, since the […]

The Hungarian economic research institute GKI currently expects the Hungarian economy to decline by 5-7 per cent in 2020 (assuming no second wave of the pandemic this year).  In March, shortly after the announcement of the coronavirus emergency, GKI forecast two scenarios: one with a 3% and another with a 7% decline in GDP this […]

Digitization and the mass emergence of data-based services will fundamentally change the way healthcare operates within two decades, says a global consumer survey on health trends by the consultancy firm Deloitte. Patients will become consumers who are proactive in their own health. They find out what services they can use and then work with their […]

Reduced output in March and May in the automotive sector could change the typical activity curve in 2020, with busier summer months ahead to make up for lost time. Colliers International has just launched its recent research piece ‘COVID-19 & Industrial Production – The Spring Relevance” where it discusses the importance of particular months for […]

In the first half of June, according to cash register data, store revenues were 3.7% lower than before, which is worse than the 2.6% decrease in May. In addition, people bought less in grocery stores, and the jump in online store revenues is also smaller than the April peak. The survey was made for the […]

As a result of the COVID-19 epidemic, society expects even greater sustainability measures on the part of large corporations. At the same time, the European Union is moving towards climate neutrality, as part of which it would introduce a special carbon border tariff and extend non-financial reporting obligations to smaller firms. As Ákos Lukács, head […]

As a result of the restrictions caused by the COVID-19 epidemic, Hungarian society made progress in the field of digitization in a quarter of a year – progress that otherwise would have taken a year and a half, according to Deloitte Digital’s 1,000-person representative customer survey. Changes in the utilities sector have also significantly transformed […]

The coronavirus pandemic led to a sharp fall in housing market activity at the end of March 2020; and construction activity is also expected to slow. Looking ahead, the market of new homes may be supported by the preferential, 5% VAT rate applicable in brownfield zones, says a report by the National Bank of Hungary […]

Banking habits have changed significantly changed in Hungary since 2018. Two thirds of those who previously only used a bank branch to manage their account already use a digital channel, and the role of mobile banking has also increased, according to Deloitte Digital representative research. Deloitte Digital has conducted a customer survey on a representative […]

The impact of the unprecedented shock of the pandemic is now tangible, clearly affecting enterprises in Europe. Undertakings are cautious in reopening their doors to the market and customers. Although the number of new infections is (reassuringly) on the decline, the prospects for the next half year period are still filled with uncertainty: undertakings seek […]

Housing-related costs have increased disproportionately in Hungary in relation to family income. As a result, many households are unable to raise the payment of own resources for the purchase of their own home, they are forced to rent a home for lack of a better solution. However, an analysis by Deloitte Hungary says, renting is […]

Although domestic companies recognize the needs of young employees, they do not respond adequately to them. That is according to a complex research by the Budapest Chamber of Commerce and Industry (BKIK) examining the Y and Z generations. According to a survey of 2,000 young people and companies, employers have too high expectations towards their […]