Although 31% of leading companies already have net zero emissions targets, this figure is below the international benchmarks and below the level required for real change For the first time, a research has been conducted on the status quo of the Hungarian business sector in relation to carbon-neutral operations. The picture is not so bright, […]

Deloitte Hungary announced the Green Frog Award for the 20th time to recognize companies that excel in the field of non-financial reporting in Hungary. Following the autumn application period, a 13-member independent expert jury evaluated such reports received on the basis of a pre-defined system of criteria and points, and two companies, both of which […]

This year, three Hungarian companies have been added to the Deloitte Technology Fast 500 EMEA list, which ranks the fastest growing technology companies in Europe, the Middle East and Africa. This year’s list includes winning companies from 22 countries with an average growth rate of 1,258 percent in 2019 after 969 percent in 2018, a […]

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 […]

According to a recent survey by Deloitte, almost nine out of ten respondents expect real estate market activity to decline in 2020. Between January and April this year, the perception of the players in the sector changed radically. Although more than half of the respondents expect only a short-term economic impact, 90% expressed a pessimistic […]

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 […]

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 […]

Many retailers have been adversely affected by the special retail tax re-introduced by the Hungarian government from May this year and the opening restrictions on a significant number of shops from mid-March to mid-May. However, there are state subsidies, tax and financial incentives that can also be applied in this sector. Several of these will […]

As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their jobs during the crisis. On May 19, the European Council adopted SURE (European instrument for temporary Support to mitigate Unemployment Risks in an Emergency), a […]

The COVID-19 pandemic has also forced courts to introduce new solutions for litigation. One of the most important elements of litigation is that the parties concerned may be able to state and represent their case in person at the court hearing. At the same time, the increased security standards due to the epidemic situation do […]

The European Commission has issued a practical guide to facilitate the free movement of priority workers and frontier workers between EU member states. The Commission thus supports governments in creating the conditions under which cross-border commuters can cross borders, where appropriate, without circumventing controls, with proportionate health measures. It is a positive development in this […]

The COVID19 epidemic has also radically transformed the way customer services work. Due to restrictions, customer activity has slowed down and contact with the customers has been re-established. Due to the economic difficulties, the willingness to pay is expected to weaken, which may lead to an increase in the debt portfolio and a decrease in […]

A new type of coronavirus epidemic may also affect the timing of ongoing or planned company transformations and group-level structuring processes, but may even necessitate such reorganizations, according to a new study by Deloitte Hungary. Fearing the consequences of the economic crisis, the question rightly arises for farmers: what tools do they have to maintain […]