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Businesses Optimistic Despite Unfavorable Environment

Mar 13, 2024

Despite the unfavorable global economic environment, the majority of CEOs expect rising revenues and profit growth in 2024, EY said in a statement sent to MTI on Wednesday, based on the results of its latest international survey. According to the 21-country survey of 1,200 CEOs, 64% of CEOs expect rising revenues and 63% expect profits, […]

EY Survey on the Impact of Global Tax Reforms

Jan 27, 2024

Global tax reforms are significantly changing the terms of transfer pricing, with companies most concerned about double taxation and inflation affecting the pricing of related party transactions in the long term, according to an Ernst & Young (EY) survey of large corporate executives in more than 40 countries, including Hungary. The international financial advisory firm […]

86% of Hungarians Try to Cut Spending

May 4, 2023

86% of Hungarian consumers are trying to cut their spending, according to research by Ernst&Young international consultants presented at the company's press conference in Budapest on Thursday. The survey was conducted in January-February this year, interviewing 1,000 people, and the results are representative of the Hungarian population aged 18-65. Price and value for money are […]

New EU Directive Facilitates to Report Irregularities

Apr 13, 2023

It will be easier and safer to report corruption in companies under new legislation based on an EU directive, the international consultancy firm Ernst&Young (EY) said in a statement sent to MTI this Thursday. It said that companies with at least 250 employees have 60 days from the publication of the legislation on April 12 […]

Rising Overheads: 80% of Companies Struggle to Survive

Mar 11, 2023

The energy costs of most domestic firms at least tripled last year. The increased charges have forced companies to pass on costs to customers and to invest in energy efficiency, according to a survey of 70 medium and large Hungarian companies by Ernst & Young. Eight out of ten companies saw their energy costs at […]

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