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EY Survey on the Impact of Global Tax Reforms

D&T
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 […]

GKI Economic Sentiment Index at 18-Month High

D&T
Jan 22, 2024

According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the first month of the year household expectations improved significantly, while the outlook for the business sector deteriorated within the statistical margin of error compared to December. GKI’s economic sentiment index thus reached an 18-month high. Companies’ employment […]

German-Hungarian Chamber: Companies Not Very Optimistic

D&T
Nov 15, 2023

Businesses are not very optimistic about their prospects, which is also reflected in the fact that they are cutting back on their investment and employment plans, President of the German-Hungarian Chamber of Industry and Commerce (DUIHK), András Sávos, said on Wednesday at the presentation of the body's 2023 fall business survey. In the DUIK's survey, […]

More Hungarian Firms Focus on Sustainability

D&T
Oct 30, 2023

Hungarian companies are becoming more future-conscious, but their motivation is different from that of foreign companies, according to a recent survey conducted by Siemens Plc. More than half of the surveyed companies have a sustainability system or policy. Four out of five industrial companies in Hungary use the help of a sustainability expert to achieve […]

Small Businesses in Hungary Would Use AI

D&T
Oct 17, 2023

Three quarters of micro and small businesses would be willing to try, and one third of them would even pay for, a useful artificial intelligence solution, according to Magyar Telekom's latest research targeting micro and small businesses. According to the summary sent to MTI on Tuesday, only 2% of respondents have never heard of artificial […]

Business Leaders Optimistic Despite Geopolitical Uncertainties

D&T
Oct 17, 2023

CEOs of the world's largest companies remain optimistic about the global economy's growth prospects, but their confidence in their own company's growth has declined, while geopolitical and political uncertainty has been ranked as the top risk to economic growth, according to a global survey by KPMG sent to MTI. The global consultancy's ninth KPMG CEO […]

More Assets Under Private Banking Management

D&T
Aug 2, 2023

After a slowdown last year, the growth of assets under management at domestic private banking service providers has picked up again this year, exceeding HUF 8,600 billion by the end of June. However, the growth of customer accounts does not show such a positive picture. Domestic providers remain pessimistic about the risks to private banking […]

Criteria Hungarians Consider When Taking Out a Loan

D&T
Jul 25, 2023

The monthly repayments are the main factor that Hungarians look at when considering whether to take out a loan to finance their plans. And for those who have been granted a loan by a financial institution in the past year, the total cost of the loan and how easy it was to borrow are the […]

Europeans Wish to Speed Up Green Transition

D&T
Jul 22, 2023

More than three quarters (77%) of EU citizens think climate change is a very serious problem at this moment, according to the latest Eurobarometer climate change survey. 61% of Hungarians respondents say they have taken action in the past six months to fight climate change. A majority of Europeans think that the European Union (56%), […]

MNB Business Sentiment Index Slightly Up

D&T
Jun 29, 2023

The business sentiment index regularly measured by the National Bank of Hungary (MNB) rose to -8 points from -10 in the previous month, the institution has reported on its website. The current situation index rose from -28 to -23 points in May, while expectations fell from +9 to +7 points, the lowest in 5 months. […]

Business Leaders See Sustainability As a Value

D&T
Jun 27, 2023

A significant proportion of company managers see sustainable operations as a value, not just a cost, K&H told MTI on Tuesday. According to their survey, environmental impact remains an important aspect in companies' assessments, despite the fact that it has been somewhat overshadowed by economic difficulties. The largest companies are particularly active, with 54% of […]

Digital Transformation Important for Hungarian Firms

D&T
Jun 16, 2023

The majority of companies operating in Hungary are focusing on digital transformation, and only 34% of them do not consider it a significant challenge. K&H's innovation survey, the results of which were communicated to MTI this Friday, measured the most significant increase in the use of machine learning, especially in personalized offer, service and product […]

Digitalization Gaining Momentum at Hungarian Firms

D&T
Jun 8, 2023

The innovation activity of Hungarian companies has not changed in the past six months; K&H's index measuring this stagnated at 28 points on a scale of up to 100, which means that Hungary's gap with the largest innovator countries and the EU average has increased, but digitalization has strengthened, Balázs Németh, head of innovation at […]

More Moderate Growth in Domestic Online Retail Sales

D&T
Jun 6, 2023

According to Reacty Digital's annual online retail survey, domestic online retail sales reached HUF 1,378 billion in 2022, with a more moderate growth of 8% compared to recent years. In a summary sent to MTI on Tuesday, it was reported that during the coronavirus outbreak, due to the closures, more people shopped online more often […]

Environmental Impact Can Be Reduced by Cutting Costs

D&T
May 3, 2023

Hungarian medium and large enterprises are aware of the importance of sustainability requirements, but in the unfavorable economic environment, companies are primarily focusing on reducing their costs, which indirectly reduces their environmental impact, according to a research based on the K&H Sustainability Index, the results of which were released to MTI on Wednesday. Around 60% […]

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