The number of tourists increased in August 2016 in Hungary

2016-10-19

The tourism industry in Hungary performs very well, as the number of the incoming tourists increased in August 2016 by 3,6%, compared to the same month of the previous year.  At the same time, the Central Statistical Office in Hungary presented data on the local tourists and it is important to know that they are represented even better, as the number of local visitors increased by 6,8%. Thus, those interested in opening a company in Hungary can set up a business in this field and our team of specialists in company formation can provide assistance on the incorporation procedures, but also on the licenses which are necessary for this industry. 

How to Find an Office for Your Company in Hungary

2016-10-04

When opening a company in a foreign country, the investor will have to take into consideration many aspects, including the identification of the perfect location for the company’s office. In doing so, the businessmen will need to refine their search in accordance with the specific operations carried out by the company, the overall budget, the size of the company and many others. Hungary represents an important business market, where many industries are welcoming foreign investors and our team of company formation representatives can offer their assistance in finding a suitable office. 

5 Small Business Ideas in Hungary

2016-07-21

Hungary, a member state of the European Union, is located in the Central Europe. Many business fields are very well developed here and the market provides good business opportunities for small businesses. A small company is defined by a limited number of employees, less than 10, and such businesses are strongly recommended for families or individuals who want to carry out operations in their own name. Our team of Hungarian company incorporation representatives can assist foreign persons who want to access Hungary in order to start a company here. 

Economic Growth for Hungary in the Fourth Quarter of 2015

2016-03-11

The Hungarian economy is showing positive prospects which can appeal to foreign investors, as the it experienced a significant growth in the fourth quarter of 2015. An important aspect of the local economy is represented by the industrial sector, which was the main provider of growth measured in terms of Gross Domestic Product (GDP). Foreign businessmen interested in opening a company in Hungary can receive an in-depth presentation on the local economy from our Hungarian company formation specialists. 

Great Economic Potential for the Tourism Sector in Budapest

2015-08-20

The tourism revenues in Budapest have the potential to rise by up to 1 billion EUR, according to the Hungarian news publisher mno.hu. This information emerged from a comparative study of 13 European cities, conducted by a consulting firm. Besides Budapest, some of the cities analyzed in the study were: Barcelona, Lisbon, Berlin, Vienna and Prague.

The Number of New Car Registrations in Hungary Increased in July

2015-08-05
The Hungarian automotive sector recorded a rise in terms of car sales in July. New car registrations in Hungary saw a year-on-year rise of 14.4% reaching 7,012 in July. According to the Hungarian Vehicle Importers Association (MGE) who cited information collected by Datahouse, the sales of light commercial vehicles (LCV) also increased to 5.1% reaching 1,313. 
 

Strategic Agreement Signed between Hungarian Government and a Private Company

2015-07-28
 
A new strategic cooperation pact was signed on July 20th between the Hungarian Government and the automotive industry supplier Johnson Electric Hungary. Over the past 3 years, the Hungarian Government, has concluded numerous strategic  agreements with important companies that run their businesses in Hungary. In fact, the agreement signed by the government and the company Johnson Electric Hungary is the 61th strategic pact.

 

Hungary to Lower Bank Levy Next Year

2015-07-09
 
Mihály Varga, the Minister of Economy in Hungary, met recently with a group of negotiators from the European Bank for Reconstruction and Development (EBRD) in Budapest. During the meeting, they discussed about the implementation of the Memorandum of Understanding (MoU), an agreement signed by Hungary earlier this year.

 

Budapest - an Important Entrepreneurial Hub in Europe

2015-06-30
 
A recent article published by Forbes places Budapest, the capital city of Hungary, among the five developing entrepreneurial centers in Europe, along with Eindhoven, Tallinn, Lisbon and Lithuania. The Hungarian business market attracts many foreign investors from Central and Eastern European (CEE) but also from other regions. Budapest is now acknowledged as an important entrepreneurial hub for start-ups and foreign investors.