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New rules to boost the SMEs’ activity

The European Parliament and the Council has adopted a regulation on mutual recognition of goods, which is applicable since mid-April. This new regulation will make it faster, simpler and easier for companies, especially SMEs, to sell their products across Europe.

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EU issues guidance for a safe return to the workplace

The coronavirus epidemic has shown that implementing appropriate occupational safety and health measures and providing adequate conditions are essential in all sectors regardless of the activity. After the coronavirus outbreak, the European Agency for Safety and Health at Work (EU-OSHA) had published a guidance for the workplace.

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New taxes to improve the balance of public finances

The Hungarian Government introduced two special taxes from 1 May 2020 in order to tackle the financial effects of the coronavirus disease: the special tax on credit institutions and the tax on commercial chains. According to the official communication of the Ministry of Finance „the goal is that the burden…

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Reduction of the social contribution tax in Hungary

Subsequent to the previous reduction of the social contribution tax effective from 1 July 2019 (17.5%), which is the main labour-related tax burden of employers, the Hungarian legislation further decreases the social contribution tax as of 1 July 2020. In line with the earlier plans, the new tax rate will…

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Cash grant up to EUR 800,000 is available for new investments in Hungary

Hungary announced and successfully notified to the European Commission a HUF 50 billion (approximately EUR 140 million) aid scheme in April 2020. The subsidy to improve competitiveness has been designed to help the medium-sized and large enterprises that are active in the manufacturing or business services sector that face difficulties…

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EU launches financial protection measures against coronavirus

The coronavirus outbreak has drastically changed the everyday life among the European Union, leaving countries with decreasing economic activities. As Member States are launching their national protection programmes, the EU intends to address this situation with specific measures and financial support to mitigate the loss and damage sustained.

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