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 "The 2009 sale of gas trader Emfesz was illegal, the Budapest Appeals Court has ruled. CEO István Góczi was not authorised to sell the company without the owner’s approval, the court found. The former ownership should be restored by a process at the company registry court, according to the ruling. more » "Companies will lose their right to use part of the innovation tax to cover employee training costs, which in practice largely means language courses, according to the bill Economy Minister György Matolcsy filed last week. The innovation tax amounts to 1.5% of employees’ wages. This year smaller companies can use 60% of this tax for training, and larger ones 70%. more » "The Parliament approved the setting of a ceiling on interest rates from January 1, 2012, with 266 votes in favour and 1 dissention, on Monday evening. Private loans and the THM full credit-cost rate will be set at a maximum of the central bank’s base rate plus 24%. more » "Promotion celebrates it’s 10th anniversary. In 2011 Promotion International Marketing and Communication Event opens its gates for the 10th time between 9-11 November 2011. more »|
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