Transfer Pricing in Hungary, 2009 Survey report Budapest, 18 February 2010 Since 1995, Ernst & Young has surveyed multinational enterprises on international tax matters, with special emphasis on transfer pricing.
Forest Papír's founder becomes 'Entrepreneur of the Year' for 2009 Budapest, 31 January 2010 This was the seventh consecutive year when Ernst & Young handed over the 'Entrepreneur Of The Year' awards at a gala dinner. In 2009 the Independent Panel of Judges made the following decisions: 'Entrepreneur Of The Year' – Ferenc Bodrogai, owner and Managing Director of Forest Papír Kft, 'Master Entrepreneur' – József Péter Tóth, owner and Managing Director of Lipóti Pékség bakery, 'Innovator' – Réka Matheidesz, founder and Managing Director of WAMP (Sunday artists' market), 'Emerging Entrepreneur' Péter Perger, founder and Managing Director of NetPincér.hu.
Strategic opportunities for oil and gas transactions in 2009 London, 26 January 2009 The volatility in oil prices and overall financial markets created a year of two halves for the global oil and gas industry. Buoyed by a high oil price environment, in the first half of 2008 oil and gas deal activity was strong. However, the slowdown in the global economy resulted in fewer mergers and acquisitions (M&A) in the second half of 2008 resulting in 1,094 deals for 2008, down 29% from the record level set in 2007. The total value of oil and gas transactions for 2008 was US$179bn.
Ernst & Young welcomes prospect of a global accounting language but warns that 2009 will be a critical year for IFRS London, 12 January 2009 Ernst & Young welcomes the fact that, despite a difficult year for companies and global economies, the major capital markets of the world are moving ever closer to adopting International Financial Reporting Standards (IFRS) as the globally recognized accounting language. But 2009 will be a critical year in this process, and the challenges now faced must not be allowed to derail the significant progress made to date.
