Ildiko Orban

Evaluation of different predicting methods in forecasting Hungarian, Italian, and Greek lamb prices.

Abstract The Hungarian sheep sector has become a one-market sector, almost the whole amount of slaughter lamb goes to Italy. It is worth exploiting possibilities in other European markets. Such markets can be the Spanish and Greek for “light” and the French, German, and English markets for “heavy” lambs. The European lamb prices are characterized by large seasonal fluctuation and the degree and timing of changes are different. Due to these seasonal changes, the producers often suffer great losses. Study of the literature on lamb sales called for an analysis of price forecasting. In this paper, we performed a forecasting of lamb prices in Hungary, Italy, and Greek for the period between 1996 and 2007 based on the data of the European Committee. Among the forecasting methods, Seasonal Decomposition and SARIMA models are the most precise; producers can achieve a better market position by using these in the practice.

Specialities of the Corporate Tax in Connection with the Sports Organizations

In 2004 Hungary joined the EU, therefore its tax system is harmonized with EU directives and its trade with the EU is liberalized and exempt from customs restrictions. In the past few years Hungarian government introduced significant corporate tax advances in order to increase Hungary’s competitiveness for foreign capital. With the flat 10% corporate tax rate, Hungary has one of the the lowest corporate income tax rate in the European Union. Since 2011 new corporate tax incentive was adopted in order to create a tax advantageous economic environment for supporting the five most popular team sports in Hungary, namely, football, handball, basketball, water polo and ice hockey. The following article provides a rough guide on the corporate taxation – in particular of sport organizations in Hungary.

Financing and operating questions of sports facilities

This paper tends to present financing and operating questions of sports facilities. Infrastructure is very important for the sport businesses. Sports facilities and sports institutions, infrastructure development, and their legal, financial, accounting conditionality can be defined by the investors and the government (subsidies, taxes, etc.). Financial questions and IT background of facility management can be crucial for the enterprises interested in operating sports businesses. The paper focuses on these kinds of aspects of facility management based on practical examples.

Economical aspects of thermal and medical tourism.

Thermal and medical tourism in Hungary are characterised by a continuous development. The management, efficiency, operational effectiveness and offer of enterprises in the field of tourism influence the competitiveness of Hungary’s tourism. In the present day economic life the thorough analysis of the enterprises’ economy is indispensable. The result of the analytical methods applied by the report provide information for different stakeholders (owners, transporters, customers, employees, habilitators). The aim is to have data which inform us about the functioning, financial situation and profitability of the economic entities parallel with the factors and conditions determining these elements. In our paper we present the financial situation of the Demjen Thermal Spa Ltd., being one of the newest thermal spas of Hungary.