Explore the ITL Group story, and how our philosophy to conduct business helped us to achieve our goals. We reached every single one of our milestones because we had a desire to share knowledge and create an environment in which people could get together as a community.
ITL Group is a One-stop shop enterprise to serve the business needs of foreign investors. Hence, the slogan “Your gate to Hungary”.
Until now ITL Group has a strong team of 50 full-time professionals amongst 9 departments, heavily proficient in their respective fields. They are dedicated to professionalism in order to provide top-quality and ethical service for our customers. We consider dedication one of our strengths.
We are firm believers in knowledge-sharing
A long journey to the gate and beyond
Explore the ITL Group story, and how our philosophy provided you the intermediary gate to Hungary and bridge to exceed our companies’s goals.
WELCOME TO HUNGARY
Alessandro Farina moves to Hungary, cutting his teeth at a renowned English consultancy firm. Its clients include industrial, trade, agricultural, and real estate companies.
WELCOME TO HUNGARY
In 1993, Xavier Defaÿsse started his career in Hungary as an auditor with Coopers & Lybrand and PriceWaterhouseCoopers until 2000.
He establishes the ITL Group and starts providing corporate services. The first slogan was “if you want to predict the future, you have to understand the present” and it became the guiding principle which encouraged the company’s growth in the following years
Salustro Reydel (now member of KPMG) opens a subsidiary in Hungary for the French speaking community and starts a bookkeeping practice which will be known later as Duna Expert. Duna Expert has joined ITL Group in 2021.
Lajos Law Firm
Partnership is established with the Lajos Law Firm, run by lawyer Levente Lajos. A good partner and true friend: clients received his complete support, and he shared the burden of numerous market challenges over the following years.
ITL Accounting is established, making what once was an outsourced activity into an integral part of the ITL Group. The company makes a considerable investment in IT to guarantee high-quality services.
New ITL Group HeadQuarter
The company keeps growing. The ITL Group HQ is refurbished and expanded to welcome new staff. The group expands its managerial services for its clients, becoming a veritable one-stop shop.
The ITL Group establishes Kopernikusz, a non-profit organisation dedicated to developing training programmes and managing European Union tenders. It’s run by Barbara Ács (in 2016, the organisation was annexed to the Group and renamed ITL EU Finance).
The department provides communication, marketing, event planning, and market research services. Luigino Bottega heads the division, given his previous experience creating social communities and platforms in Italy
The ITL Group gains more experience and starts providing visual merchandising and training services to well-known retail chains. This leads to further work with international large-scale retail groups.
Welcome to Váci utca Center
We continue growing… and the ITL Group moves its offices to the pedestrian zone of Váci utca 81 in Budapest (current location). With the move, all departments are now under one roof. Moreover, the company rebrands and gradually increases its range of services.
The website, in Italian language, provides information on the Hungarian economy. It has become the most read publication on the economic exchanges between the two countries.
DATABASE OF THE ITALIAN COMPANIES
In 2010, we created the DATABASE OF THE ITALIAN COMPANIES which encompasses all of the active Italian companies within Hungary, with the intention of expanding our readers’ knowledge of the investment climate in the country.
Together with Dóra Szeles, an auditor who gained considerable experience at other international companies, ITL Audit was born. The department mainly implements audits and transfer pricing services.
ITL HR Solutions
The department focuses on research, staffing selection and provision as well as other HR services. The client list soon grows to include renowned multinational companies.
Budapest Business Party
The ITL Group launches “Budapest Business Party”, a yearly event targeting the international business scene in Budapest. Its resounding success makes it a go-to event in the following years, with attendance constantly skyrocketing!
Officer of the Order of Merit of the Italian Republic
Alessandro Farina is awarded the grade of Officer of the Order of Merit of the Italian Republic for his “role in stimulating economic and business exchanges between Hungary and Italy.”. That same year, the ITL Group started its outreach programme, assisting Italian citizens residing in Hungary with matters relating to INPS, the Italian National Social Insurance Agency.
ITL Real Estate
ITL Real Estate is established! Our experts are responsible for signing framework agreements with various credit institutions and assisting them in the divestment of non-performing assets, auditing line of credits, and brokering real estate.
Assistinting activities after retirement for pensioners
During the same year, ITL Group also started offering assisting activities for the management of practices at the INPS for Italian and Hungarian residents to fill a gap and support the multiple needs of people who have reached the third age.
Hungary 2014: a Guide to Investment
The ITL Group publishes “Hungary 2014: a Guide to Investment”, which offers an overview on the Hungarian economy, politics, and taxation system. The book was so successful that its rights were acquired by the HIPA (Hungarian Investment Promotion Agency) to promote the country.
“Il Ponte” Award
ITL Group receives the prestigious “Il Ponte” award by the Italian Chamber of Commerce in Hungary.
ITL Group completely refurbishes its offices to make space for even more staff. The company at the time counted a staff of 30 professionals.
ITL Group celebrates its 20th anniversary and plans the new Economia.hu portal.
A masterpiece as brochure
We designed our new brochure with an artistic touch. As an element of this, we asked Andrea Piacquadio, one of the top 3 worldwide stock photography best sellers, to shoot creative photos of our team leaders to “shock” the consulting market. We definitely achieved that! Thank you, Andrea, for the amazing job – and thanks to Mira for the fantastic graphic design.
Start of cooperation with TRA
We are proud to be the Hungarian representative for “TRA”, the Tax Representative Alliance, an association of independent VAT specialists from several European countries.
Start of cooperation with Activ Payroll
Our collaboration with the award-winning global payroll network ActivPayroll began in this year.
When we first established our partnership, we realized immediately that we shared the same passion, to help global businesses flourish, which they say “is part of our DNA”.
Together we provide services tailored to the unique needs of a wide variety of businesses, starting with one of the biggest international companies we work for here in Hungary.
ACCELIUM: Game-based coaching
We became the official Growth Center for Accelium in Hungary. Accelium, a multinational Israeli-based AI software, develops higher-order cognitive, social and emotional skills using strategy games.
Atlas Award: 1st edition
The Atlas Award is intended to publicly recognize Hungary-based entrepreneurs who exhibit outstanding moral values.
We believe that leaders with an E.S.C. approach, driven by ethical, sustainable and creative behaviours, will shape a better world!
Tax and Legal Explorer
Our experience has shown how difficult it is to identify a reliable consultant in a foreign country, where you don’t have established contacts. In the spirit of helping out, we have created the Tax and Legal Explorer, one of the largest databases of qualified tax and legal experts, members of the TOP 50 global networks. We call this “The Golden Selection”!
Fear is the mind-killer
Today more than ever, our worst enemy is fear. A fear generated by the unknown. Fear kills the mind and freezes our actions. Our task, we feel, is to influence people to reposition their focus away from fear and train it upon a more positive emotion. In that spirit, this website is an invitation to entrepreneurs and managers who have been facing the current economic crisis caused by Covid-19 to share their uplifting experiences. Because we believe stories are powerful!
ITL H2PRO: Knowledge, growth, awareness
We have come to understand that, in order to provide better service to our Clients, we also need to address the know-how of their employees and managers. We therefore decided to create an academy to help enhance their personal skills and professional knowledge development, the oxygen and life of your organization.
ITL Study Center: Data, research and analysis
Since we are firm believers in sharing knowledge, we created the ITL Study Center to provide micro- and macro-economic data on Hungary and its foreign investment activities. ITL STUDY CENTER includes a one-of-a-kind investment guide and the Database of Italian Companies in Hungary, which is easily accessible online.
We believe that change happens, especially when we are able to share ideas and we create the capacity for it. In order to do so, we set out to create a community of leaders to develop initiatives that strive for a better society. By joining this community, you can act as a catalyst to generate change and, as an intermediate step, leave an inspirational footprint behind for the world. Join our community now to make a positive impact!
As the number of payroll Clients has grown significantly, we decided to create a separate division dedicated entirely to this service to better meet our Clients’ needs
ITL Group has reached a milestone – the first 25 years from its founding. To celebrate this event, in 2020 we decided to plan a refresh of all of our online platforms and webpages.
From 2021 ITL Group is part of the foundation of Unindustria Hungary: an interactive consortium of companies, to create an Italian System using Confindustria Italia as a COMPASS. The Unindustria Association wants to act as a reference point in Hungary for companies already present and future ones, with availability to provide information and services that respond to needs of the same associates.
In 2021 Duna Expert, the leading accounting firm specialized in French-speaking investors operating in Hungary, joined ITL Group.
The strength of Duna Expert is a dynamic and dedicated team of professionals, lead by Xavier Defaÿsse, a French citizen in Hungary since 1993 with more than 35 years of experience in the audit and accounting profession.
The theme of evolution and our commitment to uphold our values are clearly seen throughout the development of ITL Group. We developed our first slogan: “if you want to predict the future you have to understand the present”, which reflected our desire to understand deeper connections. As we sought to understand the present, we also wanted to share our findings, which led us to establish in 2008 our first news portal “Economia.hu”, which informs its viewers on the economic climate of Hungary in Italian. The portal has gained considerable attraction, as it has become the most-viewed news website on bilateral economic relations between Italy and Hungary.
In 2010 we created a database which encompasses all of the active Italian companies within Hungary, with the intention to expand our readers’ knowledge in the investment climate in the country.
In 2014 we published an investment guide titled Hungary 2014: a Guide to Investment, which gave an insight into the Hungarian socio-political climate and taxation system. It has become so successful that its rights were released to HIPA (Hungarian Investment Promotion Agency) in order to promote the Hungarian investment environment abroad. Following this great accomplishment, we took the initiative and published also real estate reports with the aim of facilitating better decision making for our readers. These crucial events and factors have in turn given way to our ITL Study Center, a project created in 2020.
The information that we provide from the past and present will help our viewers to construct sustainable plans for the future. All of these are very much in line, with the initial slogan set 25 years ago.
Our 25th anniversary
25 years of passion for enterprise
“On behalf of ITL Group’s dedicated team of 50 professionals, I am grateful to share with you our new logo to celebrate the 25th anniversary.
Twenty-five years of hard work and passion allowed over 500 of our Clients to grow their businesses as we helped them with their daily requirements.”
Community building is also one of our core values and we put substantial effort into it. With the ambition of building an open and friendly business community, we first organised the Budapest Business Party in 2012.
This annual event has attracted considerable attention, as we experienced high attendance over the years.
Budapest Business Party (BBP) is a game-based event for business networking that we launched during the economic crisis, at a time when entrepreneurs from different fields felt pessimistic and overwhelmed with economic burdens. Our aim was to facilitate positive developments and proactive actions in times of economic distress.
This mindset has given way to our most recently launched project in 2020, Atlas World as well. This project has been created to provide a medium for aspiring and ambitious entrepreneurs who also believe in the ESC (Ethics, Sustainability, Creativity) approach.
Joining this community can act as a catalyst and as an intermediary step to entrepreneurial success, as you will have the opportunity to meet other entrepreneurs and managers who share similar interests and ideas.
We have also hosted our first ceremony for the Atlas Award at the BBP19 which intends to give recognition to Hungary-based leaders and entrepreneurs whose commitment to the ESC approach is outstanding. (In order to find further information regarding the Atlas World and Award, please visit the Atlas World website).
Within the Atlas World project, in 2020 we have also launched Fear is the Mind-killer: a storytelling website, aimed to inspire entrepreneurs to share their positive experiences in times of the coronavirus pandemic to overcome the fear.