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Harsh Decades of the Forint

Dr. Ákos Péter Bod
Sep 11, 2021

It was on August 1, 1946 that the National Bank of Hungary introduced a new currency, the Forint. The move came as after World War II, Hungary experienced the largest inflation to that date in world history. The new currency was issued to deal with a situation that had become unmanageable. Seventy-five is not a […]

Evolution of Working Condition Needs in the Pandemic

D&T
Jun 24, 2021

According to Skanska’s survey, nowadays, nearly half of office workers in CEE countries go to the office every day, and now they have specific preferences regarding their workplace. These include a quiet space and high office standards (e.g. safety, relaxation, working in open air) which are most frequently indicated key factors in the region that […]

Business Expectations No Longer Improved in June

D&T
Jun 23, 2021

After an unprecedented rise in April, the GKI economic sentiment index continued to as-cend in May and June, but most recently only within the statistical margin of error. This brings the index back to its level at the beginning of last year preceding the pandemic.  According to a survey conducted by GKI Economic Reserarch Institute […]

CEE Shines in Light of COVID-19

D&T
May 28, 2021

East Central Europe outperformed other EU countries in 2020 in terms of economics, hopefully returning to a strong income convergence to Western Europe in 2021, according to the report presented by Skanska and SpotData. The report presents 100 most important economic trends in Poland and the CEE region at the threshold of 2021 opportunities and […]

Budapest Rental Housing Market: Slight Recovery

D&T
May 10, 2021

In parallel with the easing epidemic situation and the partial opening, demand in the Budapest rental market has strengthened by the beginning of May: compared to the low of HUF 126,000 in December, the average asking rent has now risen by 7.6% to HUF 135,000, according to a recent analysis by Rentingo.com. As reported by […]

How to Attract (Venture) Capital?

Gábor Márky
Apr 23, 2021

In the current situation dominated by the coronavirus pandemic, the simple observer – at first glance - may think that the economic downturn (or in some cases, freefall) caused by COVID has taken its toll on the world of startups and on venture capital markets as well. Despite the troublesome circumstances, the truth is that […]

Resilience after the Pandemic

Dániel Kiss
Mar 4, 2021

In January 2020, companies had plans, thoughtful road maps to guide organizations, technology and lives through the months to follow – up until COVID-19 punched the entire world in the mouth, rendering useless many of these best-laid plans. Seemingly overnight, a strange, historic event disrupted assumptions and forced us, with a shocking degree of urgency, […]

A Never Ending Story?

Tamás Magyarics
Jan 29, 2021

The breakup of the Soviet Union in December 1991 brought to the surface a number of previously hidden ethnic conflicts. The one which was the bloodiest, and which received at that time the greatest attention in the outside world was the war in Chechnya. Later on, the Russian-Ukrainian conflict got into the limelight – primarily […]

Lifting the Hurdles

Csaba Wolf
Jan 27, 2021

An important agreement between the European Union and the People's Republic of China was announced on December 30, 2020. After seven years of negotiations and presentation of arguments, the detailed fundamentals of the EU-China Comprehensive Agreement on Investment (CAI) were laid between the parties. The agreement aims to balance the investment environments and conditions in […]

Business Climate Index Up but Still Low in Hungary

D&T
Jan 24, 2021

The GKI business climate index rose markedly in January. It has reached its highest level since the start of the epidemic, but made up just over half of its April fall. According to a survey conducted by the Budapest-based GKI Economic Research with the support of the EU, business and consumer expectations also improved in […]

Precedent System in Hungary?

Dr. Dóra Kuti
Jan 18, 2021

One of the first things a law student learns at university is the structure of the different legal systems, a topic in which professors place particular emphasis on the contrast between the continental and the common law legal system. The two legal systems differ significantly in several aspects, but the main flagship of the differences […]

COVID-19 Impact on CEE Region Banks

D&T
Sep 16, 2020

Fortunately, a strong banking sector in Central and Eastern Europe faced the constraints of the COVID-19 epidemic. However, there is a lot of uncertainty about the long-term outlook. The regional survey by the consulting firm Deloitte researched how financial institutions see their own future. “It has been several months since the start of the economic […]

Creditors’ Cartel Then and Now

The creditors’ cartel case that gradually developed into a decade-long proceeding since its outset in 2011, landing first before the Hungarian Competition Authority, then the Budapest Metropolitan Courts, eventually to be addressed at the European Court of Justice for preliminary ruling, seems to come to an end with the July 2020 decision of the Metropolitan […]

Financial Awareness Not Enough to Save Money

D&T
Sep 9, 2020

An extensive research on today’s 30s generation shows that they make responsible and conscious decisions about finances, it’s paramount for them to have savings, but only 23% percent of them can save on a regular basis while one in four can't put aside any money. Own real estate is one of the most important forms […]

Number of Tourism Nights Falling

D&T
Sep 8, 2020

In July 2020, as a result of the coronavirus epidemic, international tourists spent 75% and domestic tourists 18% fewer tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary compared to the same period of the previous year. A summary by the country's Central Statistical Office says […]

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