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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 […]

Industrial Production Falls by 8,1%

D&T
Sep 4, 2020

In July 2020, the volume of industrial production in Hungary declined by 8.1% year-on-year. The degree of fall was 28.8% lesser than the nadir of April. Based on working-day adjusted data, production dropped by 7.7%. The effects of the altered economic processes, caused by the coronavirus epidemic, were still perceptible in this period, the Central […]

EU Record Inflation in Hungary

D&T
Aug 21, 2020

Hungarian inflation unexpectedly jumped to 3.8% percent in July. After that announcement last week by the country's Central Statistical Office said last week, it has now also become clear that nowhere in Europe such a rate of price rise has been measured, portfolio.hu reports. The financial website notes that one-off effects also played a role […]

Investors' Interest Remains Strong in the CEE region

D&T
Aug 17, 2020

Investor appetite remains strong for CEE but a cautious approach is still being applied while markets try to settle, Colliers International reveals in its latest 'H1 CEE Investment Scene' report. CEE Investment volumes for the first half of 2020 reached ca. € 6.26 billion. This figure was boosted by 2 large portfolios totalling in excess […]

Hungarian Tech Firms Among the Fastest Developing

D&T
Aug 12, 2020

This year, three Hungarian companies have been added to the Deloitte Technology Fast 500 EMEA list, which ranks the fastest growing technology companies in Europe, the Middle East and Africa. This year’s list includes winning companies from 22 countries with an average growth rate of 1,258 percent in 2019 after 969 percent in 2018, a […]

Resilient Generations Create a More Livable Future

D&T
Aug 3, 2020

The Millennium and Z generations are determined and want to build a better future in the face of unprecedented health and economic problems caused by the COVID-19 pandemic, according to Deloitte's latest research. The results of the 2020 global survey suggest that these resilient generations may play a key role in creating ‘better normality’. In […]

Budapest Hungária Boulevard

Stagnating House Prices in Budapest

D&T
Aug 2, 2020

According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]

Slight Increase in Economic Sentiment Index

D&T
Jul 30, 2020

After a shock-like fall in the outlook for domestic economic agents in April, there was a significant positive correction in May and June, according to GKI’s economic sentiment index. The economic sentiment index, prepared by the economic research institute GKI, rose only slightly in July, by two points, as a combined result of improving expectations […]

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