The presence of foreign nationals in the Hungarian real estate market has strengthened again, with 23% more foreigners investing in Hungarian property in 2021, according to Duna House data, which show that 2,716 applications for property purchase were submitted by non-EU nationals last year. An important factor is the deterioration of the value of the […]

This year, it is the 25th anniversary that Hong Kong became a Special Administrative Region within the People’s Republic of China (PRC) in a ‘one country, two systems’ setup. The deal in 1997 between the United Kingdom and the PRC provided a 50-year long transitory period, during which Hong Kong would be enjoying fairly extensive […]

In the third quarter of 2021, two buildings with 14,210 sq m of new space were added to the Greater Budapest modern industrial stock. One building was handed over in East Gate Business Park Fót and one building in Login Business Park Dunakeszi. The total modern industrial stock stood at 2,567,510 sq m at the […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]