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Economy

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Participants of the OECD Productivity Forum in the Pest Vigadó event center | Zoltán Balogh /MTI

OECD forum in Budapest

D&T
Jun 26, 2017

The 3rd Global Forum on Productivity organized by the Organization for Economic Cooperation and Development fostering international co-operation between public bodies and promoting productivity-enhancing policies has opened in Budapest.

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OECD report: Hungary lagging behind

D&T
Mar 14, 2016

In order to boost employment, Hungary should reduce the burden of labour income taxation, especially for low-earners, and devote more funds to human capital and research & development in order to improve its lagging behind developed OECD countries.

| source: GKI

Consumer business confidence index slips

D&T
Feb 22, 2016

Compared to its very high January level, the seasonally adjusted GKI economic sentiment index decreased by a rate that has not been seen for a year. Expectations deteriorated in all sectors and among consumers, but they still reflect an optimistic mood.

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Family businesses at crossroads

D&T
Jul 19, 2015

Nearly half of all family businesses in the CEE region plan changes in ownership within the next 5 years. But most of them don’t have clear processes in place for this turnover and require restructuring to be competitive in the future.

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EuCham on Competitiveness Index

D&T
May 16, 2015

European Chamber’s Competitiveness Index lists the countries based on the Global Competitiveness Index (GCI) improvement from the global financial crisis in 2008 to the present. Switzerland, Germany and Scandinavian countries are competitively dominant in Europe, Macedonia and Bulgaria are far behind.

| Shutterstock.com/Simone Simone

End of recession in sight

D&T
May 14, 2015

A mild recovery is forecast for 2015, with growth set to reach 1% in 2016, spurred by EU-funded investments. Fiscal consolidation needs and limited structural reforms, however, continue to hold back potential growth. Employment is still expected to stagnate in 2015 - according to the analysis and forecast of the European Commission.

The presentation of the 2014 HEBC report in Budapest | Szilárd Koszticsák / MTI

HEBC for sustainable and inclusive growth

D&T
Jul 17, 2014

The Hungarian European Business Council, incorporating the most important international companies present in Hungary, has published its 16th annual report, calls on the Hungarian government to create "sustainable and inclusive growth".

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Hungary repays IMF loan

D&T
Aug 12, 2013

Hungary repaid its outstanding SDR 1.9 billion (EUR 2.15 bn) debt to the International Monetary Fund (IMF) on August 12. The governing party welcomes the move while the opposition considers it a costly communication bluff.

Dr. Nouriel Roubini

Roubini sees threat of 2012 collapse in Hungary

D&T
Dec 29, 2011

The Hungarian government’s "insistence on its unorthodox policy mix, together with an ill-founded hope that international lenders will eventually drop their provisions," Roubini Global Economics sums up Hungary's current situation in its latest research.

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