Orbán and his government pursue the announced strategy called “Eastern Opening”. Its goal is to reduce the dependency of Hungarian economy on trade with Western Europe.
Risk areas in European banks are not being reduced, and are even on the rise when it comes to the chronic lack of profitability.
A report by London-based economists at Japanese Nomura suggests that markets have been largely unaffected by the recent political turmoil in Hungary.
Warsaw with over 5 million square meter (sqm) of modern office space is the largest market in Central Europe, followed by Budapest, Prague and Bratislava, according the a report by Jones Lang LaSalle (JLL).
The analysis of the latest measures taken by the world’s major central banks show that they may be losing touch with reality.
Hungarian-Croatian relations have never been too easy. Past political and economic dominance of Hungary over Croatia is one of the factors shaping today relations between the two states.
Unorthodox economic policy is a term used not only by columnists to describe Hungarian government. Also the PM Victor Orbán uses it to describe his approach to the economy with out of the box solutions.
Debate on the future of a unified Europe and the White Paper on the European Union after Brexit is supposed to last at least a year and take place in all member states.
The Hungarian hospitality market saw EUR27.5m of hotel investments in 2016, a large drop from 2015’s EUR76m, according to data published by Cushman and Wakefield.
In spite of the EU directive recommending the application of the fiscal rules and the supervision of the budget targets, in the years 2010-2016 only seven EU member states reduced their debt-to-GDP ratio.