The railway line between Budapest and Belgrade will be an important part of the One Belt One Road Initiative, the project proposed by Xi Jinping, President of the People's Republic of China.
Four countries of Central and Southeast Europe are considered as advanced economies in the World Economic Forum The Inclusive Development rating: Czech Republic, Slovenia, Slovakia and Estonia.
Globalization cannot be stopped, but we should approach it in a rational manner, acknowledging that capital has a nationality, says Sándor Gyula Nagy, an economist from the Corvinus University in Budapest.
When the criteria for voting for the new headquarters of the two EU agencies that have to move from London after Brexit were agreed, the process was clarified by comparison with the vote for the best Eurovision song.
Slow economic growth encourages many OECD countries to launch tax reforms aimed to increase individual and business activities.
The new requirements of the MiFID II Directive, which enters into force on January 3rd, 2018, will significantly change trade of shares, bonds and derivatives in the European Union.
Romania is the European Union's leader in terms of the proportion of owner-occupied dwellings in the overall housing structure. The other new EU member states are not far behind in this respect.
The wages in Hungary are rising fast. According to the Central Statistical Office (KSH) average gross wages in Hungary have risen by 13.1 per cent between July 2016 and July 2017 (according to data published in September).
The European Union's Payment Services Directive (PSD2) tightens the requirements for remote access to accounts and electronic transaction orders. Despite its adoption, the severity of these requirements still has not been determined.
The EU as an economy is lagging behind because its competitiveness is falling, for example compared with China, believes Stefano da Empoli, the head of the Institute for Competitiveness in Rome.