The protests against the so-called “slave law” have died down, losing their unprecedented momentum and enthusiasm. The trade unions threatened the authorities with a general strike that would bring Hungary to a standstill, but nothing came of it.
Despite the increasingly unstable political environment, the CSE witnessed an upsurge in overall deal value of 12.5 per cent year on year reaching a total value of the EUR80.5bn in 2018, according to the latest report on M&A published by the law firm CMS.
The rate of global economic growth is around 4 per cent per year, as a result of which the situation on the labor markets is improving and the profits of enterprises are increasing. The tax revenues are also increasing, often faster than GDP.
In 2018, Škoda Auto, a subsidiary of the Volkswagen Group, delivered a record number of 1.25 million automobiles, surpassing its last year record by 4.4 per cent. The Mlada Boleslav-headquartered company has been increasing its sales for a 5th year in a row.