Contents:

• Findings of the IEER Business Climate Survey taken in October 2019:Business situation worsening, expectations more pessimistic
• The automatability of jobs in Hungary
• International trends

Our brief analysis examines the nine potential measures that can be reactions to the affects of the January 2019 raise of the minimum wage/guaranteed minimum salary for qualified staff. CEOs were asked to fill in the form below.

In this analysis we shall examine the rate at which domestic companies faced problems caused by labour shortage in autumn 2018 and in January 2019, with special highlight on the types of companies that were primarily affected by this issue. The measures companies take to keep existing employees in place and to keep labour shortage in hand will also be presented in detail, including the employment of foreign citizens.

Data of the Quarterly Business Climate Survey from October 2018 and January 2019 recorded by IEER (Institute of Economic and Enterprise Research) were used to make this analysis. On both occasions, 400 CEOs were asked about their companies’ business situation and economic expectations. In the course of the same two waves, labour shortage rates, prevention measures and remedies were also surveyed. The full sample consisted of 300 SMEs (20-249 employees) and 100 large companies (250+ employees) in both cases.

Contents:

• Late payment and circular debt in Hungarian business life

• Germany’s role in CEE value chains: trade and investment

• International trends

Contents:

• Opportunities of job automatisation in Hungary
• Chinese MNCs in Europe and in Hungary
• International trends

It has been noted that the Chinese business expansion abroad is a recent phenomenon, which became meaningful only in the last one and a half decade when China has appeared as a net exporter of capital. A remarkable feature of the Chinese cross-border business expansion is the essential role of the state in the internationalization of Chinese MNCs which was supported by official policy instruments, including the famous “go global” strategy that encouraged thousands of Chinese firms to invest abroad especially in Europe. The driving motive of Chinese firms to go abroad aimed at acquiring new skills, advanced technology, brands and supply chains that would enhance their competitive advantage in international markets. Merger and acquisitions has been the leading market entry mode resulting in huge takeovers characterizing Chinese investments in Europe. To this end, the Chinese OFDI in Europe has generally targeted few but major economies, namely Germany, UK and France despite the investment growth in the Southern and Central European region in recent years, especially after the financial crisis.

Contents:

• Results of the July 2019 IEER Quarterly Business Climate Survey
• Tax Digitalisation
• International trends

Contents:

• Corporate reactions to the raise of the minimum wage/guaranteed minimum salary of qualified staff
• European Outward Foreign Direct Investment in Africa: Status, Challenges and Future Directions
• International trends

Contents:

• Labour shortage at Hungarian companies: perception and reactions
• Features of the domestic and the international macroeconomic environment
• International trends

Contents:

• Favourable business climate, continued optimistic expectations – IEER Business Climate Survey findings of April 2019
• New Silk Road deal between Italy and China and its significance for EU
• International trends