Contents:

• Economic effects of COVID19 on Hungarian companies by April 2021 – hindering factors, capacity utilisation, wages and selling prices
• Forecasts concerning the economic state of the EU and the Eurozone
• International trends

Contents:

• Perception of Hungarian companies’ financial situation and their share from the aids offered by government measures aiming to relieve the economic effects of COVID19, April 2021

• International trends

Contents:

• Business situation improves, expectations vary greatly – Results of the Business Climate Survey of HCIC IEER of April 2021
• Economic effects of COVID19 on Hungarian businesses by April 2021 – crisis management and changes in revenue
• International trends

Contents:

• The state of school education one year after the start of the pandemic
• A comparison of the COVID19-induced economic crisis in Hungary and the region
• International trends

Contents:

• The results of IEER’s Quarterly Business Climate Survey, January 2021
• Economic effects of the coronavirus pandemic on Hungarian businesses until October 2020 – capacity utilisation, crisis management tools, wages and sale prices
• International trends

Contents:

• Financial situation of Hungarian businesses October 2020
• Primary school students’ career choice 2020 – a summary
• International trends

In this analysis of HCIC’s Institute for Economic and Enterprise Research (IEER) based on EC and IMF data, we present, how the novel coronavirus pandemic is expected to affect the economic situation of the EU member countries. As part of public health considerations, major containment and lockdown measures were introduced all across EU countries. This has put the EU economy to a halt – although the rate of the slowing down differs among member states – a -7,4% growth rate is forecasted for the region. Although this is followed by a return at least of circa 5% in 2021, the GDP will not reach its pre-pandemic forecasted levels. According to predictions, Hungary will have a milder slump in, with a -3,1% of real GDP change.

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.

The Belt and Road Initiative (BRI) of China is an approach adopted by the Chinese government, launched in 2013, to connect Asia with Africa and Europe via land and maritime networks. It is also known as One Belt One Road (OBOR) and Silk Road Economic Belt and 21st century Maritime Silk Road. This project aims to revive the old trading routes connecting China with Europe and Africa and extend these routes via networks of upgraded or new railways, ports, pipelines, power grids and highways which will promote regional integration and will stimulate trade and economic growth. This belt and Road include 71 countries from south-east Asia to Eastern Europe and Africa which account for the half of the world’s population and quarter of global GDP.

Contents:

• Results of the IEER Business Climate Survey October 2017
• Possible Impacts of Automation on the Hungarian Market Labour, 2012-2016
• Characteristics of key labour market indicators in Hungary
• Savings and Risks are Growing in the Household Sector
• International trends