Economic growth rates in Hungary will ease in the coming years, but remain higher than in more developed EU peers. Investors in Hungary benefit from the country's relatively stable operating environment. As a member of the EU, Hungary offers open markets, and an increasingly competitive corporate tax regime, while its geographic location and strong overland transport links consolidate its position as a major sub-regional trade hub within Central and Eastern Europe. More
Poland has reached high-income status over a relatively short period of time and this has translated into remarkable progress in poverty reduction and shared prosperity. This transition benefited from increases in productivity, strengthened institutions, human capital investments, and sound macroeconomic management. Looking ahead, real GDP growth will remain strong over 2018-2027, public debt is low, and unemployment has fallen sharply. More
As a member of the European Union (EU), with an advantageous location in the centre of Europe, a relatively low cost structure, and a well-qualified labour force, the Czech Republic is an attractive destination for foreign investment. Czech real GDP growth will remain on a healthy trajectory, but decelerate over the next two years as the labour market nears full employment and external demand weakens.
Russia is Hong Kong’s largest trade partner in Central and Eastern Europe. Russia's growth prospects for 2018-2020 remain modest. A return to solid growth will need private investment, easing of western-imposed sanctions and a lift in consumer sentiment. A strategic focus on digital transformation has enabled Russia to build a national digital infrastructure. More
The WTO Dispute Settlement Body agreed at its 21 November meeting to establish a panel to examine allegations by seven economies – mainland China, the EU, Canada, Mexico, Norway, Turkey and Russia – that the Section 232 tariffs the United States imposed earlier this year on imported steel and aluminium contravene U.S. multi-lateral obligations. More
This year's Taste of Moscow event saw the chill of Western trade embargoes briefly lift as globally sourced gourmet delights and local restaurateurs jostled for the attention of munch-minded Muscovites in a four-day culinary cavalcade. More
President Trump issued an executive order on 20 September authorising the implementation of certain additional sanctions against Russia. This action includes the imposition of sanctions against a mainland Chinese entity that has been met with outrage in Beijing. More
Ozon.ru, Russia's largest and longest-established online retailer, is set to implement dramatic changes to its marketplace model, the facility that allows third-party businesses to access its nationwide sales and distribution platform. More