Kazakhstan’s Astana International Financial Centre is fast evolving as a ready connector for Central Asian enterprises to go global and foreign financial players to dip their toes in the burgeoning Central Asia market. As the international financial centre in Asia, Hong Kong is working closely with Kazakhstan in such sectors as banking and finance, legal and arbitration, start-ups, and education to turn vision into action. More
Russia's growth prospects for 2019-2021 remain modest, chiefly due to decelerating household spending and a tense geopolitical backdrop. A hike in the VAT will likely limit private consumption. A return to solid growth will need more private investment, the easing of western-imposed sanctions and a lift in consumer sentiment. More
Investment and private consumption in Hungary are now among the key drivers of growth. The economy is set for a slowdown over the coming quarters, having grown far above its long-term trend growth rate in 2017 and 2018. However, it will continue to outperform its regional peers and the Eurozone over the coming quarters. More
The Czech Republic is one of the most stable economies in emerging Europe. Real GDP growth in the Czech Republic peaked in 2017, but will remain solid over the coming years and outperform the wider 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.
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. The Polish economy continues to perform strongly, with real GDP growth reaching 5.1% in 2018. Real GDP growth will remain strong over 2019-2027, public debt is low, and unemployment has fallen sharply. More
In a move likely to benefit Hong Kong's e-commerce operators, Russian customs authorities are now to receive details of the contents and value of inbound, Mainland China-origin packages, as well as having the statutory right to verify the accuracy of all such information. More