The Economics of Geography

28/04/2025 22:23

Hungary–China ties could benefit EU amid U.S. trade wars

“Hungary is a critical link in China–EU industrial chain cooperation,” Chinese Ambassador to Budapest Gong Tao emphasised in an interview with Eurasia.

27/04/2025 08:00

Vietnam to build Dubai-like floating city

The Vietnamese city of Da Nang recently announced plans to build a Dubai-like floating city as part of broader infrastructural investments aiming to turn the area into a financial, commercial and service hub.

22/04/2025 10:27

Trade instead of oil: How CEPA agreements are shaping the future of the UAE

The UAE’s economic growth is no longer driven by oil. The country is building its trade relations with great skill and strategy: oil has now been replaced by international shipping and trade. The favorable tax environment and free trade zones, which allow businesses to be established quickly and easily, provide an ideal breeding ground for investors.

16/04/2025 17:54

Chinese economic growth exceeds expectations

China’s economy expanded at an annual rate of 5.4 per cent in the January–March period, the government announced on Wednesday, driven by strong export performance ahead of US President Donald Trump’s rapid escalation of tariffs on Chinese goods.

13/04/2025 08:00

Kazakhstan dicovers potentially third-largest rare earth reserve

Kazakhstan has unveiled a major rare earth discovery in its Karagandy region, potentially containing up to 20 million tonnes of reserves. Announced ahead of the EU–Central Asia Summit, the find could elevate Kazakhstan’s global standing in critical minerals, though experts urge caution as further studies are needed.

08/04/2025 19:47

US tariffs drive EU and China into closer cooperation

Amid escalating trade tensions with the United States, European Commission President Ursula von der Leyen engaged in a telephone conversation with Chinese Premier Li Qiang on Tuesday, aiming to address the widespread disruption caused by recent U.S. tariffs.

06/04/2025 22:53

Hungary offers Singapore firms a gateway to EU market

A new report suggests that Singaporean companies aiming to expand into the European Union should consider Hungary as a strategic entry point, thanks to its highly educated workforce, investor-friendly tax policies, and export-driven economy.

05/04/2025 12:41

Kazakhstan ready to boost exports to EU

Addressing the first summit between the EU and the five countries of Central Asia in Samarkand, Kazakh President Kassym-Jomart Tokayev said that amid rapid geopolitical changes and global challenges, the expansion of interregional cooperation gains ground and strategic relevance.

04/04/2025 13:54

Here is the Chinese response to US tariffs

China is imposing an additional 34% tariff on all US products in response to Donald Trump's measures, news agencies report. Beijing has also announced that it will seek redress at the World Trade Organisation (WTO).

01/04/2025 18:56

Number of Russian billionaires at all time high

The number of Russian billionaires has reached a new all-time high, and so has their combined wealth, Russian state news agency TASS reported, referring to the latest rankings from Forbes .

31/03/2025 21:32

Hungary’s wine marketing in Asia

Hungarian wines have a significant opportunity to break into the Asian market, and for this reason, wine marketing in the region has received particular focus. We spoke with Pál Rókusfalvy, who has been Hungary’s government commissioner responsible for national wine marketing for over two years, to learn about the progress made so far and what the future holds for Hungarian winemakers in Asia.

31/03/2025 17:29

Hungarian companies are conquering Central Asia

In recent years, Hungarian agricultural companies have implemented numerous successful projects in Central Asia, strengthening their economic ties with the region. However, operating in this area presents significant challenges.

30/03/2025 08:00

Central Asia set to outperform China in 2025

Central Asia’s economy is defying global economic trends, with the EBRD projecting 5.7 percent growth in 2025 and faster expansion than China this year. The region’s momentum is being driven by domestic consumption, wage increases, and increasing diversification efforts in non-oil sectors, especially in Kazakhstan and Uzbekistan.

29/03/2025 12:01

China leads, US adapts in new global trade order

Washington built the global trade system—but now Beijing controls it. China’s state-driven economic strategy has overtaken the liberal order once led by the U.S. In Foreign Affairs, Michael B. G. Froman explores how China became the new rule-maker in the global economy.

26/03/2025 19:48

India's GDP doubles in 10 years

India has been the fastest growing major economy in the world for the last ten years, with the latest data from the International Monetary Fund showing a staggering 105 per cent growth in the last decade.

24/03/2025 23:16

Hyundai announces $21 billion investment in US

Hyundai Motor Group is launching a new $21 billion four-year investment programme in the United States, US President Donald Trump and the South Korean automotive giant’s Executive Chairman Jung Eishun announced in Washington on Monday.