The Economics of Geography

22/05/2025 23:07

How do direct flights power China-Hungary's shared prosperity?

A regular direct flight shuttles between Budapest, Hungary's vibrant capital, and Ningbo, China's eastern maritime hub, spanning 5,000 kilometers of geography but bridging continents in trade and investment.

20/05/2025 23:01

How to be successful in Hong Kong?

"Hungary is a gateway to Europe for Asian companies, while Hong Kong serves as a gateway to Asia for European companies," Alpha Lau, Director-General of Investment Promotion at InvestHK – a Hong Kong government agency – told our paper at the Guangdong-Hong Kong-Macao Greater Bay Area and Hungary (Europe) Economic and Trade Cooperation Conference in Budapest.

15/05/2025 19:08

BYD to locate its European headquarters in Hungary

The Hungarian government has signed a strategic cooperation agreement with one of the largest car manufacturers. The agreement with BYD means that future cars will also be manufactured in Hungary, Viktor Orbán emphasised in his speech.

14/05/2025 13:00

Trade and Economic Cooperation between the Republic of Uzbekistan and Hungary: Current State and Prospects for Development

In recent years, the Republic of Uzbekistan has been consistently expanding its foreign economic ties with European countries, and Hungary is playing an increasingly significant role in this process. The elevation of relations to the level of strategic partnership, the intensification of bilateral dialogue, as well as the growth of investment activity by Hungarian companies in Uzbekistan, demonstrate the high potential for cooperation between the two countries.

13/05/2025 21:15

Trump signs strategic partnership deal in Saudi Arabia

U.S. President Donald J. Trump announced a landmark $600 billion investment commitment from Saudi Arabia into the United States, during the second day of his Middle East tour on Tuesday.

13/05/2025 13:10

How China’s EV expansion is transforming the Middle East’s auto market

In the early 2000s, China recognized its heavy dependence on oil imports primarily from Russia, Saudi Arabia, Iraq, Oman, and Malaysia, as well as its worsening air pollution crisis. The government introduced tax incentives and various state initiatives to promote the development of new energy vehicles.

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 .