The Economics of Geography

Reality or fiction? Enhancing Connectivity: The Role of the Trans-Caspian International Transport Route in Central Asia – Part 2.
29/09/2024 22:25

Reality or fiction? Enhancing Connectivity: The Role of the Trans-Caspian International Transport Route in Central Asia – Part 2.

The Trans-Caspian International Transport Route (TITR) is a key transportation corridor that plays a central role in connecting Central Asia to Europe and beyond, promoting regional integration, trade facilitation and economic development.
Long-term cooperation between Hungarian MBH and Bank of China in sight
29/09/2024 14:51

Long-term cooperation between Hungarian MBH and Bank of China in sight

MBH Bank and the Hungarian branch of Bank of China Limited have signed a Memorandum of Understanding to establish a long-term, stable and mutually beneficial business relationship.
Türkiye ranks second globally in number of contractors after China
25/09/2024 15:32

Türkiye ranks second globally in number of contractors after China

Türkiye ranks second in the world in the number of contractors after China, and eighth country in the world in terms of income generated by foreign contracts, according to Turkish President Recep Tayyip Erdoğan.
Biden admin moves to ban imports of Chinese connected cars and parts
25/09/2024 14:54

Biden admin moves to ban imports of Chinese connected cars and parts

The U.S. Commerce Department recently proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns, a move that would effectively bar Chinese cars and trucks from the U.S. market.
MOL Group finalises extraction agreements in Azerbaijan
23/09/2024 16:26

MOL Group finalises extraction agreements in Azerbaijan

MOL Group and its joint venture (JV) partners signed commercial agreements for the development of gas reserves in Azerbaijan. After the State Oil Company of the Republic of Azerbaijan (SOCAR) and BP, operator of the JV, MOL is the third largest shareholder in the Azeri-Chirag-Deepwater Gunashli (ACG) field, where non-associated gas (NAG) reservoirs were identified beneath and above the oil producing reservoirs.
Reality or fiction? Enhancing Connectivity: The Role of the Trans-Caspian International Transport Route in Central Asia – Part 1.
21/09/2024 22:20

Reality or fiction? Enhancing Connectivity: The Role of the Trans-Caspian International Transport Route in Central Asia – Part 1.

In order to diversify their economies, after the outbreak of war in Ukraine and the subsequent international sanctions against Russia, the countries of Central Asia explored the possibility of creating new, alternative transport and trade routes to Europe and other regions.

China committed to boost Africa’s modernisation
20/09/2024 06:00

China committed to boost Africa’s modernisation

The 2024 Forum on China-Africa Cooperation (FOCAC) summit delivered concrete results, setting out a roadmap for China and Africa to work in concert towards modernisation. The Beijing Summit, which took place from 4 to 6 September, was the largest diplomatic event organised by China in recent years.

A door to new markets
20/09/2024 06:00

A door to new markets

Almost ten years ago, Hungary's government announced its strategy of Opening to the South. The first small businesses quickly took off, but large-scale projects were not long in coming. The main sectors to open the door to export markets were food processing, agro-industry, water management, medical devices and information and communication technologies.
An alternative to the Western world order
20/09/2024 06:00

An alternative to the Western world order

In the current turbulent geopolitical environment, regional initiatives that seek to provide an alternative to the Western world order and to increase the role of the Global South in world politics are becoming increasingly important. The Shanghai Cooperation Organisation (SCO) is one of the most striking examples of the strengthening of regional defence, economic and political ties, and its growing membership reflects its importance and geopolitical role.
Xi Jinping boosts Africa financing by US$51 billion, promises a million jobs at FOCAC Summit
05/09/2024 21:06

Xi Jinping boosts Africa financing by US$51 billion, promises a million jobs at FOCAC Summit

Chinese President Xi Jinping pledged on Thursday to step up China's support across Africa with funding of nearly US$51 billion over three years, backing for more infrastructure projects, and the creation of at least 1 million jobs.
Lifebelt from the Middle East
30/08/2024 06:00

Lifebelt from the Middle East

The number of M&A (Mergers és Acquisitions) deals in Europe fell by almost half in 2023, but transactions involving Central and Eastern Europe fell only marginally. What is the reason for our region's success? According to an expert, the Middle East's increasingly active investor presence, with oil and gas revenues increasingly finding their way to our region.

Hard to win, but easy to lose
30/08/2024 06:00

Hard to win, but easy to lose

The global flows of goods, services and capital have slowed significantly since the global financial crisis of 2008, breaking the globalisation process that had become common after the Second World War. Today, geo-economic fragmentation, or bloc-formation, has allowed economic considerations to be superseded by political factors such as national security and sovereignty.
Chinese EV maker Zeekr posts record revenue
23/08/2024 13:58

Chinese EV maker Zeekr posts record revenue

Zeekr Intelligent Technology, the premium electric vehicle (EV) maker controlled by Geely Auto, reported record revenue in the second quarter as its refreshed models lured more Chinese customers away from rivals.
The secret to the success of Singapore's national brand
15/08/2024 07:00

The secret to the success of Singapore's national brand

The economic, political and socio-economic reforms undertaken by Singapore's leadership over the past decades have transformed the city-state from a small fishing village into a global financial, business, logistics and innovation hub.
BYD tops Hungarian BEV market
08/08/2024 18:24

BYD tops Hungarian BEV market

China's BYD, the world's leading manufacturer of plug-in electric and plug-in hybrid (NEV) cars, is rapidly increasing its presence in the Hungarian new car market. After launching in Hungary in October last year, BYD reported the highest number of sales in the BEV segment in July this year.
Apple is no longer among top 5 smartphone vendors in China
31/07/2024 15:30

Apple is no longer among top 5 smartphone vendors in China

Apple was edged out of the top five smartphone vendors’ list in China in the second quarter, as competition from domestic brands such as Huawei intensifies.

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