Ukraine

New proposal to attract third-country talent and skills to the EU

Recently the European Commission has proposed an update to EU migration policy. The revision aims to make moving to the EU more attractive to third-country talent as well as streamline legal migration.

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Price caps staying in Hungary until 1 July 2022

For the last few months, price caps have been in force in Hungary for fuels and some basic grocery items. While originally they were supposed to be expire in May 2022, the price caps were extended until 1 July 2022. Get an overview of the current situation, and see how it affects your Hungarian company. …

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Impending global stagflation and its effects on your business

Stagflation is when economic growth slows down while inflation continues to increase. Developments of the last few years, most prominently the COVID pandemic and the war in Ukraine are making stagflation an increasing possibility. What do projections say, and how can you best prepare your Hungarian business? Factors leading towards stagflation The coronavirus pandemic that …

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The crypto landscape in times of war

Cryptocurrencies are stateless, decentralized, anonymous digital currencies, which have often been viewed as a kind of doomsday insurance. They were supposed to be resilient to the fluctuations of the real world, but they have not exactly delivered on that promise as the new dominant international asset. Currency volatility in the crypto landscape The lack of …

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Foreign exchange rates affected by Ukraine war

The war in Ukraine creates uncertainty in the entire region. Scarcity and instability hasten inflation, which at this scale is capable to affect the global economy. These effects are most obvious in the changes to foreign exchange rates. Currency volatility in Europe The fights in Ukraine affects most the countries that are closest, and which …

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New restrictions on temporary protection for those fleeing Ukraine

Third-country residents in Ukraine will no longer be eligible for temporary protection in Hungary, but they can still apply for a 30-day temporary residency with limited rights.

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Residency options for Ukrainians and other nationals coming from Ukraine to Hungary

If you are coming from Ukraine to Hungary because of the war, you are eligible for temporary protection, whether you are a citizen or a resident of Ukraine. However, if you intend to stay, you might want to consider other residency options in Hungary.

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Safe investment when war is coming your way

When you have funds in excess, it is usually best not to just let them lie around in your pocket or on a bank account, but to make some kind of investment to ensure that your money retains its value, or even turns a profit. But from which investments can you actually expect that, especially …

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