Innovation in CEE and the new European Innovation Agenda
As part of the series webinars organized by Századvég, the next event focuses on the much-awaited new European Innovation Agenda. We will introduce our learnings of the EU and national innovation-promoting programs and various aspects of their exploitation in Central and Eastern Europe. Building on our group’s input to the Commission’s latest public consultation, this time we will focus on the CEE practices: frameworks, challenges, success stories and shortcomings.
The February performance of the construction industry exceeded all expectations
In February 2022, retail sales increased by 9.8% compared to the same period of the previous year, while it increased by 1.5% relative to the previous month. Within this, sales increased by 3.4% in specialised and non-specialised food shops, by 14.6% in non-food shops, while fuel sales increased by 19.0% on a year-on-year basis.
The population agrees with the excess profit tax on windfall profits
Seventy-nine percent of Hungarians are in favour of the government imposing an excess profit tax on companies that have made windfall profits so that the revenues generated in this way should make utility price cap sustainable in the long run, according to the latest poll of Századvég. The survey covered the opinion of the population about the reasons for the increase in prices and the question of what expectations Hungarians have of companies’ burden-sharing that benefit even in a war situation.
The plan of the European Political Community can be seen as an attack on EU law and sovereign nation states
The European Political Community proposed by Emmanuel Macron can be seen as a clear attack on sovereign nation states and is based on an idea that has failed several times throughout the history of the European Union due to the prevention of future enlargements and the risk of losing sovereignty. The creation of such a new political organisation is in line with the federalist aspirations of Brussels, under the auspices of which left-liberal politicians would also amend the Treaties, seeking to undermine the sovereignty of Member States and concentrate the power of the rich elite.
Intensified insecurities caused by the war has a greater impact on the sense of prosperity of households than of companies
According to the survey conducted by Századvég Konjunktúrakutató in May 2022, the sense of prosperity of both households and businesses became moderate: on a scale between -100 and +100, the value of prosperity index decreased from -7.5 to -13.3 regarding households, while it decreased from -6.8 to -8.7 regarding businesses. The decline in the indicators is still explained by the Russian-Ukrainian war, but the sanctions already imposed and the floating of the sanctions regarding the ban on energy imports also play a significant role. An improvement in the sense of prosperity is expected when the war and the floating of sanctions jeopardising the functioning of the Hungarian economy end.
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