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Doing Business in Hungary

Inside this issue

• Banks are facing a levy even though they did not need a bail-out during the financial crisis

• The government appears to want more influence over Mol, Hungary’s biggest oil refiner - -

Content

Reform is route to tackle uncertainty

Chris Bryant explores the unconventional path being pursued by the new centre-right government

Foreign policy: Budapest faces multiple challenges in EU role

‘Human factor’ will be a focus during presidency, writes Hugh Williamson

Foreign investment: Anxiety hits rock steady development foundations

The prospect of unpredictable legislation undermines the benefit of a low tax rate, says Kester Eddy

Financial services: Bank tax and pensions pose array of problems

Retirement sector and lenders are in the line of fire, writes Chris Bryant

Energy: Leadership doubts spark tussle over minority stake

The government wants to buy a Russian gas group’s stake in Mol, writes Chris Bryant

Politics: Orban consolidates power

Premier has taken full advantage of his party’s majority, says Chris Bryant

Litracon: Optical fibres provide a wall of light for entrepreneur

Can other potential inventors learn from Aron Losonczi’s example – and his mistakes? Kester Eddy reports

Szentendre: Danubian haven away from bustle of capital

The pleasant town is a prime tourist destination, writes Hugh Williamson

CEU: Soros-founded university has an international focus

Its status as the most international university in central and eastern Europe is only one of its defining features, writes Hugh Williamson

Glass blower glowing in spite of long term decline

Kester Eddy visits Ajka Crystal, a glass works that is enjoying a mini boom after a difficult decade that has seen much of the industry in Europe go bankrupt