This study was motivated by the fact that space industry has become one of the most innovative, rapidly developing, least crisis-sensitive industries, which grows dynamically worldwide. Its resilience to shocks is quite apparent. Since the outbreak of the pandemic1 in spring 2020, the sector...

To combat the coronavirus crisis and to deal with the challenges of sustainable development state should be more active and more efficient than before. This study presents the “philosophy”, directions, and first results of research aiming to define the new role of the state. By examining the...

The study shows that the extraordinary growth of fixed capital formation and investment was twice higher than the increase in GDP during the period between 2012 and 2018. Investment rate reached 25 percent in 2018, compared with the European Union’s 20.4 percent; after Sweden and the Czech...

Excessive indebtedness makes support for rehabilitation necessary for millions of households. Hungary – mainly using the experiences of European countries – introduced the institution of personal bankruptcy this year. This paper attempts to compare the European model and the US practice, the...

This study is intended to demonstrate that the downturn in fixed capital formation and investment surpassed the decline in GDP; among the OECD countries Hungary witnessed the 9th largest shortfall of the investment rate compared to pre-crisis levels. The growth rate of Hungarian working capital...

The article summarises the experiences of the research conducted at the Research Institute of the State Audit Office of Hungary in order to adapt the – integrity reinforcement based – Dutch methodology of risk analysis to public administration. This paper contains the results of a...

Based on the audits conducted by the State Audit Office (SAO) and the analyses prepared by its research institute, we do not think that Hungary has such national economic planning in place by relying on which the challenges posed by our global and EU convergence can be met by comprehensive...

Zoltán Gál Financial markets in the global space – The financial space disrupted by the crisis AKADÉMIAI KIADÓ, BUDAPEST, 2010

The Third World Forum, an OECD event so far with the largest number of participants in the history of the organisation, was held in the city of Busan, South Korea, between October 27–30 2009. Two thousand two-hundred participants from 103 countries dealt with the issues of charting progress,...