PESTLE Insights: Macroeconomic Outlook Report – Hungary

Price :
Published : Jul-2017
No. of Pages : 40

PESTLE Insights: Macroeconomic Outlook Report – Hungary


Macroeconomic Outlook Report of Hungary identifies the potentials of Hungary as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.

Central Hungary (Budapest and Pest) and Western Transdanubia (Zala, Vas and Gyor-Moson-Sopron) generate around 58.0% of Hungarian GDP. Machinery and equipment; rubber and plastic products, transport and storage, and financial and insurance activities attracted the most FDI in 2016. It takes seven days with six procedures to start a business in Hungary as compared to the OECD average of 8.3 days with 4.8 procedures as of 2017.

– Owing to temporary contraction in public investments, the Hungarian economic growth slowed down to 1.9% in 2016 from 3.2% growth recorded in the previous year. Robust growth in private consumption expenditure, inward foreign investments and the disbursement of EU funds, to resume in 2017 and increase public investments, is expected to drive the economic growth of Hungary in 2017.
– Hungary’s performance in the GlobalData Country Risk Index 2017 exhibits its potential as a key investment destination for new business as well as expansion of existing business. The country exhibits higher risk in terms of all risk parameters except legal environment when compared with other emerging European nations. The nations score remained in the low risk nation band of 30-40.

Reasons to buy
– Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
– PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
– Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
– This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

Payment Company Profile: Square

Payment Company Profile: Square Summary Square is a US-based payment services provider. The solution allows businesses to accept payments through methods including debit and credit cards issued by all major scheme providers (including Visa, Mastercard, American Express, Diners Club, and China UnionPay), as well as NFC-based solutions such as Android Pay and Apple Pay. For offline payments, Square offers an array of traditional and mobile point of sale (mPOS) solutions for payment acceptance via magnetic stripe, chip, and NFC cards and payment solutions. It also enables online payments through Square Checkout and e-commerce APIs. Square point of sale (POS) solutions are used by 36,000 retail stores, including prominent brands such as Apple, Amazon, Best Buy, Staples, Target, and Walgreen......

Alternative Payment Solution: Seqr

Alternative Payment Solution: Seqr Summary Seqr is a Sweden-based mobile payment solution developed by Seamless in 2011. Initially launched as a QR code-based in-store payment solution, it was later extended to include P2P transfers and online, in-app, and contactless payments. It allows users to make both in-store and online payments by scanning QR codes displayed at merchant counters or webstores with a mobile phone. Users can also make NFC payments by holding their phone near POS terminals, even if the merchant has no direct contract with Seqr. These payments are now accepted at approximately 30 million POS terminals worldwide. Seqr received an e-Money License from the Swedish Supervisory Authority in 2016, enabling it to issue electronic money. Users are offered a default prepaid S......

Alternative Payment Solution: Yandex.Money

Alternative Payment Solution: Yandex.Money Summary Yandex.Money is one of the most popular payment solutions in Russia. It was launched in July 2002 as a joint venture between Yandex and PayCash Group, before Yandex later became the sole owner. However, in July 2013 Yandex sold a 75% stake in Yandex.Money to Sberbank, and is now the minority stakeholder in the joint venture. Yandex.Money allows users to make both online and offline payments as well as P2P fund transfers. It offers online checkout through Yandex.Checkout, allowing online merchants to accept payments via the Yandex.Money wallet and linked bank cards, as well as other payment options such as online banking, cash, and carrier billing. Alternatively, users can make payments by scanning the QR code on the merchant site via th......

Alternative Payment Solution: Swish

Alternative Payment Solution: Swish Summary Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 6.2 million users. Initially launched as a P2P payment service, it was extended to allow merchants to accept payments for online and offline purchases. The solution enables users to make real-time P2P transfers from their mobile phone using the recipient's number. To transfer funds both sender and recipient need to have a bank account with one of 10 participating banks, and must link their mobile number with their bank account. The solution also allows consumer-to-business (C2B) transfers, enabling customers to transfer money to offline merchants using their unique Swish number. Users can also pay merchants by scanning QR ......

Alternative Payment Solution: Pingit

Alternative Payment Solution: Pingit Summary Pingit is the UK's first instant mobile payments app, introduced by Barclays in 2012. Initially launched as a P2P payment service between individuals, it extended its service for merchants, allowing them to accept payments for online and offline purchases. The service was initially offered only to Barclays account holders, before being extended to all UK residents with a UK-registered mobile number and UK bank account. The app can be downloaded from App Store, Google Play Store, and Windows App Store. The solution enables users to make real-time P2P transfers from their mobile phones using the recipient's mobile. For Barclays customers the app is directly linked to their Barclays current account. For non-Barclays customers a Pingit account is......

Payments Landscape in Morocco: Opportunities and Risks to 2021

Payments Landscape in Morocco: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Morocco: Opportunities and Risks to 2021", report provides detailed analysis of market trends in Moroccan cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards, credit transfers, direct debit, and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country's competitive landscape, including the market shares of issue......

Alternative Payment Solution: MobilePay

Alternative Payment Solution: MobilePay Summary MobilePay is a popular mobile payment solution in Denmark. Launched as a money transfer app by Danske Bank in 2013, it later extended its offering to include online, in-app, and in-store payments. It allows users to make fund transfers between friends, family, and businesses using their mobile number. Users can store card details within the MobilePay app, which can be used for payments at online and offline merchants. To make online payments, users need to choose MobilePay at checkout and approve the payment on their mobile phone. As per our 2017 Consumer Payments Insight Survey, MobilePay accounted for 8.2% of e-commerce transaction value in Denmark in 2017, ahead of its main rival PayPal. Users can make in-store payments via NFC (at ......

Fintech Profile: CommonBond

Fintech Profile: CommonBond Summary CommonBond is an online lending platform that offers educational and student refinancing loans at fixed and variable interest rates. Scope The report provides information and insights into CommonBond, including - - Overview of the company and its product offering - Detailed insight into its business operation, technology, revenue model, geographical presence and target market - Information on funding, partnerships and awards it received - Biography of top management. Reasons to buy - Gain insights into CommonBond's business operations. - Gain insights into funding and partnerships - Gain understanding about its target market and impact.......

Alternative Payment Solution: Google Pay

Alternative Payment Solution: Google Pay Summary Google Pay is a newly unveiled mobile payment brand by tech-giant Google, launched in February 2018. Google Pay was formed as a result of a merger between its existing payment brands Google Wallet and Android Pay. At present, the solution is available in 18 markets: the US, Australia, Belgium, Brazil, Canada, Czech Republic, Hong Kong, Ireland, Japan, New Zealand, Poland, Russia, Singapore, Slovakia, Spain, Taiwan, Ukraine, and the UK - with expansion plans to France. The solution is accepted at millions of retail outlets globally, and supports all major payment networks, including American Express, Mastercard, Visa, and Diners Club. It is supported by more than 1,200 banks and credit unions in the US, including major banks such as A......

Alternative Payment Solution: Paytm

Alternative Payment Solution: Paytm Summary Paytm is the leading alternative payment solution in India. Owned by One97 Communications, Paytm initially began its operations as an e-commerce marketplace in India in 2010. In 2014 the company launched the Paytm Wallet, which can now be used for both online and in-store payments. Funds can be loaded onto the wallet via online banking, debit cards, and credit cards. The wallet, which was initially used only on Paytm's own online marketplace for e-commerce and bill payments, is now widely accepted at a number of other online merchant websites/apps. Paytm dominates the Indian mobile wallet market and accounted for a 9.9% share of the total e-commerce transaction value in 2017 - according to GlobalData's 2017 Consumer Payments Insight Survey......