Central Europe ranks under the EU average in the market penetration of electric vehicles. But it doesn’t want to be left behind by the global trend, leaping into battery production and dreaming even bigger.
European union Member states have scrapped a Commission's plan to establish a system to tax internet giants like Google or Facebook. In a bid to break a deadlock, EU executive arm have called for a move to a qualified majority voting on tax issues. The V4 countries, however, clearly reject to kill national vetoes on tax policy. Their governments are now likely to bring in their own national digital tax laws.
Investing in people, public services and the business environment (including, crucially digital infrastructure) are appealing ways to achieve longer-term growth through making Hungarians and the Hungarian economy more productive. These types of policies respond to the challenges that were highlighted by the pandemic and can be helpful during the recovery but have the potential to spur further economic growth, writes Daniel Prinz.
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