I. Bank tax: pros and cons

HÉTFA Research Institute organized an expert discussion about the bank tax in Hungary. The discussion was held on the 16th of August 2010, its aim was to complement the debates in the topic, considering its topicality and importance.

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II. The administrative burdens and their measure methods.

HÉTFA Research Institute has started a research program about costs that are connected to observing laws and make the work of Hungarian businesses more difficult. In this part of our Background Papers we define the concepts of administrative burdens, present the problems about them, and display why the simplification and the qualitative improvement of the regulatory environment could become a part of the recommendations of international organizations.

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III. International researches about administrative burdens

The purpose of this paper is to present Hungary’s competitiveness and the degree of administrative burdens, which make the work of Hungarian businesses troublesome. In our analysis we compare international competitiveness indexes, including the data of the Doing Business Index (set up by the World Bank), the Global Competitiveness Index (prepared by the World Economic forum), the World Competitiveness Yearbook (established by the Swiss IMD institute) and the Economic Freedom Index (produced by the Heritage Foundation). We display the data collection and ranking process of these indexes, and report the changes of the past few years.

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IV. The administrative burdens in Hungary

In this paper we would like to give an overall picture of the administrative burdens, which make the work of Hungarian businesses difficult. We summarized the achievements of the main researches conducted so far and reviewed the experts’ recommendations, with an emphasis on relieving these burdens.

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V. International routines to smaller bureaucracy

The aim of this paper is to review foreign experience of good practices with reference to the relieving of administrative burdens. In this study we introduce the recommendations of OECD, EU and World Bank, the simplification strategies referring to small and middle enterprises, the factors, putting back the lowering of the burdens, and the forms of cooperation between state institutes and civil society.

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VI. Doing Business in the Balkans

The aim of this study is to explore the opportunities of doing business in the Balkans. Assessing some of the well known international competitiveness indexes and surveys, we introduce how easy it is to do business in Albania, in Bosnia and Herzegovina, in Bulgaria, in Croatia, in Macedonia, in Romania and in Serbia. The study displays the changes of the economical environment in these countries during the last few years, and summarizes the main tendencies in the examined region. In our analysis we used the Global Competitiveness Index (GCI) edited by the World Economic Forum (WEF), the Doing Business Index (DBI), the dataset of the Worldwide Governance Indicators (WGI) and the BEEPS, all of which were established by The World Bank. We also used the Economic Freedom Index published by the Heritage Foundation, the World Competitiveness Yearbook issued by the International Institute for Management Development (IMD), and the surveys of the Global Entrepreneurship Monitor (GEM).

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IX. Who likes ventura capital? Whom does ventura capital like?

In this study, we are seeking to answer two questions. First, among Hungarian micro and small entreprises, which ones are able attract the attention of venture capital; second, which type of owners and companies are willing to accept the idea of being financed by venture capital. On one hand, ompanies with multiple owners, with a younger owner and entreprises of the manufacturing (non-service and non-agriculture) sector meet the investment criteria examined by this study. On the other hand, larger and faster-growing companies, startups and mature enterprises and the ones with a higher educated owner, are more prone to accept venture capital.

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