Local investors often prefer ad hoc investment vehicles with less restrictions than traditional PE funds.
Bitfury has announced it will launch the first ever Global Blockchain Business Council (GBBC) on the margins of Davos in January.
The measures are the latest in a series of reforms aimed at whitening the Hungarian economy, but critics point out the government has failed to take a similar stance against high-level corruption that blights the economy.
Despite the external blows of Brexit and then ‘Trumpquake’, there was a general improvement in Central and Eastern Europe’s transaction climate in 2016.
Hungary stands out not only for the length and depth of its harsh anti-immigrant campaign, but also the close support of the Catholic Church in the state's fight against Muslim refugees.
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