EIRP Proceedings, Vol 15, No 1 (2020)

Abstract

Romania and Hungary, two Eastern European Nations from the former communist bloc, are emerging nations involved in historical efforts to make the crucial step from a transitional economy to the values and standards promoted by the European Union. Even the economy and the labour market from the two countries produce a small portion of the European GDP, in the last 30 years after the fall of the Communism, there are visible signs of openness to the worldwide business performance orientation. The aim of this article is po present and analyse the economic background and the common regional projects in education research and development, environment, risk prevention, management infrastructure and the identification of the main challenges and future potentials.