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“As a result, we will continue to need new qualified employees in coming years.” Upholsterers and seamstresses were especially difficult to find, she said, as students were not interested in the job leather cufflink box uk sale. K&H, the Hungarian unit of Belgian KBC Groep NV (KBC.BR), said it had also received enquiries from firms seeking better access to skilled workers to help expand their businesses. “The fact that transaction activity has increased in Hungary is a clear signal that executives believe in the growth of their company and that requires securing the necessary resources,” said the bank, Hungary’s second-largest lender by total assets..

Hugh Owen, a consultant specializing in M&A deals in Central and Southeast Europe, said the market has coined the term ‘acquihires’ to describe takeover deals aimed at acquiring a team with specific expertise. Magyar Telekom’s MTEL.BU T-Systems unit said unique competencies in business software SAP played a “decisive role” when it acquired Hungarian information services company ITgen for up to 1.2 billion forints ($4.2 million) last year. The Deutsche Telekom (DTEGn.DE) unit said acquiring the know-how was “definitely” easier than trying to hire highly sought-after IT experts individually leather cufflink box uk sale.

Ernst & Young said it had been involved in a transaction in which a global player it did not name acquired a division of a Hungarian company because it wanted to establish an IT developer center in central Europe. “The target company had this expertise available, which represented the fundamental value in the transaction,” Ferenc Nagy, Transaction Advisory Services Manager said, adding that such deals were most common in IT services and manufacturing. PricewaterhouseCoopers Hungary said a quarter of suppliers it surveyed in the car sector, a mainstay of economic growth, had turned down orders as a result of the labor shortage leather cufflink box uk sale.

One source said similar takeover deals could gather steam, barring any escalation of trade wars between major economies or a slowdown in the German car sector, which accounts for a big chunk of demand for the Eastern European region. “These kinds of deals have appeared on the radar. They are not the main driver, but they have appeared and this will only intensify,” the source said leather cufflink box uk sale. “Wherever there is quality workforce, that is a lot more valuable than a hastily-built production base, where the workforce may be weaker.”..

LONDON (Reuters) – Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum leather cufflink box uk sale. As of 1645 GMT the original cryptocurrency was down 8.7 percent at $5,100, after breaching the landmark for the first time since Oct. 12, 2017. Traders said selling was largely sentiment-driven and cited fears that Thursday’s “hard fork” in bitcoin cash, where the smaller coin split into two separate currencies, could destabilise others..