Business

Category Archive Business

Progenex Untold – The Inside Story by its Founder

Untold – The Inside Story by its Founder in a Three-Part Tell-All Expose

Adam Zuckerman, founder of Progenex – an international sports nutrition company, emerges from the shadows after 10-years to tell the true accounts of great invention, criminal fraud, and what he intends to do about.

In 2009, Adam Zuckerman, an American finance entrepreneur partnered with Dr. Scott Connelly, famed inventor of MET-Rx, an American brand of nutritional supplements Connelly sold to Rexall Sundown for $108 million in 2000, currently owned by NBTY.

After 9-years of retirement, Connelly wanted back in the game and launched Progenex Dairy Bioactives, Inc., a bio-nutritional/medical start-up, consisting of a patented and proprietary product Connelly named “Recovery.”

Recovery, as its name implies, was a consumable whey-protein hydrolysate Connelly co-developed with largest dairy producer in Australia, Murray Goulburn Co-Operative Co. Limited (MGC), acquired in 2017 by Saputo (TSX:SAP) for $1.2B. MGC and Connelly co-created a unique substance called Whey Growth Factor Extract (WGFE), which was discovered by tracking RNA expression signatures to reveal which genes were involved with muscle growth, metabolism, and inflammatory response. The product was noticeably effective and it was pricey because it was costly to make. As part of Connelly’s agreement to co-develop WGFE, MGC granted Connelly an exclusive license to market WGFE in the United States, provided he could meet minimum production thresholds for raw materials. Connelly needed a business partner and capital.

Prior to founding Progenex Dairy Bioactives, Inc. with Zuckerman, Dr. Connelly began his career as an anesthesiologist.

Dr. Connelly worked in the hospitals burn unit, which is where he discovered that healing from wasting or damage to human tissue was to occur from the inside out not topically. Simply, while the medical and pharmaceutical world raced to create a topical solution for tissue regeneration, Connelly created a digestible consumable that would not only prove to regenerate tissue in burn victims and slow wasting, but in anyone who needed fast repair and recovery. These findings led to the creation of Progenex “Recovery” – the company’s marquis product, but not before Connelly made his bones a decade earlier, where many sports-fitness enthusiasts consider Scott Connelly the Godfather of industry.

MET-Rx is best known for pioneering a new category of bodybuilding supplements known as meal replacement powders or MRPs.

It was also involved in the androstenedione controversy in the late 1990s. As noted above, the original MET-Rx product was intended to help prevent critically ill patients from losing muscle mass. Connelly’s product was marketed in cooperation with Bill Phillips and the two began marketing to the bodybuilding and athletic communities, launching sales from the low hundreds of thousands to over $100 million annually.

Connelly sold all interest in the company to Rexall Sundown for $108 million in 2000. MET-Rx is currently owned by NBTY

Connelly’s intended application for MET-Rx was the medical sector, as with Progenex to follow, where MET-Rx fast became the gold standard for the bodybuilding community worldwide for obvious reasons in the 80’s – lifting weights is a process of repeatedly tearing tissue and requiring fast repair. And Connelly wasn’t shy about being the poster boy for his brand, nor did he pose in a lab coat. Quite the contrary, where beyond his exhaustive credentials as a protein science pioneer and MD, who revolutionized an industry, Connelly was ripped and often posed with dumbbells in his hands and a tank top for advertisements and interviews.

Enter CrossFit. Progenex gains significant momentum as the title sponsor for CrossFit and becomes a national brand.

Greg Glassman, founder of CrossFit, met with Zuckerman and Connelly in 2011 to strike a deal with Progenex as title sponsor for the CrossFit Games. CrossFit was just becoming a household name, which attracted Reebok in 2014, squeezing Progenex out.

CrossFit, a branded fitness regimen that involves constantly varied functional movements performed at high intensity. The method was developed by Greg Glassman, who founded CrossFit with Lauren Jenai
in 2000, with CrossFit its registered trademark. The company forms what has been described as the biggest fitness chain in the world, with around 12,000 affiliated gyms in over 150 countries as of 2022,
under half of which are located in the United States.

CrossFit, meaning cross-discipline fitness, was conceived as a company in 1996 as Cross-Fit. Greg Glassman and Lauren Jenai incorporated CrossFit, Inc. in 2000. They opened a gym in Santa Cruz, California in 2001 and posted their workouts on the Internet for their clients, and these workouts were then quickly adopted by individuals in the police, military, firefighting services. The first affiliated gym (known as ‘box’) to form was CrossFit North in Seattle, Washington when Glassman’s internet postings were used by those who wanted to officially incorporate his workouts into their training regimen in 2002.

Glassman obtained complete control over the company in 2012 after a divorce with Jenai, who tried to sell her share in the company to an outside party after the divorce settlement, but Glassman bought it with a $16 million loan from Summit Partners. In June 27, 2020, CrossFit sold to Eric Roza, a tech entrepreneur who made his name and fortune with a data company he sold to Oracle for $1.2 billion in 2014. Roza, 53, according to one source, paid $200 million buying CrossFit Inc.

Connelly and Zuckerman go to war over Progenex before the ink even dries.

In May of 2010, Zuckerman brought suit against Connelly for breach of contract. Both said to have egos as large as the Grand Canyon, Zuckerman emerged victorious in 2013 after a three-year legal blood bath, winning all of Connelly’s shares for $1 dollar. But this is merely where the story begins. Progenex had become an industry leader and was about to go international, but Zuckerman had other issues looming.

Zuckerman was released from prison in late 2013 after beating trumped-up charges by the government, which led to a decade of secretive activities that to this day remain sealed by the Feds. It is believed that his 7-year relationship with the government prior to founding Progenex, not only assured Zuckerman’s early release but would make his government enemies into allies and Zuckerman forever untouchable.

After just 14-months, on October 14, 2013, Zuckerman was released from Terminal Island Federal Correctional Institution, expecting to retake control of the Progenex empire he had won from Connelly. But his chief underling, Ryan Page, who would be later sued by CrossFit for trademark infringement, along with Steve Shamion, a trusted investor Zuckerman appointed as temporary Manager to protect his assets had other plans. Shamion and Page saw dollar signs, and instead elected to conspire to steal Progenex from Zuckerman and his ex-wife, Patricia Robinson, who Zuckerman gave full control of Progenex through its managing entity, Amidah LLC, and 40 investors. (See related court transcripts).

Zuckerman met Page four years prior to founding Progenex, rescuing him from a company he ran into the ground in Las Vegas with Luke Adams, who currently serves as Progenex’ dirty CFO.

Zuckerman refers jokingly to Page as the M&M pirate – a tongue-in- cheek descriptor of Page, who would eat an entire large bag of peanut M&M’s in every meeting, and hides his identity as Progenex’ puppet master. Page is hidden from sight by design, and not merely to avoid a head on collision with the legal freight trains coming for him.

Page is anything but a poster boy for a global sports-nutrition brand that caters to an elite athletic market. He not only lacks expertise in the field or requisite credentials to develop these products, but bears no physical resemblance to the exclusive athletes the products cater to. Page is a fraud in every way, and continues to thwart authorities and the courts, after being found culpable for defrauding over 40 investors, pilfering Progenex corporate assets, and failing to turn over the company to investors and Patricia Robinson. Page, along with his entire family, Luke Adam’s, and Paul Gomez, Zuckerman’s ex brother-in-law, are all alleged to be co-conspirators, helping Page to scatter Progenex assets around the world in a hide and seek game of catch me if you can.

Page not only illegally controls Progenex, but has his hands in every pot, using sub-entities he owns and controls as the company’s vendors. From manufacturing to shipping and co-packing, Page created a tangled web used to fleece the company and its investors in every way, including changing the long-established website address from www.progenexusa.com to www.progenexfit.com, to the avoid seizure of Progenex assets ordered by the courts.

Paul Gomez, who started as a warehouse boy for Billabong, a global surf brand, under then CEO Bob Hurley, founder of Hurley International, sold to Nike, apparently contributed nothing more than t-shirts to the supplement maker, and serves as a pin up patsy for Page. Zuckerman describes Gomez as an “illiterate parasite that betrayed his entire family,” along with wife Stephanie, Patricia Robinson’s sister. Robinson remains to this day the rightful heir to the Progenex throne, where Zuckerman put the controlling entity, Amidah LLC in her name for safekeeping prior to serving his prison term.

Page viciously targeted Robinson after Zuckerman let the legal wolves loose on Page, blackmailing her to backdate documents that would disavow her control and rights to Progenex. When Robinson refused, Page illegally ceased paying her distributions from the company, along with the rest of the Progenex investors. Not a single investor has received a dollar in profit or return on their investment to date, while Page lines his pockets and continues to deceive and defraud Progenex customers.

To say that Zuckerman has been lurking in the shadows all this time related exclusively to the Progenex saga would be inaccurate. Zuckerman has been anything but inactive.

Zuckerman knew he needed to be patient. After Zuckerman’s release in 2013 as noted above, Page and Shamion, along with Dwight Beckstrand, Progenex’ now disgraced former corporate counsel, who faced domestic violence charges, instead of returning Progenex to Zuckerman as agreed, conspired to destabilize and oust Zuckerman.

Page began plucking off, one by one, Zuckerman’s internal founding team at Progenex while he was serving time. In a Lord of The Flies-esque corporate kill off, Aaron Thomas, who raised most of the early startup capital for Progenex from over 40 close investors and family, was the first to go. Then came Cameron Verdi, a close friend Zuckerman salvaged from the loan modification business, who would later attempt his own coup by high jacking Amidah from Zuckerman’s ex-wife Patricia Robinson with no legal authority.

Cameron Verdi, who imposters as a founder was nothing more than a mid-level employee who Zuckerman appointed as a Wooden Indian to manage Amidah LLC under his direction.

Zuckerman is well known for making outrageous public commentary without restraint. When asked, Zuckerman explains that he simply says out loud what everyone else thinks. Zuckerman describes Verdi as a “nobody opportunist, dumber than his dog,” which is a bold statement considering Zuckerman’s love of animals.

Per Zuckerman and according to filed corporate documents, Verdi lacks any legal authority as a decision maker for Amidah LLC, the controlling entity and largest shareholder of Progenex. Verdi simply vexatiously interfered and bungled efforts to retake control of Progenex from Page. Patricia Robinson, Zuckerman’s ex-wife is the managing member of Amidah, owning 90%, and more than 45% of Progenex in the aggregate. Robinson remains in legal control of Amidah and therefore Progenex.

Any significant actions on behalf of Amidah must be authorized by Robinson, including but not limited to, bringing and settling litigation. But Verdi, per Zuckerman is “an unscrupulous troglodyte, who took advantage of Robinson’s lack of sophistication and turned on his master, Zuckerman.” And worse, Thomas Frost, the San Diego lawyer retained by Zuckerman to take the case, allowed it, and refused to talk to his actual client, Patricia Robinson.

Not only did Frost fail miserably in court using Zuckerman’s airtight roadmap and evidentiary file of over 2000 organized documents, but allowed Verdi to subvert Robinson, who is his true client, causing a four-
year stall to retake Progenex from Page. Zuckerman indicates that Frost should have been sued for malpractice and disbarred. And so should Judge Margret Nagle, according to Zuckerman, who had been stymied for 4 years in finalizing her ruling for these very reasons. Zuckerman remains emphatic that Judge Nagle failed to do her job. According to court transcripts and per Zuckerman, Judge Nagle was as well dumfounded related to how Frost was able to proceed without Robinson’s authority. In fact, Judge Nagle asked that Zuckerman testify to these facts as part of a recorded testinomy soon to be published.

Progenex is no longer the patented formula Dr. Connelly invented. Page uses Glanbia Nutritional’s patented whey-hydrolysate, Thermax 690, in both More Muscle and Recovery, the company’s marquis products.

The Connelly/Zuckerman war suffered many casualties, among them MGC and with it WGFE – the secret sauce that made Recovery and More Muscle unique. MGC severed ties with Connelly after Zuckerman won the company back. The formula is not sold by anyone in the US currently, but Zuckerman plans to change that. Connelly and MGC had published significant science behind WGFE’s efficacy, while Page buried independent lab reports that prove Progenex products lack of efficacy, and are nothing more than overpriced cheap whey, along with label fraud claims. Zuckerman claims Progenex is a fraud, and anyone can buy Thermax 690 from Glanbia or competitive alternatives that are superior hydrolysates, and Zuckerman intends to make sure they do.

Zuckerman doesn’t want Progenex, just its customers. Making deals with Progenex competitors, he plans to introduce WGFE 2.0 to millions of Progenex customers who will fast jump ship as the truth comes out.

Armed again with deep pockets and a dream team of high-powered lawyers, Zuckerman has no intention of picking up where Progenex and the lawyers failed. Zuckerman has other plans, and intends to disclose the brands fraud, along with Page, and migrate millions of customers to a recognized industry leader and announce a its full suite of WGFE 2.0 alterative product for less. (Soon to announced)

Zuckerman had his plan, and knew timing was key. Waiting patiently for the statute of limitations to run out for the government, who had been hunting his war chest for a decade, Zuckerman has quietly amassed a new army while reclaiming his resources to strike.

In a 3-part live streaming interview, conducted by high-level CrossFit influencers, and redirected back to www.progenexuntold.com, Zuckerman will tell the entire story from start to finish to what is expected to be a significant audience. But it doesn’t end there.

Zuckerman wants the customers to know the truth about Progenex and Page, and understand that they are being ripped-off, lied to, and are lining the pockets of a thief, Page – who not only betrayed the market, but has harmed innocent people and their families. Zuckerman believes that customers will be outraged and abandon the brand for new options – a safe landing where Zuckerman holds equity and can repay investors. Zuckerman’s team of internet mercenaries are prepped to get the word out via Twitter, Instagram, email, Google, and even to cell phones of customers directly.

Stay Tuned for Part II of Untold : Zuckerman’s live streaming interview dates, surprise guest host, and the launch of www.Progenexuntold.com.

Alloy wheels factory 2023

Alloy wheel factory with jjjwheel.com: Mistake : take the wheel by “appearance”, ignore the hub parameters. The change of wheel hub style has an immediate effect on the appearance of the vehicle. But if only pay attention to the hub appearance did not pay attention to the hub parameters to match the original car data, it is easy to replace the hub and wing plate, calipers, shock scratch and even can not be loaded. The following important parameters of the wheel hub are related to the loading of the wheel hub, which needs special attention: Hole spacing (PCD) : must be exactly the same with the original car data. Offset: If the offset is not appropriate, the hub is easy to interfere with the shock absorber or wing plate. Center hole (CB/HUB) : If the center hole of the hub is small, it cannot be loaded at all. Size (Size) : the size of the modified hub should match the model. Too big or too small will have loading problems. See additional details at alloy wheels wholesale.

Jiangjin science and technology is a global leading wholesale alloy wheels manufacturer. JWHEEL alloy wheels wholesale company is located in Guangdong, Hong Kong and Macao Bay Area, an important node city of Jiangmen. With modern production facilities, we adopt the industry’s advanced casting, machining, painting and inspection equipment, equipped with automatic robots throughout the process, and with ERP system and other advanced management means, to create the industry benchmark for hardware, software and product quality. As we are also a wholesale alloy wheels manufacturer and supplier, we welcome bulk order inquiries.

One is size: don’t blindly increase the hub. Some people increase the wheel hub to improve the performance of the car. Under the condition that the outer diameter of the tire remains unchanged, the large wheel hub is bound to match the wide and flat tire. The lateral swing of the car is small, and the stability is improved. pass by. However, the flatter the tire, the thinner the thickness, the worse the shock absorption performance, and the greater the sacrifice in terms of comfort. In addition, the tires are easily damaged if there are some roadblocks such as stones. Therefore, the cost of blindly increasing the hub cannot be ignored. Generally speaking, it is most appropriate to increase one or two sizes according to the size of the original wheel hub.

Fuel vehicle: If you use fully synthetic engine oil, a small maintenance every 10,000 kilometers, a single cost of 600 dollar, then 100,000 kilometers need to be maintained 10 times, the total cost is 6,000 dollar, a major maintenance every 30,000 kilometers, a major maintenance Counting 1,000, 100,000 kilometers of maintenance 3 times, the cost is 3,000, so calculated, the total maintenance cost of 100,000 kilometers is 9,000 dollar.

The characteristics of high thermal conductivity of aluminum alloy wheels are extremely beneficial to the heat dissipation effect of the car tires due to high-speed driving, so that they are better than steel under the same conditions. It reduces the possibility of hot tires during long-distance high-speed driving, and significantly improves the safety performance of high-speed driving. It is easier to realize the “tubeless” of modern wheels. For a tubeless wheel, the original rubber inner tube is directly replaced by an aluminum rim. If a “puncture object” such as a nail is inserted into the outer wheel while driving, as long as it is not pulled out, it will not be removed. There will be an accident that the car rolls over due to a sudden flat tire like a tire with a tube. After a tubeless wheel encounters a “puncture object”, it can generally last for at least an hour or even longer, which is particularly important for the safety of cars driving on the highway.

Jiangjin alloy wheel manufacturers provide one-stop service starting from customizing R&D services, according to your drawings and samples to meet your special requirements, especially with our Flow Formed, automated coating line, helium leak detector system and automatic dynamic balance checking system. Customer care is our top priority job to provide all customers’ satisfaction and trust what we work for. We believe that superior customer satisfaction comes from superior product quality. Read more details on https://www.jjjwheel.com/.

Vehicle MOT servicing Reading, UK 2023

Top MOT auto solutions Reading, UK: You need to check on the quality of services before you proceed to hire a given car servicing center. There are some centers which are fully equipped and they will respond fast to your call and offer the necessary help you deserve. If you can check on the reviews which other car owners have left about their free collect delivery service , then you will know whether a given car servicing Centre can guarantee you a great service. Others will offer free collection and delivery services. If you are too busy, then you need to hire experts who will arrive at your home or business and collect your vehicle after which they will service and return it To you.

Every drive who receives these at the end of their test should not ignore them – they could end up as a serious problem with a much larger bill at the end of it. Advisories are a healthy reminder that something isn’t right – and leaving them until next year could end up leading to a failed MOT. Address the problem now and save money in the long term. Consider splitting your MOT and service If you are interested in getting an MOT and a service, then there are a few things to consider before booking. Sometimes you can get money off by doing both at the same time, however in some situations, by leaving your car a whole year before getting it seen to by a professional can lead to problems developing into a costlier state. Discover extra information at Mot near me.

It is not true because mobile mechanics are more affordable than going to the mechanic Garage shop. There are several benefits of hiring a mobile mechanic instead of taking your car to the repair Garage or workshop. In some situations, it is hard to visit the mechanic shop When your car is not starting.

How much does an MOT cost? The Vehicle and Operator Services Agency sets the maximum fee official test centres can charge for an MOT. It’s currently £54.85 for cars and motor caravans and £29.65 for motorbikes, but many garages charge less than this – sometimes up to 50% less. Search online for “cheap MOT” or “MOT discount” to find out how you can save money on your car’s next MOT. Top 5 simple reasons for cars failing the MOT test: Nearly two in five MOT tests are a fail first time. Yet often this is because of minor faults the owner could easily have fixed beforehand.

We take on insurance car body work reading including private car and commercial vehicle repairs for our customers that do not want to go through their insurance avoiding loosing their no claims bonus, car insurance is expensive so we fully understand you going down this route and are very happy to help where we can, we also undertake restoration work on vintage and modern cars. BodyWork Repairs Reading: The best Reading Automotive Car And Commercial Car Body Repair Centre in Reading Berkshire.

If you don’t have a garage, carport, or suitable driveway, perhaps you could arrange the use of a neighbour’s. A mobile mechanic may accept to work on your car on the roadside, but it really would be a last resort. Some may not mind, some might. If you’re having the service done near work, ideally it would be in a carpark or the like. Performing a service in places such as a city road, or in a busy shopping precinct, aren’t safe spots for the mechanic to work. Discover even more information on mot-centre.com.

Spending about $20 to replace the fuel filter can save you a lot of money on a fuel filter. Most experts recommend owners change the fuel filter annually to keep it in top shape. While this is a fast and inexpensive replacement, it’s a more advanced project not recommended for DIY. A professional can take care of the fuel filter when you take the car in for maintenance.

You need to check on the quality of services before you proceed to hire a given car servicing center. There are some centers which are fully equipped and they will respond fast to your call and offer the necessary help you deserve. If you can check on the reviews which other car owners have left about their free collect delivery service , then you will know whether a given car servicing Centre can guarantee you a great service. Others will offer free collection and delivery services. If you are too busy, then you need to hire experts who will arrive at your home or business and collect your vehicle after which they will service and return it To you.

Are Labour rates are one of the best in the industry less than half of the cost of man dealer rates yet supplying the same standard of workmanship at all times. We have many valuable customers in Reading and the surrounding areas of berkshire who are very happy with the service that we provide, but don’t just take our word for it please see our google reviews to see what our customers are saying about us. We work on all models of vehicles including petrol and diesel engines we also offer a car recovery service and we also have a Car Body Repair shop within our premises.

Dents, dings and chips in the car paint job are inevitable. When these occur and go unnoticed for some time, rusting starts and the car value goes down. On top of that, when such a car visits an auto shop, they solve the problem by sanding down all the dented and chipped parts, repainting and re-coating the entire body, which is a thorough job but costs a lot of money. What you can do to avoid such an expense is to find an expert who doesn’t cost much and repair the dents and scratches. Used car lots are the perfect sites where used cars arrive for resale. Find a local ding repair expert to avoid the hefty paintless dent repair cost.

Have you been driving and it feels like your car is veering towards the left or right? That may mean your tire pressure is off or you may need a wheel alignment. Another issue is that your suspension system may be in need of repair. Check your tire pressure, inspect tires for uneven wear and also compare tires. If tires are not wearing evenly or one tire is excessively more worn out than the others, bring your car in for an inspection.

A Car Recovery Breakdown Service Berkshire offers lots of services. Do not panic once you drive into a lake. There are powerful breakdown machines to pull your vehicle out in a fraction of the time. The towing company dries up your car and fixes other failures just to get you back on the road. This means that you will not necessarily seek an expert to diagnose your car. Towing companies can fix some mechanical problems as well.

Mot Reading and including Car Servicing in Reading on all makes and models,Based on our reliable and good value service we have established an excellent reputation throughout the Reading And Berkshire area. Our long-standing success has been attained through the quality of our work, friendly and helpful staff, and a fair and honest Car And Motorbike MOT testing policy to Match. We are currently running a special offer and for a limited time only, Car MOT’s are only £40.00 if you book online. Simply complete our Online MOT Booking Form and we will make the appointment for you!

One of the major advantages of using a mobile mechanic is convenience. They’re able to carry out the majority of maintenance and repair jobs when and where you need them. This also means that they’re flexible to your schedule – and can solely focus on your vehicle rather than a garage with several other cars having work done on them. They can travel to your home or place work whenever suits you – and can carry out the job while you get on with the rest of your day.

Top rated advantages to hire a fractional CFO from Sam McQuade CFO of Panterra Finance

Best advantages to hire a flexible CFO from Sam McQuade: A fractional CFO helps determine how to get you from where you are to where you want to go. Growing a business requires strategic use of capital. For many fractional CFOs, one of their most important contributions will be providing a financial forecast that will act as a blueprint to achieve the growth in the most efficient, accelerated, and sustainable way possible. With a short-term (next 90 days), mid-term (rest of this year), and long-term (next 3-5 years) view of the business, a company can better anticipate its trajectory and cash position or requirements. It can make it easier to manage through the lean times, help determine when and how to secure loans or investments, anticipate future owner compensation, and help plan and prioritize future business decisions such as staffing, production, geographical expansion, etc. See more info at https://www.linkedin.com/company/37029325.

The CFO function is evolving at lightspeed. With digital transformation and societal changes, the CFO role is rapidly turning into one of a “Chief Fiduciary Officer”, which is going beyond the traditional financials to look towards the future and lead long term value creation in a world of many unknown risks. Storytelling is a very powerful tool to engage and energize teams about value creation and potential pitfall areas. The traditional path of CFO usually starts with a solid foundation based on technical knowledge and then after about 15 years, the great leaders earn the coveted title.

Developing the Interim and Fractional CFO Concept with Experience: From the inside looking out, Sam McQuade continued to sharpen his skills and nurture the ideas and mission of Panterra Finance. He spent time in the executive suites of Dell, as a Finance Manager and a Financial Planning and Analysis Manager where he achieved a 400% revenue growth in the Swiss market. Other stops in corporate suites, each of which shaped the final innovative services offered by Panterra Finance.

Friends With Benefits is a decentralized social network. It allows users to connect with each other and share content. It allows the users to collaborate and create new content. Users may connect with individuals who share their interests in other cities through city-specific hubs. The more FWB tokens a user has, the more opportunities to meet and interact with others develop. This is a decentralized autonomous organization (DAO) that uses the power of the blockchain to adjudicate disputes. Kleros is a DAO because it is powered by smart contracts. The Kleros token (PNK) is used to incentive jurors to vote on disputes. When someone wants to submit a dispute to Kleros, they first have to deposit some PNK. If the jury rules in favor of the person who submitted the dispute, then they get their PNK back. If the jury rules against them, then they lose their PNK. Kleros can be used to adjudicate any kind of dispute. It has been used to adjudicate disputes in online markets, freelance platforms, and even in the sharing economy.

Selling your business or looking to buy others? Our experts can lead the deal and make sure that you have a thoughtful ownership transition. We are happy to provide second opinions on valuations as well so you have another perspective and feel better before your close the deal.

Understanding DAO: Now, suppose the same transaction happens on a decentralized network like the Bitcoin network. There is no central entity here. Both parties can interact with each other directly. The product is transferred from A to B, and $100 is transferred from B to A. This transaction is then recorded on a digital ledger which is available to everyone in the network. So there is complete transparency, and everyone knows that the transaction has taken place. This process of recording transactions on a digital ledger is what we call ‘blockchain technology.’ This is not limited to just financial transactions; it can be used to record any kind of transaction. Now that we know what blockchain is, let’s get back to DAO.

A full-time CFO may be a luxury few small businesses can justify. A feasible and recommended alternative to a full-time resource is a fractional CFO. This has the advantage of bringing a senior-level financial expert to the table but at a fraction the cost of a full-time resource. A fractional arrangement can work well indefinitely, and right up until a full-time CFO is needed. By basing key business decisions on relevant and accurate financial information, the business owner can avoid costly mistakes and reduce the risk of loss. Key decisions include those about financing the business, expansion or downsizing, whether to enter a new market or produce a new product; make or buy decisions and capital investments, to name a few.

Do you want to hire your very first CFO or need interim coverage? We offer CFOs for immediate very short term projects and longer term engagements. Customizable with fair pricing so you solve the needs of your business and don’t have to rush into a potentially bad solution and costly full time hire. Sam McQuade CFO is the Founder and CEO of Panterra Finance. This worldwide Financial Partner Solution services is a leading innovator in the new economy of scale offering a new executive suite model with the Fractional CFO and Interim CFO. The Panterra Finance team with expert Interim CFO executives and Fractional CFO services brings with it a global financial leadership team to the new world economy. Describing Panterra Finance in his own words, CFO Sam McQuade stated : As Founder/CEO of Panterra Finance, I am on mission to help guide businesses to achieve success through thoughtful strategic financial collaboration. Read even more information at Sam McQuade.

House cleaning service in San Francisco, CA 2023

Weekly house cleaning service in San Francisco, CA today? Community Involvement. We are involved. Our President has served on the Board of Directors of the worldwide association of this industry. We are also involved in the community, whether it be through Make-A-Wish, Koret’s Family House, Rotary International, Salvation Army or any other number of charities and non-profits. Our President was also Honorary Chairman of the Business Advisory Council in Washington, D.C. He has been featured on ABC News, speaking about the effectiveness of Green Cleaning products, featured in the San Francisco Business Times and quoted in the San Francisco Chronicle about our exceptional employment practices! He has also delivered many talks on this industry and about general best of breed business practices. Find even more information at house cleaning professionals San Francisco.

Anti-microbial treatment: The cleaning itself will kill most mold, mildew, yeast and other microbes, but it is practically impossible to kill all of them. The anti-microbial treatment creates a hostile environment for these microbes to reproduce and spread and will help control odor problems, extend the carpet’s useful life, and provide considerable relief to allergy sufferers. Anti-static treatment: Static electricity often becomes annoying in the winter, when heating systems dry out the air in our homes. Carpet manufacturers have responded by developing new finishes, fibers, and backings that prevent the build-up of static electricity. If you are having a problem with your carpet, the easiest, best, and healthiest remedy is to increase humidity with a humidifier.

Do you have a 100% Guarantee on Pet Odors? Unfortunately there is no way to completely guarantee 100% odor removal of any type. The reason is that the odor may not only be in the carpet but it could also be under the padding, on the cement or wood beneath the carpet. It may also be on the baseboards, drapes, walls, etc. Furthermore, one cleaning may not be sufficient to take care of a severe urine odor. In certain cases the carpet may have to be replaced and the subfloor treated and sealed. ***Pet odor that originates or extends BELOW the carpet backing (into the pad and/or subfloor) is not remediable with simple cleaning or topical (surface only) application of deodorizers. Remediation of deep contamination from urine is expensive and advisable only when the area involved is limited to a few square feet***

Cleaning is the removal of germs and dirt from surfaces, but cleaning does not kill germs. It merely removes germs and lowers the risk of spreading infection. Disinfecting is the process of using chemicals to kill germs on surfaces. This doesn’t mean dirty surfaces are cleaned or germs are removed, but by killing germs on a cleaned surface, disinfecting lowers the risk of spreading infection even more. “Wear disposable gloves when cleaning and disinfecting,” Bronstein said. “This will reduce the spread of germs from your hands to other areas of your house, car, or groceries.”

We have an awesome solution for you! And also a few cleaning advices … Though your carpet takes some caring for, the actual cleaning techniques are simple and easy to perform as long as you follow your contractor’s advice after the install. They are always the best source for maintenance. Overall, make sure you get to the stains as fast as possible, perform your daily maintenance, and have some extra swaths on hand that match your carpet: no matter how much you preserve your flooring, repair may be needed in the future. Just always remember that the result is well worth the effort. The safer and cleaner your carpet remains, the longer they last and the more comfortable they become. Specific Stains: For wine stains, blot them with club soda for proper removal. For other red dyes, use a solution of peroxide and water and rinse with a solution of vinegar and water. For food stains, simply spray shaving cream on them, allow it to sit, and it remove with vinegar and water. Discover even more info at https://www.marvelmaids.com/.

What Makes Us Unique? Employees You Can Trust Click Here to Apply for a Job! Our hiring and employment procedures are unmatched in this industry. It starts from the initial interviewing process all the way through to hiring. If any of our management would not feel comfortable having a certain applicant in our personal homes, we would not hire them. We do full research on all of our employees in terms of background checks, drug tests and credit checks. All of our employees are in fact employees – we are not a referral agency and as such all of our employees are covered under our workers compensation policies, liability insurance policies and all of the necessary payroll taxes are paid on our employees. Marvel Maids employees also receive great pay and a generous paid vacation policy, which is uncommon in this industry.

Best rated mobile mechanic vehicle services Reading, UK

Professional mobile car solutions Tilehurst, UK: What does a mobile mechanic do? A mobile mechanic can do most of the repairs and servicing you’ll need on your vehicle – all with the benefit of driving to a place of your choosing. Operating out of a van, rather than a garage, they can transport most of the necessary tools to carry out work on a vehicle to get it back in good working condition. In many cases, they can do all the work you’d expect at a garage, including common fixes, interior maintenance, coolant checks, oil changes, air filter modifications, battery replacements, and brake pad/disc work. Discover more info at mobile mechanic Reading.

The other very important detail is that the mechanic has the correct make and model of your car. They will have planned ahead, ordered and packed the parts needed to service your car. Any misinformation here will at the very least delay the service being performed on the day, or at worst result in the service needing to be re-scheduled for another day. In either case, there’s a strong chance that both you and the mechanic will be less than happy.

There are many reasons why your vehicle has failed its MOT – some serious, and others an easy fix. However, in some cases you can retake your partial MOT for free or a full one at a greatly reduced price. In all other cases, you will need to pay the full fee. According to the Government: “You only need a partial retest if you leave the vehicle at the test centre for repair and it’s retested within 10 working days. There’s no fee for this.” You will not have to pay for an MOT again after failing if you take it back to the same test centre before the end of the next working day.

Ask around before you take your car to a given Vehicle service centre. You need to get information from other people so that you can know whether the deals available in a given center are the best. There are several other car mechanics that have been offered the services. You need to check on the views of other people from where you can know whether the car service center can be the best for your given needs. There are close family members who may have been served by the service center before; you can get their advice so that you can know whether the service center can be of great help to you.

Headlights and indicators: front, rear, headlights (main beam and dipped), hazard lights and indicators. If any aren’t working, first check for broken bulbs and replace them. Brake lights: ask another person to check the rear brake lights come on when you press the brake pedal. Tyres: check all the tyres have at least the minimum legal tread depth of 1.6mm, or they’ll be marked as an MOT ‘fail’. This can easily be done with a 20p coin – see the diagram on the Tyre Safe website. Check for any damage such as splits in the tread, bulges or cuts in the sidewalls. Also check the tyre pressure is correct – the car’s manual will list the right pressure and they might also be on the sidewall of the tyre itself – and increase it at a petrol station if necessary.

In addition, our company is also capable of offering insurance claims assistance, alternatives on part options and even advice on appropriate repair answers. Our customers’ care desk and technicians within the company are always friendly when they speak to any kind of client that is they usually use clear kind of language when explain the technical processes.

Most car owners underestimate how important car battery maintenance is. Although your battery will run out of juice eventually, keeping up with it will extend the life. If you want your car battery to run smoothly, you need to make sure it has a good connection. Residue can build up and prevent your tire from starting. You can get battery-cleaning fluid at most auto parts stores. Removing the battery and cleaning the connections will extend the life and improve the connection.

Ask around before you take your car to a given Vehicle service centre. You need to get information from other people so that you can know whether the deals available in a given center are the best. There are several other car mechanics that have been offered the services. You need to check on the views of other people from where you can know whether the car service center can be the best for your given needs. There are close family members who may have been served by the service center before; you can get their advice so that you can know whether the service center can be of great help to you.

Try used car parts to save cost: Ideally, it is recommended to get new car parts in case of getting them replaced. However, this is not always the case especially if it is something as trivial as a side-view mirror or car headlights. Using second-hand car parts, in this case, will save you quite a few dirhams and it is not difficult to check the quality of such parts. On the other hand, if you plan to opt for a used electrical or mechanical car part, make sure you have an expert examine it before installing it. You don’t want a part breaking down right after you have purchased it resulting in more damage. You can easily buy used car parts in the UK with a variety available on dubizzle.

The Car Service Centre Reading is an established business that has a wide range of loyal customers throughout the Reading and Berkshire areas. Our reputation for providing an honest, professional and cost-effective service has grown through recommendation for over twenty five years. We offer all kinds of car repairs and we are your one stop shop for all Car Services that you will or may require. We Can offer a Courtesy Car for our Customers that have booked their car in at our garage that cannot be turned round or repaired within 24 Hours.

Driving on the highway can be brutal on your car’s body and paint. Rocks and pebbles fly up hitting your car, with some chipping paint or even cracking your windshield. A chipped or cracked windshield can spread causing your windshield to shatter. Any crack or chip in the windshield can spread. Yet, most people fail to inspect their tires until it’s too late. They discover their tires are in need of repair or replacement when they have a flat or a tire blows out.

We Also Offer A Car Disposal Service To Our Customers SO Please Phone or email US with your Details and we will do our level best to help you out. Car Recovery Service 24 Hour- Your Roadside Help and we can also arrange a Car repairs service for you if necessary at our Garage and we will also offer you a 10% discount for any work that is repaired at our garage please ask us for details. If you own a vehicle, you definitely know what automotive trouble can mean. If you find yourself in such a situation, what should come in your mind is a trusted car recovery service. Car recovery services in Reading Berkshire can come to your rescue in no time at all once you contact them. Find extra information on here.

It is problematic to leave your car in case of the towing fee, The situation is the opposite when you call the mobile mechanic. There are several benefits of hiring a mobile mechanic instead of taking your car to the repair Garage or workshop. It is hard to take your vehicle to the mechanic Garage without having to pay for the recovery of your vehicle.

Thermal printer factory right now

POS printer factory today? POS system hardware seems to be a must device if you have a business. It helps to process your cusotomers’ orders and you can also attain valuable data, helping to understand your customers’ demands and manage your vendor. But to some extent, POS hardware is a big investment, especially you are a start-up. Can you create your own POS hardware? Building Your Own POS with Android Phone ? In fact, it is easy to build your simple POS system with your Android phone since there are so many POS App available. Before building your POS, you may purchase a portable receipt printer or a desktop receipt printer that helps to print shopping receipt for your customers. Discover extra details at thermal printer supplier.

Wax ribbons is made from mainly Wax (7-10% resin including also). Its printing quality features: moisture, rich blacks and low print temperature. It is recommended to print on coated papers, uncoated paper This type of ribbon contains nearly 50% was and resin respectively. Because of this, its printing quality is scratch and abrasion resistant. If you want to print on polypropylene label paper, wax-resin ribbon is your ideal selections. Resin Ribbon mainly contains Resin. With Resin ribbon, you can not only print dark and sharp images but also ensure the printed labels free from the damage caused by harsh environments.

Faster receipt print mode: Most of 2-in-1 thermal printers on the market only supports 90 mm /s print speed. XP-Q301F supports Max. 220 mm/s , which beats most of the printers in its category. And it is even faster than many of POS thermal receipt printer 80 mm. It is convenient to switch barcode sticker printing mode and pos receipt printing mode in XP-Q301F since you do not have to connect it to your computer. All it can be done in the printer.

Supermarkets and Grocery Stores: It is hard to image a supermarkets and grocery store do not have thermal printers. Weighing scales are all equipped with embeded thermal printer. Health Care: Another field where thermal printing is used extensively is the health care field. Doctors use mobile thermal printers to write their prescriptions making pharmacist life easier. Prescriptions printed by a thermal printer are clear bright and nobody have problems reading them. Transfer thermal label printer prints with ribbon which will add the cost when you use it. But with ribbon printing, the label can resist the effects of being in a high temperature or other harsh environments which keeps as clear as if it is just printed, especially using Resin-made ribbon.

Xprinter Group, which has focused on printer for 16 years. With the development of the company, our corporation obtained ISO9001:2015 international QMS certification. Our products have obtained CCC, CE, FCC, RoHS, KC, SAA, BIS, BSMI certifications for safety. By producing high-reliability quality printers with competitive prices, we are now serving over 200 countries and regions worldwide. Xprinter adheres to technological innovation. We have obtained hundreds of national patents by spending 10% of turnover each year on R&D and a rich experienced technical team. Opening 130-180 sets of mold every year, which make us have fast-updated products. As an outstanding OEM & ODM supplier, Xprinter aims to be “The World-class Manufacturer and Service Provider of Receipt Printers”. Motherboard design and manufacture: After the drawing confirmed, we will sign a contract and letter of authorization. Then we start to make the sample. Discover more info on https://www.xprintertech.com/.

Excellent zipper cutting machine manufacturer today

Budget luggage bag machine supplier from China? Zhenyu zipper machine has complete slider mounting machines. Metal zipper slider mounting machine, nylon(cfc) slider mounting macine, plastic zipper slider mounting machine and invisible zipper slider mounting machines. Slider shape: It apply to auto lock sldier, YG slider, big or small fancy puller sliders. Zhenyu zipper slider mounting machine manufacturers produce fully automatic slider mounting machines with high quality and stable performance competitive prices.

As a professional manufacturer & direct factory of metal zipper polishing machine, ZHENYU zipper machine has differnt type of metal zipper polishing machines, like 8 round, 12 round, 16 round and 24 round of zipper surface polishing equipment. Fully auto 8 round zipper polishing machine is apply to metal zipper tooth head polishing. Automatic 12 round is valid for flat teeth zipper polishing, zipper teeth are polished from the direction of the vertical and horizontal, ensure a complete and smooth teeth. Currently this is the only polishing machine we sell. Y teeth zipper polishing machine 16 round is apply to Y-type teeth polished. 24 round is normally apply to long chain zipper teeth polishing.

These are short nylon coil zippers (7? usually); also called pants zippers in my part of the world – because this is the type of zippers used on a pant fly. They are made of plastic with polyester sides; can also have nickel teeth. You can use them on skirts, pillows, purses and blouse backs. There are special zippers in which the teeth is enameled to match the tape. They usually have a stopper at the bottom to prevent them from getting separated. If you have a zipper in which you have cut out this stopper you will have to manually sew the zipper teeth together to prevent them from separating Special extra-study brass zipper teeth ones are used for jeans, work pants etc. Discover more details on zip machine.

Zhenyu is a zipper stripping and removing machinery manufacturer over 30 years. Zipper gapping machine and stripping machines are widely used in metal zipper, nylon zipper, plastic zipper and invisable zippers. Machine is individual when gapping differnt type of zippers.There are type of gapping machine for operation: Computerized touched screen and hand adjusted for gapping length. The advantage for ultrasonic zipper punching (making) machine is it with more lower noise.Punching machine also apply to three kind of zippers, metal zipper, nylon zipper and plastic zippers.

ZY zipper machine manufacturer are engaged in the production of metal, nylon, plastic and invisible zipper machines based on the principle of independently mastering the core of technology and adopting the processing technology and methods of international standards. Technology plays a important role in taking business to new heights in nowadays, it is the foundation stone of success. With the principle of grasping technology core indenpently, adopting the processing technology and method of international standard. See additional details on zipper-machines.com.

High quality vehicle oil and filter service company these days Reading, UK

Oil and filter van service and Mot testing top provider in Reading near me: Check your windshield wipers: Windshield wipers are the last thing on your mind until it’s too late and you’re caught in the rain. When they go bad, it can dramatically affect your vision and ability to drive safely. To avoid a lack of vision, check your windshield wipers regularly and watch out for any warning signs that point to a loss of effectiveness. These signs included squeaking, chattering while on the road, streaks and wet spots. The Family Handyman recommends replacing your windshield wipers on a regular schedule, typically every six to 12 months. Find additional info at Book Mot Reading.

This makes them impartial when inspecting your car – there’s no commercial incentive to find problems with it. For a list of local council MOT test centres that don’t carry our repairs, visit the website. Once a car is three years old (four years in Northern Ireland) it must be tested each year to check it meets road safety and environmental standards. This Ministry of Transport test is commonly known as an ‘MOT’. MOT tests are carried out at around 21,000 authorised test centres around the country, all of which display an official blue sign featuring three white triangles.

An MOT is a legal requirement after three years. Without it your insurance is invalidated, and you could be fined. There’s another important aspect to the MOT. It proves that your car is roadworthy, and safe to drive. Vehicles have a lot of stresses put upon them. As they age the chances of parts wearing or failing increase. An MOT test can help to spot problems before they occur. Call Tilehurst Service & MOT Centre today. We perform fair and thorough MOTs for all cars and motorbikes.

Aside from all the tips included in this list, car owners should take their car to a mechanic for a general checkup. If you bought the car at a dealership, they might send you a reminder in the mail to take your car for a checkup. During these checkups, they might inspect the car exhaust, flush the cooling system, and replace any parts needed, such as brakes, valves, and hoses. Regular checkups are in general pretty low cost and can ensure your car is in great shape for years to come.

Berkshire, UK? When you come to sell the car, having a full service history will make it more appealing and boost its second-hand value, and if your car is written off, an insurer is likely to pay out more for a car with a full service history. Don’t forget to take your car’s service booklet (often found in the same pouch as the handbook) to the garage or dealership, so they can stamp and date when the service was carried out. A growing number of cars come with no service record or handbook, but the servicing agent should be able to log into the car maker’s online portal and add in information about the service that has been done.

Full Car Servicing: This is a 52 point check list starting with replacing your engine oil and oil filter including air and pollen filters fuel filter on diesiel cars and spark plugs on petrel cars all under bonnet fluid checks plus all road wheels are removed and a report given on your brake discs and pads and a brake adjustment whee neccessary adjust handbrake check all tyre wear check suspension exhaust and underbody of the vehicle and a overall visual check. To recieve any advice or Vehicle related problems please email us on repairs@mot-centre.com or simply telephone us on 01189581198.

During the summer months, dust and debris settle on your windshield, restricting your visibility. This is indeed dangerous as it makes you more prone to making mistakes and getting into accidents. Therefore, you should ensure that your windshield is clean. If your windshield wipers are leaving marks or not effectively keeping the windshield clean, you should get them replaced.

If you’re worried about Oil Change Sevice Tilehurst or any of these things, just remember that without periodic service, you’re putting the continued reliability of your car’s performance at risk. The old saying goes, “if it ain’t broke, don’t fix it” and that is true to some extent, but if you do hear the odd whirr, thud or bump while driving, it’s best to drop your car in for a service. You never know, that tiny niggle may just grow to be a major and very expensive inconvenience in the very near future. If time is a constraint, contact your local service centre or dealer and ask how long it would take if it’s just a periodic service. Read even more information at carservice-centre.co.uk.

Fix wipers: Defects in windshield wipers not only affect the vision of the driver but also endanger the safety of all. Make sure you avoid driving under such conditions and get the wipers repaired whenever necessary. Wipers are used the most in the monsoon season.

There was a time when a paper MoT certificate was a vital document, and the police would routinely ask to see it during traffic stops. Nowadays the information is stored on a national MoT online database and the paper MoT issued after your test is simply a statement of whether your car has passed or failed. It can be a handy document for when it comes to sell your car on as it shows its service history, and it’s also a useful reminder of when your test is coming around again. However, if you’ve mislaid the paperwork – which is easily done – you can check your car’s MOT status (or the MoT status of any vehicle) by searching for the phrase ‘when’s my MoT due’ online.

Yes, it’s your car’s bible! Knowing where to find information quickly can help in identifying causes when trouble arises. You may even be able to avoid a trip to the auto mechanic in the first place if you discover that your “problem” stemmed from not understanding your car’s controls. Beyond knowing the make and model of your vehicle, it also helps to have the specific trim level on hand for the service technician, as that often identifies the engine size and configuration, transmission and other included features that vary across the model line. Be aware of your exterior paint and interior color codes in case body or upholstery repair is necessary. Keep your vehicle identification number (VIN) available, as this code will likely be required when scheduling service.

Hungarian-British entrepreneur Barbara Jarabik talking about Hungarian property market evolutions in 2023

New Hungarian property market trends in 2023 by Barbara Jarabik: According to Hungarian-British entrepreneur Jarábik Barbara a big change is coming to the Hungarian real estate market in the first quarter of 2023. It is very like that there will be a lot of properties that will see their market value decreased. Within a few months, the Hungarian real estate market will also adapt to international market trends, which are clearly on a downward path. Because of US and EU central banks rate hikes the wave of high cost credit has reached most of the markets and the Hungarian real estate market is no longer an exception.

Nationwide, the average price of new homes was HUF 45.6 million (€107,862) in Q1 2021, while second-hand home prices averaged HUF 22.8 million (€53,931). After falling in 2019-20, demand has bounced back strongly last year. The total number of second-hand homes sold rose by 13.8% to 142,138 units in 2021 from a year earlier, a sharp improvement from annual declines of 14.3% in 2020 and 5.7% in 2019. In fact, foreign demand is now recovering, amidst weakening forint against the euro.

There were only 8,326 residential transactions closed in Hungary in October 2022 which is the lowest figure for the month since 2012, brokerage firm Duna House reports. October appeared to be the weakest month this year in terms of the number of transactions and mortgage loans taken out from commercial banks. Buyers took HUF 68 billion in October which is 37% lower than a year ago

BarbaraJarabik-Hungarian-property-market-trends

There is no such scenario where the price of real estates cannot fall even further and the price of several forms of investment and assets is falling because the market affects it. Until now, it was a high demand market, but now the market has reached an inflexion point, which is only further supported by the fact that big utility costs are also a consideration when buying apartments. In the last period, demand and supply roughly equalized each other. However, in the last two or three months, the situation changed. There are more advertisements than interest in properties, and demand has decreased.

Towns and villages in the counties around Lake Balaton are also sought after, representing about 11% of foreign demand. Home purchases by foreigners plunged in the past two years, mainly due to pandemic-related travel restrictions. But before the Covid-19 pandemic, foreign homebuyers had been steadily rising in Hungary – from 3,207 purchases in 2017 to 3,529 purchases in 2018 and finally to 3,753 purchases in 2019. Chinese citizens accounted for more than half of the total, followed by EU citizens (22%), primarily Germans. Other large groups of buyers were Israelis (11%), Russians (4%) and Turks (2%).

After the higher utility bills (a direct effect of international energy market situation combined with the major conflict in Ukraine) , the first significant move of the real estate market may come in February 2023. The real estate market has split into energy-efficient and inefficient properties. The price of energy-efficient properties may increase at a nominal level, but at the same time, we may be in trouble in real terms. The prices of new apartments, which have produced the greatest growth in recent years, are starting to lag behind the increase in real value.

However, according to Hungarian-British entrepreneur Barbara Jarabik, there are enormous opportunities from an investment point of view. This moment could be the long awaited opportunity for major players (investment funds and individual entrepreneurs) to step in. If someone buys the properties in poor condition for a good price, renovates and modernizes them, they can sell the properties with lower utility costs.

By end-2021, nearly 192,000 families had already benefited from this program, receiving a total of HUF 467.4 billion (€1.1 billion). The average amount of loan per disbursement was HUF 2.4 million (€5,652). As a result of the surge in demand residential construction rose sharply, almost half the new supply being in Budapest and Pest. In 2020, the total number of newly built dwellings in Hungary soared 33.5% y-o-y to 28,208 units despite the pandemic, following annual rises of 19.5% in 2019, 22.9% in 2018, 44% in 2017 and 31.3% in 2016, based on KSH figures analyzed by Global Property Guide. However in 2021, newly built dwelling fell by 29.5% y-o-y to 19,898 units, amidst rising material costs.

After the government’s changes in its utility price cap scheme, it became more difficult to sell non-insulated or poor-insulated, big, family houses consuming a lot of electricity and gas. That trend is almost non-existent in the case of small apartments located in Budapest. Investors would like to buy small, cheap apartments to renew and realize considerable profits by selling them. Demand for real estate loans fell significantly. In the past, 60% of the buyers used loans for purchases. This rate has been reduced to only 15% currently.

What 2023 will bring the Hungarian real estate market? Most of the experts (investors, entrepreneurs and real estate professionals) expect an overall price decrease. That will be the lowest in downtown Budapest (maybe around 4-5 percent), while nationwide it will probably be around 10-12 percent. The biggest price hits will be taken by family houses. Their price is expected to decrease by 16-20 percent in 2023. However, this will be, probably, the last big opportunity to buy low and sell high. After inflation growth will slow down in late 2023 and the central banks will start to lower the base credit rates we could expect a sustained upward price trend from 2024. Find even more information at Barbara Jarabik.