The Centre for Economic and Regional Studies of the Hungarian Academy of Sciences was established on January 1, 2012 with the merger of the Institute of Economics, the Regional Research Institute, and the Institute of World Economics. The basic activity of the Centre for Economic and Regional Studies is the scientific analysis of the Hungarian economy, the international economic and political environment, and of economics in general. The Centre undertakes theoretical and empirical studies in the fields of national and world economics, in regional processes and in other interdisciplinary areas of the Social Sciences. The Centre publishes and promotes new research results, develops the scientific tools needed for research and also the databases appropriate and necessary for economic and regional research projects. It formulates conclusions and recommendations for policy matters, develops and participates in Master and PhD university training programmes and in the development of the curricula relevant to the areas of science in which the Centre operates. The Institute of Economics, the Institute for World Economy, and the Institute of Regional Studies remain independent in their scientific activities.