Balázs has been working at the University since 1995. His current teaching activities are mainly related to regional studies – regional economics, policy, programming. His current research is focused on regional policy in the EU after 2014, locally based economic development and theories of economic growth and development at the regional level, including:
- financial geography: financial centres and the spatial aspects of capital flows in the new millennium, the mechanisms governing the spatial spread of the financial crisis
- economic and regional development and regional policies of Germany, the USA, Great Britain, Spain, Romania, Poland and China
- regional policy of the EU after 2014
- regional economics: endogenous and competitive development theories.
Balázs is currently writing a book on the relationship between economic modernization, crisis management and urbanization, analysing a number of countries as examples.