Hungary Advances Six Places on WEF’s Global Competitiveness Index

Hungary ranks six places higher on this year’s World Economic Forum Global Competitiveness Index, currently occupying 52nd place.

Low customs tariffs, short start-up times for new ventures, and extra safety for foreign property emerged as the country’s main strengths, while external debt reduction and tax level cuts seem to be necessary actions to improve the country's overall ranking.
The report qualified Poland (39th), Hungary (52nd) and Slovakia (60th) among the countries in transition towards the highest level of economic development.

News Monitoring