Hungary has made the transition from a centrally planned to a market economy, with a per capita income one-half that of the Big Four European nations. Hungary continued to demonstrate strong economic growth and acceded to the European Union in May 2004. The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms are widespread, with cumulative foreign direct investment totaling more than EUR 48bn since 1989. Hungarian sovereign debt was upgraded in 2000 and together with the Czech Republic holds the highest rating among the Central European transition economies.
Consider the inexpensive and skilled workforce, convenient location with access to EU markets and more…
The recent accession of several CE countries into the EU have created many opportunities for foreign investors.
Learn more on our specialised service line focused on the specific needs of foreign direct investors.
Identify some of the most relevant issues facing a foreign investor during the start-up period.
Besides the benefits that investing in the region brings, there are challenges like bureaucracy or recruiting.
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Other Central European countries
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