Overcoming the global economic crisis the Hungarian government has set Hungary on a balanced and sustainable growth path. Recent governmental measures contributed to the reduction of the country’s vulnerability and strengthened confidence in the Hungarian economic policy. Hungary’s central location makes it a favourite destination for foreign investors who intend to expand their operations in Central and Eastern Europe. The country’s telecommunicatons, transport and logistics infrastructure, and the quality of education and life have attracted large amounts of foreign investment to Hungary in recent years. The capital, Budapest, is the center of the country’s economic activity; however, the main cities are also gaining an increasing role. The country’s favorable geographical location places it at the crossroads of main commercial routes. From Hungary, a market of some 250 million people can be reached within 600 miles (about 1000 kilometers). EU accession in 2004 brought both commercial and regulatory advantages. Becoming an EU Member State brought a free trade system, the free movement of goods, services and labour, as weel as capital. Another strenght of Hungary is its well-qualified labour force. Due to the high standards of its education system, the country has a highly skilled and talented workforce, with professional foreign language skills and relatively low wage requirements.

Related pages:

Ministry for National Economy

The Central Bank of Hungary

Hungarian Central Statistical Office