Hungary’s position improved in fifteen of the twenty sub-factors of the ranking.
The greatest progress was achieved in the areas of technological infrastructure and institutional environment. The best results were in foreign trade, prices, and research infrastructure.
In a survey of executives, most respondents identified skilled labor as Hungary’s most important asset, followed by the competitive tax system, reliable infrastructure, and price competitiveness.
In the Eastern Central European region, Hungary ranked sixth out of the 11 countries surveyed, ahead of Poland, Romania, and Croatia.
Overall Hungary was also ahead of Greece and Croatia and moved closer in catching up to Slovenia and Italy.
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