WEF global competitiveness report shows Hungary improving

History

The World Economic Forum's Global Competitiveness Report 2011-2012 ranks Hungary in 48th place, up four notches from last year, the director of Kopint-Tárki, reports Realdeal.hu quoting WEF's Hungarian partner.

Éva Pálocz said that Hungary had been improving its position continually since 2008. The positive elements of Hungary's competitiveness are good infrastructure - better motorways and infocommunications - flexible labour market, and good cooperation between universities and companies.

Negative influences on Hungary's competitiveness result from high tax burdens, poor access to EU funds, excessive state participation and low public trust in politics, Palocz said.

Topping the list are Switzerland, Singapore and Sweden. In the central and eastern European region, the Czech Republic leads in 38th position, followed by Poland in 41st. Hungary is trailed by Slovakia, in 69th place.

In the list of 142 countries, Hungary is at 130th place when it comes to public trust, according to the report.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.