Hungary climbs to 48th place in WEF global competitiveness ranking
Hungary has climbed to 48th place from 52nd in this year's World Economic Forum (WEF) global competitiveness ranking, Eva Palocz, CEO of economic researcher Kopint-Tarki, the WEF's Hungarian partner, said on Wednesday.
Hungary's place on the ranking has improved every year since 2008, helped by good infrastructure, a flexible labour market and cooperation between businesses and schools in the area of education, Ms Palocz said. Hungary's weak points remain high taxes, the difficulty of accessing public funds, the big role of the state and the public's lack of trust in politicians, she added.
Hungary ranked ahead of neighbouring Slovakia, in 69th place, but behind the Czech Republic, in 38th, and Poland, in 41st.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
