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Hungary top scorer in EBRD Transition Report

The European Bank for Reconstruction and Development (EBRD) has given Hungary the highest score in an annual assessment of economies in Eastern Europe and the former Soviet Union.

The EBRD gave Hungary a score of 3.96 on a scale of 1 to 4+ in its Transition Report 2008, which evaluates four areas - the corporate sector, the trade market system, the financial sector and infrastructure - based on nine criteria, among them privatization, competition policy, rate policy, bank reform and exchange rate system.

Hungary was the only country to score a 4 - albeit a -4 - in the infrastructure category.

The EBRD projected Hungary's economy would grow 0.5% in 2009. It put CPI at 4.0%. (MTI – Econews)