Doing Business in Hungary 2020 edition

Dec. 9, 2020 Hungary

This comprehensive guidebook for foreign investors should provide objective economic overview, accounting and tax principles, as well as, company formation process.

The economy of Hungary is a high-income, mixed economy, ranked as the 10th most complex economy according to the Economic Complexity Index. Hungary is a member of the OECD with a very high human development index and a skilled labor force, with the 13th lowest income inequality in the world. The Hungarian economy is the 57th-largest economy in the world (measured by the IMF) and ranks 40th in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world.

Hungary continues to be one of the leading nations in Central and Eastern Europe for attracting foreign direct investments. The key trading partners for Hungary were Germany, Austria, Romania, Slovakia, France, Italy, Poland and the Czech Republic. Besides, Hungary is the largest electronics producer in the CEE.


If you require any further information, please feel free to contact our colleagues:

Dan Ledvinka

Group Business Development Director
ASB Group
+420 724 377 998

Attila Szedmák
Managing Director
ASB Hungary