Hungary

Hungary has a mixed economy with elements of both capitalism and socialism. The country has undergone significant economic reforms since the fall of communism in 1989, including privatization of state-owned enterprises, foreign investment, and market liberalization.

Hungary

Hungary has been experiencing a steady growth in its economy over the past few years. With a focus on boosting entrepreneurship, the government has implemented several measures aimed at supporting small and medium-sized enterprises. These measures have resulted in an increase in the number of new businesses being established, which in turn has created job opportunities and contributed to the country’s overall economic growth.Hungary has a well-developed infrastructure, which has attracted many foreign investors. The country has also made significant investments in the development of its transportation and energy sectors, further boosting its economy.

55.

Easyness of doing business

32.

Expat friendly ranking

13.

Global peace index

Top 5 Export Countries

  • Germany ($37.60B)

  • Italy ($8.24B)

  • Romania ($7.45B)

  • Slovakia ($7.31B)

  • Austria ($6.40B)

Top 5 Import Countries

  • Germany ($33.02B)

  • China ($9.83B)

  • Austria ($8.4B)

  • Slovakia ($8.16B)

  • Poland ($7.94B)

Top 5 Export Industries

  • Automotive industry ($13.1B)

  • Pharmaceutical industry ($5.5B)

  • Information and Communication Technology (ICT) industry ($4.6B)

  • Food and beverage industry ($3.7B)

  • Machinery and equipment industry ($3.2B)

Top 5 Import Industries

  • Automotive industry ($11.7B)

  • Machinery and equipment industry ($9.7B)

  • Chemical and pharmaceutical industry ($7.6B)

  • Oil and gas industry ($5.5B)

  • Food and beverage industry ($4.3B)

To make things neat, we have bundled company set-up procedures for you

Essential

1,250
  • Limited liability company formation
  • Virtual office address for the first 12 months

Comprehensive

2,350
  • Everything that is available in the Essential Bundle
  • + Monthly accounting and annual closing for the first year

Consultation

45/ 50 minutes
  • Concierge services
  • Information and advice

Resources