After 2010, several market-friendly measures had been introduced in Hungary, which – coupled with the increased growth potential of the economy – resulted in lower costs at enterprises. By now, Hungary has become the most attractive country in terms of labour costs for the subsidiaries of corporations from EU member states, and it was also Hungary where unit administrative costs saw the largest drop within the Visegrád Four. It is also Hungary where starting a business is the fastest and cheapest and the obtaining of a construction permit takes the shortest period of time. The country has also made progress with regard to corporate taxes. Hungary tops the ranking concerning the time and costs of obtaining export licences. Practically, there has been improvement in every segment of the Hungarian economy and that may facilitate a successful economic policy in the coming EU fiscal period.

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(Ministry for National Economy)