Doing Business in Hungary: 2014

October 29, 2013

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Doing business in Hungary: 2014

The World Bank and the International Finance Corporation published the eleventh edition of the Doing Business Report today.

Assessing regulations affecting domestic firms in 189 countries, the report ranks each economy in ten areas of business regulation. The 2014 report covers regulations measured from June 2012 through May 2013.

To read the Doing Business 2014 Full Report (.pdf), click here. To read the Doing Business 2014 report on Hungary (.pdf), click here.

Is Hungary performing better?

Hungary has seen a notable improvement since 2011 with an overall improvement in rankings by 39 places. However,

  • Hungary’s rank in “Starting a business” weakened by 5 points from 2013. Since 2011, Hungary’s rank has weakened from 35 to 59, down 24 points.

  • In “Dealing with Construction Permits” the country’s rank has weakened by 1 since 2013.

  • In “Getting Electricity” Hungary’s rank weakened by 1 place, dropping from 111 to 112 since 2012. Its ranking in this category has diminished since 2012, with its ranking dropping 9 places from 103.

  • “Registering Property”- Weakened results dropped the country’s ranking 2 places since 2013, from 43 to 45. A trend of weak results in this category has seen the country’s rank drop from 41 to 45 since 2011.

  • “Getting Credit” weakened results pushed Hungary’s ranking down three places since last year, from 52 to 55. A decline in this can be seen since 2011, driving Hungary’s ranking down 23 places.

  • “Protecting Investors” – Hungary’s ranking weakens by one place since 2013, from 127 to 189. An overall weakening in regulations protecting investors has seen Hungary ranking drop 8 places since 2011.

  • “Paying Taxes – Down 6 places since 2013, Hungary’s rank has weakened from 118 to 124. A weakening trend has seen Hungary’s rank diminish since 2011, dropping 15 places from 109 to 124.

  • “Trade Across Borders”  – There is no improvement since 2013 although Hungary has improved its ranking by 3 places since 2011.

  • “Enforcing Contracts” – There is no improvement since 2013 although Hungary has improved its ranking by 7 places since 2011.

  • “Resolving Insolvency” – Weakened results dropped Hungary’s rank 1 place since 2013, from 69 to 70. Hungary’s ranking in this category has dropped 4 places since 2012, from 66 to 70.

 

Indicator (Year)

2014

2013

2012

2011

Starting a business

59

54

39

35

Dealing with Construction Permits

47

48

55

86

Getting Electricity

112

111

103

Registering Property

45

43

43

41

Getting Credit

55

52

48

32

Protecting Investors

128

127

122

120

Paying Taxes

124

118

117

109

Trade Across Borders

70

70

74

73

Enforcing Contracts

15

15

19

22

Resolving Insolvency

70

69

66

 

Annual Doing Business Full Reports can be accessed below:

Doing Business 2014

Doing Business 2013

Doing Business 2012

Doing Business 2011

Doing Business in Hungary can be accessed at the following links:

Doing Business Hungary 2014 Report and Country Tables 2014

Doing Business Country Tables 2013

Doing Business Country Tables 2012

Doing Business Country Tables 2011