According to the Ease of Doing Business Benchmarks 2015, Hungary ranks 54th among 189 countries in terms of state regulation of business, having risen 4 levels compared to 2014.
Hungary remains one of the most open “transitional” economies of Central and Eastern Europe. The level of Hungarian exports is 95% of GDP. With this in mind, Hungary is an important part of the “global value chain” in international production processes, in which the industrial products exported from Hungary are an integral part of the goods exported by other countries.
The interest of international investors in government securities has recently increased significantly, but it is not stable against the backdrop of low yield and a relatively low level of sovereign credit ratings of Hungary. In March 2015, S & P raised its sovereign rating by one point, and in May 2015, Fitch confirmed Hungary’s long-term rating at BB + level, changing the outlook from stable to positive.
The most developed branches of the Hungarian industry, which account for 90.6% of the country’s total industrial output, are the manufacturing sector, incl. (42.6%), the food industry (15.0%), and petrochemicals (13.8%). Large enterprises (employing more than 300 people) produce 2/3 of all industrial products, and the concentration of production continues, especially in machine building, power engineering and petrochemistry. The national industry largely depends on the state of the world market: 52% of all industrial production goes for export. Large enterprises export from 60% to 80% of the output.