World Bank: Hungary business environments competitive with rest of EU

Hungarian cities outperform the European Union average in a number of areas of doing business, according to new a report by the World Bank presented in Székesfehérvár, in central Hungary, on Tuesday.

The report entitled Doing Business in the European Union 2017: Bulgaria, Hungary and Romania, which was presented by Thomas Bender, a head of unit at the European Commission, surveyed the business environments of 22 major cities in Hungary, Bulgaria and Romania. It focused on five areas: starting a business, dealing with construction permits, getting electricity, registering property and enforcing contracts.

It found that the Hungarian cities involved in the study outperform the EU average in property registration and commercial dispute resolution but lag behind in areas like starting a business or receiving construction permits. The study surveyed seven Hungarian cities: Budapest, Debrecen, Győr, Miskolc, Pécs, Szeged and Székesfehérvár.

Hungarian cities hold the top spots in four of the five categories in the current study, Bender said.