February 1, 1998

Capital flow to Hungary still unmatched in Eastern Europe

Since 1989, Hungary has been a leader in the Eastern European transition from a socialist command economy to a market economy, due to its initial economic reforms during the Communist era.

Since the country was never a loyal member of the “eastern bloc,” Hungary remained independent in mind and spirit. Its strong commitment to market reform and its openness

to foreign direct investment has since resulted in foreign capital flow into the country at a rate still unmatched by neighboring countries.

Hungary’s progressive attitude and hard work have resulted in a “commercial…

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