Hungary ranks 47th on WEF competitiveness index

Hungary took the 47th spot out of 141 countries evaluated in the World Economic Forum’s annual competitiveness ranking. While Hungary was ahead of Bulgaria (49th) and Romania (51st), it fell behind the Czech Republic (32nd), Poland (37th) and Slovakia (42nd) in this year’s ranking. “This is an acknowledgement of the efforts of Hungarian economic policy, which aims to further improve the quality and competitiveness of the conditions for economic growth while maintaining macroeconomic stability,” the Hungarian Finance Ministry said in a statement.