Also in the news...
Who is subject to financial sanctions in the UK?
A guide to the current consolidated list of asset freeze targets, and a list of persons named in relation to financial and investment restrictions under the Russia regulations
Homes for Ukraine visa sponsorship scheme: privacy notice
Homes for Ukraine visa sponsorship scheme: How we use personal data.
Check duties and customs procedures for exporting goods
Find information about how to move goods from the UK to the rest of the world.
Record-breaking £150bn investment unveiled during US State Visit
Record-breaking investment into the UK of £150 billon unveiled during historic US State Visit, boosting jobs and catapulting growth
US financial giants boost UK investments and jobs across London, Edinburgh, Belfast and Manchester
The Government has announced over £1.25 billion of inward investment from US finance companies, creating 1,800 UK jobs.
Overseas business risk for Hungary
Information on key security and political risks which UK businesses may face when operating in Hungary.
1.Political and economic
Hungary is a parliamentary republic and a multiparty democracy. Hungary is a member of the North Atlantic Treaty Organization (NATO), the Organization for Security and Co-operation in Europe (OSCE), and the European Union (EU).
The last general election was held on 3 April 2022. The governing Fidesz party – in alliance with the Christian Democrats (KDNP) – secured a two-thirds majority in Parliament (for the fourth time in a row), which allows them to amend a special class of laws including the Fundamental Law (the Constitution). The Democratic Coalition (DK) is the largest opposition party.
Hungary is a high-income country (GDP per capita was 17,296 USD in 2022) with a mixed and open economy and a positive trade balance.