NewsCase StudiesEvents

Overseas business risk for Hungary

Also in the news...

Foreign travel advice Uzbekistan

FCDO advises against all but essential travel to parts of Uzbekistan. Warnings and insurance Still current at: 7 May 2024 Updated: 3 May 2024 Latest update: Updated information on drones, road travel and regional risks ('Safety and security' and 'Regional risks' pages).

Foreign travel advice Trinidad and Tobago

Warnings and insurance Still current at: 7 May 2024 Updated: 5 May 2024 Latest update: Removal of information about temporary closure of Buccoo Reef Marine Park (Warnings and insurance). The Foreign, Commonwealth & Development Office (FCDO) provides advice about risks of travel to help British nationals make informed decisions.

Foreign travel advice Brazil

FCDO advises against all but essential travel to parts of Brazil. Warnings and insurance Still current at: 7 May 2024 Updated: 5 May 2024 Latest update: Updated information on rainfall and flooding (Safety and security, Regional risks)

Guidance UK-China Intellectual Property Newsletter

At the end of every month we publish a newsletter covering recent intellectual property (IP) developments in China.

Guidance Living in Japan

Information for British citizens moving to or living in Japan, including guidance on residency, healthcare and driving.

Overseas business risk for Hungary

Back to News

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.

Read the article here

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.