BUDAPEST: Hungary has dropped to 69th place from 63rd in a new competitiveness ranking of 138 countries compiled by the World Economic Forum (WEF). Doing business in Hungary was hampered by “policy instability”, “corruption”, “tax regulations” and an “inadequately educated workforce”, the report, published on Wednesday, reports.
The country’s overall score of 4.2 fir 2016-2017, which is an all-time low for Hungary on the Global Competitiveness Index, means that Hungary is only the 25th most competitive country in the 28-member European Union.
