Study estimates Hungary as competitive exporter.

By bne IntelliNews May 27, 2010
The local economy remained competitive during the past several years, measured by export volume, economist Gabor Oblath from the Hungarian Academy of Sciences presented the results of a competitiveness survey by institute Kopint Konjunktura Research Foundation. Export prices, however, did not increase during the period while the upside to that was that low prices allowed the country to maintain or boost its share in the EU total imports. Oblath underlined that in terms of export volume, the competitiveness of the domestic economy strengthened under all criteria since the mid-90s till 2000, which was attributed to a substantial inflow of FDIs. On the other hand, he argued that this process led to a premature evolution of the economy structure to a relatively high share of the high-tech industry, which required a correction in the past ten years. As a result, Hungary lost some share in the imports of older EU Member States, especially after its EU accession and Oblath argued that this could be considered an indication for a decline in the country's competitiveness. In contrast, he pointed out that the reverse process was observed on the trade with other markets like neighbouring peer countries and non-EU countries, noting that the structure of Hungarian exports was likely affected by the accession.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss