Hungary had successfully completed the transition from centrally planned economy to market economy by the mid nineties. Due to fast and profound structural and institutional changes, Hungarian GDP has increased constantly faster than that of the average of the EU countries in the last years.

The restructuring of the Hungarian economy was supported to a great extent by a remarkable inflow of foreign capital. The stock of inward FDI is roughly 50 billion euro. Most multinational companies have established their companies in Hungary. On the list of the biggest investors in Hungary you can find Nokia, Elcoteq, Sanoma WSOY and other Finnish companies.

External trade is of vital importance for the economic development. The lion’ s share of the Hungarian exports goes to the EU countries. Finland has been traditionally a very important trade partner for Hungary, and fortunately we can witness that the bilateral trade turnover has increased very dynamically in the recent years.

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