How odd that I came across this story on China’s People Daily Online, the erstwhile propaganda organ of the Chinese Communist Party.
According to the World Bank, Hungary’s neighbors now provide a more competitive business environment, while the Slovaks lead the region in providing a cozy home to global capitalism:
Hungary is the second most expensive place in terms of gross national product percent capitation to start up a new company in the region after Poland. Almost every country in the Central Europe Estate region beats Hungary, according to the World Bank survey. Slovakia is well ahead in 36th place due to its business-friendly reputation and flat tax.
But wait, there’s more bad news. (Are the Chinese actually mocking Hungary?)
Continue reading ‘World Bank names Hungary as CEE’s least welcoming place to do business’

