Hungary moves up to 52nd in World Bank ease of doing business ranking

Hungary has moved up one place to 52nd in the World Bank's latest annual ease of doing business ranking. Hungary's score for the ranking was 73.4, compared with a score of 86.8 for the ranking leader, New Zealand, and a low score of 20.0 for Somalia, in last place on the list. Ahead of Hungary in the ranking was Poland, in 40th place, the Czech Republic, in 41st, and Slovakia, in 45th. The World Bank noted in the Doing Business report that Hungary had made paying taxes easier by upgrading the internal electronic tax system, while making paying taxes less costly by reducing the payroll tax.