Hungary is the world’s 7th most popular investment destination

Lowest rate of personal income tax in Europe

MH – 2018.09.05. 08:56 –

“Hungary is the world’s seventh most popular investment destination, according to the latest report for 2017 by IBM Global Location Trends”, Minister of State for Communication and Hungary’s International Image said at a press conference in Budapest on Tuesday, Kormany.hu reports.

Tamas Menczer added that Hungary is also among the frontrunners with relation to high added value foreign investments, occupying 16th place. “The country is attractive to investors because of its economic environment; we have the lowest rate of personal income tax in Europe, the lowest corporation tax, and the level of social contributions is also continuously decreasing”, he explained.