HUNGARY — AN INVESTMENT TARGET: IMPLICATIONS AND RECOMMENDATIONS FOR PROSPECTIVE INVESTORS Available to Purchase

It has been eight years since the Eastern European nations decided to move away from a command economy and adopt free market economic policies. The transformation process has not been without problems, however their efforts and successes in many areas are commendable. Among the Eastern European nations, Hungary has been by far the most successful in transforming its economy and currently first in line for membership into the European Union and the enlarged North Atlantic Treaty Organization (NATO). The study assesses the attractiveness of Hungary for foreign investors, by using the country risk assessment model developed by Haner and Ewing (1985). Based on the discussion, this paper proposes recommendations for prospective investors.