Hungary at the digital economy

The digital economy market in European countries was launched in 2010. The internet and digital technology offer a wealth of opportunities to access and share information and to collaborate rapidly across all sectors of the economy.
Hungary has recognised that the digital economy will be a major driver of its economic development in the future. Hungary was among the first EU countries to develop the use of electronic procedures for economic transactions. According to economic analysts, online retail sales could grow 2.2 times by 2024.
There are also long-term plans for digital transformation. Initiatives include smart city projects and the development of intelligent transport systems.