  We live in the Digital Age in which both economy and society have been
transforming significantly. The Internet and the connected digital devices are
inseparable parts of our daily life and the engine of the economic growth. In
this paper, first I analyzed the status of digital economy and society in
Hungary, then compared it with Ukraine and made conclusions regarding the
future development tendencies. Using secondary data provided by the European
Commission I investigated the five components of the Digital Economy and
Society Index of Hungary. I performed cross country analysis to find out the
significant differences between Ukraine and Hungary in terms of access to the
Internet and device use including smartphones, computers and tablets. Based on
my findings, I concluded that Hungary is more developed in terms of the
significant parameters of the digital economy and society than Ukraine, but
even Hungary is an emerging digital nation. Considering the high growth rate of
Internet, tablet and smartphone penetration in both countries, I expect faster
progress in the development of the digital economy and society in Hungary and
Ukraine.
