As a member of the European Union, Hungary offers access to a market of 250 million people within a 1000km radius, while the EU common market more than 500 million people.
Hungary is situated in the heart of Europe, which makes the country optimal for manufacturing, services and logistics. Hungary is the ideal base for investors who are planning business developments, including those coming from distant countries and wishing to seize European markets.
Key reasons to invest in Hungary:
Hungary – The right place for your investment
High quality labour pool
Foreign capital is, in a large part, attracted by the highly skilled and highly educated labour force, particularly in the engineering, IT, pharmaceutical, economics, mathematics, physics and professional services sectors. Around two-thirds of the workforce in Hungary has completed a secondary, technical or vocational education.
The average wages in Hungary are ca. 60% less than the average of the EU 27, which makes the Hungarian workforce highly competitive. High English proficiency (90% of students speak English) and high number of working hours/year make Hungarians a highly efficient workforce.
Most important aims of the Hungarian economic policy
Financial and fiscal stability
Boosting the growth potential of the Hungarian economy
Increasing the level of labour market participation and employment
Reducing public debt
Hungary in figures
EU-membership: since 2004
GDP growth 2011: +1.7%
Export growth (2010/2011): +10.2%
Industrial production growth (2010/2011): +5.4%
Average gross wage: € 738.7 (January-April 2012)*
Unemployment rate (Q1 2012): 11.7%
Inflation rate (2011): 3.9%
*Exchange rate: 1 €= 296,97 HUF (2012 Q 1)
Tailored information packages on the economy, industrial sectors, incentives, business environment, supplier network
Assistance in location search and evaluation
Organisation of site visits and partner meetings
Supplying information on permitting procedures
Assistance in applications for VIP incentives
After care services
Intermediary body between the government and the companies
OUR MISSION is to attract new investments to Hungary and to support the expansion of the companies that have already invested here.
For more information please contact us: email@example.com