Situated in the heart of Europe, Hungary is one of the region’s leading FDI economies.
Hungary boasts a superb strategic location and excellent business infrastructure -Budapest, Hungary’s picturesque capital, is fast becoming one of central Europe’s foremost financial hubs. Most FDI is invested in the services sector, primarily in finance, telecommunications and retail.An export-oriented economy, Hungary’s chief trade partners include Germany, Austria, France and Italy.
A member of the EU since 2004, Hungary retains its own currency, the forint. There are many reasons to consider investing in Hungary. The country offers investors a diverse economy (the 14th most diverse in the world, according to the Economic Diversity Index) and a skilled, multilingual workforce.
The service sector contributes around 64% of Hungary’s GDP. Around 150,000 Hungarians are employed in tourism. Budapest alone welcomes around 3 and a half million visitors annually. Industry – dominated by mining, machine manufacturing and steel production –accounts for around 31% of GDP. Other important sectors include food processing, electronics and textiles. In addition, the country enjoys a reputation as a favoured destination for car manufacturers, with Mercedes, General Motors and Audi all establishing factories here in recent years.
HLB Hungary serves clients that typically include successful businesses that have proven themselves on the international market.
Latest insights, case studies and news from across the network
How the Dutch Meat Tax could affect the global food and beverage industry
In an effort to reduce emissions and encourage healthier, greener lifestyles across Western Europe, many national governments are now taking up the idea of a levy or tax on meat,...
Whistleblowers protected by EU Directive from December 2021!
Until the introduction of the EU Directive on this subject, only a few EU countries had comprehensive legislation on the protection of so-called whistleblowers. What are its features and how...
HLB Cross-Border Business Talks Podcast Series
An HLB podcast series in which we share our insights and ideas, and welcome guest speakers to keep you informed on cross-border business topics. We provide bite-size analysis on today’s...
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation