Presentazione HUSK

THE HUNGARIAN MARKET

Hungary in figures

• Population (2011): 9 938 000

• EU-membership: since 2004

• Currency: HUF (forint)

• GDP growth (Q4 2014): +3.4%

• Export value growth (2013/2014): +7.1%

• Industrial production growth (2013/2014): +7.6%

• Unemployment rate (2014): 7.8%

• Inflation rate (2014): 3.3%

Source: HIPA database

Interesting sectors in focus

• Automotive sector

• Electronics sector

• Food sector

• IT Services

• Biotechnology and Pharmaceutical sector

• Medical technology

• Shared service centers

• Logistics

Automotive sector

• The fastest growing sector of the Hungarianeconomy

• Central location - at the cross roads of4 main European transportation corridors

• Access to a talented, creative, flexible andqualified labor pool - competitive laborcost/value ratio in the CEE region

• Excellent local supplier network

• Tradition of innovation - successfulcooperation between universities and theproducers in R&D

Established car manufacturers:


Electronic sector

• Hungary is the largest electronics producer in the CEE region -25% of the regional output

• The second largest industrial sector in Hungary - 22% of total manufacturing production for total value of 26 billion USD




Food industry

• The 2nd largest employer andthe 3rd largest producer of theprocessing industry inHungary

• Hungary is the only netexporter of agricultural andfood products in the region -5.31% of the country’sexports

• Strong market - per capitaconsumption levels are amongthe highest in the region

ICT: a booming sector in Hungary

• 10-12% of the HungarianGDP comes from the ICTsector

• 18% of total Hungarian exportis presented by software andICT services

• Education system offershighly skilled ICT specialists

• Outstanding cooperationbetween educationalinstitutions and companies

• More than 10 Science Parks

Biotechnology and Pharmaceuticalsectors

• The highest number ofbiotechnology companies inthe region

• 85 biotechnology companiesof various sizes focusing theiractivities on biotech R&D ormanufacturing

• Strong presence of largepharmaceutical companies

• 5th largest drug producer inEurope

Shared service sector

• Positive feedback from companiespresent in the country

• Hungary had the highest number ofShared Service Investments inEurope between 2002 and 2006

• SSCs throughout the country:Debrecen, Miskolc, Pecs,Szekesfehervar, etc.

Thank you for the attention

Giorgio Dovigi General Secretary

Italian-Slovak Chamber of Commerce Michalská 7, 811 01 Bratislava

Tel: +421 2 54131290

[email protected]

www.husk-cbc.eu

Presentazione HUSK

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