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Hungarian Investment and Trade Development Authority

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Global Sourcing Council

Hungary has a strong pharmaceutical industry with large international companies conducting R&D and manufacturing. It has a skilled workforce, lower costs than Western Europe, and university collaboration which supports the sector. Recent investments have expanded R&D, manufacturing, and clinical trials in Hungary. Clusters around universities in Budapest, Szeged, Debrecen and Pécs enhance academia-business cooperation in life sciences. Hungary also has regulatory systems harmonized with the EU and a competitive innovation ecosystem.

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Long t radition , n ew FDI into R&D ,[object Object],[object Object],[object Object]
WHY HUNGARY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Added value of the pharma sector
[object Object],[object Object],[object Object],[object Object],Life sciences A High Performing Sector
Latest investments in the life sciences sector ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Latest investments in the life sciences sector
Nanotechnology in Hungary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Medical device manufacturing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Clinical trials ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Strong innovation capacity ,[object Object],Source: Global Comp e titiveness Report, World Economic Forum, 2006/ 2007 Ranking Country Switzerland 1 USA 2 Germany 5 France 19 Norway 21 Hungary 24 Czech Republic 30 Slovenia 33 Spain 49 China 56 Poland 64 Greece 76
Four life science clusters ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Genomnanotech Knowledge Centre Neurobiological Knowledge Centre Cell Communication Knowledge Centre Infobionics Knowledge Centre Medipolis Knowledge Centre Debrecen Szeged Budapest Pécs
Competitive wages compared to Western Europe Source: Mercer, 2007
Regulatory system ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Hungarian Investment and Trade Development Authority

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  • 13. Competitive wages compared to Western Europe Source: Mercer, 2007
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