Ungary business presentation

1. THE HUNGARIAN MARKET

2. 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%

3. Source: HIPA database

4. Interesting sectors in focus
• Automotive sector
• Electronics sector
• Food sector
• IT Services
• Biotechnology and Pharmaceutical sector
• Medical technology
• Shared service centers
• Logistics

5. Automotive sector
• The fastest growing sector of the Hungarian
economy
• Central location - at the cross roads of
4 main European transportation corridors
• Access to a talented, creative, flexible and
qualified labor pool - competitive labor
cost/value ratio in the CEE region
• Excellent local supplier network
• Tradition of innovation - successful
cooperation between universities and the
producers in R&D
Established car
manufacturers:

6. Source: HIPA database

7. 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

8. Source: HIPA database

9. Source: HIPA database

10. Source: HIPA database

13. Food industry
• The 2nd largest employer and
the 3rd largest producer of the
processing industry in
Hungary
• Hungary is the only net
exporter of agricultural and
food products in the region -
5.31% of the country’s
exports
• Strong market - per capita
consumption levels are among
the highest in the region

14. ICT: a booming sector in Hungary
• 10-12% of the Hungarian
GDP comes from the ICT
sector
• 18% of total Hungarian export
is presented by software and
ICT services
• Education system offers
highly skilled ICT specialists
• Outstanding cooperation
between educational
institutions and companies
• More than 10 Science Parks

15. Biotechnology and Pharmaceutical
sectors
• The highest number of
biotechnology companies in
the region
• 85 biotechnology companies
of various sizes focusing their
activities on biotech R&D or
manufacturing
• Strong presence of large
pharmaceutical companies
• 5th largest drug producer in
Europe

16. Shared service sector
• Positive feedback from companies
present in the country
• Hungary had the highest number of
Shared Service Investments in
Europe between 2002 and 2006
• SSCs throughout the country:
Debrecen, Miskolc, Pecs,
Szekesfehervar, etc.

17. Thank you for the
attention
Giorgio Dovigi
General Secretary
Italian-Slovak Chamber of Commerce
Michalská 7, 811 01 Bratislava
Tel: +421 2 54131290
www.camit.sk
g.dovigi@camitslovakia.sk
www.husk-cbc.eu