Hungary is a highly attractive destination for tourists, offering a rich blend of history, culture, natural beauty, and modern amenities. Its capital, Budapest, is often hailed as one of the most beautiful cities in Europe, drawing millions of visitors annually. In addition to the capital, Hungary is home to a variety of historic towns, picturesque...
Hungary’s Gross Domestic Product (GDP) is a key indicator of the country’s economic health. In recent years, Hungary has experienced steady economic growth, although there have been fluctuations due to global factors such as the COVID-19 pandemic. Hungary’s GDP: In 2023, Hungary’s GDP was estimated at approximately 224 billion euros, showing moderate growth compared to...
Hungary has become a prominent hub for high-tech production in Europe, offering an ideal environment for businesses in sectors such as electronics, automation, medical devices, telecommunications, and renewable energy technologies. The country’s strategic location, skilled workforce, and business-friendly environment make it an attractive destination for companies involved in advanced manufacturing and innovation. Key Features of...
Hungary offers several tax advantages that make it an attractive destination for international businesses. Here are some of the key tax benefits for companies operating in the country: 1. Low Corporate Tax Rate (9%) Hungary has one of the lowest corporate tax rates in Europe, set at just 9%. This makes the country particularly favorable...
Outsourcing to Hungary offers numerous advantages for businesses, making it an attractive destination for international expansion. Here are some of the key benefits: 1. Strategic Location Hungary’s central location in Europe provides easy access to major European markets. Its position makes it ideal for businesses looking to operate across the European Union and beyond. 2....
Automobile production is one of Hungary’s most important and rapidly growing industries. Positioned as a strategic hub for the global automotive sector, Hungary benefits from its central location in Europe, excellent infrastructure, and a highly skilled workforce. Key Features of the Sector Presence of Major Manufacturers: Hungary is home to production plants of leading global...
