MANUFACTURING

Why invest in the Hungarian manufacturing sector?

• Development and support of the Hungarian manufacturing sector is a strategic focus of the Government
• Great Central European location within the Schengen zone, logistically ideal for supplying the whole European and Middle East market
• Competitive and enterprise friendly tax system, Hungary’s corporate tax rate is the lowest in the EU (9% flat)
• Average wages in Hungary are ca. 40% of the average in the EU
• National and municipal incentives (both refundable and non-refundable cash subsidies, tax allowance)
• Wide range of national and EU grants available, with attractive conditions
• Developed transportation systems, extensive motorway and rail network with the second highest road density in Europe after Belgium
• Developed and active industrial property market, with well-built and stable utility networks; moderate and regulated energy prices
• Shared-service centres and engineering development centres of international manufacturing companies have been established in Hungary, which shows that they are satisfied with the country, and this also has a positive impact on the quantity and quality of production
• Budapest is ranked among the top 10 most attractive cities for foreign direct investment in Eastern Europe according to the 2016-2017 ranking of a Financial Times Group publication
• As of the most country analysis for investors in the manufacturing sector, Hungary is in the top three most attractive countries in Eastern Europe in terms of reaching the supply market, labour market, universities, infrastructure, location and logistics