Hungary

Lying in the center of Europe, Hungary has traditionally been a meeting point for west and east Europe. Sharing a border with seven countries including Austria, Slovakia and the Ukraine, Hungary is ideally positioned to serve both emerging as well as established markets.

A population of 10 million is among the best educated in the region with excellent universities and a fast-growing reputation as an R&D center of excellence.

Hungary has seen many international investors establish facilities here, in particular for electronic manufacturing and telecommunications. these have recently included Nokia, Sanyo, BT, Flextronics and Texas Instruments.

Investment Promotion Agency:

Dora Dweik

Project Manager UK & Ireland

ITD Hungary

Andrássy út 12

Budapest

1061

Hungary

tel: +36-1-472-8100

fax: +36-1-472-8101

Funniest Geography Quiz ever!

"Is Hungary even a country?"

Budapest

Budapest is the capital city of Hungary. It has a population of just under 2 million people, which is equal to 19% of the national population. Budapest lies in the Central Hungary region which shares its Northern borders with Slovakia. It is the main commercial and financial center in the country.

All four motorways of Hungary start from Budapest and the capital is connected by motorways with Vienna, Lake Balaton and the north-eastern and south-eastern parts of the country. There are three international railway stations and an international airport in the city boundaries.

There are a wide range of academic institutes in Budapest, from the Gödöllõ University to the Budapest University of Economics. Much concentration is placed on science subjects in Hungary which is reflected in the number of science based technical institutes in the city.

Pecs

Pécs is the fifth largest city in Hungary and is the capital of Baranya County. It is geographically situated to serve as a gateway to the Balkan and North Italian regions.

The national road which passes through the city provides a connection with Budapest, (198 km) to the North-East and with the Croatian border to the South-West.

5 Intercity and 4 fast trains commute daily between Pécs and the capital. Rail travel also allows access into Bratislava in Slovakia and Krakow in Poland. The closest airport is in Budapest.

Pecs is fast developing its service sector and electronic industry. One of the most spectacular growth rates has been in the service sector, which has accompanied a 40% decline in the number of workers in industry.

The city’s efforts have received a boost with the announcement that Nokia has chosen the city for its monitor manufacturing operations. Investors are attracted by the highly educated workforce in Pecs, with the rate of skilled active earners higher than the national average. The electronics and IT professional training required by global investors is provided by all levels of formal education: vocational secondary school, technical school and university. Higher education institutes in the city are Janus Pannonius University, Medical University of Pécs, Pécs Section of Ferenc Liszt Musical College and Bishop's Seminary and College of Theology.

Macroeconomic Profile 2008:

excessive public expenditures that led to big budget deficits...have hurt the country....leading to annual growth rate of 1 to 2 percent

Too -slow cities

Budapest, Hungary

Breathtakingly romantic--but its economy is broken. Among the world's 150 biggest cities, last in predicted GDP growth, according to PricewaterhouseCoopers.