This document summarizes key economic and industry information about Hungary. It notes Hungary's population, GDP growth, export growth, unemployment and inflation rates. It identifies several promising industries including automotive, electronics, food, IT services, biotechnology, medical technology, logistics and shared services. It provides more detail on the automotive, electronics, food, ICT and biotechnology/pharmaceutical sectors, highlighting their importance to Hungary's economy and strengths in each industry.

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