Key Competitive Attractions
Budapest is the commercial and industrial centre of Hungary. Major business sectors include communication engineering, computer appliances, electric machines and pharmaceuticals. The main national and international service and financial institutions are located in Budapest.
The biggest companies are General Electric, Vodafone, Telenor, Hungarian Telekom Erste Bank, CIB Bank, K&H Bank & Insurance, UniCredit, Budapest Bank, Generali Providencia Insurance, ING, Aegon Insurance, Allianz, Volvo, Saab, Ford and OTP Bank.
There are about 230,000 joint enterprises, and 140,000 self-employed sole traders registered in the capital.
For more information on foreign investment in Budapest, see our pages on the Central Hungary Regional Development Company.
Assistance and Support For New Business Investors
Budapest Enterprise Agency (BEA) offers management, training and consulting services to enterprises located in Budapest. The primary target group is local small and medium sized companies. Services are not available to companies with more than 25% foreign ownership. BEA gives information on state subsidised funds and offer micro-loans.
