Hungarian Investment and Trade Agency (HITA)
Key Competitive Attractions
Hungary has an excellent business environment, with several excellent international schools, highly competitive operational and labour costs for Europe, low property costs, and an abundance of investment opportunities.
Hungary occupies an excellent location for tapping into key European, Baltic, North African and Middle Eastern markets, right in the centre of Europe with access to 450 million consumers.
The country is a member of the EU, which has had a positive impact on the Hungarian economy in many ways, such as access to €22.5 billion from the European Structural and Cohesion Funds of the European Union between 2007 and 2013.
Thanks to its EU membership, the Hungarian economy has become an attractive business location for foreign investors, offering a stable, secure economy, with improved levels of labour, goods, services and capital. Specific benefits to companies include access to EU funds, support for SMEs, transparency of taxation and business accounting rules, and efficient administrative procedures for EU trading.
Infrastructure:
- Modern improvements to a dense motorway network provide quick access to all Hungarian major cities, and into the surrounding countries.
- Hungary is crossed by four important European transport corridors.
- Train lines link Hungary to the seaports of Hamburg, Bremen, and Rotterdam on the North Sea, Koper and Trieste on the Adriatic sea, and a connection to Constantza on the Black-Sea is underway. Travel times from these ports to Hungary are between 16 and 36 hours by road or train.
- Budapest Airport is the busiest airport for air-freight traffic in the CEE region, providing exceptional connections with South-East Asia.
Labour:
- Highly educated, multilingual labour force of approximately 4.2 million.
- Traditions and renowned excellence in the areas of engineering, medicine, economics, and the sciences.
- Comparatively low operational and labour costs for Europe.
Assistance and Support For New Business Investors
Costumer Service
You can contact us by phone:
Monday-Thursday: 8.00-16.30
Friday: 8.00-14.00
Phone: +36 1 872-6516
Fax: +36 1 872-6699
E-mail: info@hita.hu; investment@hita.hu
