Category Archives: Uncategorized

Poland is Fighting to Compete in The Global Manufacturing Economy

Posted on June 9th, 2017
Poland Manufacturing

  What is the future of global manufacturing in Poland? Although economists are skeptical of how the US political climate may affect future growth they remain cautiously optimistic. With its bounce back from communism in the 90’s and recent developments, Manufacturing in Poland is defying the odds. Currently, Poland holds an active stance in the electronics market, producing about 35% of all televisions sold throughout Europe. The number of exports continues to grow year-after-year. Growth that is not expected to halt anytime soon. According to the Global Economic Prospects report, economic growth in Poland will increase by 3.1%, up to half a percent higher than last year. Fall of Communism Poland found itself in an awkward position after the fall of communism. Although they had an abundant amount of natural resources and an excellent infrastructure for produce consumer goods, they…

Hungarian Manufacturing Provides a Recipe for Economic Growth

Posted on May 25th, 2017
Hungary Manufacturing

What do these companies have in common: Suzuki, Bosch, Knorr-Bremse, and Thyssen-Krupp? Aside from being multi-national companies, they all have manufacturing production facilities in Hungary. Although often overlooked as a manufacturing power, Hungary is ideal for manufacturing with its geographical location in the center of Europe, highly skilled workers, excellent infrastructure, low-costs, and most importantly government incentives. With a perfect recipe for investment and trade, Hungary is a key trading partner for Germany, France, Italy, Austria, Romania, Slovakia, Poland and the Czech Republic. Innovative Electronics As we all know, electronics manufacturing and research are some of the key drivers of innovation and economic growth in any country. In recent years, Hungary has become a hub for information security, mobile technology, and related research. Although they are not brands we typically use in the United States, Hungary is the largest producer…