The Manufacturing Industry is Essential to The Czech Republic

Posted on June 2nd, 2017
Czech Republic flag

The Austro-Hungarian Empire was once one of the greatest world powers and the second largest country, following Russia. It’s manufacturing industry was the fourth largest, producing energy and exporting goods across the world. The Czech lands were the core of manufacturing strength. When the Empire split up, Czechoslovakia remained a world leader. Manufacturing is still essential to the Czech Republic, making up 35% of the economy and close to 40% of the jobs. Their abundant natural resources and sound transportation systems add to their success in manufacturing. Being centralized in Europe with trade agreements that link Western Europe to Russia, the Czech Republic attracts a lot of foreign investment. Automotive: Like the rest of central Europe, the automotive industry is one of the most important sectors in the Czech Republic. More than fifty percent of all exports are automotive products….

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…