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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…