Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.

Market Opportunities

Hungary maintains an open economy and its high-quality infrastructure and central location are features that make it an attractive destination for investment. Despite the many challenges that accompany the local business environment, Hungary remains an attractive market for U.S. investment and exports.  Top reasons for doing business in Hungary include:
 
  • One of the fastest growing economies in the European Union.
  • Central location considered to be the gateway to Central/Southeast Europe.
  • Well-educated and trained workforce.
  • Supply chain opportunities in automotive and electronics industries.
  • Government emphasis on innovation and knowledge-based technologies.

EU funding through 2020 has driven Hungarian growth as it has been used for more than 60,000 projects to improve telecommunications, energy and highway infrastructure.   As part of the National Development Plan (2014 - 2020), Hungary allocated approximately $33 billion to projects ranging from tourism and infrastructure development to healthcare and environment protection.  However, the EU plans to tighten rules on which development projects are eligible for EU funding thereby creating a demand on Hungary’s national budget.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.