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HUNGARY: the Reliable Partner
No political riskNo strikes
No social conflicts
No institutional riskCompleted deregulation
EU compatible institutionsDeveloped banking system
No financial riskModerate income policy
Sound & transparent fiscal policyStable monetary policy
… 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 ..
On an investment and export driven growth path together with the EU since the 1990s
YES to Investments
Hungary: The Reliable PartnerFavourable Political and Economic Environment
www.gkm.hu www.itd.hu
Favourable Political and Economic Environment
Ideal geographic location
Connecting the most developed and the fastest developing countries
Well-developed infrastructure
Favourablelegal environment
Qualified and innovative labour force
A BRIDGE binding West with East, North with South
in Europe
4 Pan-European Corridors
Gate to South East Europe
Direct access to the EU
Increasing competitiveness
www.gkm.hu www.itd.hu
Region of the Future Award 2004/5 in Central Europe granted by fDi
Magazine (Financial Times)
EU and NATO membership
Highly developed logistical and transport infrastructure;
166 industrial parks
Strong presence of foreign and multinational companies
(27,000 firms)
High productivity
EU conform investment incentives
Favourable Political and Economic Environment
www.gkm.hu www.itd.hu
Source: Business Monitor International, December 2004
(27.) (29.) (31.) (35.)
RankingRanking ScoreScore CountryCountry
1.1. 96.796.7 DenmarkDenmark
3.3. 95.895.8 CanadaCanada
5.5. 92.592.5 JapanJapan
14.14. 85.085.0 AustraliaAustralia
27.27. 76.376.3 HUNGARYHUNGARY
32.32. 73.873.8 PolandPoland
41.41. 70.870.8 Czech RepublicCzech Republic
46.46. 68.368.3 SlovakiaSlovakia
Long-term political stability
Favourable Political and Economic Environment
www.gkm.hu www.itd.hu
20012001 20022002 20032003 2004 forecast2004 forecast
Gross domestic product (%) 3.83.8 3.53.5 2.92.9 4.04.0
Industrial production (%) 3.63.6 2.82.8 6.46.4 8.58.5
Exports (% - volume) 7.77.7 5.95.9 9.19.1 14.0**14.0**
Imports (% - volume) 4.04.0 5.15.1 10.110.1 14.0**14.0**
Consumer prices (%) 9.29.2 5.35.3 4.74.7 6.86.8
Balance of foreign trade* -2.5-2.5 -3.4-3.4 -4.2-4.2 -4.6-4.6
Current account balance* -2.0-2.0 -5.0-5.0 -6.6-6.6 -6.6-6.6
FDI* 4.44.4 3.23.2 2.02.0 3.03.0-3,5%-3,5%
Unemployment rate 5.75.7 5.95.9 5.85.8 6.06.0
* in billion Euro** at current prices Source: Hungarian Central Statistical Office, GKI Economic Research Institute of Hungary
Dynamic macroeconomic growth in figures
Favourable Political and Economic Environment
www.gkm.hu www.itd.hu
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