Our local international trade experts can fast track your business to market
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Hungary is one of the more developed market economies amongst the new EU member states in Central and Eastern Europe, with the private sector accounting for more than 80 per cent of GDP. The economy has been extensively liberalised through privatisation, foreign investment and the introduction of comprehensive commercial laws. Key reasons why foreign investors choose Hungary are the quality of its workforce, its excellent infrastructure, its central geographic location and relatively low costs.The Hungarian economy is closely tied to the fortunes of the leading eurozone economies, especially Germany. About three quarters of Hungary's exports go to EU countries, primarily Germany, Austria, France and Italy. Russia is also an important trading partner, supplying most of Hungary's natural gas needs and other energy and mineral resources.
Opportunities
The Exportto Group local office is well placed to help you to source from and sell to this rapidly emerging market. Stay ahead of your competitors and start to do business in Bulgaria with the Exportto Group. |
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