Straddling the Danube river at the crossroads—quite literally—of the European continent, the Hungarian capital and its thriving economy are standouts in Europe’s centre-east. Budapest’s healthy economic activity and GDP, which have risen relatively steadily over the past decade, can be attributed in large part to the city’s advantageous geographic position. Three corridors in the Trans-European Transport Network cross through Budapest, and an intricate freight rail network connects the capital city to the rest of the country and to its neighbours north, south, east, and west.
Home to the European Institute of Innovation and Technology and the Hungarian Academy of Sciences, Budapest is a regional capital for research and technology. A highly educated workforce available at relatively inexpensive rates make the city a particularly attractive location for investors.
Hungary’s government has demonstrated significant interest in fostering the inflow of FDI, and the nation has plenty of cause to believe in its continued ability to attract major players. A long history in logistics, coupled with well-developed national infrastructure, facilitate movement throughout the country and in every direction beyond its borders. The nation also offers a fertile environment for business development with less bureaucratic red tape than its neighbours in Central Europe. Hungary has displayed some of the fastest economic growth in the EU, thanks in part to rising domestic demand.
The high demand for industrial space in and around Budapest has pushed the vacancy rate to an historic low of 2.4%. The CTPark network offers its clients A-Class industrial space in three strategically located parks: CTPark Budapest West, South, East and CTPark Vecsés. Each of these offers competitive proximity to vital transport links, and CTP has undertaken an ongoing expansion effort to accommodate rising demand.
Reasons to believe:
2019 Hungarian GDPgrowth rate
bn Budapest GDPin 2017
of HungarianFDI stock
Fanni Molnár Molnár
Business Development Assistant, Hungary