Hungary is a country located in Central Europe bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Its strategic geographical location within Europe, along with its well-developed infrastructure and transportation networks, offers logistical advantages for manufacturers seeking to establish a presence in the region.
Hungary boasts a developed economy, with a GDP of approximately $170 billion (as of 2021). Its pillar industries include automotive manufacturing, information technology, pharmaceuticals, food processing, and tourism. The automotive sector, in particular, has been a major contributor to Hungary’s economic growth, attracting significant foreign investment.
As a member of the European Union, Hungary exhibits promising future potential in the manufacturing industry. The country has already established itself as a hub for automotive manufacturing and has attracted significant investment from major global automakers. This strong foundation, coupled with a skilled workforce and favourable business environment, sets the stage for further growth and expansion in the manufacturing sector. It has also made notable advancements in renewable energy, particularly in the field of solar power.
Hungary’s commitment to education and innovation has contributed to its global recognition as a center for research and development. The country has a strong emphasis on scientific research and technological advancements, fostering a thriving startup ecosystem.
Tri-Wall Hungary Packaging Systems Kft.
(Tri-Wall Austria Hungarian subsidiary)
Address: H-9800 Vasvár, Hunyadi u.1.
Tel: +36 30 656 0925