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HUNGARY: the Reliable Partner No political risk No strikes No social conflicts No institutional risk Completed deregulation EU compatible institutions.

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Presentation on theme: "HUNGARY: the Reliable Partner No political risk No strikes No social conflicts No institutional risk Completed deregulation EU compatible institutions."— Presentation transcript:

1 HUNGARY: the Reliable Partner No political risk No strikes No social conflicts No institutional risk Completed deregulation EU compatible institutions Developed banking system No financial risk Moderate income policy Sound & transparent fiscal policy Stable 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 Partner Favourable Political and Economic Environment www.gkm.hu www.itd.hu

2 Favourable Political and Economic Environment Ideal geographic location Connecting the most developed and the fastest developing countries Well-developed infrastructure Favourable legal 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

3  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

4 Source: Business Monitor International, December 2004 (27.) (29.)(31.)(35.) RankingScoreCountry 1.96.7Denmark 3.95.8Canada 5.92.5Japan 14.85.0Australia 27.76.3HUNGARY 32.73.8Poland 41.70.8 Czech Republic 46.68.3Slovakia Long-term political stability Favourable Political and Economic Environment www.gkm.hu www.itd.hu

5 200120022003 2004 forecast Gross domestic product (%)3.83.52.94.0 Industrial production (%)3.62.86.48.5 Exports (% - volume)7.75.99.114.0** Imports (% - volume)4.05.110.114.0** Consumer prices (%)9.25.34.76.8 Balance of foreign trade*-2.5-3.4-4.2-4.6 Current account balance*-2.0-5.0-6.6-6.6 FDI*4.43.22.0 3.0 -3,5% Unemployment rate5.75.95.86.0 * 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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