Known more for its agricultural heritage, the Hungarian city of Kecskemét has turned itself into an automative hub, culminating in a $1.1bn Mercedes-Benz investment. Michal Kaczmarski looks at how senior figures on a local and national scale helped to seal the deal.
Latest articles from Hungary
Investment in Hungary is fighting back after hitting a ten-year low three years ago.
Hungary has struck a $1.1bn deal with Mercedes-Benz that has broken the country's record for a single greenfield investment in car manufacturing.
Hungary was once the economic poster child of central and eastern Europe. However, since the financial crisis the country has struggled, and under nationalistic prime minister Viktor Orban its levels of FDI have plummeted. Michal Kaczmarski analyses just what went wrong.
When scouting for a base for its corn-to-ethanol plant, Pannonia Ethanol found Hungary’s skilled workforce and supportive government a winning combination. But public understanding of the industry remains a hurdle for businesses.
A report by global consultancy McKinsey suggests that economies in central and eastern Europe adopt a new growth strategy to reduce the region's reliance on the western European economy.
Since taking office, Hungarian prime minister Viktor Orban has implemented a plethora of new laws and entered into bitter disputes with both the EU and the International Monetary Fund. Could such actions put investors off the central European country?
The many advantages of public-private partnerships have seen the model utilised across the developed world. Now, countries in central and eastern Europe are looking to benefit from the model but governmental and legislative support can often be found lacking.
Unlike other European countries, many of which are taking advantage of opportunities to invest in emerging economies in the Asia-Pacific region, the majority of outward FDI from Austria goes to countries in the 'Rest of Europe' region.
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