According to its mayor, Hungary’s Kecskemét has attracted major companies such as Mercedes-Benz with its flexible, creative and productive workforce. This is thanks to an educational system that combines the Kodály method with a strong vocational focus, she tells Courtney Fingar.
Latest articles from Hungary
The Hungarian automotive components and automotive OEM sectors show promising growth, reports Julia Klötzer.
Hungary’s politics – perceived by some as insular – might have drawn flak, but they have certainly not deterred investors. Officials say the country’s stability is successfully attracting FDI as well as substantial reinvestment, while exports recently hit a high, as Courtney Fingar reports.
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.
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?
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