June 15th 2016
Hungary is an independent, democratic, constitutional country located in Central Europe. Through its membership of the European Union and its diplomatic ties, Hungary offers an entry to the whole market of the EU. With highly skilled and educated work force, inexpensive and high-quality raw materials, Hungary is strategically located within the EU; furthermore, it acts as an important transit hub between Western and Eastern Europe.
The main strengths of the country are its low employment, excellent IT and communication infrastructure and low legal risk. In addition, Hungary is a member of the Customs Union allowing for significant savings in time and administration when trading with other member states.View Memo