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Business Sweden in Hungary

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Hungary offers a strategic geographical position and an educated cost-efficient workforce, which makes the country attractive for companies looking to expand eastwards.

Hungary has a proud tradition in mechanical engineering with an abundance of educated engineers employed at the many companies in the sector. Telecoms infrastructure, transportation and logistics and the high level of education among the population all contributed to attracting foreign investments in the last few years. In the region, Hungary has the highest GDP per capita. This is a result of the country’s excellent central European location as well as the qualified and educated labour force. Hungary’s government has shown commitment to attract foreign investments, reflected in its investment friendly economic policies.

Today there are 160 Swedish companies active in Hungary. The companies generally operate in sectors such as ICT, telecoms, vehicles, transportation, health care, energy and environment. Swedish export to Hungary reached SEK 5.3 billion in 2016, 0.4 percent of Sweden’s total global export, signifying an increase with 17 percent in comparison with the year before. The main export commodity groups are engineering products, processed foods and medical drugs. Hungary is currently operating the Swedish Gripen-planes, another factor that strengthens the bilateral relations between the countries. 

Business Sweden in Hungary helps Swedish companies with a variety of services, such as partner search, business establishment and business development, stakeholder management and recruitment of key personnel.

Business opportunities for Swedish companies are identified within sectors such as technologies related to the automotive industry, smart metering, smart factories and security and defense sector as well as solutions that can contribute to cost efficiency while increasing quality in the healthcare sector.

Business Sweden’s office in Budapest reports to Vienna, the regional office supporting Swedish businesses in Austria, Switzerland, Slovenia, Croatia, Hungary as well as Serbia, Montenegro, Macedonia, Bosnia & Hercegovina, Kosovo and Albania. The team covering the region has extensive knowledge & experience, not only in the local markets, but also the local languages, culture & business environment.

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Hampus Nilzén

Trade Commissioner Austria and Hungary Trade Commissioner Austria and Hungary
+43 140 235 15 21

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