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Home >International Network >Hungary

HUNGARY

Hungary is located in Central Europe. Bordered by Austria to the west, Serbia, Croatia and Slovenia to the south and southwest, Romania to the southeast, Ukraine to the northeast and Slovakia to the north, Hungary covers 93,030 sq.kms. The Hungarian population is over 9.8 million, with a GDP nudging US$124.4 billion (source: FMI – France Diplomatie, 2018).

The Hungarian economy is dominated by the tertiary sector, which accounts for more than 2/3 of the national wealth. Industry generates almost 30% of GDP and agriculture contributes 5%. The country’s main trading partners are Germany, Austria, Romania, China and Italy.

France is the 4th biggest investor in Hungary. More than 350 French companies are present in Hungary, employing nearly 43,000 people.

In order to meet the needs of its customers on the Hungarian market, Simon Associés has developed privileged relations with economic and legal partners locally.

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