Life Sciences in Hungary 5
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LIFE SCIENCES IN HUNGARY HUNGARY SMART. AMBITIOUS. COMPETITIVE. Life Sciences in Hungary 5 LIFE SCIENCES CONTENT 6 ABOUT HUNGARY 14 LIFE SCIENCES IN HUNGARY 24 LABOUR FORCE 28 INNOVATION HUNGARIAN INVESTMENT Published by the Hungarian Investment 34 Promotion Agency, HIPA PROMOTION AGENCY (HIPA) All rights reserved © HIPA, 2018 www.hipa.hu Life Sciences in Hungary 7 ABOUT HUNGARY MAIN FIGURES CURRENCY FORM OF GDP (PPS) GDP GROWTH GOVERNMENT FORINT EUR 192,855 4.0% PARLIAMENTARY (HUF) MILLION (2017, HCSO) REPUBLIC (2016, HCSO) AREA TIME ZONE 93,023 m2 GMT + 1 HOUR INFLATION 2.4% (2017, HCSO) HUNGARY OTHER MAJOR CITIES POPULATION POPULATION CAPITAL Debrecen (201,981) BUDAPEST Szeged (161,137) 9,797,561 POPULATION Miskolc (157,177) (2017, HCSO) 1,752,704 Pécs (144,675) (2017, HCSO) Győr (129,301) CLIMATE RISK OF NATURAL TEMPERATE DISASTERS (similar to the rest of VERY LOW the continental zone) MEMBERSHIP IN INTERNATIONAL ORGANISATIONS EU, UN, OECD, WTO, NATO, IMF, EC EU member since 2004 (Source: HCSO = Hungarian Central Statistical Office) Life Sciences in Hungary 9 ABOUT HUNGARYHUNGARY STABLEFDI IN FOCUS ENVIRONMENT ungary is an open economy where particular emphasis is placed on encouraging foreign Hdirect investment (FDI). Partnership with potential investors is a national priority; special atten- tion is paid to the needs of companies already settled in Hungary, and to the further improvement of the business climate. 66% 62% YOU CAN 51% COUNT ON THE 40% 32% GOVERNMENT’S Inward FDI stock amounted to 66% of the COMMITMENT GDP (2016) the highest TO FURTHER ratio in the region. HUNGARY CZECH SLOVAKIA POLAND SLOVENIA Source: wiiw FDI Database IMPROVE THE REPUBLIC BUSINESS CLIMATE Life Sciences in Hungary 11 ...has modified its ABOUT HUNGARY taxation and incentive BUSINESS ENVIRONMENT system related to R&D activities to make Hungary the innovation hub of CEE. ...offers companies a …is committed to strategic partnership, further reduce taxes and provides them on employment. with fast access to the IN ORDER TO IMPROVE Government. THE BUSINESS CLIMATE THE HUNGARIAN ...is helping GOVERNMENT... companies to function reliably by providing a clear agenda on economic development and FDI strategy. INVESTMENTS IN FOCUS INVESTMENTS ...further improved the practice-based dual education system ...has introduced a built on industry new incentive scheme needs. supporting technology intensive ...has created investments. ...has introduced its the most competitive unique economic CIT in the EU development plan with 9% flat rate. based on Industry 4.0 requirements. Life Sciences in Hungary 13 HUNGARIAN EXPLORE THE COUNTRYSIDE PARLIAMENT ABOUT HUNGARY Hungary’s diverse countryside offers a wide BUILDING QUALITY OF LIFE ranked range of outdoor activities: 11,000 kilometres th of hiking routes; more than 4,000 kilometres of 10 cycle paths; 14 golf courses; 10 national parks; in world's top 10 and many protected nature reserves for those landmarks for 2018 in love with fresh air. The protected Puszta- by TripAdvisor region, the Great Plain, the romantic Danube Bend with its historic sites, and pretty baroque towns, such as Eger, attract visitors all over the year. Lake Balaton, the largest fresh water lake in Central Europe, is a perfect holiday resort. HUNGARY ranked among the TOP 5 COUNTRIES in the BOCUSE D'OR INTERNATIONAL SCHOOLS competition Expatriates looking to stick with the curricula in 2017 of their home countries can choose from a range of private international schools for their children. There are also many English, German or French public and private pre- schools for children aged from three to six. The school year starts in September and ends in June, and school buses are usually available at private schools. There are many opportunities to study in a foreign language at universities too. GASTRO STORY The dining scene in Budapest is livelier Did you know that… than ever, practically you can find the EXPATS LIKE HUNGARY …the kindergarten and the elementary cuisines of every culture in the capital, Budapest is a city full of surprises and school division of the International School of from high-end Michelin-star restaurants wonders, with its lively centre, pretty parks, Debrecen will start to operate in September to no-frill eateries, small bistros and majestic river, tall church spires, and lavish 2019 and its upper school education starts must-try food trucks. spas. One of the most exciting cities in the running from September 2020? world, Budapest is full of secrets, hidden spots to explore, and old favourites to revisit. This is the city where being bored is not an option. Life Sciences in Hungary 15 6.3% LIFE SCIENCES IN HUNGARY The share of pharmaceuticals in total STRONG POSITION manufacturing value added »Nr. 1 in the region 4.9% of totel exports EUR 3.1 billion Largest exporter FDI stock of medicinal and in pharma industry pharmaceutical products »Nr. 1 in the 27h in the region region »Nr. 1 in the region DENMARK 18h 2.5h 1500 km 1000 km The 9h pharmaceutical industry 1.5h 500 km Labour provided for 35.8% of the 1h productivity manufacturing industry’s »Nr. 1 in the R&D expenditures Budapest region in 2016 36h 18h 54h 48,000 8 out of Pharma globally Top 10 and medtech Drug and biotech employees companies have manufacturing or MALTA R&D activity CYPRUS in Hungary EUR 1,614 Average monthly gross wage in pharma sector Life Sciences in Hungary 17 Throughout the 20th century, Hungary was the most LIFE SCIENCES IN HUNGARY important supplier of medicine for Eastern Europe and BUILDING ON RICH TRADITIONS remained at the forefront of the region’s pharmaceutical industry. In the 1990s, international pharmas recognized its expert knowledge and potential and established export-oriented, high added value production in the country. Building on its rich traditions, today the Hungarian A STRONG pharmaceutical industry contributes to the health of people PHARMACEUTICAL in almost 80 countries around the world. INDUSTRY WITH A CENTURY-OLD TRADITION Hungary’s modern pharmaceutical industry was established in 1901 by Gedeon Richter who began industrial-scale manufacturing in his Budapest pharmacy laboratory. During the 1910s and 1920s, the foundations were laid down for one of Hungary’s most successful and globally-renowned industrial sectors. Erik Bogsch Executive Chairman Gedeon Richter Plc. "More than a century of experience in pharmaceutical manufacturing, globally acknowledged expertise and continuous innovation, these are the values that characterize the Hungarian pharmaceutical industry. For Gedeon Richter, an independent pharmaceutical Ground-breaking contributions to life sciences multinational based in Hungary, the solid operating were made, such as the first synthesis and of its research and development activity is a priority. mass production of Vitamin C, led by Nobel The favorable economic environment make it possible laureate Hungarian scientist, Albert Szent- for us to maintain a high engagement of Hungarian Györgyi. brainpower, a key to our successful international presence." Life Sciences in Hungary 19 LIFE SCIENCES IN HUNGARY GLAXOSMITHKLINE REFERENCES GSK is a three legged company group in Hungary. GSK Pharma deals with prescription drugs, vaccines and provides medical information. GSK Consumer Healthcare offers over the counter products SANOFI and is one of the key healthcare companies in Hungary. GSK Vaccines has a cutting Sanofi Hungary is a healthcare leader edge production site in Gödöllő. Gödöllő has which mission is to improve the health a key role in producing purified Diphtheria THOSE conditions and quality of life of Hungarians and Tetanus antigens which are used in focusing on patients’ needs. Sanofi offers DT containing vaccines all over the world. WHO HAVE therapeutic solutions for healthcare During last two years GSK invested more problems in diabetes, oncology, human CHOSEN HUNGARY than EUR 55 million in Hungary. These vaccines, innovative drugs, consumer investments help secure the long-term healthcare and rare diseases. Sanofi is supply of two of our vaccines to meet Hungary’s 21st largest company in terms global demand, improve the technology EGIS (SERVIER) of sales, the 16th largest exporter and the Egis – established in 1913, now member of on site and involve the creation of more 2nd largest pharmaceutical company in the Servier group – is one of the leading than 110 new jobs. terms of domestic sales. With 100 years of generic pharmaceutical companies of the history and 2000 employees working on CEE region. Egis has 4,364 employees, the 4 sites (Csanyikvölgy, Nagytétény, Újpest, company operates subsidiaries and offices and Veresegyház), Sanofi is present in in 18 countries and its products are available Hungary with a wide range of activities: in 62 countries. Egis’ activities cover the GEDEON RICHTER Development, Production, Commercial The nation’s first large-scale phar- whole pharmaceutical value chain from and Distribution. maceutical producer, Richter was R&D, active ingredient and finished product established in 1901 and remains the manufacturing to sales and marketing. national flagship manufacturer. The In 2013 Egis launched the first biosimilar largest independent drug maker in monoclonal antibody in the EU. CEE, the company operates a highly regarded R&D centre, employing ca. 1,000 people. Richter runs joint research programs with more than 30 leading Beáta Szörényi university faculties and academic General Manager research institutes. The company is Sanofi Hungary also active in original research, which is mainly focused on diseases of the central nervous system. "With regards to innovation in the pharma sector Hungary is an attractive place and is among the top 10 countries in Europe in terms of the number of conducted clinical trials, bringing 300 million Euros of investment to the country every year." Life Sciences in Hungary 21 Samuel Shaw LIFE SCIENCES IN HUNGARY General Manager SUCCESS STORIES GlaxoSmithKline Ltd. "Highly educated professionals, an advantageous geographic setting and a supportive environment for investment have been the key drivers to make this development in Hungary." RECENT September, 2017 SUCCESS Béres Gyógyszergyár Zrt.