Manpowergroup Employment Outlook Survey Hungary

Total Page:16

File Type:pdf, Size:1020Kb

Manpowergroup Employment Outlook Survey Hungary ManpowerGroup Employment Outlook Survey Hungary Q2 2018 SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 1 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 The ManpowerGroup Employment Outlook Survey for the second quarter 2018 was conducted by interviewing a representative sample of 750 employers in Hungary. All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of June 2018 as compared to the current quarter?” Contents Hungary Employment Outlook 2 Regional Comparisons 3 Sector Comparisons 8 Organisation-Size Comparisons 14 About the Survey 15 About ManpowerGroup® 16 Hungary Employment Outlook 2 ManpowerGroup Employment Outlook Survey SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWERCLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 2 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Hungary Employment Outlook Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted %%%%%% Apr-June 2018 23 273221 18 Jan-Mar 2018 15 478311 13 Oct-Dec 2017 21 572216 18 July-Sep 2017 24 3 70 3 21 20 Apr-June 2017 23 371320 17 Hungary +18 (+21)% Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Hungary joined the survey in Q3 2009. No bar indicates Net Employment Outlook of zero. Hungarian employers report optimistic hiring plans for Throughout this report, we use the term “Net the second quarter of 2018. With 23% of employers Employment Outlook.” This fi gure is derived by taking anticipating an increase in staffi ng levels, 2% the percentage of employers anticipating total forecasting a decrease and 73% expecting no employment to increase and subtracting from this the change, the resulting Net Employment Outlook is percentage expecting to see a decrease in +21%. employment at their location in the next quarter. The result of this calculation is the Net Employment Once the data is adjusted to allow for seasonal Outlook. variation, the Outlook stands at +18%. Hiring intentions improve by 5 percentage points when From this point forward, all data discussed in the compared with the previous quarter, while remaining commentary is seasonally adjusted, unless stated relatively stable in comparison with 2Q 2017. otherwise. 3 ManpowerGroup Employment Outlook Surveys ManpowerGroup Munkaerő-piaci Előrejelzés 3 SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_GLOBAL_4COL_A4_ENG PAGE: 3 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Regional Comparisons Employers in all eight regions forecast an increase in percentage points stronger. Elsewhere, increases of 7 staffing levels during 2Q 2018. The strongest labor percentage points are reported in two regions – market is anticipated in Central Transdanubia, where Central Transdanubia and Northern Hungary. employers report a healthy Net Employment Outlook However, hiring intentions weaken by 2 percentage of +22%. Job seekers in both Northern Great Plain points in both Budapest and Western Transdanubia. and Northern Hungary can expect an upbeat hiring Hiring plans improve in four of the eight regions when pace, with Outlooks standing at +20%, while the compared with this time one year ago. The most Budapest Outlook is +19%. Elsewhere, employers notable increase of 11 percentage points is reported in forecast steady job gains with Outlooks of +18% in Northern Great Plain, while Outlooks are 7 percentage both Central Hungary and Southern Great Plain, and points stronger in both Central Transdanubia and the Outlook for Western Transdanubia is +16%. Northern Hungary. Meanwhile, Outlooks weaken in Meanwhile, the weakest regional Outlook of +13% is three regions. Western Transdanubia employers report reported in Southern Transdanubia. a decline of 6 percentage points, while employers in When compared with the previous quarter, hiring Central Hungary and Southern Transdanubia report prospects strengthen in six of the eight regions. decreases of 5 and 3 percentage points, respectively. Northern Great Plain employers report the most noteworthy improvement of 14 percentage points, while the Southern Transdanubia Outlook is 9 Net Employment Outlook Seasonally Adjusted Outlook 20 Budapest 19 20 Southern Great Plain 18 18 Southern Transdanubia 13 25 Northern Great Plain 20 19 Northern Hungary 20 28 Central Transdanubia 22 21 Central Hungary 18 19 Western Transdanubia 16 0510 15 20 25 30 4 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 4 SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 4 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +19 (+20)% Budapest Employers anticipate an upbeat hiring pace in the coming quarter, reporting a Net Employment Outlook of +19%. Hiring prospects decline by 2 percentage points when compared with the previous quarter, but are unchanged when compared with the second quarter of 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10-1 -20-2 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +18 (+21)% Central Hungary Job seekers can expect a favorable hiring climate in the April-June time frame, according to employers who report a Net Employment Outlook of +18%. The Outlook is 2 percentage points stronger quarter-over-quarter, but declines by 5 percentage points when compared with this time one year ago. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. 5 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 5 SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 5 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +22 (+28)% Central Transdanubia The strongest labor market since the survey began nine years ago is anticipated in the second quarter of 2018. Employers report an optimistic Net Employment Outlook of +22%, improving by 7 percentage points both quarter-over-quarter and year-over-year. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +20 (+25)% Northern Great Plain With a Net Employment Outlook of +20%, employers forecast an upbeat hiring pace in the forthcoming quarter. Hiring prospects improve by a considerable margin of 14 percentage points when compared with the previous quarter, and are 11 percentage points stronger in comparison with the second quarter of 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 4040 30 20 1010 0 -10-1 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. 6 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 6 SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 6 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +20 (+19)% Northern Hungary Employers anticipate the strongest hiring climate in more than two years, reporting a Net Employment Outlook of +20% for the next three months. Hiring intentions improve by 7 percentage points both quarter-over-quarter and year-over-year. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 -30 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +20 (+18)% Southern Great Plain Job seekers can expect to benefit from the strongest labor market since the survey began nine years ago during the April-June period. Employers report a hopeful Net Employment Outlook of +18%, improving by 2 percentage points when compared with the previous quarter, and by 4 percentage points when compared with this time one year ago. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Hungary joined the survey in Q3 2009. No bar indicates Net Employment Outlook of zero. 7 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 7 SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 7 ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +13 (+18)% Southern Transdanubia Reporting a Net Employment Outlook of +13%, employers forecast respectable payroll gains in 2Q 2018. Hiring plans are 9 percentage points stronger in comparison with 1Q 2018, but decline by 3 percentage points when compared with the second quarter of 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +16 (+19)% Western Transdanubia Employers anticipate a steady hiring pace in the upcoming quarter, reporting a Net Employment Outlook of +16%. However, hiring prospects decline both quarter-over-quarter and year-over-year, decreasing by 2 and 6 percentage points, respectively.
Recommended publications
  • FOUNDATION Regional Analysis PBN ENG V2
    HUNGARIAN REGIONAL ANALYSIS BUILDING REGIONAL RESILIENCE TO INDUSTRIAL STRUCTURAL CHANGE West-Transdanubian Region - Hungary Hungarian Partner Project Partner: Pannon Business Network Association Website Twitter https://www.interregeurope.eu/foundation/ @FOUNDATION_EU CONTENT INTRODUCTION ..................................................................................................................................... - 2 - Foundation Project partners ..................................................................................................... - 2 - Hungary – West-Transdanubian Region ................................................................................... - 3 - Regional Population and Industrial Statistics ........................................................................... - 6 - Economic Resilience across Europe ......................................................................................... - 12 - Hungry (Győr) – NUTS2 Nyugat-Dunántúl .............................................................................. - 13 - Industrial Restructuring in the West-Transdanubian Region .................................................. - 16 - Key policy players in the West-Transdanubian Region ........................................................... - 22 - Economic Restructuring – Case Study ..................................................................................... - 28 - INDUSTRY IN TRANSITION - CASE STUDY .....................................................................................
    [Show full text]
  • S. Transdanubia Action Plan, by Pécs-Baranya, HU
    Cultural and Creative Industries (CCIs) contribution to Cultural and Creative Tourism (CCT) in Europe Action Plan for South Transdanubia, Hungary ChamMap of partnerber of are Commercea / Partner info and Industry of Pécs- Baranya May 2021 Cultural and Creative Industries contribution to Cultural and Creative Tourism in Europe _________________________ © Cult-CreaTE Project Partnership and Chamber of Commerce and Industry of Pécs-Baranya, Hungary This publication may be reproduced in whole or in part and in any form for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgement of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Cult-CreaTE Project Management and Coordination Unit and the respective partner: Chamber of Commerce and Industry of Pécs-Baranya Citation: Interreg Europe Project Cult-CreaTE Action Plan Chamber of Commerce and Industry of Pécs- Baranya, Hungary The Cult-CreaTE Project Communications unit would appreciate receiving a copy of any publication that uses this action plan as a source, sent to e-mail: [email protected] Disclaimer This document has been prepared with the financial support of Interreg Europe 2014-2020 interregional cooperation programme. The content of the document is the sole responsibility of Chamber of Commerce and Industry of Pécs-Baranya and in no way reflect the views of the Cult-CreaTE partnership, the European Union institutions, nor the Managing Authority of the Programme. Any reliance or action taken based on the information, materials and techniques described within this document are the responsibility of the user.
    [Show full text]
  • An Attempt for the Measurement of Regional Competitiveness in Hungary
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lukovics, Miklos; Lengyel, Imre Conference Paper An Attempt for the Measurement of Regional Competitiveness in Hungary 46th Congress of the European Regional Science Association: "Enlargement, Southern Europe and the Mediterranean", August 30th - September 3rd, 2006, Volos, Greece Provided in Cooperation with: European Regional Science Association (ERSA) Suggested Citation: Lukovics, Miklos; Lengyel, Imre (2006) : An Attempt for the Measurement of Regional Competitiveness in Hungary, 46th Congress of the European Regional Science Association: "Enlargement, Southern Europe and the Mediterranean", August 30th - September 3rd, 2006, Volos, Greece, European Regional Science Association (ERSA), Louvain-la-Neuve This Version is available at: http://hdl.handle.net/10419/118311 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence.
    [Show full text]
  • The Northern Great Plain Ideal Destination for Families
    THINK HUNGARY, MORE THAN EXPECTED THE NORTHERN GREAT PLAIN Ideal destination for families A waterpark and spa redolent of the Mediterranean all year round WELCOME! TRAVEL OppORTUNITIES IN THIS REGION OF HUngARY Health is precious to us all A world heritage site and an excellent and grows even more so in our tourist destination, Hortobágy, Europe’s most extensive contiguous grassland is accelerated lives! The Northern a unique example of balanced co-ex- Great Plain Region offers both istence between nature and traditional physical and spiritual rejuvena- herding culture. tion and helps us to downshift, The site of Europe’s largest aqua park take a break and recover from and a foremost spa town, Hajdúszoboszló exhaustion and stress, even attracts many international visitors. Medicinal thermal water gushing if for short periods only. forth from the depths of the earth has led A unique landscape offered to the evolution of a sophisticated bath by the tranquil Hungarian culture. Medicinal baths, thermal spas, “puszta” and the picturesque excellent services and expertise combine Tisza valley is ideal for outings to superbly cater to the needs of young and old alike. The region is ideal for both physical and spiritual rejuvenation and can be explored by bike, by boat, or on horseback. The romantic landscape, the serenity of nature and the delicious local cuisine are an irresistible attraction for tourists. Animals endemic to the Hungari- an “puszta” (grassland/pasture), e.g. grey cattle and Mangalitsa pigs, serve as in- gredients of unsurpassable quality for healthy food. Plums and apples grown in the region are processed into jam and dried delicacies or “pálinka”.
    [Show full text]
  • Individual Regional Baseline Report on Low Carbon Investments Funding – Southern Great Plain Region
    CAPACITY BUILDING WORKSHOP BUDAPEST, 29 October, 2019 Individual Regional Baseline Report on Low Carbon Investments Funding – Southern Great Plain Region PROSPECT2030 | AACM Central Europe | Károly Oelberg INVESTMENTS FUNDING PP8 – SOUTHERN GREAT PLAIN Introduction Types of Funding Decentralised Other EU Funding in initiatives Hungary – Operational Programmes Joint EU/IFI National Cooperation with initiatives initiatives private stakeholders TAKING COOPERATION FORWARD 2 INVESTMENTS FUNDING PP8 – SOUTHERN GREAT PLAIN Types of investments funding 1. Decentralised funds made available from the ESI Funds 2. EU low-carbon initiatives 3. EU low-carbon initiatives in collaboration with IFIs 4. National funding schemes 5. Cooperation with private stakeholders TAKING COOPERATION FORWARD 3 INVESTMENTS FUNDING PP8 – SOUTHERN GREAT PLAIN Decentralised EU funds in Hungary Total budget: 29 730 million EUR Total EU fund: 25 013 million EUR Relevant OP budget: 16 569 million EUR Relevant OP EU funding: 14 341 million EUR Relevant PA budget: 2 744 million EUR Relevant PA EU funding: 2 389 million EUR TAKING COOPERATION FORWARD 4 INVESTMENTS FUNDING PP8 – SOUTHERN GREAT PLAIN Economic Development and Innovation OP PRIORITY AXES: ▪ Priority axis 1: Increasing the competitiveness and productivity of SMEs ▪ Priority axis 2: Research, technological development and innovation ▪ Priority axis 3: Info-communication developments ▪ Priority axis 4: Energy ▪ Priority axis 5: Employment ▪ Priority axis 6: Competitive labour force ▪ Priority axis 7: Tourism ▪ Priority
    [Show full text]
  • Regional Comparison of Farms on the Basis of the Fadn Database
    REGIONAL COMPARISON OF FARMS ON THE BASIS OF THE FADN DATABASE PESTI, CSABA - KESZTHELYI, KRISZTIÁN - Dr. TÓTH, TAMÁS SUMMARY The territorial structure of Hungarian farms was investigated. The results obtained proved once again that Hungarian farms cannot be dealt with in a uni­ form way, because the differences between regions they take place in require dif­ ferent approach. According to the results obtained so far the three Transdanubian regions lo­ cated in Transdanubia, the western part of Hungary, are more or less equal in respect of farm size, labour productivity, and profitability. Therefore it is recom­ mended to treat these regions in agricultural policy as a uniform system. The efficiency of farms in the regions of Northern Hungary and Northern Great Plain is lower as compared to other regions. Therefore it is recommended to support alternative measures aimed at the improvement of labour productivity in these regions. The region of Central Hungary also requires a different system of subsidies: here, horticulture producing higher value added should he supported to a greater extent in order to enable the farmers of the region to compete with imported goods and meet the changing demands of consumers. Although the present research is in its initial stage, it enabled several conse­ quences to be drawn, naturally without completeness. Therefore in the future it will be extended to several additional fields, such as the examination of farming co­ operatives, or a deeper investigation of livestock and crop farming. Research will be completed also by a number of statistical methods, e. g. deviation, correlation, including the simultaneous evaluation of non-agricultural economic indices, since agriculture is largely influenced by the general development of a region.
    [Show full text]
  • The Economic and Geographical Aspects of the Status of Small-Scale Photovoltaic Systems in Hungary—A Case Study
    energies Article The Economic and Geographical Aspects of the Status of Small-Scale Photovoltaic Systems in Hungary—A Case Study Gábor Pintér 1,2,3,*, Henrik Zsiborács 2,Nóra Heged ˝usné Baranyai 2, András Vincze 2 and Zoltán Birkner 2 1 IASK Institute of Advanced Studies, 9730 K˝oszeg,Hungary 2 Faculty of Engineering, Nagykanizsa Campus, University of Pannonia, 8800 Nagykanizsa, Hungary; [email protected] (H.Z.); [email protected] (N.H.B.); [email protected] (A.V.); [email protected] (Z.B.) 3 Festetics Doctoral School, Georgikon Faculty, University of Pannonia, 8360 Keszthely, Hungary * Correspondence: [email protected]; Tel.: +36-30-373-8550 Received: 7 June 2020; Accepted: 3 July 2020; Published: 6 July 2020 Abstract: The use of solar energy is an obvious choice; the energy of the sun is not only indispensable for most processes in nature but it is also a clean, abundant, sustainable, and—most importantly—universally available resource. Although the further spread of photovoltaic systems, which make use of this source of energy, is expected in the future all around the world, no comprehensive investigation has been conducted into the current situation of the small-scale photovoltaic power plants in Hungary, where this type of photovoltaic system is the most popular. By means of a case study, whose novelty lies in its focus on small-scale power plants and their complex examination, including economic and geographic indicators, this paper analyzes their status in Hungary. The study endeavors to establish the reasons for the popularity of this type of power plant and to identify some typical geographical locations with well-illustrated photovoltaic density.
    [Show full text]
  • Developments Related to Tourism and Their Effects in Debrecen Following the Turn of the Millennium (Northern Great Plain Region, Hungary) Success Or Failure?
    TURIZAM Volume 17, Issue 2 71-83 (2013) Developments Related to Tourism and Their Effects in Debrecen Following the Turn of the Millennium (Northern Great Plain Region, Hungary) Success Or Failure? Mária Vasvári, Katalin Martonné Erdős, Richárd Molnár* Received: Aprile 2013 | Accepted: May 2013 Abstract The present paper focuses on the developments related to tourism and their effects in Debrecen, the largest city in the Northern Great Plain Region most of all in the time period after the country joining the European Union. The tourist industrial development regarding the infrastructure and suprastruc- ture in Debrecen are presented. These developed further the traditionally popular attractions (Great Forest) of the city. Relationship between the demand and reception conditions are described reflect- ing statistic data and the role of Debrecen in the market is analysed in relation to several other greater towns of the country. Data reveal that the number of visitors did not increase despite the developments related to tourism in the years following the turn of the millennium, even so it decreased after 2008 similarly to other greater towns of the country. Our questionnaire survey performed among the inhabitants and visitors as well revealed that the real- ized investments and the produced new attractions have only a slight role in attracting the target- audi ence. Still the traditionally popular attractions attract most of the visitors to Debrecen therefore the most important task for the leaders of the Debrecen-Hortobágy Tourism Destination Management founded in 2010 is to propagate the new attraction elements. Key words: Debrecen (Hungary), urban tourism, tourism developments, tourists’ and local resi- dents’ attitude, development opportunities Introduction Towns are specific destinations.
    [Show full text]
  • Győr: How to Compete with Capital Cities © European Investment Bank, 2019
    v city, transformed GYŐR How to compete with capital cities Éva Gerőházi Iván Tosics city, transformed GYŐR 1 GYŐR How to compete with capital cities Éva Gerőházi Iván Tosics Győr: How to compete with capital cities © European Investment Bank, 2019. All rights reserved. All questions on rights and licensing should be addressed to [email protected] The findings, interpretations and conclusions are those of the authors and do not necessarily reflect the views of the European Investment Bank. Get our e-newsletter at www.eib.org/sign-up pdf: QH-04-18-863-EN-N ISBN 978-92-861-3887-4 doi:10.2867/026239 eBook: QH-04-18-863-EN-E ISBN 978-92-861-3885-0 doi:10.2867/62510 4 city, transformed GYŐR Located between three European capital cities, Győr has to work hard to attract investment and jobs. The Hungarian city has set itself up to attract innovative companies, creating new urban values such as education-based innovation, a high-quality urban environment and a lively cultural sphere. Here’s how a “secondary city” builds on its industrial past even as it breaks away from its dependence on it. Győr is a Hungarian “secondary city” close to Vienna, Bratislava and Budapest. These three capital cities attract most of the development potential in the area, making it difficult for smaller cities such as Győr to attract the headquarters of international companies or to develop large-scale new urban areas. Győr’s response has been to focus on “smart specialisation” in line with its broader innovation-based development concept.
    [Show full text]
  • Investing in Hungary 2021 About Hungary
    Investing in Hungary 2021 About Hungary Area: approx. 93,000 km2 Population: 9.77 million (2020) National currency: Hungarian forint (HUF) Capital city: Budapest (pop.: 1.7 million) Time zone: CET/CEST GDP: EUR 135.9 billion (at market prices in 2020, Eurostat) Key sectors Why Hungary? Automotive is one of Hungary’s core Favorable location industries, employing a total of approx. 170,000 people, producing roughly The easy accessibility of Hungary is often cited as one of its main advantages: 20% of total exports. Electronics, it is at the crossroads of three major European transport corridors. Hungary has ICT, pharmaceuticals and medical one of the highest motorway densities in Europe and has three international-, technology and renewable energy are and four regional business airports. The country’s location enables companies also increasingly important, as the to have morning calls with Asian countries and afternoon calls with the USA, country is shifting towards an R&D and which makes Hungary a preferred location for shared service centers as well. innovation focus. The food industry The climate of the country lacks extremes and can be considered a typical may also be considered a traditionally continental climate. important sub-sector of the economy. The last two decades have shown that Attractive human capital Hungary, with its skilled labor force, is an ideal country for the operation of Hungary provides a well-qualified workforce at an advantageous cost. The shared service centers. labor force consists of 4.5 million individuals (in July-September 2020), and the unemployment rate is 4.4% (in July-September 2020).
    [Show full text]
  • The Regional Competitiveness of Hungary
    Modern Economy, 2014, 5, 1107-1113 Published Online November 2014 in SciRes. http://www.scirp.org/journal/me http://dx.doi.org/10.4236/me.2014.512102 The Regional Competitiveness of Hungary Lu Huang1, Sezgin Hergül2 1Department of Business Administration, Jinan University, Guangzhou, China 2Department of International Business, Poznan University of Economics, Poznan, Poland Email: [email protected] Received 19 September 2014; revised 24 October 2014; accepted 7 November 2014 Copyright © 2014 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). http://creativecommons.org/licenses/by/4.0/ Abstract This Report focuses on the regional competitiveness analysis of Hungary. Eight aspects are taken into consideration, which are Economics, Education and Learning, Innovation, Labor Market Effi- ciency, Infrastructure, Health, Farm, Environment Protection and Crimes. The final results show that Közép-Magyarország (Central Hungary) is the most competitive region which gets 68.46, while Észak Magyaroszág (Northern Hungary) which scored 24.23 is the least competitive region. Cultural and heritage, natural features, higher stage of urban/economic development, R & D sector and high level business services are the main advantages of Közép-Magyarország (Central Hun- gary). However, for the least competitiveness region Észak Magyaroszág (Northern Hungary), more attention should be paid to infrastructure construction, labor mobility, institution efficiency, promotion of innovation, business environment, improvement of education and health and envi- ronment protection. Keywords Regional Competitiveness, Hungary 1. Introduction In economic life and beyond, competition is one of the most fundamental sources of mobilization and creativity and it has immense impact on regional development and growth.
    [Show full text]
  • Public Opinion in Hungary
    Public Opinion in Hungary November 30 – December 20, 2017 Detailed Methodology • The survey was conducted on behalf of the Center for Insights in Survey Research by Ipsos Hungary Zrt. • Data was collected between November 30 and December 20, 2017 through face-to-face interviews. • Sample size: (n=1,128). • Margin of error: Plus or minus 3.20 percent with 95 percent confidence level. • The sample is comprised of Hungarian citizens aged 18 years and older. • Regions included in the sample are: Central Hungary; Central Transdanubia; Western Transdanubia; Southern Transdanubia; Northern Hungary; Northern Great Plain; and the Southern Great Plain. The sample includes both urban and rural inhabitants. Inhabitants of poorly accessible, remote parts of the country (comprising approximately 1% percent of the population) were excluded from the sample. • The sample design was a three-stage, random sample. • Stage One: Primary sampling unit—settlements • Stage Two: Secondary sampling unit—addresses • Stage Three: Tertiary sampling unit—respondent (selected individuals within randomly selected address by using quotas based on age and gender). • Figures in charts and tables may not add to up 100 percent due to rounding error and/or multiple choice answers. 2 General Perceptions: State of the Country Overall, would you say that Hungary is heading in the right or wrong direction? 4% 38% 58% Right direction Wrong direction Don’t know/Refused to answer 4 In your opinion, what is the most urgent problem facing Hungary? (Open-ended, first answer) Immigration
    [Show full text]