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With the automotive industry on the motorway of growth – Automotive trends on the Slovak-Hungarian axle

The European automotive industry is undergoing a period of transformation, which will result in a bigger market share for East-Central Europe. A comprehensive industry strategy would greatly improve Hungary’s growth potential, pointed out our experts. In addition to the existing cost advantages – e.g. cheap labour force and favourable tax environment – this strategy should be based on innovation, research and development, and a highly skilled workforce. The study was prepared on the basis of responses to the Hungarian, Slovak and Global CEO Surveys.