The manufacturing industry is the most important direct factor determining the GDP in Hungary, which also fundamentally affects other industries’ contribution to the GDP. The sector is characterised by a dynamic market environment and fierce competition. On the domestic market, the greatest challenges are the increasing tax burden, changes to the regulatory environment, high exchange rate volatility and the characteristics of the local labour market (skills and costs of the workforce).
© 2017 - 2019 PwC. All rights reserved. “PwC” refers to PricewaterhouseCoopers Auditing Ltd. and PricewaterhouseCoopers Hungary Ltd. which are member of the PwC network. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.