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Hungary in the heart of Europe

Hungary in the heart of Europe. Hungary in the heart of Europe. Hungary and bordering countries. Employment in Hungary. Number of employed : 3 909 000 Unemployed : 328 000 Unemployment rate : 7,7 % Average salary : 730 € (pre tax) 580 € net for employees and 340 € for skilled workers.

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Hungary in the heart of Europe

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  1. Hungary in the heart of Europe

  2. Hungary in the heart of Europe

  3. Hungary and bordering countries

  4. Employment in Hungary • Number of employed : 3 909 000 • Unemployed : 328 000 • Unemployment rate : 7,7 % • Average salary : 730 € (pre tax) • 580 € net for employees and 340 € for skilled workers Source: Hungarian Central Statistical Office

  5. Sustainable macroeconomic growth,EU-member since 2004 GDP growth of 3.2% is expected this year with a 5% improvement of the business sector’s performance Industrial production growth is estimated to keep its pace at around 8% Export growth of 13% is forecast Unemployment rate is expected at 7.4% Average wage: € 712 Average inflation rate will be around 5% Economy Forecast 2008 GDP Output Employment and wages Inflation

  6. Austerity measures in 2006 aimed at reducing the budgetdeficit. • Endeavours to adopt the Euro to curb the inflation. • In medium term Hungary is expected to meet the Maastricht criteria.

  7. Hungarian Foreign Trade, 2006 Hungarian Exports: EUR 58.9 billion Hungarian Imports: EUR 61.3 billion Source: Hungarian Central Statistical Office

  8. Hungarian Foreign Trade, 2006 Hungarian Exports: EUR 58.9 billion Hungarian Imports: EUR 61.3 billion Source: Hungarian Central Statistical Office

  9. Structure of the Corporate Sector in Hungary in % Source: Ministry of Economy and Transport

  10. Cumulated FDI* in Hungary in million euros 66,823 Source: National Bank of Hungary, Ministry of Economy and Transport * Including reinvested earnings from 1995

  11. Economic Freedom Ratings Country with ranking Number of countries assessed: 123 Source: Fraser Institute

  12. High Performing Sectors • Automotive industry • Electronics • ICT • Life sciences • Renewable Energy • Logistics

  13. TOP 200 Hungarian companies (by revenue) by sector Trade (42) Energy (34) Transportation manuf.(22) Electronics (14) Food (20) Services (18) Forrás: HVG, 2007 január

  14. Services give 56% of the GDP Major branches in manufacturing: Electronics (24%) Food (13%) Transportation equipment (11%) Chemicals (10%) In services: Financial services (34%) Public (28%) Trade and tourism (19%) GDP production by sector (2006) Forrás: KSH

  15. Venture capital The interest of the venture capital has grown in the knowledge intensive sectors. Investment volumes/project have declined to the € 1-1.5 million range. • Priority sector of the Hungarian Venture Capital Association include: • Telecom, media, financial service, pharmaceuticals, biotechnology, logistics, environment, nanotechnology

  16. Automotive High Performing Sectors Production Value EUR 10.6 billion 18.6% of total industrial production and 13.4% of total exports Total number of companies: 634 Number of companies with quality certificates: ~ 250 Advanced automotive systems in place: ~ 110 companies Total number of employees: ~ 97,000 people Export ratio: - car manufacturers 94% - engine and component manufacturers: 88% Most important export market: European Union Sales in 2006: Passenger cars: 187,842 pcs Commercial vehicles & buses: 28,154 pcs Motorcycles: ~15,000 pcs

  17. Machinery High Performing Sectors Production Value: € 36 billion Total number of companies: 18 500 Total number of employees: 250 000 Export ratio: 67% Most important export market: EU-27 Total FDI stock: € 10 billion Interest of foreign investors has been sustained. Latest invetments include: Atlas Copco (S), Sematic (I), Widenemann (G), AKE (G),

  18. Electronics High Performing Sectors • Hungary is the largest electronics • producer andexporter in the CEE regionby providing 40% of theregional outputand nearly 50% of the exports. • Production Value: USD 19 billion • 29% of total manufacturing production • 29.4% of total exports • Total number of companies: 9,000 • Total number of employees: 135,000 • Export ratio: 87%

  19. High Performing Sectors Electronics ICT • Hungary has the second highest share of ICT goods in the country’s export in the OECD • Hungary has the highest per capita ICT expenditure in the CEE region • The Hungarian ICT market grew with 50% between 2002-2007 • Highly skilled, cost efficient labour pool, growing number of IT graduates • Strong cooperation between business and academia in R&D, like Nokia, Ericsson, IBM, CISCO, SAP, Oracle, SUN

  20. Budapest 161,300 Debrecen 25,200 Miskolc 13,600 Pécs 33,100 Pécs Veszprém 10,600 Szeged 30,00 Well trained, creative and flexible human capital • Number of institutions in higher education: 71 • Number of students in higher education:416.4 thousand • Majoring in: • Business and Administration: 105 th • Informatics: 17.7 th • Number of graduates in 2007: 57.7 th 90%of students speak English 2nd most popular foreign language: German Followed by: French, Italian, Spanish All diploma with foreign languagecertificate and computer skills!

  21. Training in Hungarian enterprises Professional trainings appeared after 1989 as a request by international and multinational companies Diffusion of trainings by 2004 similar to the development of economy Open trainings are much less diffused than company trainings Average time : 4-5 / person / year

  22. Training in Hungarian enterprises • Most of the trainings for : • middle managers • sales and customer service • top managers • low level managers and employees

  23. Training in Hungarian enterprises Interactive training solutions (distant training and e-learning) are slowly diffusing E-learning has gained territory in public institutions and among big companies : telecommunication and information technology Effective : high number of participants regular trainings short units Multinational companies use existing e-learning curricula in English without adapting it to local circumstances and are still trying to select the suitable solutions

  24. Training in Hungarian enterprises • According to experts e-learning is used mainly in the following fields : • new employees • management trainings • sales • labour safety and fire prevention • language • IT

  25. Training in Hungarian enterprises SMEs are still not open (lack of funds and interest) On the training market traditional methods are prevailing (off-line) Lack of expertise In Hungary self-education does not have tardition Human factor is very important

  26. Training in Hungarian enterprises Increasing effectiveness by mixing electronic curricula with traditional training methods Hungarian companies do not possess necessary expertise to introduce blended learning systems Some examples (IQ Consulting) : British-American Tobacco Hungary : Actions against smoking, restrictions in advertising change management Training for a high number of employees to support change in mentality / attitude in a fast, practical and cost-effective way

  27. Training in Hungarian enterprises me-Learning : Change Management course to integrate existing training Simulation + 2 workshops Positive feedback, positive results Hungarian Post One of the largest employers in Central Europe Liberalization of the market changes in organization and culture Training for 1000 medium managers me-Learning : Change Management course Electronic simulation + opening and closing workshops

  28. Founded in 2002 • Supporting SMEs to increase competitiveness in Europe • Activities : • Consulting to SMEs on European funds, project planning and project management • Organization of trainings, conferences • Realization of projects on innovation for SMEs • Market research

  29. Projects 2005 – 2007 : EQUAL : reintegration of women with small children in the labour market http://www.eselybolcsodeje.org Leonardo Program – ISI : Innovation through Services in Industry ESF Art. 6 – SAM : Senior Age Management

  30. Leonardo Program - E-district CIPRO : European Distant Training Interactive and Collaborative Tools for Civil Protection Projects 2008 – 2009 : EQUAL : Dissemination and mainstreaming of results Asia Invest : supporting business relations between Asian and European enterprises in the food processing sector

  31. Projects 2008 – 2009 : Leonardo Innovation Transfer Projects Leonardo SILVER : toolbox for age management Leonardo METAL : development of the European Qualification Framework Leonardo BELT : Blended learning transfer

  32. Kopernikusz Association 1056 Budapest, Váci u. 81. Tel : +36 1 4113356 or 4113357 Fax : +36 1 2695625 E-mail : info@kopernikusz.hu a.medgyesi@kopernikusz.hu Web : www.kopernikusz.hu

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