With major investments from automotive giants like Audi, Mercedes-Benz, and BMW, Hungary has emerged as Europe’s hotspot for EV manufacturing and plays a vital role in Europe’s electric transition goal to only sell EVs by 2035.
Hungary has strong diplomatic and economic ties with many Asian countries, which simplifies and encourages market entry. These include tax breaks, grants, and subsidies, particularly for investments in high-tech industries, manufacturing, and research and development.
Hungary offers a skilled workforce which is quickly upskilling with several international R&D hubs, while it also offers competitive operational costs.
To stimulate the country’s development, Hungary has very favourable tax schemes, including one of the lowest flat corporate tax rates in Europe at 9%.
Bordering Austria, Slovakia, Ukraine, Romania, Serbia and Croatia with excellent air cargo and motorway connections, Hungary is seated at an ideal junction between rapidly industrialising economies of CEE and more mature Western Europe.
Hungary joined the EU in 2004, and is also a member of the UN, OECD, WTO, NATO, IMF and EC, offering a reliable legal framework for business which is essential for long-term investments.
At CTP, we embrace the uniqueness of every business and the need for flexible property solutions. Our leasing options provide the adaptability for scaling and relocation without the burdens of ownership.
Our parks are vibrant centres with a diverse community of over 1,000 companies. From innovative local startups to renowned global enterprises, spanning high-tech to e-commerce, the CTPark Network fosters a dynamic environment where success stories thrive.
In December 2023, CTP signed a contract with Scan Global Logistics Kft., which occupies almost 13,000 square metres of space in CTPark Budapest East’s ULL2 Hall. Thanks to the quickly established excellent partnerships and the flexible services offered, the logistics provider added an additional 7,800 m2 of leased space in the first quarter of 2024 in the ULL3 building, which is currently undergoing BREEAM certification.
In the first quarter of 2024, CTP signed a lease contract with logistics provider iLogistic for an additional 2,000 square metres. The company will thus occupy a total of 13,000 m2 of space in the ever-evolving BIA3 Building of CTPark Budapest West. Here, it will not only benefit from flexible services but also have the opportunity for ongoing expansion of its space.
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