Hungary: Always Ready for Business

The victory of Péter Magyar in Hungary’s recent parliamentary elections has drawn significant attention across Europe. The winning Tisza Party has made it clear that it wants greater cooperation with Brussels. This shift has created a sense of optimism among investors, with expectations that up to €40 billion in EU funds could be unlocked, further boosting economic growth, infrastructure, and consumer spending.

The new PM-elect has also signalled that Chinese FDI remains welcome.

With this, Hungary now finds itself in a unique position, as China over the past decade has become its number one source of FDI, led by several large-scale investments in electric vehicle and battery production, among other sectors of the economy.

This makes Hungary both a strategic European hub for Chinese investors and a centre of EV innovation in Europe. Chinese majors like CATL, BYD, and NIO, among others, are already up and running, as are new EV projects from BMW and Mercedes-Benz.

An EU-friendly government in Budapest is more likely to encourage European companies to bring supply chains closer to Hungary’s rapidly expanding Chinese manufacturing base. Will Hungary’s EV automotive cluster become the place where East and West don’t just meet but succeed together? We think so.

Change brings opportunity. As the market leader in Hungary, CTP has a large network of strategically located, development-ready industrial & logistic parks across the country—supporting both new market entrants and the expansion plans of our existing clients.

In a changing world, CTP remains a stable partner.