Hungarian Watch Summer 2017
Hungarian Watch editions
Will Hungary be the Next Home Country for Tesla Gigafactory 2?
A Potential New Player in the Hungarian Driving Production
The automotive industry is one of the great success stories in Hungary and now the biggest investment in the last years is about to drive into town. Elon Musk, the CEO of Tesla, has announced that Tesla intends to set up the next gigafactory in Europe. Hungary is one of the potential countries which is on his map as the new investment for Tesla. This would be a new milestone in the Hungarian automotive sector. The ball is now in Tesla’s court.
New Hope for the Hungarian Trust Market
On the Way to a More Flexible, Simple and Transparent Trust Regulation
A new amendment of the trust regulation was adopted in the Hungarian Parliament this summer. The new rules aim to increase Hungary’s competitiveness and bring a more stable and business-friendly atmosphere to the Hungarian trust market. They will not simply relieve the market players of administrative burdens, but also introduce a clearer and more transparent legal framework. All this could bring some refresh for the Hungarian trust market. More business activity is expected. It is worth keeping an eye on the upcoming developments.
New State Subsidies Ahead
The Hungarian State Subsidy System is Getting More Attractive
Thanks to the new changes in the state subsidy system, a potential boom is expected in the Hungarian investment market. By introducing new state subsidy rules for R&D investments and more flexible corporate tax benefits the Hungarian market has become more inviting. This is a step in creating a more attractive and investment friendly business atmosphere in Hungary.