The Hungarian
economy in 2007
developed at a
considerably more
moderate pace than
that observed for
the past few years.
The growth of the
Hungarian economy
arises mainly from
the increasing
gross value added
of industry, which
contributed significantly
to the increase
in export.
Over the past
years, Hungary
has stabilized
itself as a strategic
location for distribution
and logistics in
the EU. The country's
central location
is still the main
drive behind the
success of the
Hungarian logistics
market. By the
end of December
2007, in accordance
with the Schengen
treaty there will
be no border control
between Hungary
and other Schengen
countries, which
will speed up the
logistics processes
even more.
The majority of
the fast developing
logistic facilities
in Hungary are
located around
Budapest, the central
location of the
Hungarian logistics
market.
