The Central European region is currently the engine of the European Union’s economic growth, therefore it can provide a great investment opportunity for Thai companies, as already proven by several successful projects. Central European Embassies (Visegrád 4 partners Czech Republic, Hungary, Poland and Slovakia as well as our neighbour Austria) teamed up to present our region to the Federation of Thai Industries at FTI’s annual new year assembly in Bangkok on January, 29, 2018.
Participants received detailed information about the friendly cooperation, shared history and culture of our nations and the opportunities offered by Central Europe for foreign trade and investment. Due to its central location between Eastern and Western Europe and the development of its infrastructure, Central Europe is a favourable choice from a logistical point of view for Asian investors including Thai companies. The region offers advanced technology and a highly skilled labour force. Ambassador Péter Jakab presented the specific advantages of doing business in Hungary, mentioning positive examples of previous investment including from Thailand, and emphasized that Hungary is a stable, safe country with a growing economy where the corporate income tax is a very favourable flat 9%, and government incentives for investment include support for the mobility of the workforce and a dual education system that is tailored to the real needs of the economy. Over the past years several major investors have chosen Hungary, among them Thai President Foods, a famous Thai food manufacturing company.
