Hungary is a landlocked country in central Europe, which borders with no fewer than seven countries: Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria. The country is mostly flat, with low mountains in the north. The most important sectors of Hungary’s economy in 2012 were industry (26.8%), wholesale and retail trade, transport, accommodation and food services (17.6 %) and public administration, defence, education, human health and social work activities (17.3 %).
Hungary’s main export partners are Germany, Slovakia and Romania while its main import partners are Germany, Russia and China. It can be seen from the data below that Satsafe® represents a very significant Internet of Things (IoT) business opportunity in Hungary focussed on security and safety applications.
Geographical size: 93 023.7 km2
Population: 9 931 925 (2012)
Population as % of total EU population: 2.0 % (2012)
GDP: € 96.968 billion (2012)
Official EU language(s): Hungarian
Political system: parliamentary republic
EU member country since: 1 May 2004
Seats in the European Parliament: 21
Currency: Hungarian Forint HUF
A world of opportunity:
We are currently seeking expressions of interest from International distributors for a range of Satsafe® branded safety and security applications including geobloc.
If you are interested in acquiring the Satsafe® Master License as a business opportunity in Hungary, please contact us outlining your experience.