Economy

The economic engine of northern Hungary

The Miskolc region is a key industrial and economic hub, with strong export orientation and continuously expanding capacity.

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Opportunities

Robust industrial base and a steadily expanding economy

The region is a key player in export-driven industries, with 73% of industrial output sold on international markets. The machinery, chemical and automotive sectors are experiencing sustained growth, alongside a steady rise in employment and the number of registered enterprises.

Export and international partnerships

The Miskolc agglomeration is a strategically positioned, outward- looking economic area with strong and stable international trade relations. The Via Carpathia transport corridor ensures direct connectivity to Northern and Eastern Europe.

Talent and training

The University of Miskolc and the region’s vocational training institutions ensure a continuous supply of skilled workforce, particularly in mechanical engineering, metal industry, and technical disciplines.

Economic growth and dynamism

The region is experiencing sustained GDP growth alongside declining unemployment. Over the past decades, economic activity in the county has consistently expanded, providing a solid and stable foundation for investment.

Indicators

Industrial strength and economic performances

The Miskolc agglomeration is driven by an export-oriented economy, where industry is largely focused on international markets. The region is on steady growth path, with a skilled and continuously expanding workforce.

Export-oriented approach

73% of industrial sales are directed to international markets, and Borsod-Abaúj- Zemplén County generates more than two-thirds of its net revenue and added value from exports.

Industrial sector

Machinery, chemical, and automotive industries lead the region, accounting for nearly half of the country’s employment.

Economic Dynamisms

Growing GDP and declining unemployment characterized the region, while the number of registered businesses has steadily increased over the past decades.

“The region’s economic potential lies in its strong industrial base and proximity to European markets.”

Source: Northern Hungary Development Strategy- Economic Analyses

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