European headquarters established in Hungary
Our European headquarters is located in Hungary just outside of Budapest. The Hungary office was established in the late 1990's to act as an R&D center for theoretical product conceptualization. This office has steadily grown in both size and responsibility to where a new and larger office building was required in 2004.
Hungary is optimally located and provides a fertile environment for growth oriented companies in technology. U.S. investors recognize that Hungary is a natural gateway to the European Union and Central & Eastern Europe, a fast-growing combined market of 600 million consumers. Hungary's appeal includes its skilled and highly productive labor force, transparent investment code, attractive corporate tax rates, and other distinguishing advantages.
Productivity, for example, is substantially higher than in Poland, Slovenia, the Czech Republic and Slovakia. This capability positions Hungary as the sixth-best country in the world to develop high-tech industries, according to the Organization for Economic Cooperation & Development. Hungary also was the first country in the CEE to develop intellectual property right laws on par with those in the United States in 1993; as a result U.S. investors have enjoyed more confidence and security in their Hungarian investments.
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