Well trained workforce human resources are one of the

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Well trained workforce Human resources are one of the country’s main assets. Investors have access to a well trained workforce: individuals have college/university degrees or have other qualifications in areas like manufacturing. Hungarians have achieved good results in fields like technical and medical sciences. The workforce in Hungary is also more accessible to the employer who benefits from competitive average wages. Business friendly environment Hungary welcomes foreign direct investments and has a competitive policy for foreign investments. Although the country offers many business opportunities, some of the leading sectors in Hungary are: - The automotive industry; - The electronics sector; - The services sector; - The food and agriculture industry. A favorable tax system Hungary has advantageous taxes for companies and individuals. The corporate income tax is between 10 and 19%, lower than in other European countries like France or the United Kingdom. The personal 13 | P a g e
income tax has a flat rate of 16%. This competitive tax system is aided by certain tax incentives and allowances. Government incentives The Hungarian government encourages investments and competitiveness through a range of incentives. This state aid can be either refundable or non-refundable. Special attention is offered to the progress of research and development activities and R&D investments. VIP investment subsidies are available for investors in Hungary and they are offered in certain cases. 14 | P a g e
INDONESIA TECHNOLOGICAL If we talk about tech sector in Southeast Asia then Indonesia come first due to its large spending in this sector. Indonesia became the largest spender on information technology in Southeast Asia. US-BASED research firm International Data Corporation (IDC) Indonesia reported that the country’s information and communication technology (ICT) spending will increase 16% to Rp394 trillion (US$29.5 billion) in 2020, from the 2017’s prediction of Rp339 trillion (US$25.4 billion).The information technology (IT) spending alone, excluding communication spending will reach Rp159 trillion (US$11.9 billion) in 2020, increase 24.2% from the 2017’s prediction of Rp128 trillion (US$9.6 billion). This country has a very tech-hungry, young population. It is the world 4rth largest mobile market and has 112% mobile penetration with a total of 266 million mobile subscribers. For any tech sector internet is very important factor to consider and Indonesia is taking it very seriously. The internet in Indonesia contributed to 2.5% of national GDP in 2016. It is estimated that Indonesia will gain 125 million internet users by 2025. The growth of internet usage has further encouraged Indonesians to purchase smartphones, subscribe to monthly data package, and make online purchases. The Indonesian people are exposed to technology and has a firm grasp on its usage making it a very attractive country for investing. Indonesia’s current e-commerce market is similar to China’s online marketplace at its infant stage, with a colossal of different sellers providing goods for purchase via social media recommendations. On the same note, Indonesia’s e-

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