Development Paths of Industrial Parks in Hungary

Abstract

The first industrial parks were established right after the transition in Northern Transdanubia. Seeing their success, the government launched its Industrial Park Programme in 1997. Up to 1999, 112 organisations were awarded the title Industrial Park. All of them have a business plan which plan to locate at least 10 companies with 500 employees altogether in 5 years.

Industrial parks differ in current stage of development. 7 of them account for close to 60% of the total investments carried out by companies in industrial parks. Further 15 also fulfil the criteria having 10 companies and 500 employees. On the other hand, the number of 'empty' industrial parks is 28.

The development of the industrial parks is determined by regional characteristics, like Western European accessibility, number of population, rate of employees in manufacturing. Most developed industrial parks can be found exclusively in most favoured regions.