Why Komárom Matters More Than Ever to Hungarian Economy

  • 10 Feb 2026 12:03 PM
Why Komárom Matters More Than Ever to Hungarian Economy
Hungary’s Minister of Foreign Affairs and Trade, Péter Szijjártó, has highlighted the transformation of Komárom from a peripheral border town into one of the country’s key centres of economic growth.

Speaking at a forum of the city’s largest taxpayers on Monday, Szijjártó said Komárom had undergone a major shift over the past decade, driven by large-scale industrial investment and state-backed development programmes.

He described the town, located on the Slovak border along the Danube, as an increasingly important pillar of the Hungarian economy.

According to the minister, the government has supported 27 major corporate investments in Komárom since 2014, contributing a total of HUF 51 billion to projects worth HUF 580 billion overall. These developments have resulted in the creation of around 4,800 jobs, significantly reshaping the local labour market.

Szijjártó said Komárom is now home to a diverse range of industries, including a leading pharmaceutical manufacturer, one of the world’s largest battery producers, and suppliers to the automotive sector.

The city also hosts an IT company focused on artificial intelligence, alongside businesses in printing, agribusiness, food production and electric bus manufacturing.

Komárom’s strategic location near the Slovak border, strong transport links and growing industrial infrastructure have made it an attractive destination for international investors in recent years.

The city forms part of a wider cross-border economic zone, with close ties to Komárno in Slovakia, and has benefited from Hungary’s broader push to expand manufacturing capacity, particularly in high-value sectors such as pharmaceuticals, electric vehicles and battery production.

For expats living or working in north-west Hungary, the city’s rapid development has brought both new employment opportunities and increased international presence, while also contributing to wider debates about industrial growth, workforce demand and long-term regional sustainability.

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.

  • How does this content make you feel?
  • Hungary Attracts Most Chinese FDI in Past Two Years

    Hungary Attracts Most Chinese FDI in Past Two Years

    • 25 Nov 2025 11:48 AM

    Hungary was the destination for the most Chinese foreign investment in the past two years, which has benefitted Hungary greatly, so the government will continue to work for unhindered global economic cooperation, Minister of Foreign Affairs and Trade Peter Szijjártó said in Brussels on Monday, before a meeting of EU trade ministers.

  • Largest US Investment in Past Decade Coming to Hungary Soon

    Largest US Investment in Past Decade Coming to Hungary Soon

    • 7 Nov 2025 5:37 AM

    Some HUF 190bn of American corporate investments, the record of the decade, will come to Hungary this year, because of the new golden age of bilateral relations since US President Donald Trump took office, Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday during a stop in Reykjavik on his way to Washington.

  • FM: US-China Trade Agreement 'Fantastic News' for Hungary

    FM: US-China Trade Agreement 'Fantastic News' for Hungary

    • 30 Oct 2025 1:27 PM

    The new agreement between US President Donald Trump and Chinese President Xi Jinping on trade matters is "fantastic news for the Hungarian economy", Peter Szijjarto, the minister of foreign affairs and trade, said on Facebook on Thursday.