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Budapest is a significant economic hub, classified as an Alpha- World city (known as "major world city") in the study of Globalization and World Cities Research Network. On national level Budapest is definitely primate city of Hungary regarding the economy and business also, accounts for 39% of the national income. Budapest had a gross metropolitan product of almost $100 billion in 2012, making it one of the largest regional economy in the European Union. According to the Eurostat GDP per capita in purchasing power parity is 147% of the EU average in Budapest, which means â¬37.632 ($52.770) per capita. Budapest is also among the Top 100 GDP performing cities in the world, measured by PwC.
The city was named as the 52nd most important business center in the world in the MasterCard Worldwide Centres of Commerce Index, ahead of Beijing, Sao Paulo, Warsaw or Athens and ranked 3rd (out of 65 cities) on Mastercard Emerging Markets Index. The city is 48th on the UBS The most expensive and richest cities in the world list, stands before cities such as Prague, Shanghai, Kuala Lumpur or Buenos Aires. In a global city competitiveness ranking by EIU, Budapest is stands before Moscow, Tel Aviv, Lisbon, Johannesburg among others.
The city is a major center for banking and finance, retailing, trade, transportation, tourism, real estate, new media as well as traditional media, advertising, legal services, accountancy, insurance and fashion and the arts in Hungary and regionally. Budapest is home not only to almost all national institutions and government agencies, but also to many domestic and international companies, in 2014 there are 393.289 companies registered in the city.
Morgan Stanley global Financial Mathematics Modeling and Business Technology Centre in Budapest
Most of these entities are headquartered in the Budapest's Central Business District, in the Distinct 5 and 13. The retail market of the city (and the country) is also concentrated in the downtown, among others through the two largest shopping centre in Central and Eastern Europe, the WestEnd City Center (186,000sqm total) and the Arena Plaza (180,000sqm total)
Budapest has notable innovation capabilities as a technology and start-up hub, many start-ups are headquartered and begin its business in the city, for instance deserve to mention the most well-known Prezi, LogMeIn or Nav N Go. A good indicator of the city's potential for innovation and research also, is that the European Institute of Innovation and Technology is choosed Budapest for its headquarters, along with the UN, which Regional Representation for Central Europe office is in the city, responsible for UN operations in seven countries. Moreover shown the global aspect of the city's research activity, the establishment of the European Chinese Research Institute in the city.
Other important sectors include also, as natural science research, information technology and medical research, non-profit institutions, and universities. The leading business schools and universities in Budapest, the Budapest Business School, the CEU Business School and Corvinus University of Budapest offers a whole range of courses in economics, finance and management in English, French, German and Hungarian. The unemployment rate is far the lowest in Budapest within Hungary, it was 2.7%, besides the many thousands of employed foreign citizens.
ING Bank Budapest headquarters and analyses centre
Budapest is among the 25th most visited places in the world, the city welcoming more than 4.3 million international visitors each year, therefore the traditional and the congress tourism industry also deserve a mention, it contributes greatly to the city's economy, the capital being home to many convention centre and thousands of restaurants, bars, coffee houses and party places, besides the full assortment of hotels. In restaurant offerings can be found the highest quality Michelin-starred restaurants, like Onyx, Costes or Borkonyha. The city ranked as the most livable city in Central and Eastern Europe on EIU's quality of life index in 2010.
Led Digital Marketing Efforts of Top 500 e-Retailers.
Worked with Top Brands at Leading Agencies.
Successfully Managed Over $50 million in Digital Ad Spend.
Developed Strategies and Processes that Enabled Brands to Grow During an Economic Downturn.
Taught Advanced Internet Marketing Strategies at the graduate level.
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