Over the last years, Hungary has seen the emergence of clusters in several of its industries, ranging from the automotive sector to logistics, construction and tourism. The investment-based, export orientated automotive industry has been the frontrunner in this development. Main example is the Pannon Automotive Cluster, PANAC, which represents 10% of GDP. The Pannon Automotive Cluster was established in 2000 as the joint initiative of eight large corporations, financial institutions and government organizations. The Hungarian regional clusters include Audi, Suzuki and Ignis, and component manufacturers such as Continental, Denso and Knorr-Bremse
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