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Business, Tourism, Study Opportunities - HUNGARY

Business, Tourism, Study Opportunities - HUNGARY . V4 Business Forum, Port Elisabeth, 28.10. 2013. Hungary: Location. a market of 250 million people within 1000 km, a common market of more than 500 million people. Hungary. Land: 93,030 km² Population: ~ 10 million

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Business, Tourism, Study Opportunities - HUNGARY

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  1. Business, Tourism, Study Opportunities - HUNGARY V4 Business Forum, Port Elisabeth, 28.10. 2013

  2. Hungary: Location a market of 250 million people within 1000 km, a common market of more than 500 million people Hungary Land: 93,030 km² Population: ~10 million GDP/capita, at PPP (2012): EUR 16,500/ USD 21.000 Source: Eurostat, IMD

  3. Overview • EU-member since 2004 • Member of Schengen zone since 2007 • GDP 130 Bn USD (nominal) 2012 • Growth 2011:+1,7% 2012:-1,7 % 2013 (fc):+1% • Export: 103 Bn USD Import 94 Bn USD 2012 • FDI: 6,0 Bn USD (2012), Stock: 92 Bn USD • HDI: 1,5 Bn USD (2012), Stock: 23 Bn USD • Budget deficit: GDP + 4,2 % (2011) -2,1 % (2012) • Average gross wage(2012): €760 • Unemployment rate (fc 2013):9,9% • Inflation rate (2012): 5.7%, 2013 (fc): 1,9% EU GDP External trade andindustry Employment and wages Inflation Source: MNB, KSH, ConvergenceProgramme *Exchange rate: 1 €= 289.73 HUF

  4. Why Hungary? • Great location and logistics • High ratio of FDI stock, open economy • High productivity and skilled, flexible labour at competitive price level • Government incentives • Investment friendly policy environment • Competitive tax system (CT: 10 – 19 %; PIT: flat 16 %) • Attractive business environment

  5. Tourism in Hungary • among world’s top 15 destinations • abt. 10 % of GDP • 2012: 33 Mn Visitors, 7 Mn 1-3 O/T; 5 Mn 4 plus O/T (from Africa only 0,03 Mn) • most favourite: Budapest (only Spa Capital of the world), Balaton, Spas (over 500 in Hungary, over 4000 hot springs) • www.gotohungary.com, www.visit-hungary.com

  6. Study Opportunities in Hungary Over 300 courses for foreigners, mostly in English (annual fees typically between 5.000 – 25.000 USD) All details on website: www.felvi.hu (also in English – click on For foreigners)

  7. Leading Sectorsin Hungary • Manufacturing Industries and Energy • Automotive industry • Electronics • Cleantech (RE, W-W M.) • Chemical industry • Agri Business / Food • Knowledge-based Industries and Services • Life science • Logistics, R & D • ICT+ education, training • SSC

  8. HITA – Who are we? • Exhibitions and trade shows • Conferences, B2B meetings • Individual consulting • “Tailor- made” partner search • Trade development tenders • Seminars, workshops, trainings, SME Academy • Project management through pre-decision, implementation and operation • Information packages • Assistance in location search • Assistance in applications for governmental incentives • Intermediary body between the government and the companies • Trainings, conferences, development programs, exhibitions • Match-making events between suppliers and OEMs • Long listing, pre-filtering and contacting Hungarian companies in demand of OEMs

  9. Offices Domestic network Central office: Budapest 15 regional offices outside Budapest covering the whole country Miskolc Salgótarján Nyíregyháza Győr Debrecen Tatabánya BUDAPEST Szombathely Szolnok Foreign network 61 foreign offices in 47 countries all over the world 74 trade and investment counsellors Eger Szeged Pécs Veszprém Békéscsaba Kaposvár Szekszárd

  10. Quality of Life in Hungary • International schoolsin Budapest • British, American, German, Austrian, French, Chinese, Japanese etc. • Private medical services • Well-known across Europe • Entertainment facilities • Thermal baths, wellness, recreation centres • Public golf courses • Rich cultural life • World known cuisine

  11. Bilateral Economic Relations Trade (Mn USD): HU export: 2010: 450 2011: 840 2012: 777 (Total in 2012: 103 Bn USD) SA export: 2010: 33 2011: 72 2012 (SA stat): 82 (Total in 2012: 86 Bn USD) SA No. 4 partner for Hu outside Europe Investment relations: SA in Hungary:abt. 200 Mn USD (16 companies: SABMiller, Mondi, Group5, Naspers etc) SA total foreign investments: 81 Bn USD – FDI in SA:132 Bn USD HU in SA: 0,3 Mn USD (6 small ventures) HU total foreign invesments: 23 Bn USD – FDI in HU: 92 Bn USD

  12. SAHUN Business network launched in SA in September 2011 by HITA Main goal: to boost business between SA and HU, focus on SMME’s Network services: members receive invitations to all SA-HU business events members can send offers for partner search Main counterpart in HU: SUSAN network (507 members at present) Summary up to 2013 November: 264 members, 335 business offers/projects intermediated, over 60 contracts concluded, scores in the pipeline Free registration by e-mail to kmeszaros@mfa.gov.hu or pretoria@hita.hu with company details and contact person coordinates

  13. We are looking forward to a successful cooperation. For further information, please contact: Dr. Kalman Meszaros Economic and Commercial Counsellor Embassy oh Hungary, Pretoria Tel: +27827823038 E-mail: kmeszaros@mfa.gov.hu; pretoria@hita.hu Web: www.hita.hu

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