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Hungarian Investment and Trade Agency

Hungarian Investment and Trade Agency. Péter BILEK vice president 25 October 2013. Most important aims of Hungary’s economic policy. Financial and fiscal stability Reducing public debt To raise the growth potential of the Hungarian economy

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Hungarian Investment and Trade Agency

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  1. Hungarian Investment and Trade Agency Péter BILEK vice president 25 October 2013

  2. Most important aims of Hungary’s economic policy • Financial and fiscal stability • Reducing public debt • To raise the growth potential of the Hungarian economy • To increase the level of labour market participation and employment • Enhancing competitiveness H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  3. Who we are • 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 • Investor of the Year Award • Exhibitions and trade shows • Conferences, B2B meetings • Individual consulting • “Tailor- made” partner search • Trade development tenders • Seminars, workshops, trainings, SME Academy • Export of the Year Award • Trainings, conferences, development programs, exhibitions • Match-making events between suppliers and OEMs • Long listing, pre-filtering and contacting Hungarian companies on demand of OEMs H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  4. Offices Domestic network Central office: Budapest 15 regional offices outside Budapest covering the whole country Miskolc Salgótarján Nyíregyháza Győr Debrecen Tatabánya BUDAPEST Szombathely Szolnok Eger Foreign network 61 foreign offices in 47 countries all over the world 74 trade and investment counsellors Szeged Pécs Veszprém Békéscsaba Kaposvár Szekszárd H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  5. ForeignEconomic Counsellors inRussia St.Petersburg stpetersburg@hita.hu Moscow moscow@hita.hu Yekaterinburg ekaterinburg@hita.hu Rosztov-na-Donu rostov@hita.hu H-1055budapest, honvéd utca 20. PHONE:(+36) 1 872 6520 Fax: (+36) 1 872 6699

  6. Ukraine Albania Kosovo Bosnia-Hercegovina Macedonia Taiwan China Vietnam India Azerbaijan Belarus Kazakhstan Uzbekistan Brazil Argentina Cuba Morocco Jordan CooperationAgreementswith28 partner organizationsabroad H-1055 Budapest, honvéd utca20. PHONE:(+36) 1 872 6520 Fax: (+36) 1 872 6699

  7. Ourfocussectors • Manufacturing Industries and Energy • Automotive industry • Electronics • Renewableenergy • Chemicalindustry • Agriculture and Foodindustry • Knowledge-basedIndustries and Services • SSC • Life science • Logistics, R & D • ICT • Tourism • Construction and Real estatedevelopment H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  8. Fields of cooperation withRussia • Energyindustry • Agriculture and foodindustry • Constructionindustry • Medicaltechnology • Environmentalprotection and waterindustry • Automotive industry • Tourism • Pharmaceuticalindustry and biotechnology • ICT H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  9. Hungarian TechnologyProjects (HTP) • Collection of goods, production methods and know-how developed in Hungary • Sectors: • Rural development, • Water management • Environmental protection • Urban development • Infrastructure development • Energy • Industrial development • Areas of cooperation: • from consultation to complex turnkey technology transfer • International Development Cooperation • emerging donor • transition experience H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  10. Ourgeographicalfocus • EU 27 • „Opening to the East” • Aim: • By 2018,onethird (33%) of Hungary’s export should go tothecountries of theOpeningtotheEaststrategy: • CIS Countries • Balkan • Turkey • China, India, Korea • Countries of the ASEAN • Latin America • Gulfstates, Maghrebstates • Africa H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  11. Ourresultsin trade promotion H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  12. Competitivetaxsystem • Low corporate income tax: • rate for the first HUF 500 million of the tax base is 10%; • beyond HUF 500 million, it is 19%. • Tax incentives and allowances • Flat personal income tax: 16% Source: KPMG, 2013 H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  13. Availableincentives *Preferred local governments are located in Northern Hungary, Great Hungarian Plain (North and South) and South Transdanubia. **According to preferred and most preferred micro regions. ***Employment of min. 50 new students. H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  14. Ourresultsininvestmentpromotion • Main investmentdecisionsin2013: • Coloplast, medicaldevicesmanufacturing • OPEL, enginemanufacturing • ZF Lenksysteme, electricsteeringsystems • Hankook, tyremanufacturing • Hewlett-Packard, IT • Sauflon, contactlensmanufacturing • Procter & Gamble, personalcareproductsmanufacturing • General Electric, establishment of an oil & gas branch • Greif, shared service center • Bridgestone, tyremanufacturing • Jabil, electronicsmanufacturing • Thai President Foods, instant noodlemanufacturing • Systemax,shared service center • Bosch, R&D facility H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  15. Hungarian InvestmentProjects (HIP) • Aim of the program: Bridging the gap between Hungarian small and medium enterprises and investors. • Number of investmentprojectsin HITA database: 92 • Total valueof investmentprojects: 1 741 million EUR • Sectors: • Agriculture • Biotechnology and life sciences • ICT, electronics • Renewableenergy • Tourism H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

  16. Thank you for yourkind attention! H-1055 budapest, honvédutca 20. PHONE:(+36) 1 872 6520Fax: (+36) 1 872 6699

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