Doing business in hungary

Doing Business in HungaryCountry presentation

Marit van LenteZsolt MartonDenny KwakmanFrank DekkersIBS2A

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Table of contents

• Key elements

• Nonverbal communication

• Appearance during a meeting

• Do’s and Don'ts

• Questions

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Key elements

Respect Business relations

PunctualityBusiness is conducted

slowly

Non verbal communication

in Hungary

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Non verbal communication Shake hands at introduction Shaking hands between man and

woman is uncommon Body language Stand close

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How to behave during a meeting The one who enters the meeting

has to greet the others first Small talk is appropriate Use titles while speaking Dress conservative during first

meeting Don’t remove your suit jacket

before asking for permission

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Do’s and don’ts Familiarise with the Hungarian history Accept dinner and cultural invitations Pay attention to non-verbal signs Be respectful

Cancel a meeting at the last minute Be surprised when voices are raising

during a meeting

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Business cards Have one side of your card translated

into Hungarian.  The Hungarian side should list

your surname before your first name, Hungarian style. 

Include any advanced university degrees on your business card. 

Include the founding date of your company on the card.

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Questions Hungarians consider it good luck to clink

beer glasses when making a toast.

False Hungarians never clink beer glasses, a tradition dating to 1849 after the defeat of the War of Independence. Hapsburg officers clinked their glasses at each gunshot.

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Questions Hungarians do not typically bargain.

True

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Questions Email should never take the place of a

phone call or face-to-face meeting.

True

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Questions Always bring a gift when meeting new

clients or business acquaintances.

False Gifts are not expected in Hungarian business culture.

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Thanks for your attention

Are there any questions?

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