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

Hungarian Investment

and Trade Agency

Péter BILEKvice president

25 October 2013

H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699

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


Who we are

Investment Promotion

• One-stop services for foreign investors

Supplier Services

• Enhancing business between foreign OEMs and Hungarian suppliers

Trade Promotion

• Export development programs for Hungarian SMEs

• 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

• Trainings, conferences, development programs, exhibitions

• Match-making events between suppliers and OEMs

• Long listing, pre-filtering and contacting Hungarian companies on demand of OEMs

• 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


Offices

Győr

Salgótarján

Tatabánya BUDAPEST

Miskolc

Pécs

Szeged

Szolnok

Debrecen

Nyíregyháza

Szombathely

Veszprém

Eger

Békéscsaba

SzekszárdKaposvár

Foreign network

61 foreign offices in 47 countries all over

the world

74 trade and investment counsellors

Domestic network

Central office: Budapest

15 regional offices outside Budapest

covering the whole country

[email protected]

[email protected]

[email protected]

[email protected]

Foreign Economic Counsellors in Russia


UkraineAlbaniaKosovoBosnia-

HercegovinaMacedonia

TaiwanChina

VietnamIndia

AzerbaijanBelarus

KazakhstanUzbekistan

BrazilArgentina

CubaMorocco

Jordan

Cooperation Agreements with 28 partner organizations abroad


1055 BUDAPEST, HONVÉD UTCA 20. TELEFON: (+36) 1 872 6699 FAX: (+36) 1 872 6699 WWW.HITA.HU H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699

Our focus sectors

Manufacturing Industries and Energy

• Automotive industry

• Electronics

• Renewable energy

• Chemical industry

• Agriculture and Food industry

Knowledge-based Industries and Services

• SSC

• Life science

• Logistics, R & D

• ICT

• Tourism

• Construction and Real estate development


Fields of cooperation with Russia

• Energy industry

• Agriculture and food industry

• Construction industry

• Medical technology

• Environmental protection and water industry

• Automotive industry

• Tourism

• Pharmaceutical industry and biotechnology

• ICT


Hungarian Technology Projects (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 transferInternational Development Cooperation

• emerging donor• transition experience


Our geographical focus

• EU 27

• „Opening to the East”

Aim:

By 2018, one third (33%) of Hungary’s export should go to the countries of

the Opening to the East strategy:

o CIS Countries

o Balkan

o Turkey

o China, India, Korea

o Countries of the ASEAN

o Latin America

o Gulf states, Maghreb states

o Africa


Our results in trade promotion

EU 27 Countries of 'Opening to the East'0

5000

10000

15000

20000

25000

30000

35000

40000

12358

8737

34135

29429

Expected export revenues within 1 year (t-housand euros)Expected export revenues within 3 years (thousand euros)


Competitive tax system

• 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%

European countries Corporate income tax

France 33.33%

Spain 30.00%

Germany 29.48%

UK 24.00%

Greece 26.00%

Czech Republic 19.00%

Slovakia 23.00%

Poland 19.00%

Hungary 10-19%

Asian countries Corporate income tax

Japan 38.01%

Malaysia 25.00%

China 25.00%

South Korea 24.20%

Singapore 17.00%

India 33.22%/42%

Source: KPMG, 2013


Available incentives

* 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.


Our results in investment promotion

Main investment decisions in 2013:• Coloplast, medical devices manufacturing• OPEL, engine manufacturing • ZF Lenksysteme, electric steering systems• Hankook, tyre manufacturing• Hewlett-Packard, IT• Sauflon, contact lens manufacturing• Procter & Gamble, personal care products manufacturing• General Electric, establishment of an oil & gas branch• Greif, shared service center• Bridgestone, tyre manufacturing• Jabil, electronics manufacturing• Thai President Foods, instant noodle manufacturing• Systemax, shared service center• Bosch, R&D facility


Hungarian Investment Projects (HIP)

Aim of the program: Bridging the gap between Hungarian small and medium enterprises and investors.

Number of investment projects in HITA database: 92

Total value of investment projects: 1 741 million EUR

Sectors:• Agriculture• Biotechnology and life sciences• ICT, electronics• Renewable energy• Tourism

Thank you for your kind attention!


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

Documents

honvd utca

russia h

competitiveness slide

country slide

real estate development

year award slide

biotechnology ict slide

hungarian investment