Hungarian Investment and Trade Agency Péter BILEK vice president 25 October 2013
Feb 25, 2016
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
Offices
Győr
Salgótarján
Tatabánya BUDAPEST
Miskolc
Pécs
Szeged
Szolnok
Debrecen
Nyíregyháza
SzombathelyVeszprém
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
Foreign Economic Counsellors in Russia
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
UkraineAlbaniaKosovoBosnia-
HercegovinaMacedonia
TaiwanChina
VietnamIndia
AzerbaijanBelarus
KazakhstanUzbekistan
BrazilArgentina
CubaMorocco
Jordan
Cooperation Agreements with 28 partner organizations abroad
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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)
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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 taxFrance 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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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.
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699
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!
H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) 1 872 6520 FAX: (+36) 1 872 6699