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
Source: Eurostat, IMD
Land: 93,030 km²
Population: ~10 million
GDP/capita, at PPP
(2012):
EUR 16,500/
USD 21.000
Overview
EU
• EU-member since 2004
• Member of Schengen zone since 2007
GDP
• GDP 130 Bn USD (nominal) 2012
• Growth 2011:+1,7% 2012:-1,7 % 2013 (fc):+1%
External trade
and industry
Employment
and wages
Inflation
Source: MNB, KSH, Convergence Programme
*Exchange rate: 1 €= 289.73 HUF
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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%
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
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
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)
Leading Sectors in Hungary
Manufacturing
Industries and Energy
Knowledge-based
Industries and Services
•Automotive industry
•Life science
•Electronics
•Logistics, R & D
•Cleantech (RE, W-W M.)
•ICT+ education, training
•Chemical industry
•SSC
•Agri Business / Food
HITA – Who are we?
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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
Investment
Promotion
Trade
Promotion
• One-stop services
for foreign investors
• Export development
programs for
Hungarian SMEs
Supplier
Services
• Enhancing business
between foreign
OEMs and
Hungarian suppliers
• Exhibitions and trade
shows
• Conferences, B2B
meetings
• Individual consulting
• “Tailor- made” partner
search
• Trade development
tenders
• Seminars, workshops,
trainings, SME Academy
• Trainings, conferences, development programs, exhibitions
• Match-making events between suppliers and OEMs
• Long listing, pre-filtering and contacting Hungarian companies in demand of OEMs
Offices
Domestic network
Central office: Budapest
15 regional offices outside Budapest
covering the whole country
Miskolc
Salgótarján
Eger Nyíregyháza
Győr
Szombathely
Debrecen
Tatabánya BUDAPEST
Foreign network
Szolnok
Veszprém
61 foreign offices in 47 countries all
Békéscsaba
Kaposvár
Szekszárd
Pécs
over the world
Szeged
74 trade and investment counsellors
Quality of Life in Hungary
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International schools in Budapest
British, American, German, Austrian, French,
Chinese, Japanese etc.
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Private medical services
Well-known across Europe
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Entertainment facilities
Thermal baths, wellness, recreation centres
Public golf courses
Rich cultural life
World known cuisine
Bilateral Economic Relations
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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
SAHUN
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Business network launched in SA in September 2011 by HITA
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Main goal: to boost business between SA and HU, focus on SMME’s
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Network services:
members receive invitations to all SA-HU business events
members can send offers for partner search
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Main counterpart in HU: SUSAN network (507 members at present)
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Summary up to 2013 November: 264 members, 335 business offers/projects
intermediated, over 60 contracts concluded,
scores in the pipeline
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Free registration by e-mail to kmeszaros@mfa.gov.hu or pretoria@hita.hu with
company details and contact person coordinates
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