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

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Presentation on theme: "Hungarian Investment and Trade Agency Péter BILEK vice president 25 October 2013."— Presentation transcript:

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

2 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

3 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

4 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) Offices Győr Salgótarján Tatabánya BUDAPEST Miskolc Pécs Szeged Szolnok Debrecen Nyíregyháza Szombathely Veszprém Eger Békéscsaba Szekszárd Kaposvár 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

5 St.Petersburg Moscow Rosztov-na-Donu Yekaterinburg Foreign Economic Counsellors in Russia H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36)

6 Ukraine Albania Kosovo Bosnia- Hercegovina Macedonia Taiwan China Vietnam India Azerbaijan Belarus Kazakhstan Uzbekistan Brazil Argentina Cuba Morocco Jordan Cooperation Agreements with 28 partner organizations abroad H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36)

7 1055 BUDAPEST, HONVÉD UTCA 20. TELEFON: (+36) FAX: (+36) H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

8 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

9 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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 transfer International Development Cooperation •emerging donor •transition experience

10 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

11 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) Our results in trade promotion

12 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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 countriesCorporate income tax France33.33% Spain30.00% Germany29.48% UK24.00% Greece26.00% Czech Republic19.00% Slovakia23.00% Poland19.00% Hungary10-19% Asian countriesCorporate income tax Japan38.01% Malaysia25.00% China25.00% South Korea24.20% Singapore17.00% India33.22%/42% Source: KPMG, 2013

13 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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.

14 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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

15 H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36) 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: million EUR Sectors: •Agriculture •Biotechnology and life sciences •ICT, electronics •Renewable energy •Tourism

16 Thank you for your kind attention! H-1055 BUDAPEST, HONVÉD UTCA 20. PHONE: (+36) FAX: (+36)


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