ho to do business in foreign countries? hungary
TRANSCRIPT
American Hungarian Chamber of Commerce of New York
THE FIRST INTERNATIONAL B2B FORUM
How to Do Business in Foreign Countries?
HUNGARYThomas Barat
President
2American Hungarian Chamber of Commerce of New York
Where is Hungary?
3American Hungarian Chamber of Commerce of New York
Where is Hungary?
Hungary is in the heart of Europe more than 1000 years
4American Hungarian Chamber of Commerce of New York
Hungary General Information
Surface: 93 thousand sq. kilometersPopulation: cca. 10 millionForm of state: Republic
Parliamentary system / one chamber (199 MP)Membership: UN, EU, NATO, OECDGDP in 2015: 10.900 E / per capita (Source: Eurostat)
Over 70% of the GDP is realized from the foreign trade1 USD = cca. 280 HUF
5American Hungarian Chamber of Commerce of New York
Do you know? Who are on the pictures?
6American Hungarian Chamber of Commerce of New York
Do you know? There are Hungarian inventions
7American Hungarian Chamber of Commerce of New York
Do you know? There are Hungarian specialities
8American Hungarian Chamber of Commerce of New York
The main tasks
Business “Matchmaking”“Spokesperson” role
Information distribution – Information exchange
9American Hungarian Chamber of Commerce of New York
The main services• identifying business opportunities between
the two countries;• distribution of business and trade related
information;• organization of business events
10American Hungarian Chamber of Commerce of New York
Mission Statement “The American Hungarian Chamber of Commerce of New York strives to be a bridge connecting the American and Hungarian
business world with a view to establish and promote prosperous business and trade relationships.
The American-Hungarian Chamber of Commerce of New York is a dynamic volunteer organization with the fundamental goal of facilitating economic relationships between the two countries.
The AmHunCham NY would like to achieve the mutual understanding and we want to establish the mutual beneficial
relationship between the business people of the two countries.”
11
Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Some reasons:Location in the heart of EuropeDynamic economic growthMembership in the European Union and NATO
EU conform investment incentivesHighly developed logistical, transport infrastructure
Well trained, creative and flexible human capital
Strong presence of foreign and multinational companies
12
Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Incentives in Hungary - programsEconomic Competitiveness Operative Program
Agricultural and Rural Development Operative Program
Environmental Protection and Infrastructure Operative Program
Human Resource Development Operative Program
Regional Operative Program
13
Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Opinions about Hungary:The Forbes magazine: “9th mostly recommended country for investment”
Fitch Ratings of May, 2016 will recommend again Hungary for investments.
The OECD bi-yearly report:“Hungary has the 4th most flexible regulation on
employment and labour force in the EU!”
14
What does it means water?
American Hungarian Chamber of Commerce of New York
https://youtu.be/VlkzUaaqGbk
15American Hungarian Chamber of Commerce of New York
Business with Hungary,via ...
American Hungarian Chamber of Commerce of New York
Hungarian Consulate General of Hungary, New York
Hungarian National Trading House Corporation
Hungarian Investment Promotion Agency (HIPA)
16American Hungarian Chamber of Commerce of New York
17American Hungarian Chamber of Commerce of New York
Make business with Hungarian companies!
Let’s use the benefits of HUNGARY!
18American Hungarian Chamber of Commerce of New York
Thank you for your attention!
Thomas Barat
19American Hungarian Chamber of Commerce of New York
Sources of the presentation:Ministry for National Economy - Department for Externel Economic Relations http://www.kormany.hu/en/ministry-for-national-economy Hungarian Investment Promotion Agency (HIPA) https://hipa.hu/main Hungarian Consulate General of Hungary, New York http://consulate.newyork.gov.hu/business-and-trade http://www.mfa.gov.hu/NR/rdonlyres/1969C6EF-6A13-4433-AEE1-6B420F1EA2D3/0/CountryProfile_HUN.pdfhttp://mkik.hu/en/magyar-kereskedelmi-es-iparkamara/in-english-12551 https://youtu.be/VlkzUaaqGbkhttp://consulate.newyork.gov.hu/business-and-trade-relationshttps://youtu.be/e0wkokaybWAhttp://en.amhuncham.org/business-informations