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1 EMBASSY OF HUNGARY THE HAGUE OFFICE OF ECONOMIC AFFAIRS Dutch-Hungarian business opportunities Szabó Péter, Counsellor, Economy and Trade Eindhoven, 18th september 2014

Presentatie Peter Szabo

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Presentatie gegeven tijdens de bijeenkomst "Internationaal in 1 dag" op 18 september in Eindhoven

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Page 1: Presentatie Peter Szabo

1 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Dutch-Hungarian business opportunities

Szabó Péter, Counsellor, Economy and Trade

Eindhoven, 18th september 2014

Page 2: Presentatie Peter Szabo

2 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

EMBASSY HU: PARTNERING IN ECONOMIC RELATIONS

BUSINESS OPPORTUNITIES IN HUNGARY

DUTCH – HUNGARIAN BUSINESS RELATIONS

SOME DO'S & DONT’S IN EVERYDAY AND BUSINESS CONTACTS IN HUNGARY

Page 3: Presentatie Peter Szabo

3 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

EMBASSY HU: PARTNERING IN ECONOMIC RELATIONS

Page 4: Presentatie Peter Szabo

4 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Embassy of Hungary, Office of Economic Affairs: First contact for Dutch companies

1. Representing Hungarian economic diplomacy on diplomatic, business, civil and economic fora

2. Promote Hungary as key destination for trade and investment as well as the hub for business in the Central-East European region

3. Matchmaking between Dutch and Hungarian companies, particularly SMEs

4. Centre of information for entrepreneurs on economy and market opportunities in Hungary

Contact Mr. Péter Szabó, Counsellor, Economy and Trade Phone: +31-70-3838104 E-mail: [email protected]

The Netherlands = One of the most important investment and trade partners

of our country

Our activities:

Page 5: Presentatie Peter Szabo

5 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

BUSINESS OPPORTUNITIES IN HUNGARY

Page 6: Presentatie Peter Szabo

6 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

THE ROUTES TO SUCCESS - EXPANDING MOTORWAY NETWORK Prague, 5 hrs Munich, 6 hrs Hamburg, 8hrs

Warsaw, 10 hrs Kyiv 12 hrs

Bucharest, 10 hrs Constanza, 12 hrs

Zagreb, 1 hr Trieste, 6 hrs Koper, 6 hrs

Vienna, 1 hr Rotterdam, 12 hrs

Page 7: Presentatie Peter Szabo

7 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

WAITING FOR NEWCOMERS

More than 210 industrial parks are available for manufacturing activity

• Green- and brownfield investments • Good access to highways • Excellent infrastructure services • New technology and logistical parks • Warehousing • Customs arrangements • Forwarding • Administration (authority permits) • Financial services • Legal consulting • Extra services

Page 8: Presentatie Peter Szabo

8 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

More than 210 industrial parks are available for manufacturing activity Automotive

• More than 700 automotive industry companies operate in Hungary, employing 116,000 people

• The sector gives 18 percent of the total Hungarian export

Electronics

• Hungary is the largest electronics producer in Central and Eastern Europe

• Significant footprint of prestigious electronics firms

Page 9: Presentatie Peter Szabo

9 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

MAJOR KNOWLEDGE-BASED INDUSTRIES AND SERVICE SECTORS IN HUNGARY

Shared Service Centres

• Booming sector with around 90 SSCs already operating in the country

• More than 30,000 employees involved

Life sciences

• History of over 100 years in pharmaceutical manufacturing

• Approximately 250 research and educational institutes related to biotech

ICT

• Outstanding cooperation between educational institutions and companies

• Growing number of data centers

Logistics

• Strategic position in the heart of the continent

• Highly developed transport infrastructure

Page 10: Presentatie Peter Szabo

10 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

R E G I O N A L A I D I N T E N S I T Y B E F O R E A N D A F T E R J U L Y 1 , 2 0 1 4

Page 11: Presentatie Peter Szabo

11 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

DUTCH – HUNGARIAN BUSINESS RELATIONS

Page 12: Presentatie Peter Szabo

12 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Foreign Economic Strategy, 2012-2020

FDI policy objectives

Increasing competitiv

eness

Job creation, Job security

Strengthening Hungarian

SMEs

Balancing out regional

differences Target: 3-4 billion EUR FDI/year

Goals and measures:

Investments in high value added sectors (life sciences, R&D) and in

key branches (automotive, electronics, pharma and services)

Growing inclusion of Hungarian suppliers

Reinvestments – Strategic partnership agreements

Job creation focusing on underdeveloped regions

Geographical focus: Europe, USA, India, China and the ASEAN region

Page 13: Presentatie Peter Szabo

13 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Dutch FDI stock in Hungary (2008-2012)

0

5.000

10.000

15.000

2008 2009 2010 2011 2012

8.617

12.498 11.865 11.686

9.436

M EUR

3rd 2008

2nd 2009

2nd 2010

2nd 2011

3rd 2012

The Netherlands’ cumulative FDI

volumes in Hungary rank among

the Top 3 – Top 2 as the most

significant FDI provider.

Page 14: Presentatie Peter Szabo

14 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Bilateral relations

Hungarian trade volumes with The Netherlands (M EUR)

M EUR 2010 2011

Exports 2 260,5 1985,5

Imports 2979,9 3042,1

Balance -719,4 -1056,6

2012 2013

2216,7 2320,13

2942,9 2918,1

-726,2 -597,4

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15 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

0

2.000

4.000

6.000

8.000

10.000

12.000

Total(1000days)

Total(1000days)

Averagetime(day)

Total(1000days)

Averagetime(day)

Total(1000days)

Averagetime(day)

Total(1000days)

Averagetime(day)

Total 1–3 nights 4 of more nights

For 1 day Overnight visitors Visitors

2013.

2012.

2011.

2010.

2009.

Tourism is a field where bilateral relations picked up significantly in recent years. 2013 brought a staggering increase in the number of Dutch tourists visiting Hungary. Their main destinations are Budapest and lake Balaton. Music festivals (Sziget, Balaton Sound) play a main role in their destination choices.

Dutch visitors in Hungary (2009-2013)

Page 16: Presentatie Peter Szabo

16 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

• To support the implementation of investment promotion.

• To foster bilateral and multilateral international economic relations.

• To help the foreign enterprises in a one-stop-shop system in preparing and implementing strategic investment decisions, as well as providing support in the period after such decisions are reached.

• Increase and motivate the export of the small and medium sized companies (SMEs).

• Makes use of the reserves of SMEs while helping their expansion on foreign markets.

• Develops export capacity for these companies, while making their foreign markets more organized and effective SMEs will become self-sufficient over time.

* HNTH is profit-oriented enterprise with featured diplomatic support

(HITA)

(HIPA)

(TRADEHOUSE)

Organizational change

Page 17: Presentatie Peter Szabo

17 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

SOME DO'S & DONT’S IN EVERYDAY AND BUSINESS CONTACTS IN HUNGARY

Page 18: Presentatie Peter Szabo

18 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Some DO'S & DONT’S in everyday and business contacts in Hungary.

Éva Szabó Handelsmedewerkster ........................................................................... Ambassade van het Koninkrijk der Nederlanden Füge u. 5-7 | 1022 | Boedapest Postbus 56 | 1388 | Boedapest ........................................................................... T +36 1 3366 331 F +36 1 3265 978 E [email protected]

http://hongarije.nlambassade.org/ ...........................................................................

Facebook https://www.facebook.com/DutchEmbassyHungary

Page 19: Presentatie Peter Szabo

19 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Upcaming bilateral events

• Hongaarse Muziekfestival, Assen, 20th september

2014

• V4 Startups in the Netherlands- Rotterdam, 25th

september 2014

• Hongarijn Festival, Wageningen, 27th september

2014

• Event of the Netherlands-Hungarian Chamber of

Commerce, 29th september 2014

• Water Seminar, Budapest, november 2014 (30th

Anniversary of the water cooperation)

• DUCS, three months of Dutch-themed series,

Budapest, middle of september, 2014

Page 20: Presentatie Peter Szabo

20 EMBASSY OF HUNGARY

THE HAGUE

OFFICE OF ECONOMIC

AFFAIRS

Thank you for your attention

Péter Szabó Counsellor, Economy and Trade Embassy of Hungary in the Hague Laan van Nieuw Oost Indie 271, 2593 BS, Den Haag Phone: +31-70-3838104 E-mail: [email protected] or [email protected]