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Introducing Hungarian Investment and Trade Agency Dr. Péter Faragó Vice-President. Who W e Are ?. Introduction of Hungarian Investment and Trade Agency. Governmental agency for investment promotion and trade development - PowerPoint PPT Presentation
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Introducing Hungarian Investment and Trade Agency
Dr. Péter FaragóVice-President
Who We Are?
• Governmental agency for investment promotion and trade
development
• Headquarters in Budapest, regional offices throughout Hungary
and linked to 63 offices around the world
• 150 employees, mainly consultants
• Main activity: consultancy, mediation, information, and around 500
programmes yearly (trade fairs, B2B meetings, conferences,
roadshows, etc)
Introduction of Hungarian Investment and Trade Agency
Main Tasks of the Agency
Promote and facilitate foreign investmentsOffer one-stop-shop services for the clientsPromotion of government incentivesOperative guidance through the implementation phaseHelp to get licences, real estate, consultants, etc.
Encourage Hungarian SMEs to expand their activities on international level (trade promotion)
Internationalization: capital export, facilitate joint ventures, international technical cooperation
Domestic network
Central office: Budapest 15 regional offices outside Budapest
covering the whole country
Foreign network
61 foreign offices in 47 countries all over the world
74 trade and investment counsellors
Offices in Hungary and abroad
Goals
• To contact SMEs with export potential and provide individual consulting
• Joint cooperation with authorities and chambers of similar profile
• Presenting innovative, high quality, top of class productions and technologies abroad
• Entering foreign markets outside of the European Union
• Implementing Foreign Trade Strategy
• Maximize the opportunities of Hungarian suppliers
• Helping in the internationalization of SMEs (capital allocation, international technology cooperation)
Leading Sectors in Hungary
Manufacturing Industries and Energy• Automotive industry• Electronics• Renewable energy• Chemical industry• Food industry
Knowledge-based Industries and Services• Life science• Logistics, R & D• ICT• SSC
Our Services
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
• Exhibitions and trade shows
• Conferences, B2B meetings
• Individual consulting • “Tailor- made” partner
search• 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
Hungarian Investment Projects
Aim of the program: Bridging the gap between Hungarian small and medium enterprises and investors.
The projects have to meet strict selection criteria:• Business plan: feasibility study, cash flow plan, return on
investment, market research, competitors, risk analysis, SWOT, etc.
• Business model• Uniqueness in case of innovative product• Distinctive strategy from competitors • Interest of the investor
The projects are offered to investors in the form of the HIP flyer.• Our primary targets for finding investors to our projects
include: Hungarian Jeremie funds, other Hungarian funds and foreign investors.
Hungarian Investment Projects
• Agriculture and food industrySetting up a water bottling factory (1 m. EUR)
• Biotech and life sciencesJoint venture partnership in innovative painkiller technology–R&D (15 m. EUR)
• ICT and electronicsNext Generation 3D Television – expanding operation (14 m. EUR)
• Renewable energySetting up bioethanol, biogas, biomass plant (95 m. EUR)
• TourismThermal Spa Hotel and Villapark – implementation of project (100 m. EUR)
Hungarian Technology Projects
HITA is ready to assist and introduce Hungarian actors in the world of development cooperation: • Consultation on technology potentials
• Identification of project opportunities for SMEs
• Technical assistance over bilateral and multilateral financing opportunities (Private loans, Eximbank, EU, UN, WB, etc.)
• Matchmaking of private sector’s capacities and possibilities
• Lobbying for Hungarian companies at national and international level
Hungarian Technology Projects
• Collection of goods, production methods and know-hows 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
Incentives
1055 BUDAPEST, HONVÉD UTCA 20. TELEFON: (+36) 1 872 6699 FAX: (+36) 1 872 6699 WWW.HITA.HU
Latest investment decisions in 2013
• Coloplast, medical devices manufacturing• OPEL, engine manufacturing • ZF Lenksysteme, steering gear manufacturing• 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• BorgWarner, transmission manufacturing• Jabil, electronics manufacturing
Thank you for your kind attention!