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ITD Hungary Zrt.
Erzsébet Dobos,Business Development
Director
Moscow, 7th June 2010
Land: Land: 93,030 km²93,030 km²Population: Population: 10,1 million10,1 millionPopulation density: Population density: 109.2 people/square km109.2 people/square kmCapital: Capital: Budapest (population:1.8 millionBudapest (population:1.8 millionGDP/capita, at PPGDP/capita, at PPPP: : EUR 1EUR 15,300/ USD 18,840 (2009)5,300/ USD 18,840 (2009)(wiiw, EIU(wiiw, EIU))Currency: Currency: Hungarian forint HUFHungarian forint HUFHungary’sHungary’s GDP/capitaGDP/capita standsstands atat 64% of 64% of thethe EU EU average.average.FFrom Hungary, a market of some 2rom Hungary, a market of some 2550 million 0 million people can be reached within 600 miles.people can be reached within 600 miles.Outward investments (2009): Outward investments (2009): 11,1 11,1 billionbillion EUR EUR
Hungary
Improving economic performance in 2010
EU-member since 2004
GDP growth 2010: +0% (2009: -6.3%)
Export growth 2010: +4.0% (2009:-9.1%)Industrial production: +2.5% (2009: -15.9%)
Average wage: € 724 (Q3 2009)*Unemployment rate (2009: 10.1%)
Average inflation rate 2010: 4.3% (2009: 4.2%)
GDP
Output
Inflation
Employment and wages
EU
*Exchange rate: 1 €= 271.27 HUF
Source: GKI (Economic Research Institute) February 2010
VAT: 25%
Corporation tax: 19%
Contribution payable by employers: 28%
Personal income tax until 5 million HUF: 17%
Personal income tax over 5 million HUF: 32%
Insurance contribution: 7,5%
Pension insurance: 9,5%
Taxes
Improving economic performance in 2010
Founded by the Hungarian Government to achieve its foreign economic policy goals
promote and facilitate foreign investments
develop international trade
promote Hungarian capital investments
EU integration-oriented SME development
Central Office in Budapest 20 regional offices 60 Foreign Trade Offices
ITD Hungary
Investment and Trade Development Hungary
ITD HungaryKey competences of the agency:
FDI Promotion
Exploring new channels to investors One-Stop Shop for investors Implementation Aftercare
Promoting Hungarian businesses internationally
Supporting export capabilities of Hungarian SMEs Supporting foreign investments of Hungarian SMEs Supporting Hungarian SMEs to become suppliers of large
multinationals
Other major tasks Maintenance of representative network abroad Channeling the business related experiences of ITD Hungary through
policy making initiatives to the government for boosting competitiveness
Business Development-Main role
Enhancing Hungarian product, service and capital exports through its wide range of
services
Recycling Biotechnology
Renewable energy
ICT
Automotive
Electronics
Aviation and Aerospace
Digital media and creative industries
Dynamics of the sector
Existing presence
Growth
Stability
Decline
Low Average Strong
Priority sectors to focus on
Business Development- Activities
Partner management structured by industrial sectors
Deep, sector-specific knowledge to advise domestic companies on export-related issues
Co-operation with more than 2000 companies based on annual business developmental plans
Organising business networking meetings, sector-specific seminars, exhibitions, trade-shows
Actively supporting the SMEs sector
Business matchmaking
Organising collective Hungarian participation on exhibitions and fairs
Business Development- Activities
Partner management programme - results personal contact established with 2073 significant exporting companies in Hungary
-> 70% of total export of Hungarian SME-s, 3,8 billion €
traditional industries (food, textile, machine manufacturing), as well as new, knowledge-based sectors (ICT, biotechnology, environment)
Russia ranks the 3rd most important planned export market for Hungarian SME-s
ITD organised 216 export development programmes in 2009 with 1500 participating companies
-> estimated result: 400 million € export orders through the programmes of ITD
Business Development- Activities
Customer Relations Centre
Offering leads on export opportunities in electronic and printed form;
Gathering and disseminating information on EU and local funding opportunities, Hungarian and European tenders;
Offering advice on export procedures, customs, legal and taxation issues;
Maintaining nation-wide company database
Medium-term goal: To establish foreign trade E – market
Development of Supplying Sector
Support the realization of subcontracting networks
Increase the number of suppliers in the manufacturing sector
Applying the Suppliers Development Programme Enhancing suppliers network meeting the demand of the big
investors locating in Hungary
Business Development- Activities
Instruments for development
full audit at the selected subcontractors with the OEM
indication of the area to be developed
summarization of support possibilities
active Forum for suppliers, integrators, multinational companies
enhancing supplying relations (data banks, e-market,
consulting)
suppliers conferences and events
suppliers coaching (training, "best practice” improving suppliers
capabilities )
Business Development
Main sectors – trade relations with Russia
Agriculture, Food products and technolgies for the food
industry (machinery and equipment)
Processed meat
Vegetables and fruit products
Wine and spirits
Cleantech: waste management technolgies, waste water
and drinking water systems, environmental engineerin
Medical devices and equipments (hospitals, lab-
technologies)
Textiles, apparel (clothing, textiles for special usage)
Construction: engineering services, project management
Electronics: devices for the automotive industry
I. In the decision making process Tailor made, comprehensive information packages on the economy,
politics, financial incentives, business environment, tax system and individual sectors
Identifying locations, organizing site visits Organizing partner meetings
II. During implementation Advising on project partners and project financing Accelerated permitting procedures Assistance in applications for incentives
III. In the operation phase Maintaining continous contact Advising and assisting companies seeking to expand Advocacy to improve the business climate
Investment Promotion- Services
II. One-Stop Shop 358 projects/year 27 realized investment in 2009 Euro 895 million investment in 2009 5,461 new jobs in 2008
I. Lead Generation Contact with 7,600 companies
in 2009
About 150 events in 2009
III. Implementation Administrative one-stop shop for
investors 20-25 implementation projects in
2009
IV. After Care 25 potential reinvestment in 2009 160 after care events with about 230
companies all over Hungary Generating new investments
(manufacturing, R&D, service centre) Ongoing advocacy, and follow-up of the
potential investment projects
Investment Promotion- Results
Investment Promotion – Results
Announced investment projects 2002-2009
Source: ITD Hungary
269
696 727
12821429
16501536
895
0
500
1,000
1,500
2,000
2002 2003 2004 2005 2006 2007 2008 2009
EU
R m
illio
n
Enterprise Europe Network Hungary
Our place in the largest European network
1 consortium
9 partners (chambers of commerce, development agency, foundations)
60 experienced professionals
Operations in all the 7 Hungarian regions
Mission
Support to the creation and development of SMEs
Assistance and information to SMEs on EU activities and opportunities
Feedback on views and problems of entrepreneurs
“One stop shop – No wrong door”
Direct service or signposting to the right business organization
Enterprise Europe Network- General
services Internalization
Individualized advice
Consultancy
European legislation
International and national tenders
Market access
Your Europe Portalhttp://ec.europa.eu/youreurope/business/index_en.htm
Brochures
Databases
Events
Individualized partner search
Company missions
Brief lists
Seminars, workshops
Matchmaking events
Enterprise Europe Network- General
services
Innovation, technology transfer
Individualized advice: Consultancy
Audit
IPR
Transnational Technology Transfer
Tender watch service
Brochures:Catalogue for matchmaking event in renewable energy sector
Database:SME Feedback Database
Events: Seminars, workshops
Enterprise Europe Network- General
servicesFP7 programs
Individualized advice: Consultancy
FP7
Tender watch service
Sharing best practice
Database:SME Feedback Database
BBS
Events: Seminars, workshops
FP7 for ICT sector
R&D Day at Miskolc
ITD Hungary Zrt.1061 Budapest, Andrássy út 12.Tel: +36 1 472 8100Fax: +36 1 472 8101E-mail: [email protected]; [email protected]
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