Business, Tourism, Study Opportunities -

HUNGARY

V4 Business Forum, Port Elisabeth, 28.10. 2013

Hungary: Location

a market of 250 million people within 1000 km,a common market of more than 500 million people

Hungary

Land: 93,030 km²Population: ~10 millionGDP/capita, at PPP (2012): EUR 16,500/ USD 21.000 Source: Eurostat, IMD

Overview

EU

GDP

External trade and industry

Employment and wages

Inflation

• EU-member since 2004• Member of Schengen zone since 2007

• GDP 130 Bn USD (nominal) 2012• Growth 2011:+1,7% 2012:-1,7 % 2013 (fc):+1%

• Export: 103 Bn USD Import 94 Bn USD 2012• FDI: 6,0 Bn USD (2012), Stock: 92 Bn USD• HDI: 1,5 Bn USD (2012), Stock: 23 Bn USD • Budget deficit: GDP + 4,2 % (2011) -2,1 % (2012) • Average gross wage (2012): €760• Unemployment rate (fc 2013): 9,9%

• Inflation rate (2012): 5.7%, 2013 (fc): 1,9%

Source: MNB, KSH, Convergence Programme*Exchange rate: 1 €= 289.73 HUF

Why Hungary?

• Great location and logistics

• High ratio of FDI stock, open economy

• High productivity and skilled, flexible labour at competitive price level

• Government incentives

• Investment friendly policy environment

• Competitive tax system (CT: 10 – 19 %; PIT: flat 16 %)

• Attractive business environment

Tourism in Hungary

• among world’s top 15 destinations

• abt. 10 % of GDP

• 2012: 33 Mn Visitors, 7 Mn 1-3 O/T; 5 Mn 4 plus

O/T (from Africa only 0,03 Mn)

• most favourite: Budapest (only Spa Capital of the

world), Balaton, Spas (over 500 in Hungary, over

4000 hot springs)

• www.gotohungary.com, www.visit-hungary.com

Over 300 courses for foreigners, mostly in English (annual fees typically between 5.000 – 25.000 USD)

All details on website: www.felvi.hu (also in English – click on For foreigners)

Study Opportunities in Hungary

Leading Sectors in Hungary

Manufacturing Industries and Energy

• Automotive industry

• Electronics

• Cleantech (RE, W-W M.)

• Chemical industry

• Agri Business / Food

Knowledge-based Industries and Services

• Life science

• Logistics, R & D

• ICT+ education, training

• SSC

HITA – Who are we?

One-stop services for foreign investors

Enhancing business between foreign

OEMs and Hungarian suppliers

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• Trade development

tenders• 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

Offices

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

Győr

Salgótarján

Tatabánya BUDAPEST

Miskolc

Pécs

Szeged

Szolnok

Debrecen

Nyíregyháza

SzombathelyVeszprém

Eger

Békéscsaba

SzekszárdKaposvár

Quality of Life in Hungary

• International schools in BudapestBritish, American, German, Austrian, French, Chinese, Japanese etc.

• Private medical services Well-known across Europe

• Entertainment facilitiesThermal baths, wellness, recreation centresPublic golf coursesRich cultural lifeWorld known cuisine

Bilateral Economic Relations

• Trade (Mn USD):

• HU export: 2010: 450 2011: 840 2012: 777 (Total in 2012: 103 Bn USD)• SA export: 2010: 33 2011: 72 2012 (SA stat): 82 (Total in 2012: 86 Bn USD)• SA No. 4 partner for Hu outside Europe

• Investment relations:

• SA in Hungary:abt. 200 Mn USD (16 companies: SABMiller, Mondi, Group5, • Naspers etc)• SA total foreign investments: 81 Bn USD – FDI in SA:132 Bn USD• HU in SA: 0,3 Mn USD (6 small ventures)• HU total foreign invesments: 23 Bn USD – FDI in HU: 92 Bn USD

SAHUN

• Business network launched in SA in September 2011 by HITA

• Main goal: to boost business between SA and HU, focus on SMME’s

• Network services: • members receive invitations to all SA-HU business events• members can send offers for partner search

• Main counterpart in HU: SUSAN network (507 members at present)

• Summary up to 2013 November: 264 members, 335 business offers/projects • intermediated, over 60 contracts concluded, • scores in the pipeline

• Free registration by e-mail to kmeszaros@mfa.gov.hu or pretoria@hita.hu with company details and contact person coordinates

We are looking forward to a successful cooperation.

For further information,please contact:

Dr. Kalman MeszarosEconomic and Commercial CounsellorEmbassy oh Hungary, PretoriaTel: +27827823038E-mail: kmeszaros@mfa.gov.hu; pretoria@hita.huWeb: www.hita.hu