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American Hungarian Chamber of Commerce of New York
THE FIRST INTERNATIONAL B2B FORUM
How to Do Business in Foreign Countries?
HUNGARY
Thomas Barat
President

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2American Hungarian Chamber of Commerce of New York
Where is Hungary?

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3American Hungarian Chamber of Commerce of New York
Where is Hungary?
Hungary is in the heart of Europe
more than 1000 years

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4American Hungarian Chamber of Commerce of New York
Hungary General Information
Surface: 93 thousand sq. kilometers
Population: cca. 10 million
Form of state: Republic
Parliamentary system / one chamber (199 MP)
Membership: UN, EU, NATO, OECD
GDP in 2015: 10.900 E / per capita (Source: Eurostat)
Over 70% of the GDP is realized from the foreign trade
1 USD = cca. 280 HUF

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5American Hungarian Chamber of Commerce of New York
Do you know? Who are on the pictures?

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6American Hungarian Chamber of Commerce of New York
Do you know? There are Hungarian inventions

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7American Hungarian Chamber of Commerce of New York
Do you know? There are Hungarian specialities

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8American Hungarian Chamber of Commerce of New York
The main tasks
Business “Matchmaking”
“Spokesperson” role
Information distribution – Information exchange

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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

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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.”

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Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Some reasons:
Location in the heart of Europe
Dynamic economic growth
Membership in the European Union and NATO
EU conform investment incentives
Highly developed logistical, transport infrastructure
Well trained, creative and flexible human capital
Strong presence of foreign and multinational
companies

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Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Incentives in Hungary - programs
Economic Competitiveness Operative Program
Agricultural and Rural Development Operative
Program
Environmental Protection and Infrastructure
Operative Program
Human Resource Development Operative Program
Regional Operative Program

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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!”

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What does it means water?
American Hungarian Chamber of Commerce of New York
https://youtu.be/VlkzUaaqGbk

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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)

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16American Hungarian Chamber of Commerce of New York

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17American Hungarian Chamber of Commerce of New York
Make business with Hungarian companies!
Let’s use the benefits of HUNGARY!

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18American Hungarian Chamber of Commerce of New York
Thank you for your attention!
Thomas Barat
president@amhuncham.org

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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.pdf
http://mkik.hu/en/magyar-kereskedelmi-es-iparkamara/in-english-12551
https://youtu.be/VlkzUaaqGbk
http://consulate.newyork.gov.hu/business-and-trade-relations
https://youtu.be/e0wkokaybWA
http://en.amhuncham.org/business-informations