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ITD Hungary Zrt. Erzsébet Dobos, Business Development Director Moscow, 7th June 2010

ITD Hungary Zrt. Erzsébet Dobos, Business Development Director Moscow, 7th June 2010. Hungary. Land: 93,030 km² Population: 10,1 million Population density: 109.2 people/square km Capital: Budapest (population:1.8 million GDP/capita, at PP P : EUR 1 5,300/ USD 18,840 (2009)

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ITD Hungary Zrt. Erzsébet Dobos, Business Development Director Moscow, 7th June 2010

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  1. ITD Hungary Zrt. Erzsébet Dobos, Business Development Director Moscow, 7th June 2010

  2. Hungary Land: 93,030 km² Population: 10,1 million Population density: 109.2 people/square km Capital: Budapest (population:1.8 million GDP/capita, at PPP: EUR 15,300/ USD 18,840 (2009) (wiiw, EIU) Currency: Hungarian forint HUF Hungary’sGDP/capitastandsat 64% of the EU average. From Hungary, a market of some 250 million people can be reached within 600 miles. Outward investments (2009): 11,1 billion EUR

  3. 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%) EU GDP Output Employment and wages Inflation *Exchange rate: 1 €= 271.27 HUF Source: GKI (Economic Research Institute) February 2010

  4. Improving economic performance in 2010 • VAT: 25% • Corporation tax: 19% • Contributionpayablebyemployers: 28% • Personalincometaxuntil 5 million HUF: 17% • Personalincometax over 5 million HUF: 32% • Insurancecontribution: 7,5% • Pensioninsurance: 9,5% Taxes

  5. ITD Hungary Investment and Trade Development Hungary Founded by the Hungarian Governmentto 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

  6. ITD Hungary Key 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

  7. Dynamics of the sector • Recycling • Biotechnology • ICT Growth • Renewable energy • Automotive • Electronics • Digital media and creative industries • Aviation and Aerospace Stability Decline Low Average Strong Existing presence Business Development-Main role Enhancing Hungarian product, service and capital exports through its wide range of services Priority sectors to focus on

  8. Partner management structured by industrialsectors • 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

  9. Partner management programme - results • personalcontactestablishedwith2073 significant exporting companiesin Hungary • -> 70% of total export of HungarianSME-s, 3,8 billion € • traditionalindustries(food, textile, machinemanufacturing), aswellasnew, knowledge-basedsectors(ICT, biotechnology, environment) • Russiaranksthe3rd most importantplanned export market forHungarianSME-s • ITD organised216 export developmentprogrammesin 2009 with 1500 participatingcompanies • -> estimatedresult: 400 million € export ordersthroughtheprogrammes of ITD Business Development- Activities

  10. 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

  11. Business Development- Activities 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

  12. Business Development 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 )

  13. 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

  14. 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 Investment Promotion- Services • II. During implementation • Advising on project partners and project financing • Acceleratedpermitting procedures • Assistance in applicationsfor incentives • III. In the operation phase • Maintainingcontinouscontact • Advising and assisting companies seeking to expand • Advocacy to improve the business climate

  15. II. One-Stop Shop 358 projects/year 27 realized investment in 2009 Euro 895 millioninvestment in 2009 5,461 newjobsin 2008 InvestmentPromotion-Results • I. Lead Generation • Contact with 7,600 companiesin 2009 • About150 eventsin 2009 • III. Implementation • Administrative one-stop shop for investors • 20-25 implementation projectsin 2009 • IV. AfterCare • 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

  16. Investment Promotion – Results Announced investment projects 2002-2009 Source: ITD Hungary

  17. 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

  18. Enterprise Europe Network- General services • Internalization • Individualized advice • Consultancy • European legislation • International and national tenders • Market access • Your Europe Portal • http://ec.europa.eu/youreurope/business/index_en.htm • Brochures • Databases • Events • Individualized partner search • Company missions • Brief lists • Seminars, workshops • Matchmaking events

  19. Enterprise Europe Network- General services • Innovation, technologytransfer • 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

  20. Enterprise Europe Network- General services • FP7 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

  21. Your contact ITD Hungary Zrt. 1061 Budapest, Andrássy út 12. Tel: +36 1 472 8100 Fax: +36 1 472 8101 E-mail: info@itd.hu; investment@itd.hu www.itdh.com

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