Hungary: The Added Value

Hungary:

The Added

Value

hungarian investment and trade development agency

H-1061 Budapest, Andrássy út 12. Tel: (36-1) 472 8100 Fax: (36-1) 472 8101 E-mail: [email protected] Internet: www.itd.hu hungarian investment and trade

SERVICES

One Stop Shop investment promotion free of charge personalized customer services global network support system business matchmaking Euro Info Centre INFORMATION ON

the Hungarian economic and business environment investment opportunities

investment incentive and support system legal and financial regulations

tax system

FOR MORE INFORMATION PLEASE CONTACT: ITDH

The Hungarian Investment and Trade Development Agency H-1061 Budapest, Andrássy út 12. Phone: (+36-1) 472-8100 Fax: (+36-1) 472-8101 E-mail: [email protected] Strategic logistics location Highly skilled, qualified workforce

One Stop Shop investment promotion

THE HUNGARIAN INVESTMENT AND TRADE DEVELOPMENT AGENCY

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Contents

Hungary: a real business centre in the heart of Europe 4

Land of welcome for foreign investors 5

Investment opportunities in the priority sectors of the Hungarian economy 10

The Automotive Industry 10

Electronics 12

Information Technology 13

R&D and Innovation 15

Biotechnology 16

Logistics 18

Investors Testimonials 20

A great place to live and work 24

ITDH offices abroad 28

Land of welcome for

foreign investors

Hungary: a real

business centre in

the heart of Europe

Hungary offers countless advan-tages to foreign businesses, but among the most important is its strategic location: right in the heart of Europe. The country provides an ideal base for investors eyeing more distant markets or planning further expansion within central Europe or the European Union. As a result of EU accession on 1 May 2004, investors here find themselves within a single market of 455 million consumers and close to four countries poised to join the EU in the coming years – enormous advantages for firms seeking new markets and new horizons.

Hungary: a real business centre in the heart of Europe

Land of welcome for foreign investors

4 5

Since the beginning of the transi-tion to democratic market economy at the end of the 1980s, Hungary has attracted a steady stream of foreign capital, well-balanced across the various sectors of the economy. The average capital influx of 2.5 – 3 billion Euros per year over the past 15 years shows just how effective the Hungarian economy has been at integrating outside investment. A country of 10 million inhabitants, Hungary can currently boast of having attracted Foreign Direct Investment (FDI) of approximately 47 billion Euros to date. In the early 1990s, privatisa-tion, conducted freely and in accor-dance with the rules of the market (a unique phenomenon in the region at that time), was the main

incentive for foreign investment – although even then investments in new industrial facilities were becoming increasingly frequent. Today, there are new incentives for foreign businesses and a new direction for incoming capital.

45000 40000 35000 30000 25000 20000 15000 40000 5000 0 1990

Source: National Bank of Hungary, Ministry of Economy and Transport *Including reinvested earnings from 1995

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 44226

Cumulated FDI* in Hungary

A new structure for

Foreign Direct

Investment (FDI)

While privatisation is still in progress in other central European countries, Hungary has begun travelling down a different road. To take one example, industry, which prior to the mid-90s had consisted mostly of simple manufacturing processes, has gradu-ally been transformed by the intro-duction of advanced technologies and innovation into production of goods representing higher added value. Investment in the automotive sector as a proportion of total FDI, and the growth in the associated service sectors, have become espe-cially important: regional service centres are being set up and R&D activities initiated at an ever-increas-ing rate. Today, not only have the largest multinational car manufactur-ers established production and assembly facilities in Hungary, their major international suppliers have also come and brought their subcon-tractors with them.

Hungary is truly a land of welcome for foreign investors — and a land of opportunity. These statements are justified by the fact that hundreds, if not thousands, of foreign companies have located here. And their num-bers continue to increase. While in 1990 the number of 100% foreign-owned companies was 231 and the number of companies with foreign participation only 5,462, today their numbers are 27.000 respectively.

A new structure for Foreign Direct

Investment (FDI)

FDI Stock by Countries

FDI Stock by Countries

USA 5% Germany 30% Austria 11% France 4% Netherland 20% Luxemburg 4%

Source: National Bank of Hungary

Other 26%, out of which the following countries represent about 2% each: Belgium Finland Norway Italy Spain Sweden Japan

Energy, water supply 4% Manufacturing, 46%, out of which: Food: 6.0% Chemical: 7.6% Electronics: 9.0% Automotive: 11.3% Other 3% Services 49%, out of which: Trade: 9.8% Transport, telecom: 8.5% Finance: 10.1% Business services: 17.0% 8 9

Investment opportunities in the priority

sectors of the Hungarian economy

The automotive industry:

Automobile manufacturing has longstanding traditions in Hungary. Since the beginning of the 20th cen-tury, the country has been fertile ground for important innovations, many of which are still in use today. It’s no accident that since the ‘90s several foreign car manufacturers (such as Audi and General Motors) have followed Suzuki’s example and set up production facilities in Hungary. (The Japanese car maker began production here in 1992 and was followed in the mid-90s by several of its traditional suppliers.) Today, the number of second- and third-line Hungarian equipment manufacturers who meet stringent quality standards is continually on the rise. There are currently hun-dreds local suppliers in this industry.

1. Gyôr / Erbslöh, Audi, Rába, Lear 2. Veszprém / Bakony Mûvek, Continental

Teves, VALEO

3. Kecskemét / Knorr-Bremse 4. Gödöllô / EMT

5. Nyíregyháza / AIP, Hübner 6. Nyíregyháza / Michelin 7. Sopron / Semperform 8. Kiskôrös / Eckerle 9. Diósd / Daewoo-MGM 10 Budaörs / VOGEL-SITZE 11. Szentgotthárd / GM Opel

12. Budapest / TEMIC, TAURIL, IKARUS, NABI, RÁBA, General Electric, Michelin, Webasto, UBP, BEROHA 13. Szombathely / Delphi-Packard, Luk

Savaria, BPWRÁBA 14. Mór / Benteler, Michels, Sews,

Hammerstein, Lear

15. Mosonszolnok./.SAPU, BOS 16. Mosonmagyaróvár / VOGEL and NOOT 17. Tatabánya / Souftec, Wescast 18. Esztergom / Suzuki

19. Nagyoroszi / KNAUS-TABBERT 20. Balassagyarmat / Delphi Calsonic 21. Salgótarján / MITSUBA 22. Sátoraljaújhely / Prec-Cast 23. Mezôkövesd / Delco-Remy 24. Eger / ZF Hungária 25. Hatvan / Bosch, Saia Burgess 26. Solymár / Johnson Controls 27. Vác / Zollner

28. Jászárokszállás / Zeuna Stärker 29. Dunaharaszti / Schwartzmüller 30. Szolnok / Isringhausen

31. Székesfehérvár / Denso, Alcoa, Loranger, Visteon, Ibiden

32. Oroszlány / Westcast-Linamar

10 11

Major Hungarian Automotive Companies

The electronics industry pro-vides one of the best options for foreign business-es looking for invbusiness-estment opportunities in Hungary. In the past few years, for-eign investors have shown a particularly keen interest in four areas within this sector. In information technology, communications and con-sumer electronics, rapid technological innovation continues to drive product development, broaden prod-uct lines and enhance per-formance for consumers. In telecommunications, foreign manufacturers of mobile devices and removable parts (namely Ericsson, Nokia and Siemens) have set up centres of excellence in Hungary, spurring innova-tion and new applicainnova-tions.

The assembly of electronic components has played a decisive role in the develop-ment of information technol-ogy (SANMINA-SCI,

Flextronics and Philips). Finally, a number of compa-nies supplying auto elec-tronics parts (such as Temic, Delphi and Bosch) have made serving the large car and bus manufacturers active in Hungary (Audi, Opel, Suzuki, Ikarus, NABI and Rába) their top priority. And there are more than a thousand Hungarian small-and medium-sized enter-prises (SMEs) to provide the large electronics manufac-turers with their capacity and know-how.

12

1. Gyôr / Philips, General Electric 2. Szombathely / Philips, Siemens 3. Sárvár / Flextronics

4. Zalaegerszeg/ Flextronics, General Electric

5. Nagykanizsa / General Electric 6. Tab / Flextronics

7. Pécs / Elcoteq 8. Dunaújváros / Aikawa

9. Székesfehérvár / Philips, Videoton, Pannonplast 10 Tatabánya / Hirsch, SCI 11. Komárom / Nokia 12. Biatorbágy / Alpine 13. Dorog / Sanyo

14. Debrecen / National Instruments 15. Göd / Samsung

16. Szigetszentmiklós / Samsung 17. Vác / General Electric, Manfred Zellner 18. Veresegyház / General Electric 19. Rétság / TDK

20. Gödöllô / Sony, Lear

21. Budapest / GE, Siemens, Ericson, Continental T 22. Hatvan / Bosch 23. Jászfényszaru / Samsung 24. Nagykáta / Clarien 25. Nagykôrös / Sanshin

26. Hajdúböszörmény / General Electric 27. Tiszaújváros / Jabil Circuit 28. Nyíregyháza / Flextronics 29. Miskolc / Shinwa 30. Kisvárda / General Electric 31. Ózd / General Electric 32. Salgótarján / Videoton, Mitsuba 33. Kaposvár / Videoton 34. Kunhegyes / Videoton 35. Veszprém / Videoton 36. Enying / Videoton 37. Sárbogárd / Videoton 38. Törökszentmiklós / Videoton

Electronics

The growth rate in IT in Hungary is around 10%, far exceeding overall GDP growth. As with fixed-line telecommuni-cations, outsourcing is playing an ever-increasing role, result-ing in an appreciable increase in the volume of IT services. Its 8% share of GDP last year shows

just how important IT is to the overall economy. Many IT com-panies long-established in Hungary have begun relocating R&D activities here. This is what Nokia, Ericsson, Siemens, Avaya, Motorola, Philips, TATA Consulting Services and HP-Compaq did, just to name a few.

Information technology

Miskolc Gödöllô BUDAPEST Gyôr Veszprém Pécs Sopron Kecskemét Szeged Dunaújváros Debrecen

R&D and Innovation

Non-Euclidean hyperbolic geome-try, the torsion pendulum, the carburettor, the transformer, the krypton bulb with tungsten fila-ment, radioactive marking, the nuclear reactor, thermonuclear fusion, the cooling tower, the electric train, supersonic flight, radio astronomy, the new meas-ure of a metre relying on the speed of light in the void, the ball-point pen, holography, the radio, the television, the computer, Basic (the first computer programming language), lead-free petrol,

vita-min C and Game Theory — all salient achievements of universal culture — were invented or funda-mentally advanced by scientists of Hungarian origin, who mastered the tenets of their scientific disci-plines here in their native country. The research and development conducted at Hungarian univer-sities and at the institutes of the Hungarian Academy of Sciences have achieved international renown.

R&D and Innovation

Students in Higher Education Sopron1241 Gyôr4250,1341 Veszprém4159,737 Budapest22714,11233 Gödöllô2018,193 Dunaújváros2795,1344 Szeged1135,1445 Kecskemét2622,1639 Miskolc2543,528 Debrecen3175,557 Engineering,IT 14 15

Traditionally strong, the life sciences in Hungary have garnered recognition around the world. Educational insti-tutions at the secondary, ter-tiary or post-graduate levels train highly qualified special-ists in everything from agronomy to molecular biol-ogy. The Hungarian pharma-ceutical industry and related sciences of pharmacy, phar-macology and biotechnology are steeped in tradition — there is, therefore, an excep-tional concentration of researchers and profession-als here in synthetic chem-istry, an area fundamental for the development of biotech. In fact, about a dozen enterprises of various

sizes have focused their entire activity on biotechnology. In the past few years these enterprises have acquired crucial expertise in biotech-nological innovation and developed partnerships with national and international research centres. Hungary’s competitiveness lies in its brainpower.

Biotechnology

16 17

Currently, there are several hundred high-quality Hungarian and multinational logistical service providers available in Hungary. In terms of the development of this service there is a favourable competition on the market. The market of companies providing logis-tics for special products and complex logistical services is growing fast. The national network of logistical service centres was set up with bearing in mind easy acces-sibility of each centre. Hungary’s EU accession is a key driving force behind the market changes, for as glob-alisation continues, customs regulations and authorisa-tion procedures become ever more simplified.

Hungary’s role as a transit country will further grow as the new EU member state bordering four non-EU coun-tries.

During the last few years the creation of an industrial park network has been consid-ered very important in Hungary. There is not one town in the country that does not have an industrial park in its neighbourhood within 30 kilometres at the minimum. Companies relo-cating to these parks can enjoy all the benefits rang-ing from production to deliv-ery to the target location and a wide selection of services.

Logistics

Logistic Centers in Hungary

18 19 Sopron *meglévô ill. megépíteni tervezett Dél-nyugati körzet Dél-magyarországi körzet Közép-dunántúli körzet Észak-dunántúli körzet Nyugat-dunántúli körzet Budapesti körzet Észak-keleti körzet Dél-keleti körzet Dél-alföldi körzet Közép-alföldi körzet Észak-tiszántúli körzet A SK HR YU RO UA SLO Gyôr Baja Nagytétény Soroksár Székesfehérvár Nagykanizsa Szolnok Szeged Debrecen Helsinki corridors Railway Road Water-way Logistics center Logistical region IV. CORRIDOR X/B. CORRIDOR V/C. CORRIDOR V/B. CORRIDOR V. CORRIDOR V. CORRIDOR IV. CORRIDOR VII. CORRIDOR (DUNA) VII. CORRIDOR (DUNA) Záhony Miskolc Tiszaújváros Csepel

Possible supplementary ele-ments of TEN Supplementary elements of TINA network Railway Road Railway Road

Accor: Aware of the

coun-try’s geographical advan-tages and economic poten-tial, Accor began its Central European expansion in Hungary by acquiring Pannonia Hotels. In 2003, at the celebration of the 10th anniversary of Accor’s com-ing to Hungary, they declared their development here a resounding success, adding that the projects cur-rently underway in Hungary and the region would con-tinue until the twenty hotels under the brand names Etap, Ibis, Mercure, Novotel and Sofitel were completed.

Audi has had its strategic

base for engine production in Hungary for 12 years. Gyôr was chosen from 180 possible locations due to the possibility of maximal utilisation of capital.

The region has a good supply of skilled workers and high number of quali-fied graduates with excel-lent language skills, as well as developed infrastructure and good transport connec-tions. ”Audi did not only safeguard its international competitiveness in the past 12 years, but also created a strategic base in Hungary, which is gaining increasing importance. Today we sup-ply appr. 30 % of the engines for the VW group; we are the biggest

exporters in Hungary and also one of the Hungarian companies with the largest sales revenue. To reach this result we rely on our highly qualified workforce con-stantly delivering an effi-cient, reliable and outstand-ing performance.”

AVIS chose Budapest due to its

excellent service ethic, strong local financial and technical skills, language skills, quality of infrastructure and geographic proximity to Avis’ European operations. ”Finding highly quali-fied, multi-lingual employees near our core operations was a priority in making our efficiency program viable.”

Bosch located its pneumatic

fac-tory in Eger, because beside the favourable level of wages, the region has well trained employ-ees and a strong tradition of the machinery industry. On top of that, the M3 motorway makes this attractive city conveniently accessible.

Diageo is very pleased with its

decision to locate its European Shared Service Centre in Budapest. "Significant cost sav-ings have been achieved, and we are particularly happy with the additional benefits driven by enhanced processing efficiency -in many cases these benefits sig-nificantly outweigh the absolute cost savings."

Duolog: „The main reasons of

our expansion to Hungary are the quality of labour force and the favourable costs. Besides the Hungarian business culture is very similar to the Irish."

Getronics chose Budapest

from several possible European cities, in countries such as Poland, Spain and Slovakia. "The eager and highly skilled workforce we found in Hungary played a significant role in our deci-sion making. Budapest is also an excellent choice because we have a strong local operation on which we can build."

Le Bélier: "We didn’t come

here to make the most of low wages. Hungary is interesting for us because of the qualified workforce and the industrial base that we found here. The country has a stable and highly devel-oped economy including the banking system."

Nief Plastic: "In 2000 our

business as plastic mould-ing subcontractors led us to follow our clients who set-tled in the region. We chose Hungary as it provided the technical and economic con-ditions best suited to our needs. After five years we can only confirm it was the right choice; today we have two facilities with a total of 300 staff in Hungary."

The Michelin Group was

attracted by the high stan-dards of the Hungarian rub-ber industry in addition to professional competence, international competitive-ness and the country’s open spirit.

Investors’ Testimonials

A great place to

live and work

A great place to live and work

The quality of life that Hungary offers foreign investors and employees in Budapest and throughout the country is an important factor when businesses consider locating here. Expats working in Hungary for extended periods have been highly satisfied: they have found living in Hungary pleasant and Budapest exciting and less expensive than other major European capitals.

Moreover, the country boasts a rich and interna-tionally recognised culture, distinctive cuisine, superb wines, a centuries-old spa tradition, excellent schools, and numerous leisure activi-ties and faciliactivi-ties.

With its millennium-old culture and awe-inspiring technological legacy, it is no wonder world business makes Hungary its central European home.

Interesting Hungarian Facts

…that in1996 Hungary cele-brated its 1100 anniversary of statehood?

...that Central-Eastern Europe's largest freshwater lake is Lake Balaton, also called the "Hungarian Sea"? ...that Lake Héviz is one of

Europe's largest, natural thermal lakes?

…that there are 1,300 thermal springs discovered to date all over Hungary?

…that Hungary boasts eight sites that UNESCO recog-nized as part of the World Heritage?

…that the Hortobágy National Park has Europe’s largest cohesive natural grassy meadow?

…that Budapest is the only capital in the world where caves can be found? …that the continent's first

underground service started in Budapest in 1896? …that Budapest is one of the

few cities in Europe with two Roman amphitheatres? …that Hungary has one of the

highest number of Nobel Prize winners relative to its population size?

Credit rating (Moody’s) A1

GDP/person (Euro purchase parity) 13 535

GDP growth (2004%) 4.0%

Inflation (2004, %) 6.8%

Export volume (2004, %) 16.9%

Import volume (2004,%) 13.8%

Unemployment ratio (2004, %) 6.1%

Balance of payments on current accounts -8.8% (2004, %GDP)

Company tax (2004, %) 16%

Average monthly salary (Euro/month)

Director 1 577.5 Chemical engineer 989.5 Mechanical engineer 867.2 Electrical engineer 1 055.4 Skilled worker 515.2 Emloyer’s contributions 33.5% Source: ITDH

Facts

development tax benefit development tax reserve

research and development allowance tax allowances granted to SMEs

non-refundable direct subsidies for technology modernization, regional

centers, logistic centers etc. job creation subsidy preferable loans

training and retraining support special investment package for large investments

Specifically supported activities

production of advanced technology standard

introduction of environment friendly technologies establishment of regional company head officies development of SMEs

research and development, innovation

informational society and economy development

The Hungarian Investment and Trade Development Agency, ITDH (Magyar Befektetési és

Kereskedelemfejlesztési Kht.) Website: www.itd.hu

Budapest Stock Exchange (Budapesti Értékto"zsde) Website: www.bet.hu

Association of Industrial Parks (Ipari Parkok Egyesülete) Website: www.datanet.hu/ipe

Hungarian Export-Import Bank, EXIMBANK (Magyar Export-Import Bank) Website: www.eximbank.hu

Hungarian Export Credit Insurance, MEHIB (Magyar Exporthitel Biztosító) Website: www.mehib.hu

Hungarian Development Bank (Magyar Fejlesztési Bank Részvénytársaság) Website: www.mfb.hu

Hungarian Chamber of Commerce and Industry (Magyar Kereskedelmi és Iparkamara)

Website: www.mkik.hu

Hungarian Enterprise Promotion Public Benefit Co (Magyar Vállalkozásfejlesztési Közhasznú Társaság) Website: www.mvf.hu

Confederation of Hungarian Employers and Industrialists (Munkaadók és Gyáriparosok Országos Szövetsége) Website: www.mgyosz.hu Authorities / Ministries:

Ministry of Economy and Transport (Gazdasági és Közlekedési Minisztérium) Website: www.gkm.hu Ministry of Finance (Pénzügyminisztérium) Website: www.pm.gov.hu

Ministry of Employment and Labour (Foglalkoztatási és Munkaügyi Minisztérium) Website: www.fmm.gov.hu

National Bank of Hungary (Magyar Nemzeti Bank) Website: www.mnb.hu

Tax and Financial Control Administration (Adó- és Pénzügyi Ellenôrzési Hivatal) Website: www.apeh.hu

Hungarian Central Statistical Office (Központi Statisztikai Hivatal)

Website: www.ksh.hu

27

Useful links

Austria - Botschaft der Republik Ungarn, Handelsabteilung Opernring 5/2, 1010 Wien Tel.: +43-1/585-3133 Fax: +43-1/585-3133-111 E-mail: [email protected] Belgium - Ambassade de la République de Hongrie, Section Commerciale

Avenue de Vert Chasseur 44, B-1180 Bruxelles

Tel.: +32-2/343-5044 Fax: +32-2/344-5415 E-mail: [email protected]

Bulgaria - Embassy of the Republic of Hungary, Commercial Service 1113 Sofia, Ul. Nikola Mircsev 33. Tel.: +359-2/963-40-06,

963-40-31

Fax: +359-2/963-1281 E-mail: [email protected]

Canada - Consulate General of the Republic of Hungary, Trade Commission

121 Bloor Str. East, Suite 1110, Toronto, Ontario,

M4W 3M5

Tel.: +1-416/923-3596 Fax: +1-416/923-2097 E-mail: [email protected]

China - Embassy of the Republic of Hungary, Commercial Office Ta Yuan Diplomatic Compound 3-1-41, 1 Xin Dong Road, 100600 Beijing

Phone: +86-10-6532-3787; 6532-3182; 6532-3845 Fax: +86-10-6532-5131 E-Mail: [email protected] Tamás Venekei (Director) Croatia - Ured za Trgovinu Veleposlanstva Republike Madarske u Zagrebu Zagreb - 10000, Pantovcak 128/I. Tel.: +385-1/4822-055 Fax: +385-1/4822-051 E-mail: [email protected] Czech Republic - Velvyslanectví Mad'arské Republiky Obchodní Zastupitelství Rumunská 22. PSCC 225 37, Praha 2 Tel.: +420-2/210-90-130, 333 Fax: +420-2/210-90-121, 240 E-mail: [email protected]

Egypt - Embassy of the Republic of Hungary, Commercial Section 15 Abou El Feda St. Zamalek, 3rd floor, No.9, Kairo A.R.E. Tel.: +20-2/736-3839, Fax: +20-2/736-3840 E-mail: [email protected]

France - Section Commerciale de l'Ambassade de Hongrie 140, Avenue Victor Hugo, 75116 Paris

Tel.: +33-1/537-067-00 Fax: +33-1/472-735-63 E-mail: [email protected]

France - Delegation Commerciale de Hongrie

21, rue Garcin, Part Dieu, 69003 Lyon

Tel.: +33-4/37-48-04-55 Fax: +33-4/37-48-04-56 E-mail: [email protected]

Germany – Botschaft der Republik Ungarn Handelsabteilung Unter den Linden 76 D-10117 Berlin Tel.: +49-30/247-297-82 Fax: +49-30/247-297-83 E-mail: [email protected]

Germany – Botschaft der Republik Ungarn, Aussenstelle Bonn Handelsabteilung – ITD Bonn Turmstr. 30, D-53175 Bonn Tel.: +49-228/937-98-10 Fax: +49-228/937-98-11 E-mail: [email protected]

Germany - Handelsabteilung des Generalkonsulats der Republik Ungarn Dom-Pedro-Str. 17, D-80637 München Tel.: +49-89/1202-2845 Fax: +49-89/1202-2847 E-mail: [email protected]

Greece - Embassy of the Republic of Hungary, Commercial Section GR 11521 Athen, 8. Dorileou Str. 3rd Floor

Tel.: +30-210/640-11-94, 95, 96 Fax: +30-210/640-11-97 E-mail: [email protected]

The Netherlands - Ambassade van de Hongaarse Republiek -Handelsafdeling

Postbus 93031 2509 AA Den Haag, Laan van Nieuw Oost Indie 271 Tel.: +31-70/383-8104

Fax: +31-70/383-8911 E-mail: [email protected] Italy - Ambasciata della Republica di' Ungheria Sezione Commerciale Via Vincenzo Monti, 15, 20123 Milano

Tel.: +39-02/498-4731 Fax: +39-02/498-4471 E-mail: [email protected]

ITDH offices abroad

Japan - Embassy of the Republic of Hungary, Commercial Section No. 28. Mori Building, 16-13 Nishiazabu 4-chome Minato-ku, Tokyo 106-0051 Tel.: +81-3/3499-4951 Fax: +81-3/3499-4918 E-mail: [email protected]

Lithuania - Vengrijos Respublikos Ambasados Komercijos Biuro Saviciaus gatve 8-4,, 2001 Vilnius, Lithuania

Tel.: +370-52/69-09-30 Fax: +370-52/31-40-21 E-mail: [email protected] Poland – Wydzia Handlowy Ambasady Republiki Wengierskiej 00-464 Warszawa, u. Szwolezerów 10

Tel: +48-22/841-3551, 1896 Fax: +48-22/841-3863, 4364 E-mail: [email protected] Romania - Ambasada Republich Ungare Bucuresti, Biroul Comercial Bucuresti, RO - 70258, Str. Drobeta nr. 11. sector 2

Tel.: +40-21//212-4106 Fax: +40-21/212-4692 E-mail: [email protected]

Spain - Consulado General de Hungria en Barcelona Avda. Diagonal, 463 bis-7, 08036 Barcelona

Tel.: +34-93/322-28-16 Fax: +34-93/405-39-93 E-mail: [email protected] Serbia-Montenegro - Ambasada Republike Madarske Trgovinsko Odelenje

Beograd, 11000, Ulice Nemanjina 4/XIII.

Tel.: +381-11/641-966 Fax: +381-11/641-674 E-mail: [email protected] Slovakia - Velvyslanectvo Madarskej Republiky, Obchodné Zastupitelstvo Palisady 40., 81106 Bratislava Tel: +421-2/5441-88-01, 8802 Fax: +421-2/5441-88-05, 08 E-mail: [email protected] Switzerland - Ungarischer Aussenhandelsdienst 8002 Zürich, Richard Wagner str. 6. Tel.: +41-1/202-8550 Fax: +41-1/202-8560 E-mail: [email protected]

Sweden - Hungarian Commercial Service Birger Jarlsgatan 22., S-11434 Stockholm Tel.: +46-8/611-5675 Fax: +46-8/611-7645 E-mail: [email protected] Taiwan – Hungarian Commercial Service

3F, No.97, Jingye 1st Rd., Tachih, Chung-Shan District, Taipei 104, Taiwan

Tel.: +886-2/8501-1200 Fax: +886-2/8501-1161 E-mail: [email protected]

Turkey - Consulate General of the Republic of Hungary, Trade and Investment Promotion Section 1. Levent, Korukent Sitesi, C Blok, Daire 5,

Istanbul, 80600 Türkiye Tel.: +90-212/275-3445 Fax: +90-212/275-2269 E-mail: [email protected] United Kingdom - Hungarian Embassy, Trade Commission 46 Eaton Place, London SW 1 X8AL

Tel.: +44-207/235-8767 Fax: +44-207/235-4319 E-mail: [email protected]

United States of America -Hungarian Trade Office 150 East 58th Street, 33rd Floor,

New York, N.Y. 10155-3398 Tel.: +1-212/752-3060 Fax: +1-212/486-2958 E-mail: [email protected] United States of America -Commercial Section of the Consulate General of the Republic of Hungary 11766 Wilshire Blvd., STE 410, Los Angeles, CA 90025 Tel.: +1-310/479-7878 Fax: +1-310/479-5119 E-mail: [email protected] United States of America – Office of the Hungarian Trade

Commission

500 North Michigan Avenue, Suite 810,

Chicago, IL 60611 Tel.: +1-312/377-7722 Fax: +1-312/377-7723 E-mail: [email protected]

Ukraine - Embassy of the Republic of Hungary, Commercial Section 252034 Kijev, ul. Streleckaja 16. Tel.: +380-44/229-72-00 Fax: +380-44/229-89-06 E-mail: [email protected] 28 29