Introducing Hungarian Investment and Trade Agency Dr. Péter Faragó Vice-President Who We Are? Introduction of Hungarian Investment and Trade Agency • Governmental agency for investment promotion and trade development • Headquarters in Budapest, regional offices throughout Hungary and linked to 63 offices around the world • 150 employees, mainly consultants • Main activity: consultancy, mediation, information, and around 500 programmes yearly (trade fairs, B2B meetings, conferences, roadshows, etc) Main Tasks of the Agency Promote and facilitate foreign investments Offer one-stop-shop services for the clients Promotion of government incentives Operative guidance through the implementation phase Help to get licences, real estate, consultants, etc. Encourage Hungarian SMEs to expand their activities on international level (trade promotion) Internationalization: capital export, facilitate joint ventures, international technical cooperation Offices in Hungary and abroad 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 Goals • To contact SMEs with export potential and provide individual consulting • Joint cooperation with authorities and chambers of similar profile • Presenting innovative, high quality, top of class productions and technologies abroad • Entering foreign markets outside of the European Union • Implementing Foreign Trade Strategy • Maximize the opportunities of Hungarian suppliers • Helping in the internationalization of SMEs (capital allocation, international technology cooperation) Leading Sectors in Hungary Manufacturing Industries and Energy Knowledge-based Industries and Services • Automotive industry • Life science • Electronics • Logistics, R & D • Renewable energy • ICT • Chemical industry • SSC • Food industry Our Services • • • • • Investment Promotion 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 Trade Promotion • One-stop services for foreign investors • Export development programs for Hungarian SMEs Supplier Services • Exhibitions and trade shows • Conferences, B2B meetings • Individual consulting • “Tailor- made” partner search • Seminars, workshops, trainings, SME Academy • Enhancing business between foreign OEMs and Hungarian suppliers • Trainings, conferences, development programs, exhibitions • Match-making events between suppliers and OEMs • Long listing, pre-filtering and contacting Hungarian companies in demand of OEMs Hungarian Investment Projects Aim of the program: Bridging the gap between Hungarian small and medium enterprises and investors. The projects have to meet strict selection criteria: • Business plan: feasibility study, cash flow plan, return on investment, market research, competitors, risk analysis, SWOT, etc. • Business model • Uniqueness in case of innovative product • Distinctive strategy from competitors • Interest of the investor The projects are offered to investors in the form of the HIP flyer. • Our primary targets for finding investors to our projects include: Hungarian Jeremie funds, other Hungarian funds and foreign investors. Hungarian Investment Projects • Agriculture and food industry Setting up a water bottling factory (1 m. EUR) • Biotech and life sciences Joint venture partnership in innovative painkiller technology–R&D EUR) • (15 m. ICT and electronics Next Generation 3D Television – expanding operation (14 m. EUR) • Renewable energy Setting up bioethanol, biogas, biomass plant (95 m. EUR) • Tourism Thermal Spa Hotel and Villapark – implementation of project (100 m. EUR) Hungarian Technology Projects HITA is ready to assist and introduce Hungarian actors in the world of development cooperation: • Consultation on technology potentials • Identification of project opportunities for SMEs • Technical assistance over bilateral and multilateral financing opportunities (Private loans, Eximbank, EU, UN, WB, etc.) • Matchmaking of private sector’s capacities and possibilities • Lobbying for Hungarian companies at national and international level Hungarian Technology Projects • Collection of goods, production methods and know-hows developed in Hungary Sectors: • Rural development, • Water management • Environmental protection • Urban development • Infrastructure development • Energy • Industrial development Areas of cooperation: • from consultation to complex turnkey technology transfer Incentives Latest investment decisions in 2013 • • • • • • • • • • • • Coloplast, medical devices manufacturing OPEL, engine manufacturing ZF Lenksysteme, steering gear manufacturing Hankook, tyre manufacturing Hewlett-Packard, IT Sauflon, contact lens manufacturing Procter & Gamble, personal care products manufacturing General Electric, establishment of an oil & gas branch Greif, shared service center Bridgestone, tyre manufacturing BorgWarner, transmission manufacturing Jabil, electronics manufacturing 1055 BUDAPEST, HONVÉD UTCA 20. TELEFON: (+36) 1 872 6699 FAX: (+36) 1 872 6699 WWW.HITA.HU Thank you for your kind attention!