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PRESENTATION OF THE
HUNGARIAN CHAMBER OF
COMMERCE AND INDUSTRY
THE BASICS
9.96 million people, 92,000 sq km
Landlocked; centrally located astride
main transport routes;
Temperate climate; mostly flat
terrain;
19 counties, capital: Budapest
Stable political environment
Private sector: over 80% of GDP
Core industries: automotive, IT,
Hungary
pharmaceutical, biotechnology,
medical engineering, food,
chemicals
Core services: communication,
tourism, logistics, R&D, SSC,
renewable energy
Good infrastructure
SMEs provide 60 % of employment,
contribute to GDP by 40 %
Reliance on imported energy
sources
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Businessland Hungary
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Per capita: 24,942 USD (PPP, 2014)
Real growth: 3,6 % (2014)
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Agriculture: 3.4 %, industry 28 %, services 68.7 %
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Households: 55.5%,
Government: 20.4 %,
Investments in fixed capital: 16.4 %
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Industrial production: 7.6 % (2014/2013),
Construction: 14.2 % (2014 /2013),
Agriculture: 4.2 % (2014 /2013)
Ext. trade growth
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Export 7.1% (2014/2013),
Import 6.9% (2014/2013)
Employment
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Real wage growth: 3.7 % (Jan-July 2015)
Unemployment: 7.35% (Jan-July 2015)
Inflation
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0.2 % (2014)
GDP
GDP composition
GDP end use
Output growth
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ON THE CROSSROADS
Rail, road and waterways
Air transport
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Telecommunications
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KEY FDI
TARGET
SECTORS
• automotive
• medical technology
• logistics
• ICT
• electronic parts
• shared services
•R&D
• tourism
KEY EXPORT
PRODUCTS
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Businessland Hungary
Land vehicles
Vehicle accessories
Electric machines
Telecommunication
equipment
Pharmaceuticals and
chemicals
Metal, rubber, plastic
machined parts
Food, furniture,
garments
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THE HCCI –
HUNGARY’S OLDEST BUSINESS ASSOCIATION
• First chambers set up by Royal Patent in 1850. Act on
Chambers of 1994 defined the HCCI a public law body
• Compulsory registration for trading and industrial companies (at
present, more than 600.000 registered companies)
• Activities of 23 regional chambers co-ordinated by HCCI
• Represents all categories of enterprises – safeguarding interests
of business actors
• Largest business association – 20 000 member companies
• Special co-ordinating role in state-managed vocational training,
registration of building contractors, grant consultants, etc.
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HCCI SERVICES
• Provision of marketing and business information
• Issue and authentication of trade documents
(Certificate of Origin, ATA Carnet, etc.)
• Organization of information workshops, training
courses, networking events, over 500 in a year
• Development of international business relations
• Counselling on applications for EU funds and
grants
• Electronic and printed publications
• On-line Hungarian Export Directory
• „Széchenyi” Card System - financial support to
SMEs
• Arbitration Court
• Expert Body on Verifying Performance in the field
of Construction Industry
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VOCATIONAL TRAINING CHAMBER
ACTIVITIES
• Maintenance of the initial training contract system by
running a national consultation network
• Development of training content in more than one
hundred professions, supervision and coordination of
master’s training and examination
• Monitoring and supervision of practical training within
business organisations
• Inviting and delegating trade examination chairmen and
examination board members; coordinating the national
system of level examination
• Organising and running of national skills competitions and
coordinating Hungarian participation in the WorldSkills
and EuroSkills Competitions
• Organising and coordinating the activities related to
career guidance
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VOCATIONAL TRAINING CHAMBER
ACTIVITIES
• Altogether 50.000 student contracts
• 25.185 examiners in 2015, 82% in the framework of dual
vocational training.
• Delegates from regional chambers in the controlling
commissions: 10.500 controlled training organization
• 2257 modular and 10.610 professional final exam with the
participation of 166.000 examiners
• SkillStar Festival in Budapest with 15.000 participants
• WorldSkills 2015 Sao Paulo competition: Hungarian team
presented in 13 professions with 14 competitors
• EuroSkills 2018. will be organised in Budapest
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HCCI INTERNATIONAL RELATIONS
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Brussels Office, Membership of
Eurochambres
Bilateral chambers in three
neighbouring countries
Bilateral and multilateral committees
in thirteen priority partner countries
and regions
Eight business councils with 3rd
countries
European Enterprise Network offices
in 5 regional chambers
Partnership agreements with foreign
national chambers in 70 countries
Cooperation with embassies, trade
commissions and trade promotion
organizations
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OUR BUSINESS RELATIONS WITH
MONGOLIA
• Further development of business relations in line with the
Opening towards the East Strategy of the Government
• Fostering close cooperation with the Mongolian National
Chamber of Commerce and Industry
• Hungarian-Mongolian Committee operated by the HCCI with
the membership of 60 companies
• Chamber business delegation organized from Hungary to
Mongolia in 2014, incoming business delegation from Mongolia
to Hungary in 2013 and in 2014
TRADE VOLUME BETWEEN MONGOLIA AND
HUNGARY
Frontier value in millions of USD
Period (year)
2012
2013
2014
Import
Export
0,055
0,025
0,01
10,0116
12,053
11,42
Source: Hungarian Central Statistical Office
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POSSIBLE AREAS FOR BUSINESS COOPERATION
• Medicine and medicinal products manufacturing
• Production of medical devices and equipment
• Construction industry (construction materials, technologies)
• Agriculture and agriculture technologies
• Information technologies
• Renewable energies
• Water and waste management
• Tourism
THANK YOU FOR YOUR
KIND ATTENTION!