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The Hungarian Investment and
Trade Development Agency
- ITD Hungary –
Eszter Rumbold-Molnár
Deputy-Director/Commercial Secretary
ITDH Brussels Office/Hungarian Embassy Commercial Section
ITD HUNGARY
Central Agency for Investment and Trade
Promotion
Founded: 1993 September (Predecessor:
Investcenter 1988)
Owners: Ministry of Economy and Transport,
Ministry of Foreign Affairs
Form: incorporated non-profit company
ITD Hungary’s Main Functions
Background:
Hungary’s high exposure to international trade
(total foreign trade abt. 130% of GDP;
total FDI abt. 50% of GDP, GDP abt. 60 bn EUR)
- foreign business of paramount importance

ITDH’s Main Functions:
Investment Promotion
Trade Development
EU Integration Assistance

SLOVAKIA Salgótarján
ITDH
Network
Eger
AUSTRIA
Győr
Veszprém
SLOVENIA
Kecskemét
Békéscsaba
ROMANIA
Szeged
Szekszárd
Headquarters: Budapest CROATIA
SERBIA
and
MONTENEGRO
Nation-wide network: 14 Regional Offices

World-wide network:
35 Foreign Offices in 29 countries
10 Representative Offices in
neighbouring countries

UKRAINE
Debrecen
Budapest
Tatabánya
Zalaegerszeg
Kaposvár

Miskolc
ITDH Services Offered (1)
Information and Advisory Service
on Investments and Trade
Business Events
Conferences, Fairs, Exhibitions, Business
Network Meetings
Databases: companies, investment opportunities,
industrial parks
ITDH Euro Info Centre (EIC) in Budapest
Publications: country and sector analyses,
trade information, legal circumstances
ITDH Services Offered (2)
Information and Advisory Service for Investors:
- macroeconomic, financial and legal
environment
- assistance in locating investments, finding
business partners and sites (local
governments, industrial parks)
- available support schemes (SMART Hungary,
Europa, special schemes for SMEs)
- liaisoning with lawyers, accountants, HR
experts, financial institutions, central and
local authorities assistance in licencing
procedures
ITDH Services Offered (3)
Information and Advisory Services for Trade Partners:
- trade, customs and foreign exchange
regulations
- market and trade opportunities and potential
partners
- assistance in locating outsourcing opportunities,
potential suppliers and subcontractors
ITDH – Facts and figures in 2002
ITDH was directly involved in projects leading to foreign
direct investments worth abt. EURO 302 million,
creating appr. 5 861 new jobs
ITDH organised 368 professional programs
(128 investment promotion, 240 trade development)
Export products of 1000 Hungarian companies were
displayed at 122 exhibitions in foreign countries
FDI to Hungary with assistance of ITDH
Source: Ministry of
Economy and
Transport,
UNCTAD
Foreign Direct
Investment to
Hungary
(billion Euro)
1998
1.8
1999
1.8
526
8 910
17
2000
2.1
922
14 446
56
2001
2.4
800
10 185
52
2002
1.3
302
5 861
48
Tot a l
9.4
2 968
48 042
197
Value of
Number of
investments
new jobs
Number of
with ITDH (with the help ITDH projects
(million Euro)
of ITDH)
418
8 640
24
ITDH Brussels office
Responsible for Luxemburg-Hungary commercial relations, together
with the Hungarian Embassy and our Honorary Consul in
Luxemburg, and the Belgium/Luxemburg-Hungary Chamber
of Commerce
Database available on concrete business partner requests from
Hungary
Business partner search service through our internet site:
www.business2hungary.be
Our event in Luxemburg, in December 2003:
Conference on Hungarian Capital market and investment
SMART HUNGARY
New, quality oriented investment promotion policy of
Hungary
Selective stimuli for FDI (high level of FDI achieved –
shift from quantitative to qualitative growth)
Total compliance with EU rules, regulations and
standards
Strategic Goals of SMART Hungary
to support 'old' investors' businesses and reinvestments
to foster higher value added R&D, innovative,
manufacturing and service-oriented investments
to promote Hungary's regional role (regional centres)
to pull up less-developed regions
to stimulate reliance on local suppliers
to improve ecological awareness
Concept of Incentives
FDI incentives brought in line with EU rules:
- most of old tax incentives abolished by 31.12.2002,
- new grant schemes introduced from 01.01.2003.
Level of support based on “investment intensity”:
tax allowances+grants+other incentives
total cost of investment
Intensity ratio set for each region and industrial sector.
Major Incentives – Tax-Related
Corporate tax: 18%
Tax on dividends withdrawn or transferred abroad: 20%
Tax benefits from 2003:
- development tax benefit
- tax-free investment reserve (deferred tax)
- tax allowance for corporate R&D, innovations
- tax benefits for training and retraining
- tax rate reductions (personal income tax, healthcare)
Major Incentives – Direct (1)
Available for companies registered in Hungary
Strictly regulated rules of application
Support depend on
- industry sector
- number of employees
- invested amount
Major Incentives – Direct (2)
Expansion of competitive investments (high quality,
high value added industries, infrastructure, training,
IT, environment awareness)
Establishment of regional centres (regional corporate
and strategic service centres)
R&D, innovation (knowledge based centers and
industries, industrial parks, incubation houses)
Role of ITDH
One-stop-shop for foreign investors
Separate department deals with large investors
(individual support packages)
EU Structural Funds implementation
– intermediary body
ITD Hungary – headquarters
H-1061 Budapest, Andrássy avenue 12.
Tel: +36 1 472 8100
Fax: +36 1 472 8101
E-mail: [email protected]
http://www.business2hungary.com
ITD Hungary – Brussels office
B-1061 Brussels, rue Mignot Delstanche 57.
Tel: +32 2 343 5044
Fax: +32 2 344 5415
E-mail: [email protected]
http://www.business2hungary.be