A bridge between the USA and HUNGARY - presentation Presenter: Thomas Barat, President of American Hungarian Chamber of Commerce (AmHunCham) - New Jersey City University - Institute for Dispute Resolution (IDR) 09/20/2019

1. American Hungarian Chamber of Commerce
Thomas Barat
New Jersey City University - Institute for Dispute Resolution (IDR)
09/20/2019
A bridge between the USA and HUNGARY

2. American Hungarian Chamber of Commerce
AmHunCham
A bridge between the USA and HUNGARY

3. 3American Hungarian Chamber of Commerce
Where is Hungary?

4. 4American Hungarian Chamber of Commerce
Where is Hungary?
Hungary is in the heart of Europe

5. 5American Hungarian Chamber of Commerce
Do you know?

6. 6American Hungarian Chamber of Commerce
Do you know?

7. 7American Hungarian Chamber of Commerce
Do you know?

8. 8
Why Hungary?
Budapest Business Region - Get Engaged
Video: https://youtu.be/e0wkokaybWA

9. 9American Hungarian Chamber of Commerce
General Information - Economy of Hungary
Geographical size: 93 022 sq. kilometers
Population: 9,772,756 (01/01/2019)
Political system: Parliamentary Republic
Membership: UN, EU, NATO, OECD
Currency: Hungarian Forint – HUF (1 USD = cca. 300 HUF)
Inflation rate: 3,23% (2019)
Unemployement: 3,7% (2017)
Hungary GDP per capita 16 503.50 $
(Source: Tradingeconomics.com / 2018)
Over 70% of the GDP is realized from the
foreign trade (Source: Eurostat)
Exports: 125,75 billion $ (2017)
Imports: 115,63 billion $ (2017)
Corporate income tax: 9% Source: MTI

10. 10American Hungarian Chamber of Commerce
Foreign Direct Investment Hungary
Foreign Direct Investment 2016 2017 2018
FDI (million USD) 80,699 90,644 88,736
Number of Greenfield Investments 110 83 116
Source: UNCTAD / Central Bank of Hungary / https://en.portal.santandertrade.com/establish-overseas/hungary/foreign-investment
Main Investing Countries 2018 (%)
Germany 13.0
Netherlands 10.3
Luxembourg 10.1
Ireland 9.4
United States 9.1
France 7.5
South Korea 6.7
Main Invested Sectors 2018 (%)
Manufacturing 38.0
Wholesale and retail trade;
repair of vehicles
13.7
Profesionnal, scientific,
technical activities and other
services
6.1
Monetary intermediation 3.2

11. 11American Hungarian Chamber of Commerce
Investments (some examples)

12. 12
Business in Hungary
Video: https://youtu.be/VlkzUaaqGbk

13. 13
A bridge between the USA and Hungary
American Hungarian Chamber of Commerce
The main tasks:
Business “Matchmaking”
“Spokesperson” role
Information distribution – Information exchange

14. 14
A bridge between the USA and Hungary
American Hungarian Chamber of Commerce
Important US - Hungarian connections
New Jersey City University
Institute for Dispute Resolution
Connecting Bridges and Borders Program
Commerce and Industry Association of New Jersey
SelectUSA * ExploreNJ * ChooseNJ

15. 15
A bridge between the USA and Hungary
American Hungarian Chamber of Commerce
The Real Bridge between the commerce of USA and Hungary

16. 16
A bridge between the USA and Hungary
American Hungarian Chamber of Commerce
The Real Bridge between the commerce of USA and Hungary

17. 17
Why Choose Hungary?
American Hungarian Chamber of Commerce of New York
Opinions about Hungary:
The Forbes magazine:
“9th mostly recommended country for investment”
The OECD bi-yearly report:
“Hungary has the 4th most flexible regulation on employment and
labour force in the EU!”

18. 18American Hungarian Chamber of Commerce
Business with Hungary,via ...
American Hungarian Chamber of Commerce http://en.amhuncham.org/
Hungarian Consulate General of Hungary, New York https://newyork.mfa.gov.hu/eng
Hungarian Export Promotion Agency (HEPA) https://hepa.hu/en
Hungarian Investment Promotion Agency (HIPA) https://hipa.hu/main

19. 19
http://www.amhuncham.org/
American Hungarian Chamber of Commerce

20. 20American Hungarian Chamber of Commerce
Thank you for your attention!
Thomas Barat
president@amhuncham.org