MEDICAL TECHNOLOGY HUNGARY(2015, HCSO) INFLATION-0.1% (2015, HCSO*) MEMBERSHIP IN INTERNATIONAL ... notable exports to the global market. Several Hungarian companies have achieved

IN HUNGARYMEDICAL TECHNOLOGY

FOR YOUR INVESTMENTOPENING DOORS

MEDICAL TECHNOLOGY

Published by the Hungarian Investment Promotion Agency, HIPAAll rights reserved © HIPA, 2016

www.hipa.hu

LOCATION

INFRASTRUCTURE

ABOUT HUNGARY

INNOVATION

LABOUR FORCE

HUNGARIAN INVESTMENT PROMOTION AGENCY (HIPA)

MEDICAL TECHNOLOGY IN HUNGARY

CONTENT

Medical Technology in Hungary 5

6

14

24

26

32

36

40

HUNGARY

(Source: *HCSO = Hungarian Central Statistical Office)

FORM OF GOVERMENT

PARLIAMENTARY REPUBLIC

CURRENCYFORINT

(HUF)

GDP (PPP)€ 183,989 MILLION

(2014)

UNEMPLOYMENTRATE6.8 %

(2015, HCSO)

INFLATION-0.1%

(2015, HCSO*)

MEMBERSHIP IN INTERNATIONAL ORGANISATIONS

EU, UN, OECD, WTO, NATO, IMF, ECEU member: since 2004

CLIMATETEMPERATE

(similar to the rest of the continental zone)

RISK OF NATURALDISASTERSVERY LOW

OTHER MAJOR CITIES

Debrecen (203,506)Szeged (162,593)Miskolc (159,554)Pécs (145,985)Győr (129,372)

CAPITALBUDAPEST

1,757,618(as of January 2015)

POPULATION

9,855,571(as of January 2015)

AREA

93,030 km2TIME ZONE

GMT + 1 HOUR

ABOUT HUNGARYMAIN FIGURES


ABOUT HUNGARYBUSINESS ENVIRONMENT

Hungary is an open economy where par-ticular emphasis is placed on encouraging foreign investment. Partnership with potential investors is a national priority; special attention is paid to the needs of companies already settled in Hungary, and to the further improvement of the business climate.

78%

65%57%

41% 40%

27%

HUNGARY Source: wiiw FDI Database

POLAND ROMANIA SLOVENIACZECHREPUBLIC

SLOVAKIA

Inward FDI stock in 2014 (percentage of GDP)

YOU CAN COUNT ON THE GOVERNMENT’S COMMITMENT TO FURTHER IMPROVE THE BUSINESS CLIMATE

78%of the GDP,

the highest ratio in the region.

Inward FDI stock amounted to


ABOUT HUNGARYBUSINESS ENVIRONMENT

INV

ESTM

ENTS

IN F

OCU

S

…created one of the most competitive FLEXIBLE LABOUR

CODEs in Europe(in favour of employers).

…has reduced the CORPORATE TAX RATE

to the lowest level in the CEE region.

…has introduceda FOREIGN-TRADE

FOCUSED foreign policyto attract FDI.

IN ORDERTO IMPROVE THE

BUSINESS CLIMATE, THE HUNGARIAN GOVERNMENT…

…has doubled the amount of

financial support forR&D ACTIVITIES in the 2016-2020

period.

…has reduced PERSONAL

INCOME TAX

to 15%.

…introduced a new act on a practice-based

DUAL TRAINING in favour of business

needs.

…has entered intoSTRATEGIC PARTNERSHIP

AGREEMENTSwith numerous companies,

giving fast access to the government via workshops and

regular consultations.


IS THE 2. BEST CITYBUDAPEST

ON EARTH

(Condé Nast Traveler, 2015)

EXPATS LIKE HUNGARYBudapest is a city full of surprises and wonder, with its lively centre, pretty parks, majestic river, tall church spires, and lavish spas. One of the most exciting cities in the world, Budapest is full of secrets, hidden spots to explore and old favourites to revisit. This is the city where being bored is not an option.According to Trip Advisor, Budapest offers the best price-value ratio in the world. According to Condé Nast Traveler readers, Budapest is the second best city on Earth.

EXPLORE THE COUNTRYSIDEHungary’s diverse countryside offers a wide range of outdoor activities: 11,000 kilometres of hiking routes; more than 2,500 kilometres of bicycle paths; 17 golf courses; ten national parks; and an abundance of protected nature reserves for the lovers of fresh air. The protected Puszta-region, the Great Plains, the romantic Danube Bend with its historic sites, and pretty baroque towns such as Eger attract visitors all over the year. Lake Balaton, the largest fresh water lake in Central Europe, is a perfect holiday resort.

THERMAL WATER Hungary is blessed with an abundance of thermal water, and its bathing culture is sup-ported by excellent facilities. The world’s largest thermal lake suitable for bathing is in the Western Hungarian town of Hévíz; the water temperature never drops below a tepid 79°F/26°C, so a dip is possible at any time of year!

INTERNATIONAL SCHOOLSExpatriates looking to stick with the curricula of their home countries can choose from a range of private international schools for their children. There are also many English, German and French public and private pre-schools for children aged three to six. The school year starts in September and ends in June, and school buses are usually available at private schools. There are many opportunities to study in foreign languages at universities as well.


ABOUT HUNGARYQUALITY OF LIFE

ONE OF HUNGARY’S MOST TRADITIONAL ECONOMIC SECTORS is medical technology, a sector that has seen almost 100 years of widely acknowledged innovation, highly specialized technical development and notable exports to the global market. Several Hungarian companies have achieved inter-national recognition with cutting edge products and technologies. A growing number of innovative domestic SMEs as well as several international medtech producers take advantage of the favourable environ-ment and productive workforce in Hungary.

MEDICAL TECHNOLOGY IN HUNGARY 100 YEARS OF INNOVATION

1918 1929 1948-49 1960s

Industrial scale manufacturing of X-ray machines

commenced.

Philips founded a trading company and later

established its X-ray factory in Hungary. In the 1920s and 1930s a number of domestic

manufacturers produced various types of medical

devices.

Small enterprises were nationalized and Medicor Művek was formed

from Hungary’s medical technology companies. Medicor manufactured

450 types of equipment and 1,500 different kinds of medical

instruments. At its peak, the company employed 10,000 people

and had representatives in 35 countries around the world.

In the 1960s, another company - Medical Aids Factory - played

a significant role in patient’s rehabilitation by large scale manufacturing of a range of assistive medical devices for

people with disabilities.

150 companies are engaged in medical device manufacturing

in Hungary.

Present


Major product groups include orthopaedic appliances, X-ray generators, electro-diag-nostic devices, laboratory analytic equip-

ment, imaging technology, stainless steel surgical and dental instruments, artificial body parts, needles and syringes. Majority of goods are exported, the main destination is Germany while Russia continues to be a significant market. Since the early 1990s several multinational medical device companies have been attracted to Hungary to perform manufacturing, R&D or distribution.

Major producers include:↗ 77 Elektronika Ltd. produces blood sugar level meters and laboratory medical analytic equipment. ↗ Mediso Ltd. is a dynamic supplier of nuclear medicine and modern hybrid imaging techniques to the health care and medical research institutions of the world.↗ Innomed Medical Co. Ltd. is primarily engaged in the fields of cardiology, intensive care, defibrillator technology and digital radiology. The company exports to over 110 countries around the world.↗ Mediagnost Ltd. produces mechanical parts for X-ray equipment and supplies Philips, GE and Siemens, amongst others.

MEDICAL TECHNOLOGY IN HUNGARY 100 YEARS OF INNOVATION

The activity of Hungarian market players creates a lively and innovative ecosystem for the sector.

COMPANIES ARE ENGAGED

IN MEDICAL DEVICE MANUFACTURING IN

HUNGARY

150


Finding the ideal location for manufacturing is a crucial element of corporate strategy and is always based on long-term planning. Today, we can observe an increasing number of companies considering re-shoring production from Asia back to Europe or the United States. The reasons behind this usually include escalating labour and real estate costs, the growth of transportation costs, unacceptable variation in quality, supply chain problems, lack of intellectual property protection. The examples of some of the leading medical technology companies prove that enterprises in Hungary gain long-term access to all key factors of sustainable cost-effectiveness and successful operation.

MEDICAL TECHNOLOGY IN HUNGARY100 YEARS OF INNOVATION

BUILDING ON RICH TRADITIONS IN NATURAL, TECHNICAL AND

MEDICAL SCIENCES, HUNGARY’S SEVERAL KNOWLEDGE- AND

RESEARCH CENTRES RELATED TO MEDICAL TECHNOLOGY PROVIDE

A PERFECT BACKGROUND FOR INNOVATIVE COMPANIES

LONG-TERM ACCESS TO ALL KEY FACTORS

OF SUSTAINABLE COST-EFFECTIVENESS AND

SUCCESSFUL OPERATION

INNOVATION IS OUR TRADITION


Sustaining innovation at past levels is becoming increasingly challenging in the healthcare industry, as the traditional R&D

model is under growing pressure on multiple fronts. Companies are searching new ways of reducing costs while simultaneously providing the maximum health benefit to patients. However, availability of ambitious scientists and proximity to an industry supporting research institutes will certainly remain fundamental elements in the companies’ innovation strategy and location search.

MEDICAL TECHNOLOGY IN HUNGARYOUR REFERENCES

B.BRAUNGlobal healthcare products giant B.Braun has been present in the Hungarian market for more than 40 years and established its own affiliate here in 1991. To date B.Braun has invested around EUR 200 million in Hungary, employing close to 2,000 colleagues. In its Hungarian facility the company produces all its bloodlines used in dialysis for the European market as well as infusion sets and wound drainage systems. Almost 50 million products are manufactured per year and 98% are sold in the world market. B.Braun has recently completed the largest expansion in the history of its Hungarian manufacturing site, the EUR 14 million investment is a part of its drive to quadruple the plant’s capacity by 2020. Outside Germany Hungary is the only country where B.Braun has established a software development centre. As a sign of commitment to Hungary, B.Braun was a pioneer in 1991 to start the establishment of modern dialysis care in the country non-existent before and currently operates 18 dialysis centres countrywide providing treatment to 2,500 chronic patients.

BDLeading global medical technology company BD finished the construction of its plant in 2009 where prefillable syringes are manufactured in a volume up to 500 million per year. The EUR 100 million facility in Hungary has an important role in meeting the growing worldwide demand for drug delivery systems sold to pharmaceutical companies. Completion of the new manufacturing facility marks an important milestone for BD and reinforces the Company’s commitment to making the highest quality products available to customers. On 12 November 2015 the company announced the expansion of its scope of activity in Hungary with the manufacturing of reagents for the pharmaceutical industry. The investment project of EUR 20 million will create 107 new jobs. The new facility is expected to be ready for full capacity operation by 2018 producing 8,000 different types of reagents.

CLOSE TO

2,000 COLLEAGUES

VOLUME UP TO

500 MILLION PER YEAR

THOSE WHO HAVE CHOSEN HUNGARY


MEDICAL TECHNOLOGY IN HUNGARYOUR REFERENCES

HOYAIn Hungary production of optical lenses is an activity with long history and rich traditions. World renowned optical manufacturer, Magyar Optikai Művek (Hungarian Optical Works) was established in 1876. In the golden age of the company, some 8,000 people were employed throughout its premises, including six sites in the countryside. In the 1990’s the company became a member of Buchmann Group. Optical lens manufacturer Hoya acquired the German company in 1999 thus the Japan-based global enterprise became a major player of the optical industry in Hungary. Hoya’s plant in Mateszalka (Eastern Hungary) is specialised in glass lenses, and the company employs almost 1,000 people here. The latest expansion project in a value of EUR 10 million has been recently completed and added 2,000 square metres of production space to the site’s capacity.

EMPLOYS ALMOST

1,000PEOPLE HUNGARY

THIRD LARGEST

CONTACT LENS MANUFACTURER

WORLDWIDE

COOPER VISIONOwned by Cooper Vision, the third largest contact lens manufacturer worldwide, the Hungarian manufacturing site at Gyál (near Budapest) produced 625 million contact lenses in 2014. This volume is expected to be doubled in the coming three years. In order to achieve this goal the US—based company announced on 13 July 2015 the further expansion of the manufacturing capacity. The investment project of EUR 37 million will create 400 additional jobs at the Hungarian unit. With more than 1,100 employees at present the Hungarian site is already one of the most important manufacturing units of Cooper Vision.

“GE Healthcare, one of the biggest global healthcare solution providers, found in Hungary very talented, creative engi-neers and highly trained staff often speaking multiple languages. Leveraging these skills and the traditionally innovative Hungarian climate combined with academic co-operations, we create high-value added technologies and products that provide better health for more people globally, and help to address the local clinical needs as well. Hungary and GE have been partners for more than two decades.”

Joerg BauerPresidentGE Hungary


RECENT SUCCESS STORIES & DEVELOPMENTS

MAKE THE MOST OF THE COUNTRY’S STRATEGIC GEOGRAPHICAL LOCATION

VIV

VII

IV

VIIVX

IV: Dresden – Prague – Vienna – Bratislava – Győr – Budapest – Arad – Bucharest – Sofia – Thessaloniki – IstanbulV: Venice – Trieste – Ljubljana – Maribor – Budapest – Uzhhorod – Lviv – KievVII: Vienna – Bratislava – Budapest – Belgrade – the Black SeaX: Salzburg – Ljubljana – Zagreb – Beograd – Niš – Skopje – Veles – Thessaloniki

PAN-EUROPEAN CORRIDORS CROSSING HUNGARY

LOCATIONIN THE HEART OF EUROPE GET EASY ACCESS TO BOTH WESTERN

AND EASTERN EUROPEAN COUNTRIES FROM THE HEART OF THE CONTINENT

YOU CAN

Claude Dartiguelongue Worldwide President BD Biosciences

"BD chose to establish this important production facility in Hungary because of the proximity to the important European customers it will serve. The availability of a highly skilled workforce, access to qualified subcontractors, and the support of local public officials were also key factors in our selection of this attractive location for BD's new manufacturing presence."


M5: Budapest – SRB

M6: Budapest – Pécs

M7: Budapest – SLO

MOTORWAYS IN HUNGARY

M1: Budapest – AUT

M3: Budapest – RO/UKR/SK

LEGEND

existing

planned

AT THE CROSS ROADS OF 4 MAIN EUROPEAN TRANSPORTATION CORRIDORS

Distance (km) Transit Time (days)

Rail 11 000 19-22Sea 20 000 24-47

Záhony/ChopBryansk

Moscow

Nizhny Nowgorod Ekaterinburg

TyumenOmsk

Novosibirsk

Osaka

Krasnoyarsk

Tayshet

Irkutsk

Ulan-Ude

ChitaZabaykalsk/Manzhouli Harbin

VladivostokShenyangDalian

Peking

Qingdao

Shanghai

BusanTokio

IncheonTianjin

Osinki

Iletsk

Aktogay

Druzhba/Ala Shankou

Chongqing

Scheduledblock trains

Planned train projects

Scheduledbarge service

Non-scheduled

INFRASTRUCTUREMOTORWAYS & RAILWAYS

The country also has an extensive railway network of 7,542 km. Several main train lines connect Hungary with the main ports of Western Europe (e.g. Hamburg, Bremerhaven,

Rotterdam, Antwerp), the Adriatic (Koper, Rijeka, Trieste) and the Black Sea (Constanta) with regular block train services. Záhony, the Hungarian border city plays a significant role in the East-West rail transport: this is where the European standard gauge railway network meets the eastern broad gauge system, and the transfer takes approximately 19 to 22 days to China.

RAILWAY NETWORK OF

7,542 KM

RAILWAYS

Dunajska Streda

BudapestDebrecen

Arad

Belgrade

Pireas

Ploies�

Chortomlyk

Constanta

MoscowPrague

ViennaLinz

Bremerhaven

Duisburg

Koper

Trieste

Ro erdam

Salzburg

Munich

Rijeka

Hamburg


Paris

Brussels

Amsterdam

Berlin Warsaw

Prague

Bratislava

Budapest

Belgrade

SarajevoPristina

Tirana

RomeSkopje

Bucharest

Kiev

Ljublana

Zagreb

Vienna

TEN-T Core Danube ports: Komárom, Budapest TEN-T Comprehensive Danube ports: Győr-Gönyű, Dunaújváros, Paks, Baja, MohácsMajor inland ports are located in Győr-Gönyű, Komárom, Budapest, Dunaújváros, Paks, Baja and Mohács.

MORE THAN 10 MILLION

PASSENGERS IN 2015

BEST AIRPORT IN THE EASTERN EUROPE REGION (Skytrax, 2014, 2015, 2016)

INFRASTRUCTUREPORTS & AIRPORTS

Hungary is within two hours by air from most major European capitals, and provides a key link between Europe and the rapidly expanding markets of the East.Liszt Ferenc International Airport had more than 10% increase in passenger numbers in 2015, serving millions of businesses and passengers. Over 60 direct flights are operated from Budapest to the Middle East, China and almost all European countries.From the Debrecen Airport, the second Hungarian international airport, scheduled flights are operated to London, Eindhoven, Milan, Paris, Brussels (Wizzair) and from April 2016 to Munich (Lufthansa). Further international airports can be found in Sármellék (Lake Balaton), Győr (Pér) and Pécs.

Hungary is landlocked but has access to the North Sea and the Black Sea via the river Danube. The Danube-Rhine-Main Canal connects Rotterdam, Amsterdam, Antwerp and the industrial centres of Western Europe with the Black Sea, through the Danube – Black Sea Canal with Constanta.


Hungary has a highly developed telecommu-nications system – GSM 900/1,800 MHz mobile frequencies providing 100% physi-

cal coverage, and widespread 3G mobile coverage.The strategic directions and development priori-ties for the domestic infocommunications and tel-ecommunications sector in the 2014–2020 period are set out in the National Infocommunications Strategy harmonized with the Digital Agenda of the European Union. The framework of the strate-gic action plan is determined in the Digital Nation Development Program (DNDP).

GOOD ACCESS TO HIGHWAYS

NEW TECHNOLOGY

AND LOGISTICALPARKS

EXCELLENT INFRASTRUCTURE

SERVICES

WAREHOUSINGTURNKEY SOLUTIONS

CUSTOMS ARRANGEMENTS

DELIVERY SERVICES

FINANCIAL SERVICES

ADMINISTRATION (AUTHORITY PERMITS)

LEGAL CONSULTING EXTRA SERVICES

MORE THAN

480 GREEN- AND BROWNFIELD INVESTMENT

SITES AND

110 INDUSTRIAL PARKS

ARE WAITING FOR YOUR

INVESTMENT

WIDESPREAD 3G MOBILE COVERAGE

& CONTINOUS IMPROVEMENTS SET OUT

IN THE DIGITAL NATION DEVELPOMENT

PLAN


INFRASTRUCTUREAVAILABLE INDUSTRIAL SITES

INFRASTRUCTURETELECOMMUNICATIONS

SZEGEDUniversity of Szeged, Institute of Informatics, Department of Image Processing and Computing GraphicsAs one of the most prestigious institutions of higher edu-cation in Hungary, the University of Szeged is engaged in research of technologies related to neurobiology, immunol-ogy, laser physics nanotechnologies, materials science and many other areas. The Institute of Informatics, Department of Image Processing and Computing Graphics conducts basic research in imaging technologies particularly for med-ical applications. Research projects include retina image analysis, surgical planning, tomography, MR images, analy-sis of dermatological images and organ segmentation from 3D CT images.

DEBRECENUniversity of Debrecen, Medical and Health Science CentreOperating at one of Hungary’s most important higher education institutes the Medical and Health Science Centre conducts research in various areas related to medical technology. Research projects focus on mul-timodal medical image processing, development of laboratory reagents, radiation therapy, revision ace-tabular shell, bone substitution, operating tables for spine surgery, prevention of postoperative knee flexion contracture – just to mention a few. The Department of Laboratory Medicine is the leading centre of laboratory diagnostics in Hungary. The institute is part of the Research Centre for Natu-ral Sciences. Research areas include thin film physics, nanostructures, micro technology, ceramics and nano-composites, photonics.

Szeged

Debrecen

Budapest

Pécs

SZEGEDGE Healthcare's R&D CentreThe company’s research group operating in Szeged (South-ern Hungary) is engaged in the development of imaging algorithms that support the visual separation of organs and tumours. In 2011 the company signed a long-term strategic partnership agreement with the University of Szeged. As a result medical specialists from the uni-versity’s clinics are participating in the company’s development projects and GE Healthcare sup-ports the education program at the University.

INNOVATIONR&D CENTRES


• GE Healthcare's R&D Centre• University of Szeged, Institute of Informatics, Department of Image

Processing and Computing Graphics

• University of Pécs, • János Szentágothai

• Research Centre

• University of Debrecen, Medical and Health • Science Centre

• Semmelweis University, Department of Picture Imaging Diagnostic Analysis

and Medical Instrumentation

• Budapest University of Technology and Economics, Healthcare Technologies Knowledge Centre

• Hungarian Academy of Sciences, Institute for Technical Physics and Materials Science

• GE Healthcare's R&D Centre

PÉCSUniversity of Pécs, János Szent-ágothai Research CentreThe centre covers all aspects of education, research and innovation in the fields of biomedical, natural and environmental sciences. Research areas include laboratory diagnostics, analytics, lab-on-a chip technology, high-field terahertz research, spectros-copy and various other fields in medical sciences.

INNOVATIONR&D CENTRES

Budapest


BUDAPESTGE Healthcare's R&D CentreThe company is located in Budapest and employs around 600 people, mailny highly qualified, innovative engineers – most of them Hungarians - who work together to shape the future of medical imaging. Software innovations help, for example, enable cardiologists and oncologists for example to diagnose vascular and cancer disorders early on so that treatment can be administered earlier, promising higher success rates for patients and less expensive procedures for the healthcare system. With its commitment to its R&D operation GE Healthcare spends more than USD 13 million every year on research and development in Hungary. Recently GE Healthcare has signed a major strategic partnership agreement with Eotvos Lorand University in Budapest to enhance R&D focused, practical education. Students committed to healthcare diagnosis modelling are offered the opportunity to participate in trainee or scholarship programs at GE’s international R&D Centre with additional opportunities to potentially join GE Healthcare as software developers.

MediClusterMediCluster of Hungarian Medical Manufacturers and Service Providers is a network of for-profit and non-profit companies and institutions engaged in the development, manufacturing, sales and services related to medical devices, mainly home diagnosis and treatment products and hospital equipment. In 2008 MediCluster earned the title “Accredited Innovation Cluster”.

BUDAPESTHungarian Academy of Sciences, Institute for Technical Physics and Materials ScienceThe institute is part of the Research Centre for Natural Sciences. Research areas include thin film physics, nanostructures, micro technology, ceramics and nanocomposites, photonics.

Budapest University of Technology and Economics, Healthcare Technologies Knowledge CentreThe Knowledge Centre is a virtual institution that consists of education and research groups operating more or less independently. Research activities are focused mainly on electrical- and biosensor devices, telediagnostic devices, health monitoring, medical image processing, motion analysis, bioinformatics and innovative interfaces.

Semmelweis University, Department of Picture Imaging Diagnostic Analysis and Medical InstrumentationFounded in 1769, Semmelweis University is the oldest medical school in Hungary with over 1,300 of its staff members are actively involved in on-going R&D activities. Research areas of the Department of Picture Imaging Diagnostic Analysis and Medical Instrumentation include in-silico simulation of carbohydrate metabolism, development of intelligent information systems in health care, laser light therapy and intelligent telediabetological systems.

LABOUR FORCEEDUCATION&LANGUAGES

Source: HCSO

Four universities in Hungary appear in the prestigious QS World University Rankings (which claim to be the most widely read university comparison of the world’s top 800 universities)

ACADEMIC YEAR

2014/2015

NO. OF INSTITUTIONS

67

Undergraduates (BA/BSc) and Postgraduates (MA/MSc)

271,480(of which 203,576 are full-time)

TERTIARY EDUCATION IN HUNGARY

Regarding our talent pool, 271,480 students were enrolled in 67 institutions of higher education in the 2014/2015 academic year.

Business and Law students are the largest single group, numbering 100,482 in 2014 but Techni-cal education and IT are also popular faculties. High level language skills are indispensable for successful careers. Young Hungarians under-stand that in order to be successful in today’s Europe, linguistic skills are essential. In 2013/2014 more than 552,589 Hungarian pri-mary school students and 528,273 secondary school students were learning foreign languages, mostly English and German. Hungary has ap-proximately 200 bilingual primary and second-ary educational institutions, where 37,000 young Hungarians study in English, German, French, Italian, Spanish, Russian, Chinese, and Hebrew.

0.824.3

RO

MA

NIA

IRE

LAN

D

BU

LGA

RIA

LIT

HU

AN

IA

EUR

O A

REA

(18)

LAT

VIA

GE

RM

AN

Y

HU

NG

ARY

AU

ST

RIA

PO

LAN

D

FIN

LAN

D

CZ

EC

H R

EP

UB

LIC

FR

AN

CE

CR

OA

TIA

LUX

EM

BU

RG

SLO

VA

KIA

SW

ED

EN

ES

TO

NIA

BE

LGIU

M

MA

LTA

DE

NM

AR

K

PO

RT

UG

AL

CY

PR

US

GR

EE

CE

SLO

VE

NIA

SPA

IN

UN

ITE

D K

ING

DO

M

EUR

O A

REA

28

ITA

LY

(sou

rce:

EU

RO

STAT

)

COMPETITIVE LABOUR COSTSIN THE BUSINESS INDUSTRY

TOTAL HOURLY LABOUR COSTS, € (2014)

NO

RW

AY

1020304050

YOU CAN COUNT ON THE QUALITY LABOUR FORCE ACROSS HUNGARY


BEFORE YOU MAKE A DECISION

WE OFFER YOU…

…one-stop-shop management consultancy services to address your

business needs.

…meetings with HR & Real Estate agencies, Law firms and other

consultants based on your needs.

…tailor-made incentive offers and information

packages on the business environment,

labour market, tax regulations, etc.

AFTER YOU HAVE CHOSEN

HUNGARY

PLEASE CONTACT US

…reference visits at companies that are

already established in Hungary.

…location search & evaluation

+site visits.

Address: 1055 Budapest, Honvéd utca 20. Customer service: [email protected]

Telephone: +36 1 872 6520Web: www.hipa.hu

…assistance with your incentive

application.

We are open to your feedback and offer madiation between

government and business based on your inputs.

We support your further expansion

and plans.

HIPAOUR SERVICES

HOW DO WE SUPPORT YOUR MEDTECH PROJECT?


The maximum available aid intensity decreases if the investment is a large investment (exceeding €50 million): 50% of the maximum aid intensity determined in the regional aid map is available for investment between €50 and €100 million, with 34% of the maximum aid intensity for investment over €100 million.For information on up-to-date and individual incentive packages, please contact HIPA directly.

Special tax incentives and EU tenders for R&D investments

GOVERNMENT INCENTIVES

CASH SUBSIDIESfor investments,

training, job creation

and R&D

TAX INCENTIVESreduction of

corporate tax, social tax, or for

encouraging R&D activities…

LOW-INTEREST LOANS

SPECIAL INCENTIVES

of the free enterprise zones

THESE INCENTIVES INCLUDE, BUT ARE NOT LIMITED TO

Regional grants are the most typical forms of incentives for greenfield / brownfield investments or reinvestments. The maximum amount of regional incentive is shown on the regional aid intensity map. The map above illustrates that regional aid available for investment for a large enterprise may be up to 50% of the eligible costs of the investment, depending on the region. For investments not exceeding €50 million, the maximum intensity ratio can be increased by 10 percent for medium-sized and by 20 percent for small enterprises.

As a member of the European Union, Hungary’s regulations on incentive opportunities are in accordance with the EU rules. One

of Hungary’s competitive advantages over other countries in the region is the Government’s strong commitment to increase the competitiveness of SMEs and large enterprises in Hungary.Alongside the regulatory tools that contribute to the competitive business environment of local companies, Hungary offers wide-ranging incentives to facilitate foreign direct investments and reinvestments by local enterprises. Subsidies may be granted as regional aid or specific aid, such as R&D subsidies.

SOUTHERNTRANSDANUBIA

CENTRALTRANSDANUBIA

WESTERNTRANS-

DANUBIASOUTHERN

GREAT PLAIN

NORTHERNGREAT PLAIN

NORTHERNHUNGARY

CENTRAL HUNGARYBudapest

Szeged

Debrecen

Miskolc

Győr

Székesfehérvár

25% 35%

Pécs

HIPAINCENTIVES OVERVIEW

0 / 20 / 35%

50%


THEY HAVE ALREADYCHOSEN US!


Documents

MEDICAL TECHNOLOGY HUNGARY(2015, HCSO) INFLATION-0.1% (2015, HCSO*) MEMBERSHIP IN INTERNATIONAL ... notable exports to the global market. Several Hungarian companies have achieved