The Hungarian Investment and Trade Development Agency

8/9/2019 The Hungarian Investment and Trade Development Agency

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The Hungarian Investment and Trade DevelopmentAgency ,

abbreviated to ITD Hungary , was founded in 1993 by theHungarian Ministry of Economy and Transport (now:

MInistry of National Development and Economy) to helpimplement the government's investment and trade promotion policies.

Building on our knowledge of the Hungarian economy andmarket, as well as the formal and informal relationshipswith government offices and businesses developed through

the years, ITD Hungary is in a position to offer a uniqueservice, primarily to small and medium-sized enterprisesand investors. Our extensive network of highly skilledteams located in eight Hungarian offices and 55international bureaus in 43 countries gathers and distributesvaluable information by maintaining close ties with stateand regional government authorities, local businesses andinternational partners.

Our achievements in figures:

In 2008, ITD Hungary

handled 564 investment project initiatives was involved in the implementation of more than 300 investment projects organized 118 events to promote FDI was involved in the successful completion of 30 investment projects helped attract 1.54 billion in foreign capital to Hungary helped create 8,094 new jobs assisted in the organisation of 30 EEN events in Hungary and 8 abroad hosted 20 seminars to promote exports from Hungary staged 53 networking events for foreign businesses staged five events associated with high-level state visits hosted 16 conferences for local businesses sponsored 51 trade shows supported 302 grant applications prepared 523 government funding contracts


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TD Hungary's mission is to help Hungarian small and medium-sized enterprises

strengthen their position in the global market by fostering entrepreneurial spirit, promoting regional development and expanding international relationships.

We also actively facilitate the investment process and encourage the import and export of capital. This promotes new enterprises, expansion and diversification, as well as boostingactivity in existing sectors.

Our goal is to play an active role in generating added value and building a knowledge- based society in Hungary. To achieve this, we must focus on innovation, economicgrowth and employment.

Our values :

highly qualified and motivated employees

practical, customer-oriented services a highly-developed network of contacts within government institutions andinternational organisations and businesses

further promotion of Hungary's positive image effective support for high-quality Hungarian products capable of competing on

the international market

TD Hungary is the Hungarian governments Investment and Trade Development Agency,established by the (then) Ministry of Industry, Trade and Tourism in 1993 to promote

international economic relations and business endeavours having direct impacts on thedevelopment of the Hungarian economy.

With representative offices in eight regional centres of Hungary and a foreign network operating under Hungarys diplomatic services and by special assignments in more than


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50 countries, ITD Hungary is a single point of contact to support decision-makerslooking for new business opportunities in Hungary.

ITD Hungary's main activity is trade development and investment promotion . Itachieves this through a combination of events (networking conferences, seminars, business tours, etc.), individual consultation and promotional brochures . To helpHungarian small and medium sized enterprises (SMEs) to succeed on internationalmarkets, ITD Hungary co-ordinates the Hungarian activities of the Enterprise Europe

Network supported by the European Commission's Enterprise and Industry Directorate.

Investment promotion

ITD Hungary provides foreign investors with high-quality support for key decision-making processes and a wealth of supplementary services.

Project preparation

In-depth, tailored information on the local economy and business climate,corporate taxation and the legal environment, as well as sector-specific overviews

Site visits, meetings with local, regional and government bodies and introductionsto local suppliers, service providers and experts

Information on available incentives

Implementation

Site selection assistance, coordination of license procedures Finalisation of incentives agreements Assistance with recruitment and visa applications VIP treatment for expatriate employees

After care

Intermediary role for future developments between government bodies andcompanies operating in Hungary

Support and generation of reinvestments
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Trade development

Through a diverse set of marketing tools and support programmes ITD Hungary offerssubstantial logistical, financial and professional assistance to both start-up andestablished Hungarian exporters. A major part of ITD Hungarys trade promotion activityis carried out by the Agencys Customer Relations Centre operating under the BusinessDevelopment Directorate.

These activities, targeting mainly small and medium size enterprises, include thefollowing main elements:

Offering leads on export opportunities in electronic and printed form; Organising business networking events; Gathering and disseminating information on EU and local funding opportunities; Offering advice on export procedures, customs, legal and taxation issues; Managing, on behalf of the Ministry of Economy and Transport, the

Governments trade promotion application programmes (grant schemes); Maintaining regional company and project-specific databases; Advising companies on export-related promotional materials and communications

projects;

Placing activities with high added value into the focus of its trade promotion, the Agencyconcentrates currently on the following priority sectors: processed food, pharmaceuticalsand medical engineering products, precision engineering, automotive parts and softwares.

Enterprise Europe Network

Enterprise Europe Network


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ITD Hungary co-ordinates the Hungarian activities of the European Unions newEnterprise Europe Network. The network offers support and advice to businesses acrossEurope and helps them make the most of the opportunities in the European Union. Thenetworks services are specifically designed for small and medium enterprises (SMEs)

but are also available to all businesses, research centres and Universities across Europe.

EENs Hungarian structure currently consists of nine organisations established at regionalchambers, enterprise development agencies and innovation centres operating accross thecountry.

Publications and event management

ITD Hungary develops and distributes printed and electronic business guides, tradedirectories and information booklets in Hungarian and foreign languages.

The Agencys prime communication tool is its recently revamped website.

ITD Hungary's weekly business newsletter contains business offers and inquiries ITDHungary receives from abroad through trade offices, embassies, trade promotionorganizations or, directly, from various business entities.

ITD Hungary arranges business programmes for individual visitors and delegations,organizes conferences, exhibitions, product displays and other business events. Thecompany has substantial mailing lists and databases to support its PR and direct mailingactivities.
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Documents

The Hungarian Investment and Trade Development Agency