EENI Global Business School

Business in Hungary

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Syllabus of the Subject

Foreign Trade and Business in Hungary. Budapest

  1. Introduction to Hungary (EU)
  2. Hungarian Economy: the largest Mobile phone producer in the EU
  3. Business in Budapest
  4. Hungarian Foreign Trade
  5. Investment in Hungary
  6. Access to the Hungarian Market
  7. Business Plan for Hungary

The objectives of the subject “International Trade and Business in” Hungary” are the following:

  1. To analyze the Hungarian Economy and Global Trade
  2. To know the business opportunities in the Hungarian Market
  3. To analyze the trade relations of Hungary with the country of the student
  4. To know the Trade Agreements of Hungary as a member of the EU
  5. To develop a business plan for the Hungarian Market

European Union-Moldova Association Agreement

E-learning Course Master, International Business

The Subject “Foreign Trade and Business in Hungary” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Doctorate in International Business (DIB) Online

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Languages: Masters, Doctorate, International Business, English + Study Master Doctorate in International Business in Spanish Hungría Study Doctorate in International Business in French Hongrie Masters Foreign Trade in Portuguese Hungria.

Foreign Trade and Business in the EU Countries

  1. Credits of the Subject “Doing Business in Hungary”: 1 ECTS
  2. Duration: one week

EU, Masters, International Business Trade Masters adapted to Hungarian Students.

International Trade and Business in Hungary

Trans-European Transport Corridors. Online Education (Course, Doctorate, Master)

Transport in Hungary. Access to the
  1. Pan-European Corridor II
  2. Pan-European Corridor IX
  3. Baltic-Adriatic Corridor

Trans-European Transport Network Corridors (Poland, Slovakia, Austria, Italy)

EU International Relations

Market Access - Free Trade Agreements

Hungarian Preferential Access and Trade Agreements:

  1. Hungary and the European Economic Area
  2. The EU
    1. European Single Market
    2. The EU Services Directive
    3. European Digital Single Market
    4. European Customs Union
    5. As a member of the EU, Hungary is a beneficiary of the EU Trade Agreements
  3. Commonwealth of Independent States
  4. Regional Cooperation Council
  5. Council of the Baltic Sea States (observer country)
  6. Organization of the Black Sea Economic Cooperation (observer country)
  7. Cooperation Council of Turkic Speaking States (observer country)

European Single Market

European Union-Georgia Association Agreement

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. Convention Harmonization of Frontier Controls of Goods
  4. CIM, CIT Rail Rules
  5. COTIF Convention (Rail)
  6. BIC
  7. Chicago Convention (ICAO)
  8. IMO
    1. Convention for Safe Containers
    2. Istanbul Convention
  9. Customs Convention on Containers
  10. Hamburg Rules
  11. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  12. CMR Convention (UN)
  13. Organization for Cooperation between Railways (OSJD)
  14. ICC

Foreign Trade Facilitation. TFA Agreement. Customs. Payments. Global Supply Chain

The EU and Their Institutions

  1. The EU
  2. UNECE
  3. OSCE

Globalization and International Organizations

  1. Asia-Europe Meeting
  2. OECD
    1. OECD anti-corruption measures
  3. IMF
  4. WB
  5. UN
  6. WTO
  7. CPLP (observer country)

European Union Single Market. Free movement of people, services, capitals and goods

  1. Hungarian Capital: Budapest
  2. Official Language: Hungarian
  3. Hungarian Area: 93,028 km²
  4. Hungarian Population: 9.9 million people
  5. Type of Government: Democratic Parliamentary Republic
  6. Borders of Hungary: Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria

Religion in Hungary: Catholicism (Christianity).

Christianity and Global Business (Catholicism, Protestantism)

Hungary belongs to the European Economic Area.

Pan-European Corridor II (Russia-Belarus-Poland-Germany)

Economy of Hungary.

  1. Hungary is a moderate-high growing Economy
  2. Hungarian GDP (nominal): 132,276 million dollars
  3. The private sector generates about 80% of the Hungarian GDP
  4. GDP per capita of Hungary: USD 13,200
  5. Currency of Hungary: Hungarian Forint
  6. Hungary is a member of the EU since 2004
  7. Hungary attracts ten million tourists every year
  8. Hungarian automotive sector is increasingly important. Brands like Audi, Mercedes, GM-Opel or Suzuki have factories in Hungary
  9. Hankook tire company is also in Hungary
  10. Hungary is the main hub for mobile phones production in the EU
  11. Main Hungarian products: building materials, processed foods, textiles, chemical and pharmaceutical products, cars

Foreign Trade (Importing, Exporting)

Hungarian Foreign Trade

  1. The main Hungarian Exports are machines, equipment, foods, raw materials
  2. Top Hungarian export markets are Germany (28%), Italy, France, Austria, Romania, the UK, Slovakia, Poland
  3. The main Hungarian Imports are machinery, raw materials, manufactured products
  4. Top suppliers of Hungary: Germany (27%), China, Austria, Italy

(c) EENI Global Business School (1995-2023)
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