EENI Global Business School
Business in Hungary, Budapest

Syllabus of the Subject - Doing Business in Hungary. Budapest

  1. Introduction to Hungary (European Union)
  2. Hungarian Economy: the largest Mobile phone producer in the European Union
  3. Doing Business in Budapest
  4. Hungarian Foreign Trade
  5. Foreign Direct Investment (FDI) in Hungary
  6. Access to the Hungarian Market
  7. Business Plan for Hungary
Transport and Logistics in Hungary. Access to the
  1. Pan-European Corridor II
  2. Pan-European Corridor IX
  3. Baltic-Adriatic Transport Corridor

Hungarian Preferential Access and Free Trade Agreements

  1. Hungary and the European Economic Area
  2. European Union
  3. As a member of the European Union, Hungary is a beneficiary of the EU Free trade agreements with Algeria, Ivory Coast, South Africa, South Korea, India, Mexico, MERCOSUR, Chile, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey
  4. Central European Initiative (CEI)

The objectives of the Subject “Doing Business in Hungary” are the following:

  1. To analyse the Hungarian Economy and Foreign Trade
  2. To know the business opportunities in the Hungarian Market
  3. To analyse the trade relations of Hungary with the country of the student
  4. To know the Free Trade Agreements of Hungary as a member of the European Union
  5. To develop a business plan for the Hungarian Market
The Subject “Foreign Trade and Business in Hungarybelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Doctorates: European Business, World Trade
  2. Masters: Business in Europe, International Business, Foreign Trade

European Union, Master Doctorate Business Masters and Doctorates in International Business adapted to the Hungarian Students

E-learning Courses, Diplomas (Foreign Trade)

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

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

European Union-Moldova Association Agreement





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Description of the Subject: Doing Business in Hungary

Hungary (Europe)

  1. Hungarian Capital: Budapest
  2. Official Language: Hungarian
  3. Hungarian Area: 93,028 square kilometres
  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)

Hungary belongs to the Western Civilisation (European Economic Area)

Baltic-Adriatic Transport Corridor (Poland, Slovakia, Austria, Italy)

Economy of Hungary.

  1. Hungary is a moderate-high growing economy
  2. Economic recession in 2008-2009
  3. Hungarian GDP (nominal): 132,276 million dollars
  4. The private sector generates about 80% of the Hungarian GDP
  5. GDP per capita of Hungary: USD 13,200
  6. Currency of Hungary: Hungarian Forint
  7. Hungary is a member of the European Union since 2004
  8. Hungary attracts ten million tourists every year
  9. Hungarian automotive sector is increasingly important. Brands like Audi, Mercedes, GM-Opel or Suzuki have factories in Hungary
  10. Hankook tire company is also in Hungary
  11. Hungary is the main hub for mobile phones production in the European Union
  12. Main Hungarian products: building materials, processed foods, textiles, chemical and pharmaceutical products, cars

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

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 United Kingdom, Slovakia, Poland
  3. The main Hungarian Imports are machinery, raw materials, manufactured products
  4. Top suppliers of Hungary: Germany (27%), China, Russia, Austria, Italy
  5. As a member of the European Union, Hungary is a beneficiary of the EU Free trade agreements with Moldova, Ukraine, South Korea, India, Mexico, Georgia, Egypt, Jordan, Lebanon...

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

International Economic Relations of Hungary

  1. International Chamber of Commerce
  2. Organisation for Economic Cooperation and Development (OECD)
  3. World Bank
  4. Regional Cooperation Council
  5. European Union
  6. World Trade Organisation (WTO)
  7. Economic Commission for Europe (UNECE)
  8. International Monetary Fund (IMF)
  9. Group of States of the European Council Convention against Corruption (GRECO)
  10. United Nations
  11. European Investment Bank (EIB)
  12. European Bank for Reconstruction and Development
  13. International Rail Transport Committee (CIT)
  14. Convention Relating to Temporary Admission
  15. Customs Convention on Containers (CCC)
  16. Organisation for Security and Cooperation in Europe (OSCE)
  17. Asia-Europe Economic Meeting (ASEM)

Examples of the Subject - Foreign Trade and Business in Hungary:
Central European Initiative (CEI), Course

European Union-Georgia Association Agreement



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