
Business in Hungary

Foreign Trade and Business in Hungary. Budapest
- Introduction to Hungary (EU)
- Hungarian Economy: the largest Mobile phone producer in the EU
- Business in Budapest
- Hungarian Foreign Trade
- Investment in Hungary
- Access to the Hungarian Market
- Business Plan for Hungary
The objectives of the subject “International Trade and Business in” Hungary” are the following:
- To analyze the Hungarian Economy and Global Trade
- To know the business opportunities in the Hungarian Market
- To analyze the trade relations of Hungary with the country of the student
- To know the Trade Agreements of Hungary as a member of the EU
- To develop a business plan for the Hungarian Market


Masters adapted to Hungarian Students.
International Trade and Business in Hungary








- The EU
- UNECE
- OSCE

- Asia-Europe Meeting
- OECD
- OECD anti-corruption measures
- IMF
- WB
- UN
- WTO
- CPLP (observer country)

- Hungarian Capital: Budapest
- Official Language: Hungarian
- Hungarian Area: 93,028 km²
- Hungarian Population: 9.9 million people
- Type of Government: Democratic Parliamentary Republic
- Borders of Hungary: Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria
Religion in Hungary:
Catholicism (Christianity).

Hungary belongs to the European Economic Area.

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

Hungarian Foreign Trade
- The main Hungarian Exports are machines, equipment, foods, raw materials
- Top Hungarian export markets are Germany (28%), Italy, France, Austria, Romania, the UK, Slovakia, Poland
- The main Hungarian Imports are machinery, raw materials, manufactured products
- Top suppliers of Hungary: Germany (27%), China, Austria, Italy
(c) EENI Global Business School (1995-2023)
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