Economy and Doing Business in Hungary

ECONOMY

General information

Capital:	Budapest	President:	H.E. Ms. Katalin Novák
Population:	9.8 million	Prime Minister:	H.E. Mr. Viktor Orbán
HUF/EUR (Sept 2019):	333.36

Doing Business

Investment

Corporate profit tax: 9%

VAT Standard: 0-27%

Dedicated investment promotion agency:

Hungarian Investment Promotion Agency www.hipa.hu

Key investment sectors:

Automotive Industry
Medical Industry
ICT
Electronics
Logistics
Food Industry
Life Sciences
Renewable Energy
SSC

Hungarian investment projects: www.investhipa.hu

Trade

Dedicated trade promotion agency:

Hungarian Export Promotion Agency https://hepa.hu/en

Key export sectors:

Agriculture and Food Industry
Health Care Industry
Architecture and Engineering Services
Environmental Industry
ICT
Chemical Industry
Machine Industry
Automotive Industry
Electronics Industry

Export-Import Bank:

Hungarian Export-Import Bank Plc. and Hungarian Export Credit Insurance Plc. https://exim.hu/en/

Chamber:

Hungarian Chamber of Commerce and Industry (HCCI) http://www.mkik.hu/en