HUNGARY c Affairs of the Embassy of Hungary to Serbia
Door
our countries will result from these presentations, where Hungarian and Serbian businesses with similar profiles are introduced to one another. More than 100 individuals and businesses have been represented and introduced at these presentations, with the largest and most successful of these presentations co-ordinated by our office and the Hungarian Investment and Trade Development Agency (ITDH). In the more technical areas and with logistics and media relations, our
“Hungary has been focusing more intensively on the introduction of advanced technologies and innovation� offices regularly introduce prospective Hungarian investors to staff of competent Serbian Ministries and State Agencies, best able to answer their questions. The other dominant event in our bilateral economic relations was the establishing of the Hungarian-Serbian Economic Co-operation Inter-governmental Committee in Belgrade (May 2006), where the Hungarian Serbian Agreement on Economic Co-operation was signed. The third annual meeting of this committee was held in November 2008 in Belgrade. Mutual visits of Ministers and State Secretaries in the ARCADOM A.D. Polacsek Csaba, Manager
NebojĹĄina 12, 11000 Belgrade 381 63 641845 DTQPMBDTFL!BSDEPN ST XXX BSDEPN DPN TPU COMPANY D.O.O. Kiskaroly Sandor, Director
area of economy, trade, services and agriculture are notable areas of our co-operation. Are existing Hungarian investors satisfied with conditions in Serbia? Serbia has further enhanced it’s investment environment, attracting FDI by granting tax reliefs (low corporate profit tax at 10%, income tax at 12%, customs free import of capital equipment, etc.), promoting investment through subsidies and a favourable legal environment, as well as the 1996 “Most preferred Partner� agreement and the 2001 Agreement on Protection of Investments and Avoiding Double Taxation. Each of these positive, proactive economic actions and signed agreements are certain to guarantee the continued, controlled expansion of the Serbian economy, as well as the attractiveness to Hungarian SME’s of investing in Serbia. How much scope exists for Serbian companies to invest in Hungary? While privatisation is still in progress in other central European countries, Hungary has focused more intensively on the introduction of advanced technologies and innovations in the production of goods representing higher added value. Investment in the automotive sector, research and development, ICT, biotechnology, shared
www.euroteam-doo.co.rs FOREVER LIVING PRODUCTS D.O.O. Branislav Rajić, Director
KumodraĹĄka 11010 Belgrade flpbg@eunet.yu FORNETTI D.O.O.
Glavna 55a, 24300 BaÄ?ka Topola timea.ujhazi@tpucompany.com www.tpucompany.com EGROKOR TRADE D.O.O.
Kovacs Gabor, Director
Marija Perović, Director
Derkacs Miklos, Director
Milentija Popovića 30, 11070 New Belgrade egrokorr.t@sezampro.rs EUROTEAM D.O.O.
Ä?erdapska 3, 21000 Novi Sad medi-co@metrohive.net www.tchibo.de METRO CASH & CARRY D.O.O.
Kerekes Lajos, Director
Glavna 54, 24300 BaÄ?ka Topola office@euroteam-doo.co.rs
Hipodromska bb, 24107 Subotica LPOUBLU!GPSOFUUJ ST XXX GPSOFUUJ ST MEDIďšşCO D.O.O.
Veronika Ivanova, President of the Board of Directors
Autoput za Novi Sad 120, 11080 Belgrade
services operations and logistics has become especially attractive. Today, not only have a number of the largest multinational manufacturers and service providers established their facilities in Hungary, their major international suppliers have also come and brought along their subcontractors. Currently, there are more than 30,000 companies operating with foreign participation in Hungary and nearly half of foreign investments in Hungary have been cumulated in the manufacturing sector. Today FDI spreads more evenly among sectors in Hungary than in other countries in the region: Trade: 10.1%; Transport, telecom: 9.9%; Finance: 10.5%; Business services: 16.8%; Food: 5.2%; Chemical: 5.7%; Electronics: 8.8%; Automotive: 10.9%. In 2008, due to the global financial crisis, both the inflow and the number of new projects decreased by about 30%.
QS!NFUSP DD DP ZV XXX NFUSP DD DP ZV MOLďšşINTERMOL D.O.O. Zoltan Michael Takacs, Director
Oml. brigada 88/V, 11070 New Belgrade www.intermol.co.yu QUALYSOFT INFORMATICS D.O.O. Svetozar Lazarevski, Director
Bulevar Mihajla Pupina 10Ĺž/II, 11070 New Belgrade svetozar.lazarevski@qualysoft.com www.qualysoft.rs RICHTER GEDEON NYRT
Dr George Bobovos, Director
HadĹži Milentijeva 33, 11000 Belgrade nkrsmanovic@trigranit.com www.trigranit.com UNIX AUTO D.O.O. Tot Roberts, Director
Jovana Mikića 18, 24000 Subotica JOGP!VOJYBVUP ST XXX VOJYBVUP ST VALJEVOPUT A.D. Svetislav Popović, Director
BirÄ?aninova 128/V, 14000 Valjevo WBQVU!QUU ZV www.valjevoput.co.yu GOODWILL PHARMA D.O.O.
Novak Tibor, Director
Zoltan Tamas, Director
Vladimira Popovića 6, 11070 New Belgrade JOGP!SJDIUFS ST XXX SJDIUFS IV TRIGRANIT D.O.O.
Matije Gupca 5, 24000 Subotica office@goodwillpharma.co.yu www.goodwillpharma.co.yu
March 2009 / Guide to The International Business Sector 73