ITD Hungary is the Hungarian government’s Investment and Trade Development Agency, established by the (then) Ministry of Industry, Trade and Tourism in 1993 to promote international economic relations and business endeavours having direct impacts on the development of the Hungarian economy.

 

With representative offices in eight regional centres of Hungary and a foreign network operating under Hungary’s diplomatic services and by special assignments in more than 50 countries, ITD Hungary is a single point of contact to support decision-makers looking for new business opportunities in Hungary. 

 

ITD Hungary's main activity is trade development and investment promotion. It achieves this through a combination of events (networking conferences, seminars, business tours, etc.), individual consultation and promotional brochures. To help Hungarian small and medium sized enterprises (SMEs) to succeed on international markets, ITD Hungary co-ordinates the Hungarian activities of the  Enterprise Europe Network supported by the European Commission's Enterprise and Industry Directorate.  

 

ITD Hungary provides foreign investors with high-quality support for key decision-making processes and a wealth of supplementary services.

 

Project preparation

• In-depth, tailored information on the local economy and business climate, corporate taxation and the legal environment, as well as sector-specific overviews
• Site visits, meetings with local, regional and government bodies and introductions to local suppliers, service providers and experts
• Information on available incentives

 

Implementation

• Site selection assistance, coordination of license procedures
• Finalisation of incentives agreements
• Assistance with recruitment and visa applications
• VIP treatment for expatriate employees

 

After care

• Intermediary role for future developments between government bodies and companies operating in Hungary
• Support and generation of reinvestments

 

 

 

Through a diverse set of marketing tools and support programmes ITD Hungary offers substantial logistical, financial and professional assistance to both start-up and established Hungarian exporters. A major part of ITD Hungary’s trade promotion activity is carried out by the Agency’s Customer Relations Centre operating under the Business Development Directorate.

 

These activities, targeting mainly small and medium size enterprises, include the following main elements:

• Offering leads on export opportunities in electronic and printed form;
• Organising business networking events;
• Gathering and disseminating information on EU and local funding opportunities;
• Offering advice on export procedures, customs, legal and taxation issues;
• Managing, on behalf of the Ministry of Economy and Transport, the Government’s trade promotion application programmes (grant schemes);
• Maintaining regional company and project-specific databases;
• Advising companies on export-related promotional materials and communications projects;

 

Placing activities with high added value into the focus of its trade promotion, the Agency concentrates currently on the following priority sectors: processed food, pharmaceuticals and medical engineering products, precision engineering, automotive parts and softwares.

 

 

 

 

ITD Hungary co-ordinates the Hungarian activities of the European Union’s new Enterprise Europe Network. The network offers support and advice to businesses across Europe and helps them make the most of the opportunities in the European Union. The network’s services are specifically designed for small and medium enterprises (SMEs) but are also available to all businesses, research centres and Universities across Europe.

EEN’s Hungarian structure currently consists of nine organisations established at regional chambers, enterprise development agencies and innovation centres operating accross the country. 

 

 

Publications and event management

 

ITD Hungary develops and distributes printed and electronic business guides, trade directories and information booklets in Hungarian and foreign languages.

 

The Agency’s prime communication tool is its recently revamped website.

 

ITD Hungary's weekly business newsletter contains business offers and inquiries ITD Hungary receives from abroad through trade offices, embassies, trade promotion organizations or, directly, from various business entities.

 

ITD Hungary arranges business programmes for individual visitors and delegations, organizes conferences, exhibitions, product displays and other business events. The company has substantial mailing lists and databases to support its PR and direct mailing activities.