Doing Business in Hungary 2010 - International Franchise Association

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The EU-wide Community Trademark (CTM) can be obtained via a single language application to the Office of Harmonization in the Internal Market (OHIM) in Alicante, Spain. It lasts ten years and is renewable indefinitely. For companies looking to protect trademarks in three or more EU countries the CTM is a more cost effective option than registering separate national trademarks. On October 1, 2004, the European Commission (EC) acceded to the World Intellectual Property Organization (WIPO) Madrid Protocol. The accession of the EC to the Madrid Protocol establishes a link between the Madrid Protocol system, administered by WIPO, and the Community Trademark system, administered by OHIM. As of October 1, 2004, Community Trademark applicants and holders are allowed to apply for international protection of their trademarks through the filing of an international application under the Madrid Protocol. Conversely, holders of international registrations under the Madrid Protocol will be entitled to apply for protection of their trademarks under the Community Trademark system. Key Links: http://oami.europa.eu/ http://www.wipo.int/madrid/en Designs: The EU adopted a Regulation introducing a single Community system for the protection of designs in December 2001. The Regulation provides for two types of design protection, directly applicable in each EU Member State: the registered Community design and the unregistered Community design. Under the registered Community design system, holders of eligible designs can use an inexpensive procedure to register them with the EU’s Office for Harmonization in the Internal Market (OHIM), based in Alicante, Spain. They will then be granted exclusive rights to use the designs anywhere in the EU for up to twenty-five years. Unregistered Community designs that meet the Regulation’s requirements are automatically protected for three years from the date of disclosure of the design to the public. Key Link: http://oami.europa.eu/ Trademark Exhaustion: Within the EU, the rights conferred on trademark holders are subject to the principle of "exhaustion." Exhaustion means that once trademark holders have placed their product on the market in one Member State, they lose the right to prevent the resale of that product in another EU country. This has led to an increase in the practice of so called "parallel importing" whereby goods bought in one Member State are sold in another by third parties unaffiliated to the manufacturer. Parallel trade is particularly problematic for the research-based pharmaceutical industry where drug prices vary from country to country due to national price Regulation. Community wide exhaustion is spelled out in the Directive on harmonizing trademark laws. In a paper published in 2003, the Commission indicated that it had no plans to propose changes to existing legal provisions. Key Link: http://ec.europa.eu/internal_market/indprop/tm/index_en.htm Due Diligence Return to top 26
The U.S. Commercial Service at the U.S. Embassy in Budapest can provide financial and background information reports on local companies via the International Company Profile (ICP). This fee-based service helps U.S. companies evaluate potential business partners based on a detailed report. The U.S. Commercial Service visits the Hungarian company, collects general information and asks specific questions the U.S. requestor requests. We can also do specialized research for your company through the “Customized Market Research” (CMR) service. More info on ICP and CMR, including prices is available at: http://www.buyusa.gov/hungary/en/315.html Local Professional Services Return to top Hungary continues to attract world-class professional service firms. The U.S. Commercial Service in Budapest has an on-going relationship with service providers at the following link: http://www.buyusa.gov/hungary/en/business_network.html Commercial banks: Citibank Rt.:http:// www.citibank.hu Budapest Bank (member of GE Money Bank): http://www.budapestbank.hu OTP Bank Rt. (largest Hungarian bank): http://www.otpbank.hu Management consulting firms: Accenture Kft.: http://www.accenture.com Hungarian Association of Management Consultants: http://www.vtmsz.hu/angol.htm Relocation: Move One: http://www.moveone.info Inter Relocation: http://www.interrelo.com Auditing/Accounting: Ernst & Young Hungary: http://www.ey.com/ PriceWaterHouseCooper: http://www.pwc.com/ Branko Kft.: http://www.branko.hu/en/home.html KPMG Kft. http://www.kpmg.hu/index.thtml/ Market research firms: AC Nielsen Hungary: http://www.acnielsen.hu GfK Hungaria: http://www.gfk.hu/angol/index.html Echo Consulting: http://www.echo.hu Logistics and industrial parks: ProLogis Budapest: http://www.prologiseurope.com/hungary_home.php AIG Lincoln Hungary: http://www.aiglincoln.hu Waberer’s Group: http://www.waberers.hu/en/index Hungarian Logistics Association: http://mle.hu/startpage Association of Hungarian Industrial Parks: http://www.datanet.hu/ipe IT service providers: Synergon Informatika Rt.: http://www.synergon.hu/en/ Montana IT es Kommunikacios Rt.:http://www.montana.hu AlbaComp Rt.: http://www.albacomp.hu/index.php?lang=en 27
Page 1 and 2: Companies Doing Business in Hungary
Page 3 and 4: efforts in order to further reduce
Page 5 and 6: Return to table of contents Chapter
Page 7 and 8: Although the rate varies by industr
Page 9 and 10: Harbor is that failure to fulfill t
Page 11 and 12: According to industry experts and P
Page 13 and 14: law. Vendors of electronically supp
Page 15 and 16: For more information, please visit
Page 17 and 18: companies. Books, office supplies,
Page 19 and 20: their economic behavior or which fo
Page 21 and 22: and on billboards or merchandising
Page 23 and 24: Hungary is required to transpose th
Page 25: concrete steps to implement its IPR
Page 29 and 30: Agreements of Minor importance whic
Page 33 and 34: Franchising (FRA) Overview Return t
Page 35 and 36: www.kti.hu Institute of Transport S
Page 37 and 38: Hungary has tightened environmental
Page 39 and 40: National Development Agency: http:/
Page 41 and 42: Market Overview Return to top Econo
Page 43 and 44: • Travel services. Some American
Page 45 and 46: 3. Bovine Semen USD MILLION 2006 20
Page 49 and 50: • The person who brought the good
Page 51 and 52: specific conditions on imports of f
Page 53 and 54: Customs Valuation - Most customs du
Page 55 and 56: Standards are created or modified b
Page 57 and 58: accreditation bodies. Membership is
Page 59 and 60: Taxation and Customs Union: http://
Page 61 and 62: The Latest on REACH: http://www.buy
Page 63 and 64: decisions that may have unfairly im
Page 65 and 66: The Ministry of Economic Affairs es
Page 67 and 68: concern. In such cases, immediate a
Page 69 and 70: Performance requirements, such as j
Page 71 and 72: of judicial and law enforcement off
Page 73 and 74: and five major Hungarian cities. Th
Page 75 and 76: Hungarian legislation on combating
Page 77 and 78:
The Hungarian labor code guarantees
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Return to table of contents Chapter
Page 81 and 82:
Tel: (36 1) 374-5000, Fax: (36 1) 3
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will result in future project propo
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Jordan, Lebanon, Libya, Moldova, Mo
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insurance policies do not cover exp
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Stephane Vrignaud 32.2.508.28.42 st
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Business Europe The Confederation o
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EURLEX - Access to EU law http://eu
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KARÁT - International Jewelry Exhi
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E-mail: mailto:info@hungexpo.hu Web
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