Doing Business in Hungary 2010 - International Franchise Association

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Web Resources Return to top EU websites: Future project proposals: http://ec.europa.eu/regional_policy/atlas2007/fiche_index_en.htm. The EU regional policies, the EU Structural and Cohesion Funds: http://ec.europa.eu/regional_policy/index_en.htm The Trans-European Networks (TENs): http://ec.europa.eu/ten/transport/index_en.htm EU Grants and Loans index: http://ec.europa.eu/grants/index_en.htm EuropeAid Co-operation Office: http://ec.europa.eu/europeaid/index_en.htm IPA: http://ec.europa.eu/enlargement/how-does-it-work/financial-assistance/index_en.htm The European Investment Bank http://www.eib.org/ EIB-financed projects: http://www.eib.org/projects/index.htm?lang=-en. The EIB’s i2i (Innovation 2010 Initiative): http://www.eib.org/Attachments/thematic/innovation_2010_initiative_en.pdf U.S. websites: CSEU Tender Database: http://www.buyusa.gov/europeanunion/eu_tenders.html Market research section on the website of the US Mission to the EU: http://www.buyusa.gov/europeanunion/mrr.html European Union Tenders Database: http://www.buyusa.gov/europeanunion/euopportunities.html Export-Import Bank of the United States: http://www.exim.gov Country Limitation Schedule: http://www.exim.gov/tools/country/country_limits.html OPIC: http://www.opic.gov Trade and Development Agency: http://www.tda.gov/ SBA's Office of International Trade: http://www.sba.gov/oit/ USDA Commodity Credit Corporation: http://www.fsa.usda.gov/ccc/default.htm U.S. Agency for International Development: http://www.usaid.gov Return to table of contents 86
Return to table of contents Chapter 8: Business Travel • Business Customs • Travel Advisory • Visa Requirements • Telecommunications • Transportation • Language • Health • Local Time, Business Hours and Holidays • Temporary Entry of Materials and Personal Belongings • Web Resources Business Customs Return to top Business customs are similar to those in the United States and Western Europe. Typical Hungarian business attire is a suit. Hungarians consider a personal relationship the basis of business connections. Business entertaining such as lunches, receptions, and dinners are common. Often more formal than Americans, Hungarians usually introduce themselves using family, rather than first names. They also address each other with their family name, followed by their first name – for example: Smith John. Business cards follow this convention unless printed in English. Hungarian business partners will appreciate even a small effort to learn basic greetings in Hungarian. Around the Christmas holidays, Hungarian business people may exchange symbolic gifts worth less than USD10. Travel Advisory Return to top The State Department has not issued any travel advisories for Hungary, which is generally a safe and healthy country, although visitors are advised to guard personal belongings and automobiles. Current information on travel and living in Hungary and descriptions of typical tourist scams including establishments to avoid can be viewed on the U.S. Embassy Budapest Consular Section website at: http://budapest.usembassy.gov/tourist_advisory.html Visa Requirements Return to top U.S. citizens traveling to Hungary do not require visas. Those intending to stay for longer than 90 days will require residency permits. With certain exceptions, Americans must obtain both work and residence permits if they are employed in Hungary. According to the Expat Relocation Center, any company in Hungary (even if foreign-owned) employing foreigners must apply for work permits for these employees, a process which takes 60-75 days. The Hungarian Government makes an exception for managing directors of registered, foreign-owned companies. After employees obtain a work permit, they must apply for a work visa in-person at a Hungarian embassy or consulate in their home country. The Hungarian Government generally issues visas good for one year. Stricter fraud-prevention measures imposed in recent years have made this process increasingly cumbersome. A number of businesses offer to obtain work permits and renewals for companies in Hungary. The American Chamber of Commerce in Hungary also offers these services to its members. U.S. companies that require travel of foreign businesspersons to the United States should be advised 87
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Companies Doing Business in Hungary
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efforts in order to further reduce
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Although the rate varies by industr
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Harbor is that failure to fulfill t
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According to industry experts and P
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law. Vendors of electronically supp
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For more information, please visit
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companies. Books, office supplies,
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their economic behavior or which fo
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and on billboards or merchandising
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Hungary is required to transpose th
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concrete steps to implement its IPR
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The U.S. Commercial Service at the
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Agreements of Minor importance whic
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Franchising (FRA) Overview Return t
Page 35 and 36: www.kti.hu Institute of Transport S
Page 37 and 38: Hungary has tightened environmental
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Page 43 and 44: • Travel services. Some American
Page 45 and 46: 3. Bovine Semen USD MILLION 2006 20
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Page 49 and 50: • The person who brought the good
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Page 57 and 58: accreditation bodies. Membership is
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Page 67 and 68: concern. In such cases, immediate a
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Page 83 and 84: will result in future project propo
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Page 93 and 94: Stephane Vrignaud 32.2.508.28.42 st
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Page 97 and 98: EURLEX - Access to EU law http://eu
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Page 101 and 102: E-mail: mailto:info@hungexpo.hu Web
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Doing Business in Hungary 2010 - International Franchise Association

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