A meeting with the business world to further strengthen the cooperation between Turkey and Hungary, whose roots go back centuries. EGİAD Aegean Young Businessmen Association hosted the HEPA Hungarian Export Promotion Agency officials with the meeting on Doing Business with Hungary. HEPA Turkey General Manager Yalçın Orhon and HEPA Turkey Business Development Specialist Oğuzhan Acar attended the event as speakers. The services offered by HEPA Turkey, which will act as a bridge between countries for the development of mutual commercial relations and play an important role in the growth of the country's economy by contributing to the development of mutual trade, were expressed. was done.
In the event, where it was stated that the friendly relations between Hungary and Turkey are progressing positively within the scope of the historical ties and cultural closeness, as well as the developing economic and commercial relations, the opening speech was made. EGİAD Deputy Chairman Başak Çayır Canatan said, “The two countries, acting in strategic cooperation, have signed many economic and political partnerships. Our mutual trade continues to increase every year. As the business world, our primary desire is to further increase the trade volume in a short time. While we continue to work for this, we are doing our best to develop bilateral relations not only in the commercial field, but also in other fields with social and cultural initiatives.
2002 million dollars of direct investments from Turkey to Hungary in the 2022-104 September period; Noting that direct investments from Hungary to Turkey in the same period amounted to 29 million dollars. EGİAD Deputy Chairman Başak Çayır Canatan said, “When the investments made through third countries and the investments of Turkish citizens residing in Hungary are taken into account, it is estimated that our total investments in this country have reached 700 million dollars. Turkish contracting companies have undertaken 778,5 projects worth $35 million in Hungary to date. As for technical consultancy services, 1,75 projects worth 5 billion dollars were undertaken. Currently, around 500 Turkish companies operate in Hungary. Turkey-Hungary Joint Economic and Trade Committee (ETOK) was established with the joint declaration signed on 19 April 2022. The regulation, which allows Hungarian citizens to travel to our country with an identity card, entered into force on 10 November 2022. More than 155 thousand Hungarian tourists visited our country in the last year. We will continue our efforts to strengthen bilateral relations,” he said.
In the meeting where it was stated that the activities within the scope of “HEPA Turkey”, which was established in 2015 as the official representative of the Hungarian Export Promotion Agency HEPA in charge of Turkey and Greece, are carried out intensively, it was emphasized that HEPA Turkey acts as a bridge between countries for the development of mutual commercial relations. Expressing that HEPA Turkey plays an important role in the growth of the country's economies by promoting the products and services of the Hungarian companies it serves in the Turkish and Greek markets, contributing to the development of mutual trade, he said, “Helping companies and investors to find correct and reliable local partners, supplying products from Hungary HEPA Turkey, which provides services such as providing suppliers to Turkish companies that want to it was said.
Providing information about their activities at the meeting, HEPA Turkey General Manager Yalçın Orhon stated that they operate in Turkey with a total of 6 offices located in Istanbul, Ankara, Izmir and Bursa, as well as in Athens and Budapest, and said, “HEPA, acting in line with the Hungarian National Export Strategy. Turkey plays an important role in the growth of the country's economies by promoting the products and services of the Hungarian companies it serves in the Turkish and Greek markets, contributing to the development of mutual trade. Among the services offered by HEPA Turkey, there are services such as preparing market research reports, helping companies find the right and reliable local partners, and providing suppliers to Turkish companies that want to procure products from Hungary. HEPA Turkey also organizes country and industry days as part of its promotional activities, and represents Hungarian companies in international and local fairs it participates in.
HEPA Turkey Business Development Specialist Oğuzhan Acar, on the other hand, pointed out that there are 10 main products that Hungary imports from Turkey and said, “Machinery and Mechanical equipment, Non-railway vehicles and parts, Aluminum products, Rubber products, Copper products, clothing, furniture, plastics. Many products, especially iron and steel products, electrical machines, are imported from Turkey. Hungary's exports to Turkey are products such as precious stones, mineral fuels, Iron and Steel products, optical and surgical materials, and medical supplies. With 7.1 percent of GDP and 7.4 percent of inflation, the trade volume in Hungary reaches 236.7 billion Euros. You can benefit from Hungary's attractive investment incentive system and regional incentives.