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Export Promotion Portal



Representatives of Polish business in Hungary

Wyślij Print Pobierz added: Benedykt Kotkiewicz | 2016-03-24 09:42:02
hungary, investment, sme, business, forum

- Polish companies are very interested in investing in Hungary. Companies like Fakro, Bella or Solaris are a proof of Poland’s investment activity in this country. I am convinced that these leaders will be followed by entrepreneurs from the SME sector, both from Poland and Hungary – said Mr Sławomir Majman, President of PAIiIZ at the Hungary-Poland Business Forum held on March 18th 2016 in Budapest.

- Small and medium sized companies are interested in investing in places where they feel secure and comfortable, such as Hungary. We hope that Hungarian companies assess Polish market the same way, said Mr Majman.

Perspective areas of cooperation include, among others, innovations, energy sector, transport, metalworking and machinery, chemical and construction industry.

Hungarian market is one of the closest and most interesting places for Polish companies as far as market expansion is concerned. According to the Hungarian Central Statistical Office Poland is 4th biggest exporter to Hungary (after Germany, Austria and Czech Republic) and 2nd biggest exporter of food and agricultural products. A growth in export of furniture, clothing, leather products, construction materials and cosmetics has also been noted.

Over 150 representatives of Polish and Hungarian businesses participated in the Hungary-Poland Business Forum. The countries were represented by Péter Szijjártó, Minister of Foreign Affairs and Trade, Katarzyna Kacperczyk, Undersecretary of State for Economic Diplomacy, as well as Zsanett Ducsai-Oláh CEO of the Hungarian National Trading House.

Poland - Hungary trade exchange has been on the rise. In 2004 the value of bilateral trade was 3 bln EUR, reaching 7,3 bln EUR in 2014 and almost 8 bln EUR in 2015.

Polish export to Hungary consists mostly of machinery & equipment (44%), products of chemical industry and plastics (14%), as well as food products (13%). Import consists mostly of machinery&equipment (36%), chemical industry and plastics (30%) and food products (11%).

 

Source: PAIiIZ