About Us FAQs for Trade Enquiries

  1. I would like to sell my products in Hungary. How should I go about it?

Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu detailing the products you wish to sell with a small company writeup complete with contact details, including postal address, etc. Upon receipt of this email the Mission will send a response with company lists. 

  1. I would like to sell pharmaceutical/nutraceutical products in Hungary. How do I contact the relevant association?

Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu detailing the products you wish to sell with a small company writeup complete with contact details, including postal address, etc. Upon receipt of this email the Mission will send a response with company lists.

Please also visit the National Institute of Pharmacy website: https://www.ogyei.gov.hu/nyitooldal/ for rules and regulation, as well as for registering drugs and the Hungarian Association of Pharmaceutical Wholesalers:

1. OGYEI National Institute of Pharmacy and Nutrition

Dr. Csilla Pozsgay

Director

Address: 1051 Budapest, Zrínyi utca 3.

Email: pozsgay.csilla@ogyei.gov.hu

Dr. Tamás Szólyák

Deputy Director

Email: szolyak.tamas@ogyei.gov.hu

Tel: +36-1-8869300 //116 Registration of Drugs

2. Hungarian Association of Pharmaceutical Wholesalers//
Gyógyszer-Nagykereskedők Szövetsége

Mr. István Fáczányi

Secretary General

Address: 1118 Budapest, Radvány u. 20/A

(+36-1) 309-0249

(+36-1)309-0248

Email: php@gynsz.hu

Web: www.php-gynsz.hu

  1. I would like to sell chemical products in Hungary. How do I contact the relevant association?

Contact details are the following:

MAGYAR VEGYIPARI SZÖVETSÉG ÉS SZAKSZÖVETSÉGEI / HUNGARIAN CHEMICAL ASSOCIATION

Address: 1036 Budapest, Lajos u. 74-76.
Tel: +36-1-363-8720, 363-8362
Fax: +36-1-363-8720
E-mail:kozpont@mavesz.hu

Mr. Iván Budai
 Managing Director

 Email: budai@mavesz.hu

Please visit the website for further information: www.mavesz.hu

A list of members is available on the website: http://mavesz.hu/en/tagjaink/

  1. I would like to sell textile products in Hungary. How do I contact the relevant association?

Please contact the following associations:

  • Hungarian Society of Textile Technology and Science 

Ms. Gabriella Ecker

General Secretary

Address: 1146 Budapest Thököly út 58-60.

Tel: +36 1 201 8782

Email:titkarsag@tmte.hu

Web: http://tmte.hu/

  • Hungarian Fashion Association
    Magyar Divatszövetség/

Ms. Judit Mészáros

General Secretary

Address:  1013 Budapest, Pauler u. 21.

Tel./Fax: +36-1-275-7331

Email: divat.info@t-online.hu

Web: www.moda.hu/

Online magazines:

  1. I am looking for Hungarian products to import to India; please give me contacts of Hungarian Chamber of Commerce.

Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu detailing the products you wish to sell with a small company writeup complete with contact details, including postal address, etc. Upon receipt of this email the Mission will send a response with company lists. 

  • You may also wish to contact the Hungarian National Trading House http://www.tradehouse.hu/en which has been established with the aim of linking supply and demand and helping to facilitate export for Hungarian products
  • You may also wish to contact the Hungarian Chamber of Commerce:

Mr. Laszló Béres

Desk Officer for International Affairs

Hungarian Chamber of Commerce and Industry 

1054 Budapest, Szabadság tér 7.

Email: beres.laszlo@mkik.hu

Tel: +36-1-474- 5177

Ms. Mária Stark

Director for International Affairs

1054 Budapest, Szabadság tér 7.

stark@mkik.hu

Tel: +36-1 474-5140

  1. What are the customs and duty rates in Hungary?

Hungary has been an EU member since 2004, so European business practices and standards generally apply. Hungary is liable to the common tariffs of the EU.

For information on how to export to the European Union (EU) please access to the website of the Export Helpdesk of the European Commission: http://trade.ec.europa.eu/tradehelp/ The Export Helpdesk is an online service to facilitate market access to the European Union.

According to the Hungarian legal regulations there are some exceptions from the EU free trade rules. The export or import transactions of certain products require a license from the Hungarian Trade Licensing Office. For more information visit the website: Hungarian Trade Licensing Office – MKEH: http://mkeh.gov.hu/.

  • “TARIC” EU Taxation and Customs Union Database:

http://ec.europa.eu/taxation_customs/customs/customs_duties/tariff_aspects/customs_tariff/index_en.htm

  1. I would like to make a Joint Venture with a Hungarian company. Who should I contact?

For the creation of joint ventures, you may wish to seek advice on the given sector from the following:

- Hungarian Investment Promotion Agency or HIPA https://hipa.hu/ which has a number of sectoral writeups and provides full-scale assistance in the investment projects.

-Hungarian National Trading House http://www.tradehouse.hu/en has been established with the aim of Linking supply and demand and helping to facilitate export for Hungarian products.

- India-Hungary Business Association 

President of the India-Hungary Business Association

Email:amarsinha.hu@googlemail.com

Address: 1025 Bp Búzavirág u. 14

-Local Indian businessman and consultant:

Mr. Snehangshu Roy 

Managing Partner 

RIBS Commercial Lp.

Address: 1223 Budapest Rákóczi út 35. 

Email: s.roy@ribs.hu

Website: ribs.hu

-A consultancy or law firm could also be contacted. Two examples:

1. Ms. Anna-Krishnan Somos

Co-founder, Managing Director

Longwealth GmbH

Address: 1220 Wien Stralehnergasse 15 Top24

Email: anna@longwealthnow.com

Mr. Unni Krishnan

Co-Founder, Chief Service Achtitect

Longwealth GmbH

Address: 1220 Wien Stralehnergasse 15 Top24

Tel: +436642556660

Email: unni@longbrandnow.com

Website: http://longwealthnow.com/

(Although the office is in Vienna, they are also very active in the Hungarian market.)

2. Dr. János Koczkás

Managing Director

Dr. Koczkás János Ügyvédi Iroda

Address: 1036 Budapest, Bécsi út 58. III. Emelet

Email: office@koczkas.eu; janos.koczkas@koczkas.eu

Tel: +36 1 920 03 50

Website: www.koczkas.eu

- Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu..

  1. I would like to sell my products in Bosnia and Herzegovina. How should I go about it?

Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu detailing the products you wish to sell with a small company writeup complete with contact details, including postal address, etc. Upon receipt of this email the Mission will send the appropriate response. 

You may also please contact the following:

Foreign Trade Chamber of Bosnia and Herzegovina
Mr. Zdravko Marinković
Secretary General

Address: Vanjskotrgovinska / Spoljnotrgovinska komora Bosne i Hercegovine
Branislava Đurđeva 10
71000 Sarajevo

Tel: +387 33 56 62 53
Fax: +387 33 56 62 59

Email: zdravko.marinkovic@komorabih.ba

Web: www.komorabih.ba

Doc. Bruno Bojic

Vice-President

KOMORABIH/Foreign Trade Chamber of BIH

Tel: +387 33 566 222
Fax: +387 33 214 292

Email: bruno.bojic@komorabih.ba

  1. What are the customs duty rates in Bosnia and Herzegovina?

Please visit the website of the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina, Department of Foreign Trade Policy and Control and Protection Measures for tariffs:

http://www.mvteo.gov.ba/Content/Read/carinska-politika-i-tarife

You may also wish to contact the Foreign Trade Chamber of Bosnia and Herzegovina (KOMORABIH)


Mr. Zdravko Marinković
Secretary General

Tel: +387 33 56 62 53
Fax: +387 33 56 62 59

Email: zdravko.marinkovic@komorabih.ba

Web: www.komorabih.ba

  1. I would like to have detailed statistics of Hungary and Bosnia and Herzegovina. How do I get these?

Statistics may be accessed from a number of websites :

  • The Hungarian Central Statistical Office www.ksh.hu provides statistics on different sectors of the economy, trade, etc. The dissemination database (Menu item -Data/Dissemination Database) http://statinfo.ksh.hu/Statinfo/themeSelector.jsp?lang=en offers a fully customizable database of external trade data based on the HS codes.
  • Bosnia and Herzegovina: 

The Central Statistical Office BHAS http://bhas.ba/ offers wide-ranging statistics 

-Trade Map: https://trademap.org/Index.aspx

-Eurostat: https://ec.europa.eu/eurostat/data/database,http://epp.eurostat.ec.europa.eu/newxtweb/

  1. I would like to have further information on Investment/Joint Venture in Bosnia and Herzegovina. Who should I contact?

For information on investment in Bosnia and Herzegovina, please visit the website of the Foreign Investment Promotion Agency (FIPA): www.fipa.gov.ba

Contact:
Ph.D Maida Bećirović

Secretary General FIPA

Address: Grbavička 4
 71000 Sarajevo

Tel: +387 33 278 092
Email: maida.becirovic@fipa.gov.ba

You may also wish to contact the Foreign Trade Chamber (KOMORABIH):

Mr. Zdravko Marinković
 Secretary General 

Tel: +387 33 56 62 53
 Fax: +387 33 56 62 59

Email: zdravko.marinkovic@komorabih.ba

Web: www.komorabih.ba

  1. I would like to check the credentials of a potential business partner. How should I go about it? 

Please write an email to pol.budapest@mea.gov.in and m.assistant@indianembassy.hu giving the name and contact details of the company. Embassy of India will check the company and will send a response.

  1. How do I avoid potential trade fraud?

Please note that trade-related fraud cases do happen in international trade and Hungary is one example. 

Usually the Seller company has a generic website with pictures available from the Internet, promising to sell goods at a good price, i.e metal, aluminium scrap, A4 paper, etc. These fraudsters typically offer delivery against 50% advance payment, then they would be asking the balance amount. In either case the shipment will not be made.

(ii)These fraudsters usually pose with the credentials of the real company but have a different website. Typically, the website address ends with a ‘.com extension’, and has a Contact Us box and one mobile number as contact detail. Please note, that almost all companies in Hungary have a .hu extension. Furthermore, most companies have multiple landlines and not just a single mobile number. They also have full contact details. 

A few examples of fraudulent websites masquerading as genuine ones:

Please always check the website and details of the company for any suspicious signs before making advance payment. If you are not sure please send an email to pol.budapest@mea.gov in or m.assistant@indianembassy.hu for assistance.

Embassy has written to the local authorities to curb such fraudulent websites, and continue to take up case by case.

  1. What is a Cyber-fraud and how to avoid becoming a victim?

Embassy of India, Budapest has received several cases of cyber-fraud in the past. In these cases a hacker intercedes business correspondence between the legitimate Buyer and Seller, then acting on behalf of the selling company instructs the Buyer to make payment to a new bank account, citing various reasons. Once the payment is made, the fraudsters either transfer the payment to various other bank accounts or take it out in cash within short notice from the local bank office. By the time the fraud is exposed, usually the money has already disappeared. Unfortunately in this case a quick action by the Police is necessary to freeze the fraudulent bank account for any hope of recovery.

To avoid becoming a victim to a cyber-fraud, it is recommended that

  • make sure that the password to your email account is regularly modified;
  • business deals through email should be backed up with documents, phone calls, meetings, etc, especially when dealing with a new business partner;
  • take clear note of the bank accounts of the business partner, and should there be a sudden change, a second confirmation through telephone and other means is advisable;
  • ask the bank for verification of the given bank account ;
  • notify the Embassy asap, so that it may forward the complaint for an early Police intervention
  1. A Cyber-fraud has happened. My company was tricked to make the bank transfer to a false bank account. How can you help?
  1. Please notify your bank, so that it can contact the other bank in SWIFT message to take action. 
  1. In such cases however only the police can order the bank to freeze the given bank account. Therefore it is best that the Cyber Crime Department of your area in India and the Financial Intelligence Unit http://fiuindia.gov.in/contactus.htm is contacted, which in turn will contact the Hungarian Police Authority which shall refer the case to the regional directorate based on the bank address involved. The FIU can order the bank to freeze the account for two days allowing police to ask the bank to freeze the account another two days pending investigation. 

Please make sure you provide full company credentials to the authorities substantiating your claim. However immediate action is required, as the fraudsters take the money as soon as possible. Please note, that as the strict privacy law does not allow any data from bank account holders to be given by banks, only the police can take appropriate action, once the facts have been established. 

  1. Contact details of the Hungarian National Police — Criminal Directorate International Law Enforcement Cooperation Centre (Interpol contact) are the following:

1139 Budapest Teve u. 4-6.

Tel: +36 14435557

+36 14435815 (Fax)

intercom@nebek.police.hu

kgbefo.brfk@budapest.police.hu

  1. Also, the Prosecutors office may offer a fastpace police investigation blocking the account of the fraudulent individual if approached directly. Please note that the method of retrieving money from such a fraudster account to the victimized company can only happen at the direct request of the victim company either to the police as detailed earlier and/or directly to the Prosecutor Generals Office for faster action. 

The request must contain:

-Official claiming letter that the company wants its money back 

-Bank account number to which the money should be transferred

-Request for unfreezing and transfer back of the money

-The official letter has to have an official signature and should contain the attachment document certifying that the person represents the company (i.e. certification of registration by the Registrar of companies, official company details by Registrar of companies, Signature specimen, etc).

-The official number of the police procedure

  1. The official letter has to be sent to the relevant County (capital) Prosecutor General’s Office that is dealing with the case. This information is provided by the police investigation authority. 
  1. Only after these datas are available and the proper authorities are notified (and the money has been identified as available on the frozen bank account) can the money be transferred back to the victim’s account. 
  1. It is requested that all above documents in email and post be sent to the Budapest Prosecutor Generals Office at fov.fou@mku.hu, fovaros.fou@mku.hu

Address: 1054 Budapest, Akadémia u. 13. // Postal Address 1881 Budapest, Pf.: 13.

  1. Police kindly ask that in all cases a report must be also filed to Indian police authorities, which will communicate to the Hungarian police through NEBEK Nemzetközi Bűnügyi Együtműködési Központ “Centre for International Criminal Investigation Cooperation”
  1. We are at your disposal to take up the matter in Hungary.