About Us Trade FAQs

FAQ 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 mkt.budapest@mea.gov.in 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 mkt.budapest@mea.gov.in 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
Mátyás Szentiványi MD PHD
Director
Address: 1051 Budapest, Zrínyi utca 3.
Email: foigazgato@ogyei.gov.hu

Mr. László Helmle, MD
Deputy Director
Email: helmle.laszlo@ogyei.gov.hu, gyemffoigh@ogyei.gov.hu
Tel: +36-1-8869300 //116 Registration of Drugs
Web: https://ogyei.gov.hu/contact

2. Hungarian Association of Pharmaceutical Wholesalers
Gyógyszer-Nagykereskedők Szövetsége
Mr. István Fáczányi
Secretary General
Address: 1143 Budapest, Stefánia út 28/a.
Tel: (+36-1-785-1988
Email: gynsz@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. Csaba Szabó
Managing Director
Email: csaba.szabo@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: 1015 Budapest, Hattyú u. 16. II. emelet 7.
    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 mkt.budapest@mea.gov.in 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
    the Hungarian Export Promotion Agency with the aim to help facilitate export for Hungarian products: www.hepa.hu
  • You may also wish to contact the Hungarian Chamber of Commerce:

Mr. Kristóf Végvári
Desk Officer for International Affairs
Hungarian Chamber of Commerce and Industry
1054 Budapest, Szabadság tér 7.
Email: vegvari.kristof@mkik.hu
Tel: +36-1-474- 5177

Mrs. Flóra Pálmay
Director for International Affairs
1054 Budapest, Szabadság tér 7.
Email: vegvari.kristof@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/.

  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 Export Promotion Agency https://hepa.hu/ has been established with the aim of helping to facilitate export for Hungarian products.

-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: H-1034 Budapest, Bécsi út 165. II. emelet
(Propszt Irodaház)
Email: office@koczkas.eu; janos.koczkas@koczkas.eu
Tel: +36 1 920 03 50
Website: www.koczkas.eu

- Please write an email to hoc.budapest@mea.gov.in and mkt.budapest@mea.gov.in.

  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 mkt.budapest@mea.gov.in 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

  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 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 hoc.budapest@mea.gov.in and mkt.budapest@mea.gov.in 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 hoc.budapest@mea.govin or mkt.budapest@mea.gov.in 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:

Address: 1139 Budapest Teve u. 4-6.
Tel: +36 14435557
+36 14435815 (Fax)
Email: intercom@nebek.police.hu , kgbefo.brfk@budapest.police.hu

  1. Also, the Prosecutors office may offer a fast pace 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.

16. Database of Trade inquiries

All trade inquiries / business proposals received from Indian companies as well as from companies to which this Embassy is accredited, namely, Hungary and Bosnia & Herzegovina, are listed in a searchable format for the ease of reference and response.

For registering your company with the Embassy click on the below :
Register - Indian Commercial Company

The inquiry would be placed on our Embassy website.
For More Details Contact Us

Indian trade inquiries can be viewed by clicking below:
2016 Jan-> 2023
Click here to download

Hungarian and Bosnian trade inquiries
2015 Jan-> 2023
Click here to download