Hungary courts Turkish businesses

Dünya Executive - - BUSINESS - YESIM ARDIC

ALX Hungary supports mutual investment­s between Turkey and Hungary and is authorized by the Hungarian government to attract new investors to the country. Attending the Hungary Promotion Day, organized by KOSGEB within this scope, ALX Hungary general manager, Fikret Nas, said that Hungary was offering tremendous opportunit­ies in the European Union market, reaching a population of 510 million. Nas underlined that Hungary was the only country that supported Turkey’s full membership in the EU and said that Hungary, with its location,

will be a door opening to Europe for Turks. Hungary offers a strategic location that can deliver every inch of the EU in less than 24 hours, Nas said.

“65 percent of Hungary’s global exports are generated by machinery, electrical parts, vehicles and materials and chemical projects,” Nas said, underlinin­g that Hungary has the lowest corporate tax rate in Europe and offers big opportunit­ies to Turkish investors with its developed infrastruc­ture and attractive stimulus system.

Machinery and vehicles have the lionshare in the exports, Nas explained. “This is because the world’s leading automotive manufactur­ers and sub-industries have production facilities in Hungary. 75 percent of Hungary’s exports are made through foreign invested companies in Hungary. ALX Hungary can find suppliers for Turkish companies seeking products in Hungary and can also support Hungarian companies looking for Turkish companies for their commercial operations in Turkey. Thus, we undertake an essential role for our country.” Nas also noted that his government puts an emphasis on investor companies’ access to suitable financing conditions through Hungarian EximBank.

Also represent ng Greece

In partnershi­p with Polat Holding, ALX Hungary establishe­d the ALC Hungarian Trade Developmen­t Center in 2015 to contribute to Hungary’s foreign economic relations, Nas added, with the goal of transformi­ng Hungary from a domestic-focused structure to multinatio­nal foreign trade. ALX Hungary is also a representa­tive of Turkey and Greece through the Hungarian Export Promotion Agency (HEPA). KOSGEB President, Prof. Dr. Cevahir Uzkurt, and Hungarian Ambassador, Viktor Matis, were also among the attendees of the seminar.

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