The priority of Hungarian economic diplomacy is to support the country’s export activities and attract foreign investment to Hungary. The Trade Office of the Embassy of Hungary in the Netherlands is the first point of contact for Hungarian businesses interested in entering the Dutch market. We support them on a daily basis. We also encourage and assist Dutch companies to invest in Hungary.
The Netherlands is one of the world's most important economies. In 2023, it was ranked as seventh on the Global Innovation Index, (measuring innovation development), as ninth on the World Competitiveness Index 2024, as fourth on the Forbes Best Countries for Business 2022 Index, as fourth on the Forbes Best Countries for Business 2022 Index, as eighth on Corruption 2023 anti-corruption index and as third on the International Property Rights 2023 index related to the protection of intellectual rights. Its business culture, digital and transport infrastructure are highly developed.
In 2023, the Netherlands was Hungary's 7th largest foreign trade partner, accounting for 4% of Hungary's total foreign trade product turnover. Additionally, the Netherlands is the 9th largest investor in Hungary, reflecting high business confidence in the country.
Hungary is a bustling business hub situated right at the very heart of Europe. Physically, historically, geographically, culturally, and economically, all destinations are within easy reach. As a full member of the European Union, Hungary has an open economy and places particular emphasis on encouraging foreign direct investment. Forty-five of the world’s 80 largest multinationals, along with many of their SME suppliers, have established a long-term presence here, benefiting from a highly skilled workforce, access to world-class universities, an advantageous location, qualified suppliers, and advanced business infrastructure. Investors regard Hungary not only as an ideal production location but also as a remarkable “advanced manufacturing & innovation centre" of Europe.
In addition to reducing the corporate income tax to a 9% flat rate, Hungary introduced new forms of cash incentive measures in January 2017 to enhance corporate R&D activities and the realization of technology-intensive investments. Not only Budapest, but also rural cities and regions, are becoming increasingly attractive to foreign investors in Hungary. Prominent universities in the countryside serve as knowledge bases for companies, and research institutions are a testament to Hungary’s traditional strengths in science and technology.
Dutch companies that have already chosen Hungary include:
Accell (bicycle manufacturing), AkzoNobel (paints and coatings), Agrifirm (agriculture), FrieslandCampina (dairy products), Grow Group (agriculture), Heineken (brewing company), Hunland (agriculture), Leolux (furniture), NN (insurance company), Philips (health industry), Randstad (HR), Shell (oil and gas company), Signify (electronics), Tekoma (metal industry), Unilever (FMCG), Zorge (plastic industry), and many more.
Useful links
- Hungarian Investment Promotion Agency
- Hungarian Export Promotion Agency
- Netherlands-Hungarian Chamber of Commerce
- Ministry of Foreign Affairs and Trade
- Ministry of Finance
- Ministry for Innovation and Culture
- Ministry of Agriculture
- About Hungary
- Hungarian Central Bank
- Hungarian Central Statistical Office
- National Tax and Customs Administration
- National Employment Service
For further information please contact the Trade Office:
Laan van Nieuw Oost-Indië 271
2593 BS Den Haag
tel: +31 70 222 3980
e-mail: trade.hga@mfa.gov.hu
An overview of the events organized and supported by our Embassy, including the Trade Office, may be found here. Videos of past business events may be found on our YouTube channel.