Foreign Economic Relations

Trade and Investment

The main priority of Hungary’s foreign economic diplomacy is to support the country’s export activities and to attract foreign investment. The Trade Office of the Embassy of Hungary in the Dublin is the first point of contact for Hungarian businesses interested in entering the Irish market as well as for companies located in Ireland wishing to acquire information on the Hungarian market and also for businesses wishing to expand, invest or re-invest in Hungary.

Situated in the very heart of Europe, Hungary is a bustling business hub providing a strategic location for companies. Hungary is an open economy with particular emphasis being placed on encouraging foreign direct investment. Benefiting from its highly skilled workforce, the ideal location and advanced infrastructure, the country is regarded as an ideal production location in addition to being and advanced manufacturing and innovation centre. To enhance corporate R&D activities and the realization of technology intensive investments Hungary has introduced new forms of incentives to support existing businesses as well as those wishing to set up operations. Hungary’s traditional strengths in science and technology, its knowledge base, supplier network and favourable business environment make not only Budapest but also the rural regions an increasingly attractive location for foreign investors.

The highly developed transportation and logistics infrastructure provides a key link between Europe and the rapidly expanding markets of the East. The country earned its name as a cost competitive manufacturing base in Europe and is now regarded as an ideal production location as well as a remarkable advanced manufacturing base. Shifting toward an innovation-focused economy and in order to accelerate digital transformation, new forms of incentives have been introduced to enhance the realization of technology intensive investment projects.

Information on key investment sectors:

The Hungarian Investment Promotion Agency (HIPA) is the national investment promotion organization of Hungary governed by the Ministry of Foreign Affairs and Trade.

The Hungarian Export Promotion Agency (HEPA) is Hungary’s export development agency.

For further information please contact the Trade Office:

2 Fitzwilliam Place
Dublin 2
D02 K227
Tel: +353 1 661 2902 Ext. 204
Email: trade.dub@mfa.gov.hu