Heb / Eng


Israel-Hungary Chamber of Commerce and Industry

Hungary

Bilateral chamber of commerce in Israel:

Chairman: Mr. David Wiernik
E-Mail: david@gpsmore.com

Sister Bilateral chamber of commerce in the member state:

Hungary-Israel Chamber of Commerce and Industry

Embassy in Israel:

Ambassador: H.E. Dr. Andor Nagy
Address: 18, Pinkas St., Tel-Aviv 62661
Tel.: +972-3-5441545
Fax: +972-3-5466866
E-mail:mission.tlv@kum.hu
Economic Attaché: 
Tel: 
E-mail: 

Israeli Embassy in the member state:

Ambassador: 
Address: Fullanc Utca 8, 1026 Budapest II, Budapest
Tel.: +36-1-3926200
Fax: +36-1-2000783
Website: HTTP://BUDAPEST.MFA.GOV.IL
E-mail: info@budapest.mfa.gov.il

Country#
EU membership year: 2004
Capital City: Budapest
Total Area: 93,030 sq km
Population: 10,005,000
Currency: Forint

Hungary has some limited natural resources (bauxite, coal, and natural gas), as well as fertile soils and arable land. Hungarian wines are enjoyed throughout Europe. The country‘s main manufactured exports include electric and electronic equipment, machinery, foodstuffs and chemicals. Economic growth resumed in 2010 and was mainly fuelled by robust external demand, while private consumption and investment continued to fall. Headline inflation is expected to stabilize around the medium term target of 3%. Further tax cuts will take place from 2011 but offsetting expenditure cuts have yet to be spelled out. A renewed commitment to credible and sustainable fiscal consolidation is required to reduce financing costs and instill private sector confidence, which will support growth prospects.


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