Hungarian businesses to enter the Romanian market and can serve as a starting point for businesses wishing to strengthen their profile in foreign markets. Romania ranks 3rd-4th for Hungarian exports and 6th for Hungarian capital investment. Several large Hungarian industrial enterprises are already present in Romania, such as Mol, OTP and Richter.
The Ministry of Foreign Affairs and Trade of Hungary provides a significant amount of money each year for Hungarian small and medium-sized enterprises to make investments in Romania. From this budget, which expands year by year, companies can receive support through various grant schemes (mostly EU grants). Hungarian companies are project implementers and suppliers in this case, which is also beneficial for Romania because taxation and employment take palace there.
CED Central European Economic Development Network Nonprofit Ltd., as a member institution of the Ministry of Foreign Affairs and Trade of Hungary is responsible for Hungary's export promotion and the implementation of the country’s economic development efforts in Central Europe. Its main activities include partner mediation and facilitating access to foreign markets. New projects are also provided, such as Ceducation, which includes training courses given by renowned professionals, and the Ulex pilot project, which brings together legislation affecting the Romanian market in the form of a legal register. Knowledge of these laws may be relevant for companies wishing to invest.
