There is a significant opportunity for Hungarian companies in Iran to set up a business partnership covering several segments of the economy. At the Hungarian-Iranian Business Forum, which was organized on the 27th February 2017 by the Hungarian National Trading House, the participating domestic enterprises had an opportunity to familiarize themselves with the features and specific business and investment opportunities of the Iranian market.
Trade between Hungary and Iran is showing a stable growth. The bilateral trade volume in 2015 amounted to nearly 30 million euros, which is the highest value of the past six years. According to the Hungarian National Trading House, the future of bilateral economic relations can be more dinamic in the future. About 60 Hungarian and Iranian businesses took part at the Hungarian-Iranian Business Forum.
THE HUNGARIAN COMPETENCE IS IN THE POPULAR DEMAND IN IRAN
The Iranian economy is showing a significant growth: according to the World Bank, GDP will have increased by approximately 5% by 2017 and 2018. At the same time there is an excellent export opportunity for Hungarian companies in Iran, thanks to a market share of about 80 million people or rather to the use of Hungarian technology and competence in all segments of the economy during the modernization.
„By reducing international trade regulations, Iran will again be involved in the international economic circulation, which also enables Hungarian companies to enter the market. Moreover, in terms of bilateral trade relations, business partnerships can be developed in all segments of the economy, whether it is agriculture, the automotive building and food industry, the area of renewable energy, water management, infocommunication or the field of education.” – said Zsanett Oláh, Chief Executive Officer of the Hungarian National Trading House.
During professional performances at the business forum, Hungarian businesses could learn useful information about the characteristics of the Iranian market, as well as specific investment opportunities. At the beginning of 2017, the Hungarian National Trading House opened its office in Tehran, the capital of Iran. Besides assessing market needs and mapping local business possibilities, such a gesture can open opportunities for Hungarian businesses to access the markets of the Middle East and Central Asia.