HUNGARYLogistic and forwarding services in Hungary
Hungarian, German, English.
Gross national product (GNP)
USD 137 Mrd
GNP per person
Financial exports to Switzerland
CHF 1,07 Mrd
Financial imports from Switzerland
CHF 1,1 Mrd
Bilateral relations Switzerland–Hungary
The events of 1956 continue to have a significant influence on relations between Switzerland and Hungary. Following the failed uprising against Soviet communism, around 12’000 Hungarian refugees found asylum in Switzerland.
Hungary is Switzerland’s third most important trading partner in Central Europe. In 2014, Swiss direct investment amounted to EUR 1,45 billion, which corresponds to 2.7% of all foreign direct investment in Hungary. This places Switzerland among the ten most important foreign direct investors in the country.
Hungarian, German, English.
Dimensions and weights
National currency Forint (Ft) = 100 filler (f).
ISO code: HUF
Harmonised system, customs clearance based on the transaction value.
EU goods are freely available. Signed invoices with a company stamp and all standard information and an indication of the country of origin are necessary for the customs clearance of non-EU goods.
Quality certificates: certain products such as foods, children’s toys, construction materials and hazardous or high-emission products are subject to a statutory inspection obligation to protect the consumer and the environment. After the procedure has been carried out a marketing authorisation (Szakvélemény) is issued in Hungary by the respective competent state recognised certification body.
The new electronic road freight control system EKAER was introduced in Hungary on 01/01/2015. There is a reporting obligation for goods transported by truck which are imported from the EU to Hungary or exported from Hungary to the EU or are sold to non-end-consumers within Hungary for the first time. There are different regulations for when an EKAER is necessary depending on the type of goods (Hungary distinguishes between high-risk and non-high-risk goods).
More information can be found on http://www.ahkungarn.hu/marktinfos/ekaer-system/
The law on the use of the Hungarian language requires advertising and commercial labels and instructions for use to be in Hungarian.
The import of Hungarian currency, foreign currency checks or securities of 1 million or more must be notified to the border customs office in writing. Invoices for 1 million or more may not be paid in cash, they may only be paid by bank transfer. There is also a reporting requirement when importing and exporting cash totalling more than EUR 10.000.
Standard VAT rate: 27%
Reimbursement of VAT paid is possible.
Terms of payment and tenders
All terms of payment are subject to free agreement. Payment after receipt of the goods with a term of 30 days is standard. Letters of credit, bank guarantees and bank cheques are recommended.
Agreeing arbitration clauses in contracts is generally recommended. Invoices in EUR. Tenders in German are standard.
Designations of origin
Usual markings. Prohibition on misleading customers.
The EU Directive sets out that packaging materials made of wood must be manufactured from round logs. This EU regulation goes beyond the necessary treatment set out in the ISPM 15 standard. When using disposable packaging the type of material, the weight and the customs tariff number of the packaging material should be indicated in the commercial invoice as the importer requires this information to fill in the imported goods declaration. Hay and straw are prohibited as packaging materials.
Exceptions are only permitted if the supplier attaches health certificates for the hay or straw. In this case a note should also be placed on the outside of the packaging in a clearly visible manner stating that the packaging material has been checked.
Duty free where there is no retail value.