HEPA Turkey Research Reports Sponsored Average 300 5 Events Pages Throughout Per Month

Activity Report 2019 2019

Promotion of Between Turkey 136 Hungarian and Hungary companies. 91 business matchmaking achieved.

467 business Average 25 opportunity import inquiries meetings. processed per month.

Execution of 158 8 local consultations exhibition with potential visits buyers. annually.

Market and HEPA Turkey research reports sponsored average 300 5 events pages throughout per month. 2019.

2 3 Table of Contents

HEPA Turkey 1. Page 8. Messages Page 82. President Recep Tayyip Erdoğan paid an official Page 12. Offices & Our Team visit to Hungary on November 7th, 2019 Page 14. Mission - Vision Page 84. “Smartcity and Sustainable Energy Management Page 15. What does HEPA Turkey do? Start Up” event on November 21st and 22nd, 2019 Page 16. Why Hungary? Page 85. “Infocom World Forum 2019” event on November Page 17. Developing Economic Relations 26th, 2019 Page 18. Organizations We Collaborate Page 86. Advertisements Page 88. HEPA Turkey in Social Media

Country Promotion Trade Promotion 3. Page 90. Media Presence & Publications Page 92. DEIK Business Diplomacy 2. Page 20. Market Research Reports Magazine - Hungary Country Supplement Page 24. Visits to Goverments Offices, Chambers Guilds and Associations Page 26. Bussiness to Business Organizations and Conferences Page 40. Exhibitions and Participants Page 46. “Country Promotion Day of Hungary” event at Manisa Chamber of Commerce and Industry

Page 48. Aegean Region Chamber of Industry Page 50. “Hungary Country Promotion Day” event at İzmir Chamber of Commerce Cultural and Social Activities, Sponsorships Page 52. “Hungary Country Promotion Day” at Antalya Chamber of Commerce and Industry Page 54. An Iftar Dinner organized by Hungarian Ambassador of Ankara 4. Page 94. HEPA Turkey sponsored the following cultural Page 56. “Hungary Country Promotion Day” event at Istanbul Chamber of Industry activities Page 58. “The Artificial Intelligence in Water Technologies” Page 98. Havasi concert at Zorlu Performance Hall Page 62. 6th Joint Economic Commission meeting held in Budapest Page 100. 1956 Hungarian revolution memorial gala events Page 64. Participated in the “Hungary Country Promotion Day” event at Kayseri Chamber of Commerce Page 66. Organized “Water Tecnology Roadshow” on September 17th, 2019 in İstanbul Page 68. Organized “Water Technologies Roadshow” in Ankara Chamber of Industry Page 70. Organized “Medical Roadshow” September 24 - 25th, 2019 Page 74. A memorandum of understanding (MoU) signed between Ostim Medical Cluster and Testimonials Hungarian Medical Cluster Page 76. HEPA Turkey sponsored event helped to achieve closer cooperation on customs & excise 5. Page 102. Thank You Letters between Hungary and Turkey Page 78. MKIK Delegation Visited İzmir on September 17th and Antalya on September 18th, 2019 Page 80. Karpat Expo 2019

4 5 Milestones in 2019

JANUARY FEBRUARY MARCH KOSGEB and ASO visit of HEPA CEO II.DEIK HEPA Africa Forum Participated as Hungarian pavillon to; MUSIAD Event REW - 16th International Recycling, Environmental Technologies and Enterprise Europe Network visited Waste Management Fair HEPA Turkey EXPOMED - 26th Medical Fair KOSGEB visit

APRIL MAY JUNE Visited Kocaeli Chamber of Industry Participated in the “Hungary Country Supported 6th Joint Economic Commission Participated in the “Hungary Country Promotion Day” event at Antalya Chamber meeting held in Budapest Promotion Day” event at Manisa Chamber of of Commerce and Industry Sponsored and gave support to the Hungarian Commerce and Industry Sponsored an Iftar Dinner organized by Cultural Center for the June 9th Black Food Visited Aegean Region Chamber of Industry Hungarian Ambassador in Ankara Festival at Istanbul Visited and participated in the “Hungary Visited and participated in the “Hungary Country Promotion Day” event at İzmir Country Promotion Day” event at Istanbul Chamber of Commerce Chamber of Industry Sponsored and organized the workshop of “The Artificial Intelligence in Water Technologies”

JULY AUGUST SEPTEMBER HEPA CEO and HEPA Turkey visited DEIK Participated in the “Hungary Country Organized Water Technology Roadshow Participated in the “Hungary Country Promotion Day” event at Ankara Chamber Organized Medical Roadshow in Istanbul Promotion Day” event at Kayseri Chamber of of Industry and Ankara Commerce A memorandum of understanding (MoU) was signed between Ostim Medical Industry Cluster and Hungarian medical cluster Sponsored two episodes of NTV Pasaport programme about Hungary broadcasted on NTV

OCTOBER NOVEMBER DECEMBER Organized and supported the participation Participated 4th High Level Strategic Prepared and sponsored Hungary of Turkish delegation to Hungaromed Expo Cooperation Council meeting in Budapest Country Supplement for DEIK in Budapest Prepared and sponsored radio spots Business Diplomacy magazine Organized and supported the participation broadcasted at news radios about Hungary of Turkish delegation to Budapest Water Summit Country Awareness Participated to Turkish Council meeting in Baku Visited Turkic Council General Secretary Organized and Sponsored Turkish - Hungarian in Istanbul 6 Customs conference in Budapest 7 Message from the Chairman of Polat Holding

Adnan Polat Chairman of Polat Holding

Turkey and Hungary enjoy friendly relations based on the TurkStream gas pipeline, Russian natural gas is origin, and Hungarian is a relative of Turkic languages”. Investment Promotion Agency (HIPA). It actively historical and cultural ties, going back centuries and expected to go to Hungary from Turkey. communicates and cooperates, on a daily basis, a “shared ancient past”. Today, the two countries are There exists a Hungarian Cultural Centre in Istanbul. especially with the trade attaches in Ankara and Istanbul. strategic partners, based on a deal reached in 2013 by The bilateral trade between the two countries amounts Moreover, there are Turcology and Hungarology For generating higher synergy between various Turkish President Mr. Erdoğan and Hungarian Prime to 3.1-3.2 billion USD annually and both sides agreed Departments in selected Universities of both countries. Hungarian organizations in Turkey, HEPA Turkey Minister Mr. Orbán to establish a Supreme Strategic on increasing this amount to 6 billion USD. According The Tomb of Gülbaba, a Turkish Bektashi dervish, in headquarter has been located in the Istanbul Polat Council. Both countries cooperate and support each to the Central Bank of the Republic of Turkey statistics, Budapest, which was built by Ottoman authorities Office together with the Hungarian Consulate General, other at a strategic level, under the umbrella of such between the years 2002 - 2018, direct investments between 1543 and 1548, had been renovated by the Hungarian Cultural Center and the office of Hungarian organisations as NATO, the EU and the Council of from Hungary to Turkey amounted to 29 million USD Tomb of Gülbaba Heritage Foundation and inaugurated Eximbank, hence making the Istanbul Polat Office a one- Europe, where Hungary is a supporter of Turkey’s EU and Turkish direct investments in Hungary during the by Turkish President Erdoğan and Hungarian Prime stop service center for Turkish people interested membership. same period have been 58 million USD. Considering minister Orbán in 2018. in Hungary. that many Turkish investments were made to Relations between Turkey and Hungary have recently Hungary through third countries and several ongoing HEPA Turkey was established in 2015 with the aim to 2019 has been a challenging year, especially within advanced in every field, as a result of increasing mutual investments, these figures do not reflect the actual develop business relations between the two countries this geographical area. However, the trade volume high-level visits and consultations. Export and trade are investment amount which is estimated to be over a and became the representative of Hungarian Export between Turkey and Hungary continued to increase in among key priorities of Hungary’s foreign policy and the billion USD. Promotion Agency (HEPA) in Turkey, Greece and Cyprus. 2019. We achieved 3.13 billion USD by the end of 2018 nation considers Turkey one of the key partners as it HEPA Turkey serves to increase exports of Hungarian and expecting whole year figures from statistics office. implements its plan of “Opening to the East”. As part of As the Hungarian Minister of Foreign Affairs and Trade enterprises to these countries. As the Chairman of the Turkish - Hungarian Business its quest for new export markets for Hungarian goods, Péter Szijjártó declared recently, Eximbank is opening Council of Foreign Economic Relations Board (DEIK), Turkey occupies a special place among Hungary’s trade a 220-million-dollar credit line in the interest of further With five representative offices in Turkey, HEPA Turkey I would like to emphasize that Hungary is also a highly partners. As a result, Hungary opened a Trade House increasing last year’s Turkish - Hungarian trade flow; also provides support for promoting the export volume valuable country for investors, with its EU membership in İstanbul in December 2013, while the Hungarian the mutual agreement on VAT rebates has come into of Hungarian products and services to Turkey. and its investment potential in almost every field. Eximbank opened an office in İstanbul in 2015. effect, and Turkish banks could soon appear on the HEPA Turkey offices also assist Turkish businesspeople, Hungary is growing steadily and standing out among its Hungarian market. The new agreement on freight who are considering investing in Hungary. Thanks to peers in the region. Hungary is also considered a gateway to EU markets for transport is also expected to be concluded soon. the efforts of HEPA Turkey, economic, commercial, Turkish businessmen, thanks to its strategic location, industrial, financial and cultural relations between the In 2020, as HEPA Turkey, we will continue to strive to well-developed infrastructure, qualified human In addition to strong economic ties, cultural relations are two countries, already at an all-time high, are further ensure the continuation of relationships between the resources and attractive incentives for investors. also a significant part of bilateral relations. As Hungarian developing and advancing. two countries within this spirit and to establish further Prime Minister Orban states, “Hungary has always connections between businesses. Furthermore, Turkey and Hungary have common focused on the cooperation of Turkic speaking states HEPA Turkey is also working in coordination, not only projects in Africa. Together, the two countries sent which nurture their language, culture and traditions with the Hungarian foreign missions and Hungarian I would like to thank all of our employees and business doctors to Kenya and set up a water purification even in the modern world. Hungarians consider Eximbank in Turkey, but also with other Hungarian partners for their contributions to these successful plant in Ghana. By 2021, with the construction of themselves late descendants of Attila, of Hun-Turkic governmental organizations such as the Hungarian efforts. 8 9 Message from the HEPA Turkey Managing Director

Fikret Nas HEPA Turkey Managing Director

Since World War I, when Turkey and Hungary fought on The Hungarian Export Promotion Agency (HEPA) has been and welfare in both countries, we carried out various signed between the KOSGEB and the Hungarian Export the same side as part of their predecessor empires, Turkey established by the Hungarian Ministry of Foreign Affairs cooperative activities between Turkish and Hungarian Promotion Agency (HEPA) during the 6th Joint Economic and Hungary shared a similar fate to grow into sovereign and Trade with the aim of increasing exports of Hungarian SMEs to strengthen the relations and to transfer mutual Commission Meeting in Budapest. nation-states and established strong relations over the last enterprises. HEPA Turkey is the contracted partner of this knowledge and experience between them. Technology century. organization in Turkey, Greece, and Cyprus. introduction days and entrepreneurs have been organized That agreement is a first step towards increasing Our organisation has been established in Budapest in 2015 and were held to share best practices on SME support cooperation between SMEs and it has an important role for Becoming “strategic partners” today, based on an to enhance trade relations and collaboration between mechanisms. Mutual business trips were also organized in increasing the trade volume between the two countries. agreement signed by the leaders of the two counties in Hungary and Turkey. order to increase technical and commercial cooperation Also it will help HEPA and KOSGEB cooperation on 2013, cooperation between Hungary and Turkey gained and mutual trade volumes of SMEs of the two countries. institutional structuring. significant momentum over the last few years. Besides As in previous years, we continued to focus on bringing the common current issues, there are significant cultural potential of Hungarian companies into light in Turkey and During 2019, we organised Hungary Promotion Days at the Our country promotion efforts to create increased visibility commonalities; the two languages also share a common root. Greece and to promote goods and services produced by chambers of commerce in prominent Turkish cities with of Hungary in Turkish media yielded successful results and the Hungarian companies in different fields and industries. significant business population and economic activity such we reached more than 13 million individuals in Turkey with Participation of Hungary to Turkic Council in 2018 in an as İstanbul, Ankara and İzmir and in Anatolian cities with the news coverage generated at broadcast, print and online observatory status and the opening of the Turkic Council’s Our main activities include, preparing market research significant potential, such as Kayseri. media. Representation Office in Budapest in September 2019 reports on specific sectors and business fields, supporting would not only strengthen the relations of the Turkic and introducing Hungarian suppliers to local importer Our track record of success in 2019 includes, I am very proud that we are closing the year with satisfied Council with Hungary, but it will also help increasing the companies, which are searching for products from Europe, • Promotion of 136 Hungarian companies. partners. HEPA Turkey’s mission is to build bridges between cooperation of the Turkic Council with the EU and European organizing seminars and networking meetings to increase • Execution of 158 consultations with potential buyers. our countries of operation through our efficient and institutions. The office will open new avenues for further awareness of Hungarian business opportunities and to • 467 business opportunity meetings the best-quality services. As our customer testimonials collaboration of Hungary with the affiliated and related generate demand for Hungarian products. • Market and research reports averaging 300 pages per demonstrate, we have been successfully helping our bodies of the Turkic Cooperation Organizations namely; month. partners this year as well. TURKSOY, TURKPA, Turkic Academy and Turkic Culture and Thanks to our efforts and the fertile ground for • Average 25 import inquiries processed per month. Heritage Foundation. The purpose of the Council which collaborative business operations between the two • Five HEPA Turkey sponsored events throughout 2019. In October 2018, Turkish President Recep Tayyip Erdoğan was established in 2009 is to develop business cooperation countries during the years 2015 - 2018, according to • 91 business matchmaking achieved between Turkey and and Hungarian Prime Minister Viktor Orban set the bilateral among member-states, Turkey, Kazakhstan, Kyrgyzstan, Hungarian Central Statistical Office trade volume between Hungary. trade target as $6 billion USD. Considering our potential, we Azerbaijan and Uzbekistan. Hungary and Turkey increased from 2.81 Billion USD to 3.13 As part of the Medical Roadshow organized by HEPA hope to reach our bilateral trade target in the near future. Billion USD with 11,4% increase. On the other side during Turkey in Ankara, a memorandum of understanding As an export-orientated state, it is in Hungary’s fundamental the years 2015 - 2018 trade volume between Hungary and was signed between the Ostim Medical Cluster and the In 2020 we will be looking to implement more tailor-made interest to reinforce its economic relations with Turkey. Greece increased from 497 million USD to 668 million USD Hungarian Medical Cluster on September 25th, 2019, aimed services towards further developing business relations HEPA Turkey’s mission is to build bridges between our with 34,3% increase. at increasing the co-operation between Hungarian and between Hungary and Turkey. HEPA Turkey, which aims countries to facilitate the most efficient dialogue among Turkish medical companies. to maintain its high performance and proactive approach these countries while promoting international cooperation Based on the fact that SMEs with increased competitiveness since its establishment, will continue to create added value on trade, economy, tourism, culture and investment. will contribute to economic growth, employment A memorandum of understanding and action plan was in all countries where it operates.

10 11 Offices & Our Team

HEPA Turkey has got 7 offices in 3 countries. Bursa The seven offices are where all the operations are carried out. The team in Our office in the industrial Turkey consists of 10 professionals, Greece consist of 2 professionals with a total town of Bursa, which is of work experience exceeding 100 years. In addition to business development the national capital for professionals our team also includes finance and accounting professionals and automotive and textile other support staff. industries.

Istanbul The operational HQ is in Istanbul. The office is located Gaziantep in one of the most famous HEPA Turkey’s office in office buildings of the Gaziantep, the largest city of European section of the city, Eastern Turkey. Polat Ofis.

Izmir One of our other offices in Athens Turkey is in the pearl of the Our other country of Aegean coastline, Izmir. operation is Greece. HEPA office is located in Athens, with a satellite office in Nicosia, Cyprus.

Ankara HEPA Turkey has one office in the Turkish capital, Ankara. Budapest The main HQ, located in the center of Budapest. The team here includes General Coordinator and the central accounting department.

12 13 MISSION WHAT DOES HEPA TURKEY DO?

Support Hungarian companies who wishes to export their products and HEPA Turkey’s partner match making success is based on the professional services to the countries we are operating in with a high level of accumulation approach to business development and the geographical market knowledge of knowledge and increase the trade volume gathering together the what we achieve with our regional offices. HEPA Turkey carries out advantages of these countries. the following activities in order to start and develop the bilateral trade relationships between the Hungarian and Turkish companies:

Conducting company specific market studies of sectors and products. Finding suitable partners for Hungarian companies to enter the Turkish market. Finding the suitable Hungarian suppliers for Turkish companies. Organizing and providing assistance for B2B meetings. VISION Participating exhibitions in Turkey as country pavillion together with Hungarian companies. Supporting Hungarian companies to visit exhibitions in Turkey. Visiting exhibitions in Turkey on behalf of Hungarian companies. Get the nations closer to each other through trade and investments. Representing Hungarian companies with no office in Turkey. Providing foreign trade financing opportunities supported by Hungarian EximBank. Increasing awareness of Hungary by using conventional and dijital media channels. Promotion of Hungary by making country presentations to chambers, associations and organizations.

14 15 WHY HUNGARY? DEVELOPING ECONOMIC Capital Open economy and foreign RELATIONS Budapest trade focused foreign policy Trade 2015 - 2018 trade volume between Hungary - Turkey increased from 2.81 Billion USD to 3.13 Billion USD Globally acknowledged, high 2016 - 2018 trade volume increased 13.4% quality workforce

3.50

3.00

Well developed 2.50

Population 2.81 2.76 2.98 3.13 infrastructure 9,8 million 2.00 2.35 (2019) 1.50 2.34 Friendly relations based on 1.00

our historical and cultural 0.50 ties 0.00 2015 2016 2017 2018 2018 Jan - Sep 2019 Jan - Sep Source: ksh.hu Attractive incentive schemes for investors Trade National Currency 2015 - 2018 trade volume between Hungary - Greece increased from Forint (HUF) 497 Million USD to 668 Million USD Lowest level corporate tax rate in the 2016 - 2018 trade volume increased 33% EU 9% 800 GDP - Growth Rate 700

4,9% (2018) 600 668 500

Strategic Location 552 520 506 400 503

Inflation 497 2,8% (2018) 300 Gateway to European 200 Import - (2018) markets with population of 100 510 million in total 0 99,3 Billion EUR 2015 2016 2017 2018 2018 Jan - Sep 2019 Jan - Sep Source: ksh.hu Export - (2018) Membership in international 4 flights from Istanbul to Budapest every 104,9 Billion EUR organizations EU (since 2004), day. Increasing volume of passengers. Trade Volume - (2018) UN, OECD, WTO, NATO, IMF, EC 204,2 Billion EUR

16 Source: KSH, Eurostat 17 ORGANIZATIONS WE COLLABORATE WITH:

Ankara Chamber of Ankara Chamber of Industry - Antalya Chamber of Bursa Chamber of Commerce Hungarian Export and Foreign Economic İstanbul Chamber of The Union of Chambers and Commerce - ATO ASO Commerce - ATSO - BTSO Import Bank - Eximbank Relation Board - DEIK Commerce - ITO Commodity Exchanges of Turkey - TOBB

Denizli Chamber of Gaziantep Chamber of Istanbul Chamber of Industry Manisa Chamber of Turkish Exporters Assembly Small and Medium Enterpris- Hungarian Culture Center Independent Industrialists’ Commerce - DTO Commerce - GTO - ISO Commerce and Industry - - TIM es Development Organization Istanbul - MCC and Businessmen’s MTSO of Turkey - KOSGEB Association - MUSIAD

CONSULATE GENERAL OF H UNGARY I N ISTANBUL

Trabzon Chamber of Hungarian Chamber of Embassy of Hungary Consulate General of Izmir Chamber of Kayseri Chamber of Industry Kocaeli Chamber of Ostim Medical Industry Commerce and Industry - Commerce and Industry - Hungary in Istanbul Commerce - IZTO - KAYSO Commerce - KOTO Cluster - OMIC TTSO MKIK

Magyar Turisztikai Hungarian Investment and Turkic Council - TC Turcham Federation of Hellenic Hellenic Association of Mobile Enterprise Europe Network - Athens Chambers of Ügynökség Promotion Agency - HIPA Information Technology and Application Companies - Greece Commerce and Industry - Communication Enterprises HAMAC ACCI - SEPE 18 19 TRADE PROMOTION

77ELEKTRONIKA GRANITECH OVARTEJ ZRT Market Research AGROFEED GRANUFLEX OVUPRED ALTERNCONSULT KFT. GREMON PASTETOMOK Reports ANDROMEDIC HELIOSTIM PEARL COSMETICS ARZENAL HELVÉCIA PROTEIN TRADE KFT. PREMED ATEV ZRT HIDROFILT DENT-ART-TECHNIK KFT. BEDECO HOLOGRAFIKA PREMIUM MINOSEGU BELUX HUN-TECH SYSTEMS PASTETOMOK Throughout 2019 more than 700 monthly tasks BIOFIVE HUNWATERTECH PRÉMIUM SZERVIZ BIOSEC GROUP INDIVIZO PURECO KFT. were completed and submitted to HEPA. Within BONDUELLE INNOMED PUTSZA these reports a total of 136 Hungarian companies BONT-TÖR ÉPÍTŐIPARI ZRT. INWATECH QULTO were serviced with potential buyer lists, follow-up BOSCO ISLAND OF QUAILS REGE BTL MAGYARORZSAG IVM SANAT METAL of the on going projects, with sector/item specific BUDAPEST WATERWORKS JÁTSZÓTÉR 2006 KFT. SENSOMEDIA reports or regulations. (FFővárosi Vízművek Zrt.) JOSAB SILVANUS BUGADEP KFT. KAPOSVAR UNIVERSITY SIM TEAM ICT - Information and Communication Technologies C3S KÁRÁSZY KFT. SPIE- AGIS CAPES KAROTAZS STELLA CEH+ KARSAI SZABADICS INC. Green - Tech Industry - Urban and Regional Development CODEX KECSKEMET CANNERY SZATMARI KACSAP COMNICA KEXPORT SZEGA COMTECH KISCHEMICALS REGE Agriculture and Food CONTROL-X LABTECH SZILIKONHAZ CRYSTAL NAILS LD AGRO TALAJTECHNIKA Health Care Industry CUBILOG MAGNUS TE-FOOD DELFA 2000 LTD. MAGYAR MEDIKAI GYÁRTÓK TEN-T LTD DEL-KONSTRUKT ÉS SZOLGÁLTATÓK KLASZTER THERMOWATT Production Engineering, Electronics and Metal Processing DELTA TRUCKS MALOMGYARTO TISZA CIPÓ DERMOLEX MASTER GOOD KÖZPONT SZABADICS CIVIL DOLHAY KFT. MATESZ ENGINEERING AND Veterinary Products DOROTI PACK KFT. MATRAMETAL CONSTRUCTION PLC DR HAZI MEDICOR KEZIMUZSER TUNGSRAM Cosmetics DSI-INHALO MEDIMETAL TŰZVARÁZS OTTHON EKO MEDISO FŰTÉSTECHNIKAI EKOTON METALCOM KERESKEDELMI KFT. Aircrafts ELECTROMEGA METALKONSTRUKT UNICHEM ELVE PHARM MEZEI-WILL LTD. UTB ENVIROTEC EMD MOLTECH VARIAN Air Control ENEXIO MOMCARE KFT. VERSUS FOODS ENVIHORIZONT MOONSYST WATER&SOIL EOS IMAGING MYMED WATERSCOPE EVO PACK TACFOL KFT. NATURTEX WM SYSTEMS FF FEMFEDOLGOZO OLAJÜTŐ SZÖVETKEZET WPA PACKAGING KFT. FITOREX-YASO OMNIPACK ZSOLNAY GEOCHEM ONCOMPASS

20 21 Acropolis, Athens TRADE PROMOTION

Market Research Reports

Several Market studies and business platform for matchmaking for Hungarian and Greek companies.

AQUA ENGINEERING IVSZ AUTOPARADIGM KARASZY BELUX KEXPORT CLUSTER BUDAPEST WATER WORKS& AQUACUST LTD. MAKESENSE COMNICA NTCA, iCELL CONSTEEL PLATIO CONTROLSOFT LTD & HIDROFILT WATER POLYNET TREATMENT LTD. POLYDUCT ZRT EDUARDO PROWORXS EIT DIGITAL PURECO LTD EIT HEALTH VENTURE LAB. REWATER ENVIROSAN DC&ENVIHORIZONT LLC. ROLLET EUROMATIC&BTL–CREATINGER SOLECALL GAPIDEA T-SYSTEMS HIVENTURES TUNGSRAM HUMIN AQUA WATER&SOIL LTD. INNOSKART ICT CLUSTER XYLEM

22 23 TRADE BUDAPEST PROMOTION

Visits to Goverments Offices, Chambers Guilds and Associations

HEPA President visited KOSGEB.

A memorandum of understanding was signed between the KOSGEB and the Hungarian Export Promotion Agency (HEPA) at the Turkish - Hungarian Business Forum in Hungary October 2018. Following this development, HEPA President and HEPA Turkey Managing Director Fikret Nas visited President of KOSGEB. Dr. Cevahir visited Uzkurt.

The memorandum was signed between KOSGEB and HEPA. KOSGEB President Dr. Uzkurt stated that the memorandum of understanding is a first step towards increasing cooperation between SMEs of the two countries. In the framework of the goals set by President Erdoğan, Uzkurt pointed out the importance of increasing the trade volume between the two countries. An action plan signed between HEPA and KOSGEB during 6th JEC on June 26th in Budapest.

HEPA CEO expressed the importance of cooperation with KOSGEB in terms of institutional structuring. During the meeting, it was agreed to organize cooperation and twinning activities between the SMEs of the two countries with the aim of sharing of information and experience between institutions.

It has been evaluated that there are cooperation opportunities between Hungary to Turkey, in industrial equipment, agriculture and food products, automotive products and motor vehicles, textile and leather fields.

24 25 TRADE ISTANBUL PROMOTION