Cover Note to reader Doing Business with Hungary Contents Foreword Foreword List of Contributors Introduction Acknowledgements Part One The Economy and the Business Environment 1.1 Economic Performance and Outlook 1 1.2 Hungary and EU Accession 1 1.3 Foreign Direct Investment (FDI) 1 1.4 Foreign Trade 1.5 Business Risk Assessment Part Two The Legal Structure and Business Regulation 2.1 Legal Framework 2.2 Privatization and the Legal Environment for Reform 2.3 Alternative Corporate Structures 2.4 Agency, Distribution and Franchise Agreements 2.5 Employment Law 2.6 Intellectual Property Rights 2.7 Dispute Resolution 2.8 Foreign Investment Regime and Structuring Transactions Part Three Finance, Accountancy and Taxation 3.1 Banking 1 3.2 The Banking Sectora Legal Perspective 3.3 Accounting and Audit 3.4 Business Taxation 3.5 Public Private Partnerships (PPPs) 3.6 Financial Services Sector 3.7 Budapest Stock Exchange 3.8 The Venture Capital and Private Equity Market in Hungary Part Four Key Sectors of Trade and Investment 4.1 Agriculture, Forestry and the Food Industry 4.2 Energy Sector: Facing Deregulation 4.3 Machine Industry 4.4 Automotive Industry 4.5 Pharmaceutical Industry 4.6 Electronics Industry 4.7 TelecommunicationsRegulatory Environment 4.8 Telecommunications Markets 4.9 Retailing 4.10 Business Parks 4.11 Computer Software Industry 4.12 IT Business Communication Services 4.13 Public Relations and Communications Practice 4.14 Management Consultancy 4.15 Budapest Office Market Part Five Essentials for Expatriates and Business Visitors 5.1 Regulations 1 5.2 Living Conditions Part Six Appendices Appendix I Comparative Tax Rates Worldwide on Dividends, Interest and Royalties Appendix 2 Sources of Further Information Appendix 3 Contributors Contact Details Index The Doing Business with Series.