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The Hungarian Business Association in Romania

HBAR (Hungarian Business Association in Romania) was established on May 15th 2005, at the initiative of many companies, famous Hungarian business man, from Hungary the Economy and commerce minister and his ITDH, and the Representative of Hungary from Bucharest.
The preparatory paper work, as well as the signing of the constitutional document took place at the Embassy of Hungary from Bucharest. A big role, in the writing of the document and in the project elaboration stage, was fulfilled by the AAM Tanácsadó RT (Kapusy Dániel) and Fornetti Romania SRL (Pánczél Zoltán).
The members who contributed to the establishment of this association are the following,

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Romanian Economy 2007
In 2007 the commerce between Romania and Hungary reached heights that are considered a record. Its dynamic volume reached 4.60Mld.Euro, growing with 23.4%.
Reported to 2006 the Hungarian invested capital grew from 992M euro to 1566M euro.
The Hungarian export had a growth of 3.09Mld.euro (+30.6%) and the Romanian one of 1.52Mld (+11.9%) exports towards Romania grew surpassing the medium dynamic of the Hungarian exports growth (16%).
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