SPOTLIGHT ON BUDAPEST

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1 SPOTLIGHT ON BUDAPEST WELCOME TO BUDAPEST, HUNGARY Budapest is the not ony the capita and most popuous city of Hungary, but it is one of the argest cities in the European Union. Budapest is cited as one of the most beautifu cities in Europe. Known as "Paris of the East" and "The Pear of the Danube," Budapest offers a wonderfu bend of European and Asian cutures that is refected in everything from music to food to architecture. Budapest is an Apha-goba city with strengths in arts, commerce, design, education, entertainment, fashion, finance, heathcare, media, services, research, and tourism. Contents Cimate and Geography 02 Cost of Living and Transportation 03 Visa, Passport, Language, and Currency Information 04 Lifestye, Sports, and Attractions 05 Cuture, Shopping, and Dining 06 Schoos and Education 07 GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 01

2 Budapest Cimate Graph CLIMATE Budapest has a humid continenta cimate that cosey borders a cod semi-arid cimate, with reativey cod winters and warm summers. Winter (November unti eary March) can be cod and the city receives itte sunshine. Snowfa is fairy frequent in most years, and nighttime temperatures of 14 F ( 10 C) are not uncommon between mid-december and mid-february. The spring months (March and Apri) see variabe conditions, with a rapid increase in the average temperature. The weather in ate March and Apri is often very agreeabe during the day and fresh at night. Budapest's ong summer asting from May unti mid-september is warm or very warm. Budapest has as much summer sunshine as many Mediterranean resorts. 100 o F 37.8 o c 80 o F 27.7 o c 60 o F 15.6 o c 40 o F 4.4 o c 20 o F -6.7 o c 0 o F o c JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC High Temp Low Temp Precipitation Average High/Low Temperatures Low / High January 29 o F (-2 o C) / 37 o F (3 o C) Juy 62 o F (17 o C) / 80 o F (27 o C) Average Precipitation Rain 21 in. (532 mm) 6 in mm 5 in mm 4 in mm 3 in mm 2 in mm 1 in mm Snowfa 4 in. (113 mm) GEOGRAPHY Budapest, strategicay paced at the center of the Carpathian Basin, ies on an ancient route inking the his of Transdanubia with the Great Pain. Budapest ies in Centra Hungary, surrounded by settements of the aggomeration in Pest county. The Danube enters the city from the north and separates the two parts of the city. Pest ies on the fat terrain of the Great Pain whie Buda is rather hiy. GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 02

3 COST OF LIVING The cost of iving in Budapest is significanty ess than many other major European cities, incuding Moscow, London, Paris, Munich, and Vienna in neighboring Austria. In many cases prices, incuding rea estate, are forty to sixty percent ess in Budapest than in other major cities in Europe. Budapest has been ranked as the most ivabe Centra and Eastern European city on EIU's quaity of ife index, ranked as "the word's second best city" by Condé Nast Traveer, and "Europe's 7th most idyic pace to ive" by Forbes. Key Metrics Median Home Price 11,300,000 HUF Approx. $65,386 USD* Median Monthy Rent (3 BDRs) 255,200 HUF Approx. $866 USD* *Based on exchange rate at the time of pubishing TRANSPORTATION Airport Budapest Ferenc Liszt Internationa Airport (BUD) Pubic Transportation Pubic transit in Budapest is provided by the Centre for Budapest Transport (BKK). BKK operates 4 metro ines, 5 suburban raiway ines, 33 tram ines, 15 troeybus ines, 264 bus ines, 4 boat services, and BuBi, a smart bicyce sharing network. Other Specia vehices in Budapest, besides metros, incude suburban rais, trams and boats. There are a coupe of ess common vehices in Budapest, ike the troeybus on severa ines in Pest, the Caste Hi Funicuar between the Chain Bridge and Buda Caste, the cycecar for rent in Margaret Isand, the chairift, the Budapest Cog-whee Raiway, and chidren's raiway. GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 03 GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 03

4 VISA AUTHORIZATION REQUIREMENTS Permitted Activities Business visitors must generay imit their activities to meetings, negotiations, seminars, and conferences Type of Business Visas The Schengen C visa is the typica visa issued to business traveers. Note that many nationaities benefit from a visa waiver arrangement with the Schengen area and are permitted to enter visa free for business visits of up to 90 days in a 180 day period. Basic Requirements 1. Intention of a genuine visit for business and not for paid empoyment; 2. Proof of medica coverage of at east EUR 30,000; 3. Evidence that there are no restrictions on his or her traveing to Hungary; 4. No intention to permanenty reside in Hungary; 5. A ticket for onward trave from Hungary; 6. Proof of funds. EMPLOYMENT PERMITS Basic Requirements The principa visa category for temporary empoyment in Hungary is the combined Work and Residence Permit. This is a category for empoyers to sponsor approved skied workers to work in Hungary for periods of between 3 months and 2 years. Process Overview The process for obtaining the Work and Residence Permits is as foows: 1. Work Force Demand a Labor Market Search must be conducted to prove that there are no suitabe EU resident candidates to fi the position. 2. Combined Work and Residence Permit Appication for D Visa Pickup submitted at the Hungarian Consuate Genera in the empoyee s home country as soon as possibe after the Work Force Demand approva. 3. Coection of D Visa at Hungarian Consuate Genera in empoyee s country of residence. The Visa wi be issued vaid for a singe entry for work purposes. 4. Residence Permit and Address Registration must be fied within 30 days of the empoyee arriving in Hungary. Persona appearance by appicant is required. Estimated Processing Time 90 days after compete appication submission Vaidity periods Visas are generay vaid for up to twenty-four months. Renewa is possibe. Famiy Members Accompanying Non-EU dependents hoding a Famiy Union Permit are not granted permission to work in Hungary. *This summary is intended for informationa purposes ony and is not an authorized guide on how BUDAPEST TENYEK (BUDAPEST FACTS) Language The officia anguage of Budapest is Hungarian, or, as the ocas ca it, "Magyar." Over 99% of the country speak Hungarian and consider it to be their first anguage. There are those who speak Engish and German, as we as other anguages from neighboring countries. Currency The currency in use in Budapest is the Forint. Cash machines (ATMs) are widey avaiabe. Most hotes, shops, restaurants and some bars accept a major credit cards and Euros. If you pan on visiting a pub it is advisabe to bring some cash. You wi aso need cash for taxis and most pubic transport. The exchange rate (at time of pubishing) is $1 USD = 0.93 Euro = HUF 225 Forint. to obtains work authorization GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 04

5 SPOTLIGHT ON BUDAPEST LIFESTYLE & ENTERTAINMENT Budapest is an important center for music, fim, theatre, dance, and visua art. Budapest is home to a fashion week twice a year, where the city's fashion designers and houses present their coections and provide a meeting pace for the fashion industry representatives. Severa annua festivas take pace in Budapest, such as Sziget Festiva, one of the argest outdoor music festivas in Europe. The Budapest Autumn Festiva brings free music, dance, art, and other cutura events to the streets of the city. SPORTS Pro Teams Budapest Honved FC (Soccer) Budapesti TC (Soccer) Csepe SC (Soccer) Ferencvarosi TC (Soccer) MTK Budapest FC (Soccer) Ujpest FC (Soccer) Vasa SC (Soccer) Major Venues Bozsik Stadium Csepe Stadium Hidegkuti Nandon Stadium Iovsky Rudof Stadium Szony Uti Stadium Szusza-Ferenc Stadium OUTDOORS & ADVENTURE Parks and Trais Great Attractions Historic Sites Discover More City Park Budapest Botanica Gardens Buda Caste budapest.com Evis Presey Park Budapest Zoo Citadea budapestbyocas.com Garden of Phiosophy Miniversum Fisherman's Bastion gotohungary.com Oimpia Park Szechenyi Therma Baths Hosok Tere visit-hungary.com Teekom Park Tropicarium Vajdahunyad Caste visitbudapest.trave GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 05

6 SPOTLIGHT ON BUDAPEST SHOPPING & DINING Budapest's Best Bites Od-Word Markets and Modern Mas Hungary is a soup-eating nation. Popuar are the word- Budapest is a shopper s deight. Major uxury fashion brands famous gouash, Jókai bean soup, or Fisherman s soup. such as Roberto Cavai, Doce & Gabbana, Gucci, Versace, Traditiona main courses may incude Pörköts and paprika, Ferragamo, Moschino, Prada, and Hugo Boss, can be found which are the most popuar meat dishes. Pörköt is a ragout among the city's most prestigious shopping streets, the made from pork, beef or mutton, or chicken with onions Fashion Street, Váci Street and Andrássy Avenue in Budapest's and Hungarian paprika powder as the main spice. Paprikás is main upscae fashion district. Budapest's newest ma, the i made in the same way as pörköt, the ony difference is that Bacio di Stie, houses most major fashion houses and brands sour cream is mixed in the red paprika and onion sauce to from around the word incuding Bottega Veneta, Giorgio add a nice creamy texture to the mea. Armani, Saint Laurent, Lanvin, Vaentino, Oscar de a Renta. ART & CULTURE Budapest has some wonderfu, historic theaters, as we as modern performing arts centers, that attract top acts from around the word. Many concerts are payed in the od churches that are andmark buidings in Budapest. There are aso many museums and art gaeries in Budapest that wi engage the minds of visitors of a ages. Museums & Gaeries Theaters Aquincum Museum Budapest Fokore Performing Arts Theater Ethnographic Museum Budapest Operetta Geoigica Museum Caste Theater Ha of Art Erke Szinhaz Performing Arts Theater Hoocaust Memoria Center Hungarian Heritage House House of Terror Museum Hungarian State Opera Hungarian Nationa Gaery Nationa Theater Hungarian Nationa Museum Paace of Arts Hungarian Natura History Museum Pest Hungarian Theater Museum of Appied Art Rocktogon Theater Museum of Fine Art Serbian Theatre in Hungary Museum of Hungarian Agricuture Vigado Concert Ha GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 06

7 EDUCATION IN BUDAPEST, HUNGARY Education in Hungary is predominanty pubic, run by the Ministry of Human Resources. Preschoo and kindergarten education is compusory and provided for a chidren between three and six years od, after which schoo attendance is aso compusory unti age of sixteen. Notabe Coeges & Universities Budapest University of Technoogy and Economics Centra European University Primary education usuay asts for eight years. Secondary education incudes three traditiona types of schoos focused on different academic eves: the Gymnasium enros the most gifted chidren and prepares students for university studies; the secondary vocationa schoos for intermediate students asts four years and the technica schoo prepares pupis for vocationa education and the word of work. The system is party fexibe and bridges exist, graduates from a vocationa schoo can achieve a two years program to have access to vocationa higher education for instance. The Trends in Internationa Mathematics and Science Study (TIMSS) rated year-od pupis in Hungary among the best in the word for math and science. Corvinus University of Budapest Eotvos Lorand University Semmeweis University Szent Istvan University CONNECT WITH GMS Founded in 1987, Goba Mobiity Soution (GMS) is a goba corporate reocation services company that speciaizes in workforce mobiity. The company s corporate reocation services incude goba assignment management, domestic reocation management, and a range of pre-decision soutions. GMS is a perennia winner of the HRO Today Baker s Dozen customer satisfaction surveys, being named a top reocation provider in 2014, 2015, 2016, and Onine Resources Phone & Emai LinkedIn: Goba Mobiity Soutions info@gmsmobiity.com Baker s Dozen Customer Satisfaction Ratings RELOCATION 2017 Winner GLOBAL MOBILITY SOLUTIONS SPOTLIGHT ON BUDAPEST 07

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