Who are i.e.SMART partners
Budapest Enterprise Agency (short name: BEA, former name: Budapest Foundation for Enterprise Promotion) was established by the Municipality of Budapest in 1993. The General Assembly of Budapest appointed the members of BEA’s Board of Trustees and Supervisory Board. The Board of Trustees is responsible for realizing the goals defined in the Deed of Foundation. The function of the Supervisory Board is to oversee the management and operation of BEA. The Board of Trustees is bound to report annually on the operation of BEA to its founders and publish its main business indicators for the year.
BEA was established to design and realize programmes that stimulate employment in the small and medium enterprise (SME) sector of Budapest. The mission of BEA, as stated in its Deed of Foundation, is to provide assistance to start-up and developing SMEs, to help them to achieve better performance through its management, training and consulting services, and to support and manage research and training projects analysing and improving the conditions of enterprises in Budapest.
The SME sector plays a significant role in the economy of Budapest. There are about 230 thousand joint enterprises, and 140 thousand self-employed sole-traders registered in the capital. Since the establishment of BEA, more than 160 000 enterprises requested its integrated SME development services.
One of BEA’s primary goals is to develop the entrepreneurial culture in Budapest, to broaden the knowledge of entrepreneurs on European policies and possibilities, and to enhance their competitiveness. The services of BEA regardless of sectors and competition are available for all enterprises seated or operating in the capital, but its primary target group is the SMEs of Budapest.
Through its Information Desk and consulting service, BEA helps the start-up SMEs of Budapest not financed by commercial banks by providing information on state subsidized funds and by offering microloans in order to make them reach new markets, to strengthen their capacity for job creation and retention, and to sustain their tax-paying capacity.
BEA enjoys the support of several experts from the universities of Budapest, and of highly qualified and experienced businessmen, especially from the field of finance and economy.
Budapest, the capital of Hungary is situated along the Danube, in the heart of the Carpathian basin. Hilly Buda, which comprises one-third of the city’s area of 525 km² is located along the right bank of the Danube surrounded by low mountains. Across the river sprawls flat Pest. The geology of Budapest has played a determining role in the city’s life over the course of history. Hot springs breaking through limestone mountains supplying water of 35-76 degrees centigrade gave rise to a flourishing culture of spas in the Roman Age and made Budapest one of the most popular spa cities of Europe
The population of Budapest is about 1.774 million, 17% of the country’s population.
Budapest is the economic centre of the country. All branches of its economy, except agriculture, have national significance. The economic transformation of the capital is driven by the dynamics of business, financial services and trade, with foreign investments being mainly directed to the services sector.
263,000 active businesses are located in Budapest (2002) which is 28% of the national figure. Although the problems following the economy's restructuring culminated here, it was the most flexible area to adjust to the new requirements.
In relation to Budapest's weight in the other industrial sectors, its importance in research and development is disproportionately high. More than two-fifths of the country's research establishments are located in Budapest, employing 53% of its researchers and receiving nearly two-thirds of the funds devoted to this sector.
The city leaders consider it their fundamental task to make Budapest a liveable and pleasant city. A place where local people and visitors can find a variety of leisure activities and entertainment. Walking around the city, visitors are lured by a multitude of cafés and restaurants with terraces, particularly in the increasing number of pedestrian zones.