The mobile service providers have frame agreements with their strategic partners for 1-5 years. Conditions are renegotiated annually. Procurement is generally by open tender. Because of a worsening current account the government moved to a crawling peg devaluation exchange rate policy in March 1995. The usual methods of payment are transfer or cash against documents, with 30 days deferred payment after delivery.
Advance payment is also preferred involving discount on the price.
Citibank, Banker's Trust and General Electric Capital Credit, through its subsidiary, Budapest Bank, provide commercial banking services in Hungary. Hungary is eligible for all US EximBank programs available to American equipment exporters. Mr. Istvan Fodor, President and CEO Hungaria krt 162. 1519 Budapest, POB 425. Inc. Mr. Istvan Mosoni, General Director Dorogi ut 5-7.