BCCH Chairman Vazul Tóth sat down with the Budapest Business Journal for an interview, which was featured on the front cover of the latest edition of the paper.
"You don’t need to spend much time looking at Hungarian business news to realise there are now serious concerns about labour shortages in almost every sector and profession, all the way from engineers to cleaners. But Vazul Tóth, chairman of the British Chamber of Commerce in Hungary, celebrating its 25th anniversary this year, sees opportunities in such challenges." He also added: "Hungary and the UK have an extremely good relationship both on a trade and a political level. I think there will be lots of opportunities to build on that."
If you wish to read the full interview, please click here.
"This afternoon the Prime Minister welcomed Prime Minister Orbán of Hungary to Downing Street for a bilateral meeting."
"The Prime Minister reiterated that the UK intends to trigger Article 50 by the end of March and that we will play a full and active role in the EU until we leave."
"The leaders noted the strength of the bilateral relationship between the UK and Hungary, and that this would continue once the UK had left the EU."
"They discussed the rights of EU citizens living in the UK and the Prime Minister reaffirmed that she wants and expects to protect the status of EU nationals, but that British citizens’ rights in European member states must be protected in return."
"On migration, the Prime Minister laid out her position that we should ensure that refugees are hosted in the first safe country of transit; that we distinguish between refugees and economic migrants; and that all states have the rights and responsibilities to control their borders and accept returned illegal migrants."
Budapest, HU: Due to the stable economic environment, balanced legislation and a major consumer market, the UK is extremely attractive to small and medium-sized enterprises. The British Chamber of Commerce in Hungary and the British Business Centre and their co-organising partner, the Budapest Chamber of Commerce and Industry organised the Hungarian - British Business Forum on Thursday, 29 September 2016. The event was a success, with a high participation number. For the full press release in Hungarian, please click here.
IKR, the official distributor of Claydon Drills in Hungary held a press conference in Bábolna during the Bábolna Farming Days. The event served as a platform for practical demonstration and formal introduction of the new technology in Hungary.
The British Business Centre contributed to the market entry by providing professional guidance; linking the British company with the most appropriate and best potential partner in Hungary.
We did it! The BCCH team once again participated in the charity bud:runway run, which took place on Saturday, 3 September 2016 at Liszt Ferenc Airport Runway 1, courtesy of Budapest Airport. In spite of the 30 degrees Celsius heat, about a thousand runners completed the run. For the full press release in Hungarian, please click here.
Hungary has a medium-sized, high in come and open economy. Hungary has been a member of the OECD since 1995, the WTO since 1996, and the European Union since 2004. The service sector accounts for over 60% of GDP and its role in the Hungarian economy is steadily growing due to constant investments into transport and other services in the last 15 years. Situated in the heart of Central Europe, Hungary’s location plays a significant role in attracting investment into the country.
The British Chamber of Commerce in Hungary RECOGNISED AS AN INVESTOR IN PEOPLE
British Chamber of Commerce in Hungary, a non-profit organisation has been awarded the Investors in People accreditation, demonstrating their commitment to realising the potential of their people.
Investors in People Standard is the UK's leading accreditation for business improvement through people management, and provides a wealth of resources for businesses to innovate, improve and grow, with a focus on good people making great business.
Organisational quality paves the way to business excellence. We all need good examples to learn from. The Hungary’s Most Excellent Companies Programme, initiated by Investors in People in partnership with the British Chamber of Commerce in Hungary, awards organisations that apply best practice in specific organisational areas and are able to shape the business culture in Hungary, in line with the strict criteria of the Investors in People Standard.
Mária Dárdai joined CMS’ Budapest office as Head of Compliance Projects as of 3 October 2016. Prior to her new role, Dárdai used to serve as VP General Counsel, Compliance and Data Privacy Officer of UPC Hungary (Liberty Global) since 2009 following various key positions at ABB Hungary, Magyar Telekom and Nomura. Dárdai not only has vast experience in compliance investigations but she has a deep insight into the Technology, Media and Telecommunications (TMT) sector.
The CMS Guide to Greenfield investments in CEE is an easy-to-read guide which provides essential information to any entity which is considering opening or expanding a manufacturing facility or shared services centre in Central and Eastern Europe. It includes key information on governmental incentives which are available to investors and provides guidance on how to apply for such incentives. Furthermore, the guide sets out an overview of important taxation issues as well as employment law and real estate law considerations.
Dr. Imre Deák, CEO of Danubius Hotels Group retires at the end of 2016
Dr. Imre Deák has been the Chief Executive Officer at the company group since 2006. In the course of his career, he has first acted as general manager then was elected member of the management. During his assignment as CEO for a decade, the group faced several challenges and he always managed these changes confidently. Danubius Hotels Group managed to stay a strong and compatible company despite the fact that the sector was hit by several crises periods.
This May SEK Budapest Team participated in Cultural Intersek 2016 in Quito, Ecuador where the students had an opportunity to represent their country and school, meet students from different countries, and have a close encounter with the new culture.
SEK Budapest International School is a trilingual, English, Hungarian and Spanish private school that belongs to the IES / SEK chain of international schools. It offers challenging national and international educational programs like IB Diploma Program, student exchanges under the School’s International Program, and regular study tours to USA, UK, and Spain.
BT workforce in Hungary doubled to 2,000 employees in the last two years to serve multinational companies
The Hungarian Government and BT, one of the world’s leading providers of communications services and solutions, have signed a Strategic Cooperation Agreement, supporting the development of BT’s operation centres in Hungary. The agreement was signed in Budapest on May 13 by Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade, and by Zoltán Szabó, General Manager, and by Mária Grócz HR manager of BT’s Regional Operations Centre in Hungary. During the signature ceremony, BT also announced it had created 1,000 new jobs during the last two years, doubling the size of its local workforce: the number of BT employees in Hungary has now reached 2,000. The new roles at the operations centre in Hungary serve Global Services customers in multinational companies around the world.