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.
The Professional Women's Association (PWA), Investors in People Hungary and the BCCH organised their joint event entitled "The Thousand Faces of Performance Conference at the Corinthia Hotel Budapest on 5 May 2016.
Her Majesty's Ambassador HE Iain Lindsay OBE stressed that "It is great to see that PWA and IIP work hard together to introduce successful, responsible and sustainable business values and share the most excellent organisational knowledge and practices in Hungary."
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.
For 2016, we would like to offer a new exciting initiative for our members. We are happy to announce the launch of the ”Coaching Excellence” Programme whereby one top management member, a C-level executive of every BCCH member company, such as a chairman/chairwoman, chief executive officer, managing director, president, executive director, executive vice president, and management members, may have the possibility to participate in a pro bono coaching programme.
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.
Catalina Susan was appointed the new General Manager for the Courtyard by Marriott Budapest City Center, joining from her role as Director of Finance at the Warsaw Marriott Hotel. She has experience gained over 10 years career with Marriott International holding various executive positions. Her previous positions included Senior Assistant Controller at the JW Marriott Bucharest Grand Hotel and at the Warsaw Marriott Hotel where she had the opportunity to lead the entire Finance Department as Director of Finance, too. She has comprehensive experience and knowledge in new business development, strategic planning as well as strong leadership. She is bringing an enviable level of quality, service and innovation for business and leisure travellers in the city. In her spare time, she loves reading, travelling, and gardening. She is a native Romanian and fluent in English.
The “sharing economy” companies that are emerging on the back of radical changes in consumer habits – Couchsurfing, Airbnb, Uber and their peers – have overturned entire sectors with their so-called “creative disruption” in the space of only a few years. We can safely say that they are associated with one of the most important global trends and success stories of recent years and, with all certainty, of years to come, and – although controversial – they are going to bring profound changes to our business environment. Certain sharing economy players have grown into global companies in the space of only a few years. In July 2015, according to an analysis by the Wall Street Journal, Uber’s value had topped 50 billion dollars, making it worth more than 80% of the S&P 500 companies, while Airbnb was valued at 24 billion dollars. A related study by PwC shows that while in 2013 the sharing economy companies in the five sectors where the new business model is the most prevalent earned sales revenue of 15 billion dollars, by 2025 this will have risen to 335 billion dollars, so half of the revenues in these markets will go to companies with a sharing-based model.