The British Chamber of Commerce in Hungary (BCCH) has been recognised as a COBCOE Quality Standard certified chamber.
To achieve this recognition, the Chamber has successfully met the COBCOE Quality Standard requirements in key areas of its operations. These include governance, staff development, financial management, membership development, partner engagement, events programme, trade development, corporate social responsibility and communications.
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."
Support schemes under the current EU funding cycle (2014-2020) have either recently been launched or will be launched this spring. The government’s stated objectives are to speed up the contracting of the funds available for Hungary in this programming period. Therefore, there is obvious interest among business, including Commercial Chamber members, to learn about the avenues of developing and joining projects and partners running for support under various funding schemes.
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.
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.
Demonstrating that corporations no longer have to choose between ‘profit and planet', GE has delivered a cash-positive lighting infrastructure upgrade for the UK business of global banking institution Santander.
(SAN FRANCISCO – February 22, 2016) – Squire Patton Boggs and California-based Carroll, Burdick & McDonough today announce that they have reached a definitive agreement to combine firms.
The combination will create the world's premier product quality, brand protection and compliance practice, joining together Squire Patton Boggs’ leading global platform of over 1,500 lawyers spanning 45 offices in 21 countries in the Americas, Asia Pacific, Europe and the Middle East, with Carroll Burdick, a complex litigation and products risk management powerhouse with over 50 lawyers on three continents.
We are delighted to announce that First Title Insurance plc, a BCCH Member, has won ‘Professional Service Provider of the Year’ at EuropaProperty’s 8th annual CEE Retail Real Estate Awards Gala, which took place at Warsaw’s InterContinental Hotel.
These high-profile awards are recognised by the retail and commercial real estate market as the benchmark for retail success in CEE and the awards recognise and reward contribution to the development of the retail commercial real estate market throughout the CEE region. The award for ‘Professional Service Provider of the Year’ was considered by an independent jury comprised of experienced real estate professionals and it found that First Title Insurance lead the way in 2015.
There are a number of changes to the accounting and tax legislation of Hungary came into effect on 1 January 2016. To give you an overall view of these changes, TMF Group has summarized the articles we have recently published on our website.