New research gives European businesses a voice on Brexit concerns
The Council of British Chambers of Commerce in Europe (COBCOE) has published research that gives new perspectives on Brexit from businesses operating in Continental Europe. The report, Brexit – the voices of European business, identifies key areas of common interest and also sets out priorities for a Brexit that secures prosperity for Europe.
A key message from the research is that business leaders across Europe feel that governments and Brexit negotiators are not listening to them and that they need clear signals from the EU and UK that will allow them to plan. Uncertainty about the process and outcome of Brexit negotiations, coupled with a potentially short timeframe for change, is already impacting investment and commercial decisions. Managing the risk that this uncertainty presents is also a drag on productivity, while wider policy progress,such as the development of the digital economy, could be delayed by the focus on Brexit.
COBCOE is presenting the report to the UK Government Department for Exiting the European Union and European Commission Taskforce on Article 50 Negotiations with the United Kingdom at meetings scheduled during September 2017. The report will also be launched at an event in London on 25 September.
The Diplomacy & Trade Magazine has sat down with BCCH Chairman Vazul Tóth, Executive Director Csilla Csurgai, and British Business Centre Manager Oliver Strommer. They have talked about how the Chamber and the Centre operate hand-in-hand, principles and business values, interest in Hungary, a little bit of Brexit and post-Brexit outlook, the division of tasks, and much more.
This is the fifth year that Budapest Airport has organised its hugely successful charity running race, the Runway Run, an event unique in the whole of Europe. As every year, the BCCH has participated in the bud:runway run 5.0 once again, and boy oh boy, it was loads of fun! All of the BCCH runners, Council Member Dennis A. Diokno, Executive Director Csilla Csurgai and British Business Centre Manager Oliver Strommer performed excellently. Special thanks go to Kam Jandu from the BCCH Council for helping us complete the registration, it goes without saying that we could not have taken part in such a lovely initiative! Please click here to read the full press release in Hungarian by clicking here.
Please be informed that the British Government published its proposal on customs as first in a series of position papers focusing on the future of the UK’s relationship with the European Union.
The United Kingdom wants to build a new, deep and special partnership with the European Union. This paper is part of a series setting out key issues which form part of the Government’s vision for that partnership, and which will explore how the UK and the EU, working together, can make this a reality. Each paper will reflect the engagement the Government has sought from external parties with expertise in these policy areas and will draw on the very extensive work undertaken across Government since last year’s referendum. Taken together, these papers are an essential step towards building a new partnership to promote our shared interests and values.
After the Hungarian final event of the BCCH-uSchool Entrepreneurship Club, the uSchool year has not ended at least for two teams who got the opportunity to travel to Slovenia on the 30th of June and compete with the Slovenian finalists.
The preparation of the two teams – Orient, whose mission is to introduce high schoolers to their education options, thus helping them find their passion, and PhotON, which is an online platform that connects customers with photographers whatever the job they are looking for - continued further on during the summer, both teams developed their products, business models and pitches.
I would like to let you know that the Chamber is currently open, however, we are not holding any events throughout the summer. We very much look forward to seeing you at our autumn events starting from September! Congratulations to all Hungarian and British athletes for collecting 20 medals at the 17th FINA World Championship, Team GB 11 medals and the HUNbelieviable Team 9 medals, achieving 5th and 9th place respectively!
I am honoured to have been reelected as Chairman of the British Chamber of Commerce in Hungary for my third term and also delighted that Ms Judit Iglódi-Csató and Mr Árpád Balázs have agreed to become Vice Chair and Treasurer for the next two years. We, together with the newly-elected Council, look forward to serving you in our roles.
I am delighted that now, as the UK redefines its relationships with the EU, our members have elected representatives of significant British companies operating in Hungary to our new Council. At the beginning, Council members, each an expert in a specific field, have teamed up in work groups so they can focus on different sectors with joint efforts over the next period, so more and more emphasis will be placed on strengthening bilateral synergies and thus we can transform our strategy and some of our events. The Council is determined to play a key role in redefining and facilitating the new relationship between the UK and Hungary.
The new Council of the BCCH was invited for lunch by Her Majesty's Ambassador to Hungary, HE Iain Lindsay OBE at his residence. They discussed new business opportunities in Hungary and some key strategic points on how to promote trade and investment flow even better between the UK and Hungary.
A három hónapos BCCH-uSchool vállalkozói klub az üzleti gondolkodásra készítette fel a 12 középiskolából érkező 22 diákot. A középiskolások gyakorlati képzésen keresztül ismerhették meg, miként tudnak eljuttatni egy ötletet a megvalósításig. A program során a 17–18 éves tanulók belekóstoltak a projekt- és üzleti tervezésbe, a marketing és sales alapjaiba, a csapatmunkába, de ami a legfontosabb, megtanulták, hogyan kell prezentálni egy hónapokon át fejlesztett projektet, és képviselni önmagukat. A diákok munkáját olyan nagyvállalati mentorok és fiatal vállalkozók segítik, akik több éves tapasztalattal rendelkeznek az innováció területén.
Soha nem látott munkaerő-piaci verseny zajlik a legjobb munkavállalók megszerzéséért és megtartásáért. Mit tehet azért egy vállalat, hogy kiváló szervezetként, vonzó munkahelyként tekintsenek rá a munkavállalók?
Május 9-én az Investors in People Hungary és a Magyarországi Brit Kereskedelmi Kamara (BCCH) második alkalommal adta át a Magyarország Legkiválóbb Vállalatai díjakat. A programot a két szervezet 2016-ban indította. A nemzetközi viszonylatban is legfigyelemreméltóbb szervezeti megoldások díjazásával a szervezők célja az, hogy követendő példaképeket állítsanak a hazai gazdaság szereplői elé, és olyan közösséget hozzanak létre, amely segíti a legkiválóbb gyakorlatok megismertetését, terjesztését.
We are thrilled to announce that the British Chamber of Commerce in Hungary is the proud winner of the award for excellence for Corporate Social Responsibility (CSR) at the COBCOE Awards Dinner 2017.
The explanation during the award ceremony why our Chamber was chosen as the award winner this year was: "This chamber interconnects its CSR focus with all chamber activities, particularly events. Its CSR work is very much people-oriented, with a focus on youth and children, and has given 25% of the money raised at its CEO dinners to charity."
We feel incredibly honoured, we have worked really hard on our CSR strategy; this year, the BCCH teamed up with the Social and Guardianship Bureau (Szociális és Gyámhivatal) to engage in several charitable undertakings through which we would like to help children under the care of three institutions. The implementation of the work at these children’s home member companies could choose of (Bokréta Lakásotthon és Gyermekotthoni Központ, Bolyai Gyermekotthoni Központ and Cseppkő Gyermekotthon) has already started to take shape.
uSchool and the BCCH have entered a strategic partnership, by which the two parties organise entrepreneurial clubs to provide a basis for secondary school students to realise ideas, as well as promoting business thinking. The exciting uSchool programme, the joint Entrepreneur Club, was introduced this year, intending to teach high school students a ‘Startup mentality’, they can harness during their university years and careers.
In the past three years, 25% of our CEO Dinners series' participation fees has been donated annually to the National Ambulance Service Foundation.
We truly hope that we will be able to celebrate this great success with all of you at our upcoming Annual General Meeting on Wednesday, 24 May 2017 at the renowned Budapest Marriott Hotel.
Photos of the awards ceremony can be found by clicking here, with the password london.
CMS advised NEPI Rockcastle plc on the acquisition of Arena Plaza shopping centre in Budapest, through buying all the issued shares in, and claims against, Symmetry Arena Ingatlankezelo Korlatolt Felelossegu Tarsasag, the owner of Arena Plaza.
With a gross lettable area of 66,000m2, Arena Plaza is the second largest retail centre in Budapest and its EUR 275 million acquisition is considered to be one of the biggest Hungarian real estate transaction this year.
Real Estate team included Partners Gabor Czike and Jozsef Varady and Senior Associate Andras Klupacs, Associate Zsofia Zsurzsa, Trainee Aniko Szucs, and Lawyer Laszlo Jokay. The CMS Budapest Banking team representing the banks (as sellers of the senior loan receivable) in the framework of a Chinese Wall arrangement included Partner Erika Papp and Senior Associate Dorottya Varga-Giesz. Corporate law matters were covered by Partner and English law specialist Eva Talmacsi and Senior Associate Zoltan Poronyi.
Held on 1st June of 2017, the opening ceremony of Hilton Budapest’s Ballroom marked the completion of Phase 3 in the hotel’s comprehensive renovation project. As a result, the first floor of the building now offers a completely renovated Ballroom as well as a modern conference centre satisfying all needs. As far as the interior of the Ballroom and the related conference and meeting rooms were concerned, British design house Goddard & Littlefair was tasked with creating spaces fully in line with the existing image while also meeting the requirements of Hilton Budapest’s elegance and the business sphere. Another important aspect was that the multifunctional rooms may be used in variable size distribution so that they could be suitable for business meetings as well as private events. The renewed Ballroom is a perfect venue for gala dinners, conferences or other events as its 510- sqm size and 600-person capacity meets any demands. Equipped with cutting-edge audiovisual systems such as BOSE audio, professional data transmission devices and high-resolution screens, the Ballroom also has new furniture, curtains and carpets that match the elegance of any high-key event.
In addition to the Ballroom, the grand meeting room, which can be subdivided into three rooms (Endre, Béla, Levente), the separate conference room (Gizella) and four other Boardrooms have all been renewed as well. With a total area of 104 sqms and a capacity for as many as 106 participants, Endre-Béla- Levente meeting rooms are 35 sqms each. The enormous windows of the rooms offer a magnificent view on the Matthias Church. Ideal for meetings with 10 participants, the renovated Boardrooms provide user-friendly, touch-screen- controlled lighting, projector and audio technology along with window shading designed to fully shut out external lights. Owing to the high technology applied, guests can follow each moment of the Ballroom via the 60 inch smart HDTV sets installed in the rooms. With their views on the Parliament or the Dominican yard, the elegant air-conditioned rooms couple comfort with technical solutions.
Whether you are entering Central and Eastern Europe for the first time or simplifying your existing operations, TMF Group can give you a QuickStart.
The Central and Eastern European (CEE) region offers business opportunities for companies of all sizes and across all industry sectors. It boasts domestic market stability, lower-than-EU-average tax rates and favourable tax environments.
CEE has been developing at a faster pace than Western Europe and is considered one of the growth engines of the EU economy. The Czech Republic, Hungary, Poland, Romania and Slovakia are set to remain among the fastest-growing economies in the EU for years to come.*
Budapest, 18 April 2017 - Kempinski Hotel Corvinus has refurbished the entire first-floor meeting and events area, making its MICE offering the most innovative and unique by introducing the latest technology and design in the local market. Not only has available space-grown, but also creative opportunities!
The objective was to bring the same quality of contemporary glamour as the recent transformation of the hotel’s public areas. The project has been managed in two phases. The first phase, taking place in summer 2016, saw the ballroom and associated areas benefit from a gentle redesign; phase two, which is on site as of April 2017, involves significant internal reconfiguration of the function rooms as well as new design schemes. Together, the works optimised the potential of this floor and created the level of experience commensurate with the Kempinski brand. Throughout, the design narrative by MKV Design followed the principles and aesthetics of the ground-floor public areas.
New high-quality events furniture such as chairs, tables and desks of various sizes have been sourced from Brunner Germany, known for its smart products and top functionality. At the same time, the chefs have more opportunities for an updated gastronomic presentation, adding even more creative and healthy inspiration to the banquet menus. The Hotel’s contemporary art collection has acquired new pieces, to decorate the new events floor.
CMS Budapest promoted its senior counsel József Várady to a partner of its real estate group.
József has been working at CMS Budapest for over 14 years, where he has been involved in several real estate transactions and advised major Hungarian and international clients on real estate projects and litigation matters related to the sector. He also has significant experience in corporate and financing transactions and tax matters.
„I am delighted to take a partner role within CMS. It is exciting times now in the real estate sector in Hungary and across the region and my priority as the new partner is to help further develop our No.1 real estate practice and keep servicing our clients to the highest standards” – said József Várady.
The appointment is part of the joint partner promotions of CMS, Nabarro and Olswang, involving 48 partners in 26 offices. The three firm have completed their merger on 1st of May, creating the world’s sixth largest law firm by lawyer headcount. CMS Cameron McKenna Nabarro Olswang is now present in 39 countries with 70 offices.
Gábor Czike, Head of Real Estate at CMS Budapest’s commented: “As our firm grows bigger and bigger, we also have to ensure the continuous growth of leadership and over the past years József has proven himself many times as an exceptional lawyer and a leader. His promotion not only reflects the invaluable contribution he has made to the firm but also our commitment to further invest into the real estate practice.”
Budapest, 2017. árpilis 4. – Tóth Viktort, a Budapest Bank eddigi vállalati üzletágvezetőjét bízta meg a vezérigazgatói feladatokkal április 1-től a bank tulajdonosa, miután a korábbi vezérigazgató, Zolnai György március 31-én távozott a pénzintézet éléről. A korábbi vezérigazgatói és elnöki hatáskörök megtartása mellett a tulajdonos április 1-től Dr. Lélfai Koppányt, az MFB vezérigazgató-helyettesét nevezi ki a Budapest Bank igazgatótanácsának elnökévé, aki jelenlegi pozíciója mellett látja majd el az elnöki feladatokat. A tulajdonos a Budapest Bank felügyelőbizottságának elnökévé Bernáth Tamást, a Magyar Fejlesztési Bank elnök-vezérigazgatóját nevezte ki.
Tóth Viktor, a bank eddigi vállalati üzletágvezetője és vezérigazgató-helyettese kapta meg a tulajdonos bizalmát, és megbízott vezérigazgatóként április 1-től irányítja a bankcsoportot. A vezető több mint 25 éves tapasztalattal rendelkezik a bankszektorban, 1998 óta dolgozik a Budapest Bankban, ahol karrierje során mind a vállalati, mind a lakossági üzletágban számos vezetői pozícióban tevékenykedett sikeresen. 2008-tól 2010-ig a bank vállalati üzletágának értékesítési vezetőjeként Tóth Viktornak jelentős szerepe volt a gazdasági kihívásokhoz való sikeres alkalmazkodásban, a vállalati ügyfelek elégedettségének megőrzésében. 2010. május 17-től a Budapest Bank vállalati üzletága, a Budapest Bank Business vezetője volt, vezetése alatt a bank kkv hitelkihelyezése – a csökkenő piaci trendek ellenére – folyamatosan növekedett