uSchool is a unique educational programme, teaching high school students how to bring entrepreneurial ideas to life. Our goal is to provide an environment where students can complete their very first entrepreneurial project and through that they gain invaluable experience. The programme strengthens not only their business skills but also those soft skills that are crucial for their success in the future, regardless the area they will be working in. Students are guided by mentors and meet weekly in groups of 10-15, these student entrepreneurship groups are called clubs.
The programme was launched in Hungary in 2015, with the participation of 5 high schools in Budapest and 12 entrepreneur mentors. uSchool has a proven track record enhancing the educational system in Slovenia in the past 6 years where more than 3500 students have graduated from the programme. In 2015, the programme ran successfully in Poland as well.
This year, uSchool Hungary is working with a slightly different model from last year, where companies will be more actively involved in the program’s execution.
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. Thanks to such companies as GlaxoSmithKline Hungary, KPMG Hungary, Marks&Spencer Hungary, FirstMed Centers, Santa Fe Relocation and Lineo International Consulting Kft., who were generous enough to sign up and take part in the programme, the implementation of the work at these below-mentioned facilities has already started to take shape. We very much look forward to receiving more company applications for the programme, so with the help of our members, we can truly light up these children’s worlds with some joy and hope.
In her speech on 17 January 2017, Prime Minister Theresa May set out the UK's vision for the future EU-UK relationship and the core objectives for it.
"A little over 6 months ago, the British people voted for change.
They voted to shape a brighter future for our country.
They voted to leave the European Union and embrace the world.
And they did so with their eyes open: accepting that the road ahead will be uncertain at times, but believing that it leads towards a brighter future for their children – and their grandchildren too.
And it is the job of this government to deliver it. That means more than negotiating our new relationship with the EU. It means taking the opportunity of this great moment of national change to step back and ask ourselves what kind of country we want to be.
My answer is clear. I want this United Kingdom to emerge from this period of change stronger, fairer, more united and more outward-looking than ever before. I want us to be a secure, prosperous, tolerant country – a magnet for international talent and a home to the pioneers and innovators who will shape the world ahead. I want us to be a truly Global Britain – the best friend and neighbour to our European partners, but a country that reaches beyond the borders of Europe too. A country that goes out into the world to build relationships with old friends and new allies alike.
I want Britain to be what we have the potential, talent and ambition to be. A great, global trading nation that is respected around the world and strong, confident and united at home."
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.
CMS advised the Belgian real estate developer ATENOR on the sale of two buildings in the Váci Greens complex in Budapest. Building A, which was finished in September 2013, contains 15,700 m² of office space, 88% leased to various tenants of repute (General Electric, Sykes, Enterprise, BNP Paribas Real Estate, Budapest Bank), while Building C was completed in June 2015 and comprises 18,500m² office space, fully let to General Electric.
The Váci Greens complex, started in 2008 by Atenor, includes six Class A office buildings with a total surface area of over 120,000 m². The complex, ideally located in the heart of the highly dynamic Váci Corridor business district has obtained the "BREEAM Excellent" environmental certificate. The investment market has been recently very active in Budapest and various investors demonstrate a strong interest for the purchase of Building B (25,300m², 65% let) of the complex as well.
The CMS team assisting Atenor included Partner Gábor Czike, Senior Counsel József Várady and Lawyer László Jókay.
CMS has advised China CEE Investment Co-operation Fund and CEE Equity Partners on their acquisition of 99.9% of Magyar Telecom B.V.’s holdings in the Invitel Group, including INVITEL Távközlési Zrt., INVITEL Központi Szolgáltatások Zrt., Invitech Megoldások Zrt. and Invitel Technocom Kft.
Invitel Group has an enterprise value of €202 million, and focuses on residential fiber developments and converged B2B IT-telco solutions. The transaction is estimated to complete in the second half of February, upon Competition Authority approval.
The CMS team assisting CEE Equity Partners and the China CEE-Fund was led by Anikó Kircsi, Partner, Head of Corporate/M&A and included Gábor Gelencsér, Senior Counsel from the corporate team. On the competition side the team was supported by Dóra Petrányi, Partner, Head of Competition and Szabolcs Szendrő, Senior Associate.
Szecskay Attorneys at Law was awarded the 'Hungarian Competition Law Firm of the Year' award at the first ever Lawyer of the Year Awards to be held in Hungary. The award was founded by Wolters Kluwer in 2016. Winners were announced at the gala ceremony at the end of the year. Szecskay Attorneys at Law won Competition Law Firm of the Year, while the other applicants in this category were CHSH, CMS and Schönherr.
Dr. András Szecskay, managing partner, and Dr. Anikó Keller, head of the Competition practice, were awarded the trophy for an innovative, tailor-made competition compliance programme that they prepared for a multinational, which proved to be a very effective tool in multiple cases that the company had involving the Hungarian Competition Authority.
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.
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.