Are the Tides Changing for German Companies in Hungary?

Conferences

File photo shows the March 7, 2023 CEO Breakfast Briefing.

Photo by DUIHK

For decades, German-Hungarian economic relations have thrived, to the benefit of all parties. But a string of recent articles in German, Austrian and Hungarian media have seemed to suggest that, if not over, a sea change is in sight.

A relatively weak Hungarian economy, high inflation, and restricted access to EU funding, with no sign of an end to that particular roadblock, are also not helping. The German-Hungarian Chamber of Industry and Commerce (DUIHK) has, through its research, identified a dichotomy between sectors in Hungary: Some still enjoy state support and subsidies, while others face much tougher restrictions and special taxes.

What do German companies, especially those close to Hungarian customers and market sentiment, think? Is change coming? Is it survivable? Should German investors consider cutting and running, or is it better to tough it out in the hope of a better tomorrow?

On the other hand, are these tensions simply an overreaction amplified by a lack of understanding at the bilateral political level?

These and other areas will be discussed at the DUIHK CEO Breakfast Briefing with the Budapest Business Journal, a moderated discussion with business representatives led by Robin Marshall, editor-in-chief of the Budapest Business Journal. Prior registration is required via the German chamber website; to do so, please click here.

Alteo Units Win HUF 9.4 bln of EU Funding for Battery Storag... Green Energy

Alteo Units Win HUF 9.4 bln of EU Funding for Battery Storag...

Improving Competitiveness 'Top Priority' of EU Presidency - ... EU

Improving Competitiveness 'Top Priority' of EU Presidency - ...

Nearly 40% of Teachers Use AI Innovation

Nearly 40% of Teachers Use AI

Sziget Tops Slingo Music Festival Ranking In Budapest

Sziget Tops Slingo Music Festival Ranking

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.