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Chamber of Commerce Corner, January 27, 2023

In Hungary

This regular section of the Budapest Business Joutrnal features news and events from the various international chambers of business. For further information and to register, visit the website of the organizing chamber. If you have information for inclusion on this page, send an email in English to our editorial assistant, Annamária Bálint, at annamaria.balint@bbj.hu

Economic Outlook for Hungary 2023

The French-Hungarian Chamber of Commerce with its partners, Swisscham, the Swedish Chamber of Commerce, Belgabiz, Dutcham and the Joint Venture Association (JVSZ), hosted its year opening Business Lunch with Minister for Economic Development Márton Nagy, on January 24 at the Kempinski Hotel Corvinus Budapest.

After greetings from chamber president László Károlyi and Ágnes Ducrot, its director, the Minister Nagy presented his economic perspectives of Hungary for 2023.

He said the year holds many economic challenges; however, recession must be avoided and the government will maintain innovative economic policy to that end. He emphasized that Hungary’s economic growth remains export- and investment-driven, for which a new financing structure and a new energy, industry, and employment policy must be established.

The system of strategic sectors must also be reconsidered, and a stronger sectoral and territorial focus is needed. Priority sectors include the automotive and battery production, the health and pharmaceutical, energy, and food industries, R&D and higher education, transport and logistics, telecommunications, tourism, electronics, the banking and insurance sectors, and military industry.

The conference, held in English, brought together numerous member companies of organizing chambers from diverse sectors as well as ambassadors of the represented countries.

Affordable Energy, Future Sources

The French chamber will be hosting its upcoming “Hot Topic” business breakfast with Dr. Barbara Botos, Ph.D, Ambassador-at-large for Climate at Ministry for Energy on the energy sources of the future, discussing “Affordable Energy and Energy Sources of the Future.”

March 7, 9-11:30 a.m. Registration from 8:30 a.m. • Venue: Kempinski Hotel Corvinus Budapest, Erzsébet tér 7-8, 1051 Budapest • Admission: Members HUF 25,000 + VAT; non-members HUF 37,500 + VAT.

BCCH CEO Dinner Returns

The British Chamber of Commerce will hold the first of its 2023 CEO Dinners, its longest-running marquee series, on February 28 at Párisi Udvar, where Martino Grazzi, managing director of GSK in Hungary, will be the guest of honor.

GSK is a previous long-time partner of the BCCH and recently re-joined. Grazzi will discuss the current trends and challenges affecting the pharmaceutical industry locally and globally. The chamber says the format of the event includes the now traditional luxurious three-course dinner with wine and welcome drinks while hearing from one of the industry’s foremost professional’s views on current developments. BCCH chairman Duncan Graham will make the opening remarks to the event.

February 28, 6-8 p.m. • Registration from 5:30 • Venue: Párisi Udvar Hotel, Petőfi Sándor u. 2-4, Budapest, 1052 • Admission: Members HUF 25,000 (incl. VAT); non-members: HUF 35,000 (incl. VAT)

Swisscham Networking Café

Párisi Udvar is becoming something of a busy venue for chamber events. The Swiss-Hungarian Chamber of Commerce will hold its Swisscham Networking Café at the hotel on the morning of February 8. An event with a similar title was held for the first time last year and is being brought back in 2023. The event will begin with short (two or three minutes) introductions of 10 Swisscham members (newly joined and long-time members) and continue with an informal discussion, allowing for valuable networking. Members who would like to use the opportunity to introduce themselves should indicate it when booking.

February 8, 9:30-noon • Registration from 9 a.m. • (Booking deadline February 6) • Venue: Párisi Udvar Hotel, Petőfi Sándor u. 2-4, Budapest, 1052 • Admission: Members free; non-members: HUF 10 000 / person (0% ÁFA) • (Participation is free for one person per member (company), HUF 5,000 (0% VAT) / person for additional participants)

Dutcham Winter Business Lunch

The Netherlands-Hungarian Chamber of Commerce will host its Dutcham Winter Business Lunch on February 21 at the Axis Café & Lounge. This is an informal event to network, build connections, and discuss business topics over a nice lunch. Simply join a table for an engaging discussion.

February 21, noon - 2 p.m. • Venue: Axis Café & Lounge, Crowne Plaza Budapest, Váci út 1-3, 1062). • Admission for members: HUF 5,900 (+ VAT); non-members: HUF 7,900 (+ VAT). • The fee includes the three-course daily business menu and mineral water.

Inclusive Leader Workshops

A couple of days later, Dutcham will hold the first of its Inclusive Leader workshops. Based on the chamber’s successful spring-summer series from last year, these leadership and EQ workshops are designed for those who want to become more effective leaders, grow themselves and others, and contribute to outstanding business performance.

The events also provide excellent opportunities for self-development for newly appointed leaders or key talents in member organizations. The workshops offer development opportunities through experiencing and practicing behaviors in critical inclusive leadership and EQ areas.

The workshops are run on two four-hour Friday morning sessions in a small group of a maximum of 10 participants. Learning is practical and fun and happens through sharing and practicing real-life business situations. Skills practiced are immediately applicable on the job or outside work. The workshops are facilitated by Andrea Bujdosó, Dutcham board member, executive advisor and coach.

Workshop dates: 1st occasion, February 24, 2nd occasion, March 24. • Both events run from 9 a.m.-noon, 09:00-12:00. • The participation fee for the two occasions is HUF 69,900 (incl. VAT and catering). Only open to member companies. • The language of the workshops is Hungarian or English based on the group’s composition and participants’ preferences.

Super Bowl LVII Watch Party

In line with its long-standing tradition, on the evening of February 12, AmCham Hungary will again organize its Super Bowl Watch Party to follow the game in real-time.

Super Bowl, which was first organized at the end of the 1960s, has grown into one of the most important sporting events. With around 100-110 million viewers worldwide each year, it is among the most-watched American television broadcasts. It has also become a cultural phenomenon, with some of the world’s most popular musical artists performing at the halftime show. 

The AmCham watch party will take place on February 12 at a special location in the former Marionett Beer House, at Budapest Marriott Hotel and feature a special buffet including classic buffalo wings, pulled pork sandwich and football cookies. Participation requires prior registration.

February 12, from 11 p.m. (game starts after midnight) • Venue: Former Marionett Beer House, Budapest Marriott Hotel, Apáczai Csere János u. 4, 1052 Budapest (entrance from the Vigadó tér) • Admission: Members only, HUF 15,000 + 8% service charge (including VAT) / person. • Registration deadline February 3, 5 p.m.

Canadian Business Breakfast Series

The Canadian Chamber of Commerce in Hungary will hold the next session of its Business Breakfast Series, “Good Design – Good Business.” The topic is presented by brand strategist David Robák and lead designer Levi Fignár, founders of the internationally awarded Next Ship, a brand strategy, design and communication business based in Budapest.

Standing out as a business has become incredibly difficult. What are the tools that business owners need to invest in to stay relevant? How do we stay on the surface of this ocean of information and navigate towards our goals? Can we catch the next ship towards the horizon? How does good design results in good business? Breakfast and coffee, business networking and a tour of Presidential Suite are included in the event.

February 15, 8:30-11 a.m. • Venue: The Ritz Carlton Budapest, Erzsébet tér 9-10, 1051 Budapest • Admission: Members HUF 21,500 (incl. VAT), non-members HUF 26,500 (incl. VAT) • Parking not included in the fee.

Crisis-resistant Business Strategy Consultation

The German-Hungarian Chamber of Industry and Commerce is offering SME members the opportunity to attend an in-house event held by consulting experts of 3rdGEN on developing crisis-resistant business strategies and planning processes using the Canvas business model.

February 8, 9 a.m.-12:15 p.m. • Venue: Wirtschaft - House of German-Hungarian Economy, Lövőház u. 30, 1024 Budapest • Admission: Members, free of charge; non-members: HUF 14,900 + VAT.

Breakfast With Minister Nagy

Business executives will have the opportunity to discuss pressing issues of the Hungarian and European economy such as inflation, the energy crisis and labor shortages during a Business Breakfast with Márton Nagy, Minister of Economic Development. He will present the government’s view on these topics and answer questions from the audience. With English-Hungarian simultaneous interpretation.

February 14, 9-11 a.m. • Venue: Hotel Corinthia, Erzsébet krt. 43-49, 1073 Budapest • Admission: HUF 16,900 + VAT / person (includes breakfast)

This article was first published in the Budapest Business Journal print issue of January 27, 2023.

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