Hungarian British Business Association Leads Trade Delegation to Budapest

Trade

Co-founders Susanna Toth and Alireza Yaghmaei

A London-based business organization founded in January of this year to promote trade between Britain and Hungary will be hosting its first field trip to Budapest from October 5-7.

The Hungarian-British Business Association was created to encourage connections between business leaders in the United Kingdom and Hungary and to support companies and individuals looking to invest, who have an interest in growing their exposure to a new audience, or who are considering this country as a destination to sell their services or build an offshore center.

Describing the business trip as its “flagship event of 2022,” the HBBA says the visit will include a cruise on the River Danube, meetings with senior British and Hungarian business leaders, lots of networking, and a visit to the House of Parliament in Budapest. It is being organized in cooperation with the Embassy of Hungary in London.

“This exclusive trip will take in the cultural highlights of Budapest whilst creating an environment where delegates can learn about doing business in Hungary. With direct access to ministerial officials, the itinerary will include a series of in-depth business seminars, including subject matter keynote speakers about developing important business links between the U.K. and Hungary and Central Europe,” according to an HBBA statement.

The association says the event will be of specific interest to business leaders in technology, innovation, startup, business services, corporations, investment and private equity.

Originally from Budapest, co-founder and chairwoman Susanna Toth said, “We are seeking to provide direct connections for export-import partners [.…] through promoting [both] Hungary and the U.K. as favorable destinations for companies to invest, set up and establish their businesses. We encourage interested parties to visit Budapest, whether interested in technology or any other field of business.”

Alireza Yaghmaei, co-founder and chairman, added: “Budapest is [at] the heart of Central Europe and an ideal location for establishing your business and making strategic regional connections. On our trip, we hope to facilitate the connections between more than 100 British and Hungarian businesses. Your network is your net worth.”

Flying the Flags

The HBBA represents Hungarian, British, and international companies that follow what it calls “British business values.” It works to promote trade and investment flow between the two countries, providing support and promotion for business expansion. Honorary members include the Hungarian ambassador to the United Kingdom, Ferenc Kumin, Paul Fox, the British ambassador to Hungary, Judit Czakó, investment and trade commissioner at the Embassy of Hungary, and honorary chair, author Peter Wilcock.

The HBBA provides its members with opportunities to raise company profiles and strengthen competitiveness in the U.K. and on international markets through various events, publications, and information exchange, such as knowledge transfer for SMEs. HBBA members are helped in finding opportunities for regional partnerships through connections and business services from other, more experienced members and the London Chamber of Commerce and Industry.

To learn more about the HBBA, visit its website hungarianbritishbusinessassociation.co.uk or its LinkedIn page. The deadline for buying tickets for the Budapest trip is September 15. Interested parties should contact info@hungarianbritishbusinessassociation.co.uk

This article was first published in the Budapest Business Journal print issue of September 9, 2022.

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