AmCham Hungary releases new Policy Agenda for 2021-2025

Analysis

The American Chamber of Commerce in Hungary (AmCham), a community of over 300 companies, representing 200,000 employees in diverse sectors, revealed its new Policy Agenda, the strategic guideline to the organization’s advocacy work for 2021-2025, according to a press release sent to the Budapest Business Journal.

The Policy Agenda – the third publication of its kind since 2015 - elaborates on those areas, where AmCham believes changes can and should be made to elevate Hungary. The document is based on input from members, analysis of the state of the economy, and the impact of COVID-19.

"We stand for US, international and Hungarian businesses that drive our economy. We advocate for their ability to invest, employ, grow, and succeed. We are optimistic that Hungary will emerge stronger after these challenging times and businesses will help lead the way," said Zoltán Szabó, President of AmCham Hungary.

The three main sections of the publication are:

SMART GROWTH – Maximizing the potential of the digital transformation, fostering innovation, and increasing productivity, while creating a more sustainable economy.

HUMAN CAPITAL – Transforming education to build a highly skilled, well-educated, resilient workforce and advocating for more flexible labor law and market regulations.

BUSINESS ENVIRONMENT – Advancing the formulation of a stable and transparent regulatory environment, a predictable and competitive tax system, and simpler administrative processes, while advocating for best practice governance and compliance. These pillars are broken into 70 policy recommendations in the full document. AmCham pledges to advocate for policies and regulations which support the recovery and growth of businesses and the creation of a more sustainable and competitive economy.

"As a community we understand our responsibility in shaping a healthy, sustainable, and competitive Hungary. It can only be achieved if we not only make recommendations to the government, but also pledge to activities and values ourselves. In the Policy Agenda we share our community’s commitments in the areas of Educating Future Generations, Leadership in Sustainability, Industry Cooperations and Promoting a Responsible and Transparent Business Culture," Szabó added.

The Policy Agenda is available online here.

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