The Swedish Chamber of Commerce in Hungary kindly invites you to our first HR workshop on COVID learnings and experiences on the 27th of January, 11 a.m.
Three HR Managers from our member companies, representing different sectors will discuss challenges and share experiences, gained during 2020 due to the pandemics, in the frame of an online panel discussion.
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SCCH CELEBRATING 25 YEARS COMMITMENT TO HUNGARY
|25 years ago, a few Swedish companies decided to confirm their commitment to Hungary by establishing the Swedish Chamber of Commerce in Hungary. Some of them had been here already since 1907, some of them arrived later, but what they have in common is that they brought partnerships, innovative solutions and products which greatly contributed to the economic growth of Hungary.|
Our celebration will highlight our innovative side of the companies and the value they have brought and how they and their products/services have developed and changed our everyday as a result.
Some will say, 2020 is a year that never existed and therefore should be forgotten. Others will argue that we will probably always remember it.
2020 has brought us learnings of transforming business models, persisting through various restrictions and finding new ways of doing things. We have greatly advanced our digital engagement capabilities and collaboration opportunities in an unprecedented leapfrog year which may not have happened otherwise. Our business leaders have been faced with new challenges on how to enable effective remote working and home office capabilities whilst having to drive continued motivation and team spirit. Others have had to reshape their whole working environment to observe pandemic regulations and to protect their employees and customers. This year has truly been an exceptional year for many reasons.
The pandemic has brought challenges to us as individuals, families and societies. Coming together as a community is therefore more important than ever.
Join us and the Embassy of Sweden for a digital Lucia celebration between 13th of December and 6th of January, where we support women and children whose lives became even more difficult!
We are happy to announce that the Swedish Chamber of Commerce in Hungary was among the first business associations together with AmCham, Swisscham and BELGABIZ, who signed the Conscious Business Culture Declaration of Bridge Budapest. “Swedish companies have been investing in Hungary for more than 100 years, where the key has always been to build long term business relations, along common values”, said Thomas Straumits, President.
|Thomas Straumits. Photo credit: Tamás Kovács
The Swedish Chamber of Commerce in Hungary (SCCH) aims to expand economic and commercial relations between Sweden and Hungary. Today, there are over 130 Swedish companies employing Hungarian talent and investing in the country. Many of these organizations are members of SCCH, including Volvo, Electrolux, Ericsson, ABB, and Sigma Technology, among others. Thomas Straumits is a newly elected President of the Chamber, and he is optimistic about developing cooperation between these two European countries.
21.10.2020 SWEDISH CHAMBER MACROECONOMIC OUTLOOK WEBINAR
Experts predict the Hungarian GDP to be back on 2019 levels by 2022
Over the past years the Hungarian financial indicators have exceeded the expectations, however recent challenges with COVID 19 have turned the economy up and down.
The survival of the national economy will depend on the ability of Hungary to appropriately react and proactively mitigate the impacts.
Macroeconomics has always been an important factor to consider for our Swedish companies in our business decisions how and where to invest.
On Oct 21, the Swedish Chamber of Commerce held a well-visited webinar titled ”Outlook on the Hungarian macroeconomic climate”.
Our moderator, Péter Felfalusi CEO of Intrum led the panel across a wide area of pre-submitted questions and topics with three distinguished experts:
Macroeconomics focuses mainly on three areas: GDP, unemployment, and inflation. They are managed by governments and central banks, who set the macroeconomic policies including fiscal and monetary policy to stabilize the economy and central banks using monetary policy to increase or decrease the money supply, and use fiscal policy to adjust government spending.
- András Vértes, Chairman, GKI Economic Research
- Sándor Jobbágy, Senior Macroeconomic Analyst, Concorde Securities
- Dávid Németh, Senior Analyst, K&H Bank
Our experts discussed their views on the national strategies during the 1st and 2nd wave of COVID-19 but also their projections on how the HUF would be impacted by these strategies over the next few years. While inflation in Hungary will continue to be in the 4% range, it is expected that our GDP will be back to 2019 levels by 2022.
What did the experts think about the “new future” after COVID -19?
The answer to that and many more questions can be found on this podcast which will be available for you until Nov 8.
The Swedish Chamber of Commerce in Hungary had the pleasure to hold its General Meeting at the BME University-Industry Cooperation Center (www.fiek.bme.hu
) on the 7th of October 2020.
The Swedish Chamber of Commerce in Hungary is happy to announce the new Board and Supervisory Board of the organization, based on the decision of the General Assembly 2020. The set-up of new and old board members will allow us to capitalize from past learnings and also get new perspectives on the Chamber.
Our “Team Sweden” is a strong and diverse community of around 130 Swedish companies employing almost 20000 citizens in Hungary. Sweden remains in the top 15 countries of Foreign Direct Investments and is recognized as one of the global leaders in innovation and sustainability. One key strength of our Chamber is the wide range and size of industries and sectors we are representing, ranging from Business to Business (B2B) to full reliance on Business to Customer (B2C) models.
There is a great partnership with the Swedish Embassy, Business Sweden and the Nordic business community. The Swedish values is a strong glue in our community, and role modelling the “Swedishness” could be an important platform where we can share and evolve our knowledge, best practices and learnings with our members, but also include the larger business community.
The new Management will work together to evolve the support, engagement and expansion of our business community. We are here to represent the interest of Swedish companies in Hungary and to ensure that our values and investments are well recognized. We intend to develop strong cooperation with other business communities and also with multiple ministries and governmental bodies. There could be interfaces with universities, the public sector, SMEs and NGOs in some projects.
Further evolving the visibility, communication platforms and network with a business focus will be another important aspect of our work.
Please read more about the new Management here.