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.
On Oct 21, the Swedish Chamber of Commerce held a well-visited webinar titled ”Outlook on the Hungarian macroeconomic climate”.
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 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
Visit SCCH Events!
In order to straighten commercial, research and cultural relations between the two counties SCCH is offering the following events for the members:
SCCH Social events: Lucia Day Celebration, Gran Gala, Gran Week (during which forums are organised for University students), exhibitions, design and other cultural events in cooperation with Business Sweden, Budapest city and members of the SCCH etc., wine tasting, Golf Tournament, Business Luncheons with guest speakers, Annual meetings
Joint social events: Business Forum – meetings with members of other Nordic communities and Chambers, specialized workshops HR / PR / FIN / legal etc., joint business luncheons with other Chambers and associations ( SPEED BUSINESS FORUM etc.)
Member events: factory visits, HQ-visits, cooking academy, champagne tour, wine tour, study tours, Suppliers Business Forum
SCCH EVENT CALENDAR
Preferred Legal Advisor of the Swedish Chamber of Commerce
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