Issue 06 | January 2010
Dear {firstName} {lastName},

This is the electronic newsletter of the British Chamber of Commerce in Hungary, where you can find the latest Chamber news. For more information about us, our ongoing projects and activities as well as advertising and membership options, you can always visit our website at www.bcch.com or contact us at +36 1 302-5200 / +36 1 302-5201 and bcch@bcch.com.
 
Best regards,
The BCCH team

Letter from the Chair

A look at what 2009 brought and what is on the agenda for 2010

The world and the economic environment have significantly changed during the months behind us and among a long series of items still being debated, one thing is for sure: most of the companies have faced challenges and some have faced serious ones in these times. Among these changes, BCCH strategy has remained the same, and in fact, has been confirmed: help members do, sustain and do more business. And not only business, but both EU and local political environments were changing in 2009. Voicing businesses' needs regarding competitiveness, predictability and transparency therefore were high on the agenda.
Upcoming event
Pancake Night

The BCCH will host an early celebration of Shrove Tuesday and Pancake Day on Tuesday, 9 February 2010, starting from 18:00 at the Corinthia Grand Hotel Royal. Shrove Tuesday is the day preceding Ash Wednesday, the first day of the Christian season of fasting and prayer called Lent. In the UK and Ireland, it is often known as Pancake Day, the reason for which is that making pancakes use up ingredients such as sugar, fat and eggs, whose consumption was traditionally restricted during Lent, so that is exactly what we are going to do, and hope that many of you will join us.

Portfolio.hu Analysis
Hungary could join the euro zone in four years - PM Bajnai

Hungary could join the euro zone in the next four years if the new government formed after elections due in April remains on the track of tight fiscal policy set by the current cabinet, Prime Minister Gordon Bajnai said. "If Hungary remains on this path, if we can keep the (budget) deficit this low, then we could be the first in the region among countries that do not yet have the euro - Poland, the Czech Republic and Hungary - to adopt it," Bajnai told public television channel m1 in an interview, also adding that this is possible to happen in the next four years.

Embassy News
The latest news from the British Embassy in Budapest

After supporting the Great British Christmas Market at the end of last year, hosting a seminar by the Buffin Leadership International Team on 19 January 2010, and recruiting eight Hungarian food companies to attend the "Taste of Britain" Central European food exhibition in Vienna, the British Embassy and its UKTI Section continues to support many initiatives, including the Best Workplace for Women 2009 Award and VisitBritain's mission to promote UK travel and attractions worldwide.

Spotlight
The Budapest Times

BZT Media Group, publisher of The Budapest Times and Budapester Zeitung and their websites joined the BCCH in 2009. In interview, publisher Jan Mainka talks about the importance of a serious English language newspaper in Budapest, about how his organisation has grown over the years, and been able to weather the crisis; and how after a decade with the Zeitung and publishing the Times for six years they are keeping up when so many competitors have pulled back or left the scene entirely.

BCCH partnerships
Hungarian Financial and Stock Exchange Almanac

The nineteenth edition of the Hungarian Financial and Stock Exchange Almanac was published at the end of last year, offering a detailed overview of the Hungarian financial system, which is changing and transforming under the effect of the current crisis. The Almanac is the sole publication on the Hungarian book market which includes information about Hungary's entire financial institutional system, providing an overview of where, when and who filled various roles on different levels of the Hungarian institutional system, of changes affecting the ownership composition, as well as strategic concepts and plans shaping the institutional system.

BCCH partnerships
TOP Corporate Philanthropist Award 2009

The Hungarian Donors Forum gave out awards to the TOP Corporate Philanthropist for the fourth time in 2009 at a ceremony following a conference held on 10 December at Kogart House. The Top Corporate Philanthropist Award was established in order for the Donors Forum to take part in strengthening the corporate responsibility of the business sector by presenting the donating activities of companies, as well as acknowledging and publishing them. The 24 companies that participated in the survey had spent more than 4.5 billion HUF on donating last year.

New Members
New members of the BCCH in 2010

Click here to see who have joined the Chamber since the last newsletter issue. If you are a member and wish to indicate that on your website or anywhere else, contact us for a BCCH logo. If you are not a member but wish to learn about the benefits of becoming a member of the BCCH, please visit the Membership section of the Chamber's website or contact the office for more details.

(c) 2010 - British Chamber of Commerce in Hungary | 1137 Budapest, Szent István krt. 24. IV/3.
Tel.: +36 1 302-5200 or 302-5201
Fax: +36 1 302-3069
E-mail: bcch@bcch.com
Web: www.bcch.com
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