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Moving with Momentum american chamber of commerce in hungary VOICEVol V, issue 17, january 2015 AmCham at 25: Moving With Momentum MORE INSIDE: Dr. Iván Völgyes Award Visionary Series 3 Contents 4-5 introduction 22-23 LifEstYLE 31 AmchAm nEws Dear Members and Friends… András Török’s Entrepreneurship: Budapest ‘Magic will happen’ 6 PEoPLE Building on a Long-standing 24 AmchAm nEws Relationship Who Wants to 32-34 AmchAm nEws Live Forever? New Members 7 PEoPLE New Name, New Focus 25 AmchAm nEws 36-39 AmchAm nEws Interconnectivity Photo Coverage 8-9 nEws & AnALYsis and Networks Advocacy Update in the Digital Era 40 PAtron ProfiLE 10-15 covEr storY EY Hungary Ltd. 25 years of FDI in Hungary 26 AmchAm nEws Small but Significant 41 AmchAm nEws 16-17 nEws & AnALYsis Bringing Business News Roundup Boston AmchAm nEws 27 to Budapest 18-19 cAPitAL mArkEts Pondering the The Dark Side Price of Oil 42 cEo’s notE 20 mAcroEconomics 28-30 AmchAm nEws A Time The Brighter Big Picture New Year, New Board for Evaluation Voice is published on behalf of the American Chamber of Commerce by Absolut Media Zrt., Madách Trade Center, 1075 Budapest, Madách Imre út 13-14., Building A, 8th floor Editor-in-chief: ROBIN MARSHALL ([email protected]) • Contributors: LEVENTE HÖRÖMPÖLI-TÓTH, ROBIN MARSHALL, ANDRÁS TÖRÖK, Photography: ANDRÁS HAJNAL, LÁZÁR TODOROFF • Design: ABSOLUT DESIGN STÚDIÓ ([email protected]) • Art Design: NORBERT BALÁZS • CEO: TAMÁS BOTKA Advertising: ABSOLUT MEDIA Zrt. ([email protected]) • Sales and Marketing: BALÁZS ROMÁN ([email protected]) Subscriptions: [email protected] • Printing: ABSOLUT PRINT Kft. Websites: www.amedia.hu, www.bbj.hu For AmCham Content and Advertising: ZSÓFIA JUHÁSZ ([email protected] + 36 1 266-9880/360) HU ISSN 2062-1817 VOICE american chamber of commerce in hungary Dear Friends and Members, level, too. Sometimes they are thanked, regarding future directions. This is but often they are unsung heroes, driven where we belong; this is our sweet spot. by values and not by applause. I have experienced firsthand the dedication of I am also greatly encouraged by the wonderful people working to better this level of interest at the board level to country in many ways. Whether it is the help steer this organization over its next Language Ambassador program touching two-year period, a good sign that an the lives of students in school, or making increasing number of decision makers recommendations regarding education, are willing to lend support to AmCham innovation or tax, this organization has in tough times and in tough questions. worked to carry the torch and to lead As they say, tough times don’t last, but the way. I am unabashedly proud of the tough people do: We’re ready. professionals with whom I have had to opportunity to work. But my pride is It has been my honor and pleasure to work with exceeded only by the excitement I have and for you. If you are not involved, I invite for AmCham’s ability to contribute to key you to get engaged in the future. Serving is a issues in the future. wonderful way to give back and set an example for others to follow. When you empower others Through the efforts of the staff and to contribute, you’ve contributed yourself. It’s Photo: István Nagyapáti committees, AmCham is poised to the same magic formula that has powered The world is a better place today, because play a pivotal role in channeling issues AmCham for 25 years. It works, and I am countless concerned citizens around the between business and government. grateful I had an opporunity to experience it; I globe take the time and invest the energy Strategic agreements – in plural – will wish you the same. to make a difference. What holds true allow us to leverage our membership on a global level holds true on a local base in putting forth actionable ideas William Benkő AmCham Member’s Board President First ViCe President seCond ViCe President Ferenc Norbert Dr. Andrea PONGRÁCZ FOGARASI JÁDI Morgan Stanley NÉMETH IBM Hungary Hungary 1117 Budapest, Analytics Ltd. bpv | Jádi Németh Neumann Str. 1. 1095 Budapest, Attorneys at Law Lechner Ödön 1051 Budapest, fasor 8. Vörösmarty tér 4. [email protected] [email protected] [email protected] Phone: +36 1 382 5924 Phone: +36 1 881-4113 Phone: +36 1 429-4000 fax: +36 1 382 5501 fax: +36 1 881-3700 fax: +36 1 429-4001 BoArd MeMBers At lArge BEA Andrea BOB ELŐD JUHOS MANSFIELD Citi Service LHH Center Magyarország, Mansfield & Budapest Career Associates 1087 Budapest Consultants Kft. 1051 Budapest, Hungária krt. 1021 Budapest, Szent Istvan tér 11. 40-4 Ötvös János u. 1-3. [email protected] [email protected] [email protected] Phone: +36 1 231 4747 Phone: +36 1 392-5070 Phone: +36 30 609 6379 fax: +36 1 501 7311 fax: 36 1 392-5071 ex oFFiCio MeMBers dale wright, william BEnkŐ, istván hAvAs Introduction 5 Dear Friends and Members, will want to join the most popular hubs; by-day and how many opportunities we therefore they will grow even more. The have to use our influence. larger the hub, the stronger the network, and the more brainpower it concentrates. It I am thrilled to be president as I feel that is clear that the hubs make the difference. we have momentum. We are relevant across a selection of topics; we will build AmCham is a hub, representing strong on this expertise and make our voice heard and diverse members, and it can make a even louder than before; we will encourage difference. That is why I chose to run for much needed dialogue and we will help the presidency. I am thrilled to have been the country and the region become more elected for the next two years. As our attractive and more competitive. It will be now former president Willy Benko said hard work, it will take time, but it is our in Parliament at our anniversary gala on vision and we will strive to achieve it! November 14, he was encouraged to be engaged, to run for the AmCham Board. Sitting on the grandstand watching the players on the field is one choice. My choice In the past years I have been fairly is to be one of the players and be part of active as a board member and as the game. I invite you to join the board and The Barabási–Albert model (for more Secretary Treasurer, so I chose to me. Let’s make a difference together! detail on this, see page 25) suggests become engaged, because I witnessed that if networks are expanding, links how this organization is evolving day- Ferenc Pongrácz seCretAry treAsurer BoArd MeMBers At lArge Péter FARkAS LIAM FÁTH BÁRSONY CROW GE Hungary Kft. Honorary 1138 Budapest, First Med Kft. member Váci út 117-119. 1015 Budapest, Váci Greens Hattyú u.14. 5th Office floor [email protected] [email protected] [email protected] Phone: +36 23 502 400 Phone: +36 1 234 6217 Phone: +36 1 224 9090 fax: +36 1 382 5501 ChieF exeCutiVe oFFiCer DIÁNA krisztina Írisz LIPPAI- STEGENA VARGA NAGY Hewlett American Amgen Kft. Packard Chamber of 1054 Budapest Hungary Commerce in Szabadság tér 1117, Hungary 1051, 7. Citibank Budapest, Budapest, Szent Tower Alíz utca 1. István tér 11. [email protected] [email protected] [email protected] Phone: +36 1 354-4710 Phone: +36 20 214 8985 Phone: +36 1 428-2080 fax: +36 1 354-4702 fax: +36 1 229 9000 VOICE american chamber of commerce in hungary Q&A Building on a Long-standing Relationship VOICE spoke with Minister of Justice László Trócsányi about the ongoing relationship between his ministry and AmCham, the newly signed strategic agreement between the two parties, and future plans. YOUR CAREER HAS TAKEN IN these two-and-a-half decades, AmCham THE ROLES OF LIBRARIAN, has worked permanently with us. We are RESEARCHER, LAWYER, all proud that the American Chamber of UNIVERSITY PROFESSOR, Commerce in Hungary was the first to A MEMBER OF THE be established in the Central and Eastern CONSTITUTIONAL COURT, AND European region and became the largest AMBASSADOR. HOW WILL THEY in the area. Besides capital, AmCham also HELP YOU FULFILL THE ROLE OF symbolizes American knowledge, know EndrePhoto: Véssey MINISTER OF JUSTICE? how, and ethics that are crucial to do fair be adopted. I am convinced that a new Law has played a very important role in my and lucrative business. Many see the role of system of administrative judiciary must be life. My father was a lawyer as well; sadly the MoJ as a ‘factory of legislative drafting’. introduced to Hungary. The MoJ also plays he was fired by the communist regime However, just as lawyers make a mistake an important role in reshaping the rules from the Ministry of Justice in the 1950s. if they distance themselves from reality, of the financial and banking institutions; He was my first instructor in the field of the MoJ cannot live only in the academic society must be freed from the trap of the law. After graduation, I worked in various world of law; we need inputs. AmCham, foreign currency loans without destroying positions and places, but among all these like hundreds of other non-governmental the market. roles there is a link, which is my passion organizations, do a great favor to us when towards law and jurisprudence. they provide us with their expert opinion. WHAT ARE THSEO AREAS WHERE YOU COUNT ON AMCHAM AND AMCHAM HAD A STRONG I personally appreciate that the companies HOW CAN IT BEST HELP? RELATIONSHIP WITH YOUR represented by the chamber create jobs In the framework of the agreement on IMMEDIATE PREDECESSOR, here in Hungary.
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