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Hungary Economic Newsletter February 2020

Embassy of the Kingdom of the

Embassy News:

BCSDH, Business in Circulation |

Earlier this month, our partners at BCSDH published their first report on the current stance of 's Circular Economy. In it you will be able to read on Hungary's domestic potential in trying to realize Circularity.

The report highlights the biggest obstacles to be taken, such as changing consumer behavior or trying to ban single use plastics. Furthermore, it contains an interesting list of actions different companies have already taken to lessen their environmental footprint.

If you would like to read their report click on the link here, or again check out our social media pages. Alternatively, if you would like to know more about our partners at BCSDH check out their website here.

CBS, Dutch Circular Economy | The Netherlands

Continuing on last month’s topic of Circularity, the Dutch Central Bureau of Statistics (CBS) published an interesting report discussing the current state of the Dutch Circular Economy. The report, written in Dutch, shows the steps already taken and what challenges still lay ahead in attaining a fully circular economy by 2050.

The report is an interesting read, especially when comparing it to the report published by our partner at BCSDH on Hungary's Circular Economy. You can read the report here. Alternatively, you can read it on our new Embassy’s LinkedIn page by clicking here.

Economic Top Sectors | The Netherlands Last month’s newsletter introduced the event Tour Circulair. From the third till the seventh of Feb, throughout The Netherlands companies could attend different events centered around the concept of Circular Economy. As this is one of our top sectors at the embassy we always try and highlight the concept and share interesting events related to it.

This however, does not mean that we have forgotten about our other top sectors. If you are active in Life Science and Health or Logistics and would like to attend similar events in The Netherlands, we advise you to keep a close eye on the following websites.

For the sector of Life Science and Health the website www.health-holland.com has interesting news-items and events. If you are working in the logistics sector we advise www.hollandlogisticslibrary.com which contains valuable information on the sector in the Netherlands and on what to do when expanding your business abroad. If you’d like to read about all the different top sectors set out by the government check out this link here.

Company Visits 2019 | Hungary Did you know that there are more than 700 Dutch companies in Hungary, providing 15,000 jobs, and that bilateral trade amounts up to almost 9 billion euros? As the Netherlands Embassy we frequently visit Dutch companies to learn more about their activities.

If you represent a Dutch company and would be interested in an embassy visit, contact us! We would love to get to know you and your organisation. Send an email to [email protected] and check out our YouTube channel to see some of last year`s visits!

Upcoming Events :

Conference on the Hungarian building stock renovation | 18 March - MagNet Közösségi Ház, Budapest

The Hungarian Energy Efficiency Institute together with The Dutch Embassy organizes a conference on how to renew the Hungarian housing stock from an energy point of view, what are the challenges and the possible solutions for the residential buildings. As we know that 30% of the total final energy consumption in Hungary is directly linked to the housing stock, it is very relevant to see some best practices from abroad. The keynote speaker is Reimar von Meding, architect and co-founder of Reimarkt who will present the one-stop-shop model to the Hungarian audience. The language of the conference is Hungarian, English interpretation is provided. You can see the program here: https://mehi.hu/rendezveny/mi-kell-ahhoz-hogy-felujitsunk-a-hazai-lakoepuletek- energetikai-allapota-es-a-tovabblepes and register on the following link: https://forms.gle/f6BfRcYjZ7fuCf6C7

You can get a discount by making a reference to our embassy in the discount field.

Lean&Green workshop | 31 March Are you part of the logistics supply chain and want to decrease your carbon emissions? Join us on 31 March where the Dutch and the Hungarian Lean&Green programme coordinators Connekt and GS1Hungary will present this program. The Hungarian Lean&Green Platform was founded last November by GS1 Hungary, HALPIM-Hungarian Association of Logistics and Purchasing and Inventory Management and the Dutch Embassy.

The event is in Hungarian and English without interpretation and free of charge. You can read more background information on the GS1 website in Hungarian: https://gs1hu.org/rolunk/hirek-esemenyek/csatlakozzon-a-magyar- lean-and-green-programhoz and register by sending an e-mail to [email protected]

Embassy Visits

Visit to Budapest's District 13 | - Budapest - 27 February Earlier this week, Deputy Head of Mission Efstathios Andreou, together with Senior Policy Advisors Éva Szabó and Marina Varga, visited Mr. Gergely Csiga, Deputy Mayor of Budapest's 13th district. This district is the third biggest one of Budapest with 121.000 inhabitants, which makes it the 7th largest local government in Hungary. It is also known as the Silicon Valley of Hungary, due to the many tech companies located here. Additionally, large Dutch companies such as Friesland Campina, De Lage Landen and Unilever have their Hungarian headquarters based here.

In their meeting they discussed the concept of smart cities. The deputy mayor showed the embassy representatives the approved smart city strategy of his district.

The local government is organising a conference in April for exchanging best practices where representatives of well-known smart cities like Amsterdam, Barcelona, Vienna and Bristol are invited to attend.

Discrimination on the workfloor | - Budapest - 24 February Earlier this week, embassy representative Senior Policy Advisor Marina Varga attended a professional workshop on discrimination on the work floor. The workshop organised by the European Commission was very relevant and inspiring. Not just the Dutch Embassy was present but also representatives of well know Dutch companies such as Shell and Heineken took part. These companies are also active members of the diversity charter. If you feel like this topic might be of interest to your company, please do not hesitate in joining the Hungarian Diversity Chapter. Check out their website here.

Cultural Newsletter

DeWolff & The Grand East live in Date: 11 March 2020 Venue: Újpest Event Centre

Two up and coming bands from the Netherlands will be supporting acts to Hungary`s rising star of indie rock: Ivan & The Parazol. DeWolff offers a `n`roll experience that has mesmerized audiences in Hungary (at Sziget festival), , Switzerland, , Spain and even Australia. The Grand East plays a mixture of rock and soul, this time largely covering their recently released debut album. https://www.uprendezvenyter.hu/

If you are interested in cultural news, do not forget to check out our cultural newsletter on our Facebook Page.

Our mailing address is: 1027 Budapest, Kapás u. 6-12. Víziváros Office Centre, 2nd floor

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