Issue 07 | March 2010
Dear Mr. Foley,

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 or contact us at +36 1 302-5200 / +36 1 302-5201 and
Best regards,
The BCCH team

Upcoming event

BCCH to celebrate the patron saint of England

Following the success of last year's event, the Chamber has decided to take St. George's Day celebrations to the next level, and organise a reception on 23 April 2010 in the Ballroom of the Corinthia Grand Hotel Royal in association with the hotel and in honour of the patron saint of England. HM Ambassador Greg Dorey has again accepted our invitation to this event, and we are looking forward to welcoming many other prominent guests among the expected 200. And to ensure that this year's celebrations are also a success, we have put together a sponsorship scheme for companies willing to offer their support, the details of which are available by clicking on the link below.
International Outreach
COBCOE Annual Conference 2010

The COBCOE Annual Conference will take place on 22 and 23 March 2010, and will begin on its first day with the Directors' Training Seminar led by Peter Byrne, the CEO of the South Dublin Chamber of Commerce. The Annual Conference on the 23rd is organised combining a series of workshops dedicated to know-how and information exchange about practical issues affecting members and presentations from guest speakers. The programme will conclude with the highlight of the COBCOE annual event, the Gala Dinner and Chamber of the Year Awards.

A new company for BCCH Chairman Gergely Mikola

After over five years, BCCH Chairman Gergely Mikola has left Provident Financial to continue his career with BAT Hungary as Director of Corporate and Regulatory Affairs for Hungary and Austria from 16 March 2010. Being supported by BCCH Management and Council, he will retain responsibilities as Chairman of the Chamber, as well as Vice Chair of the Permanent Commission of the National and Bilateral Chambers of the EU countries in Hungary (EuCham) and as a member of the Executive of the Council of British Chambers of Commerce in Europe (COBCOE).


Members' News
New online service for members

The BCCH has decided to introduce a new feature on its website as a new service for its members, making it possible for them to publish their news on the site. The Chamber would like to encourage all its members to keep sending in material on company news, staff changes, and any information they think might be of interest to others and what they find important to communicate towards fellow members and the business community. If you are a member and would like to add your latest news to the Members' News page, please contact the BCCH office at, and let them know what you wish to feature.

Embassy News
The latest news from the British Embassy in Budapest

The British Embassy in Budapest was off to a busy start this year, having already organised a Five o'clock tea for Haiti with the Hungarian Interchurch Aid, and with HM Ambassador Greg Dorey speaking at the 2nd Hungarian Climate Summit, paying a visit to the Hungarian Police College, and also being a guest at the DIP! (Diplomatic discussion) event. And all this is followed by an even more exciting spring, the most important highlight of which is undoubtedly the Royal visit of the Prince of Wales and The Duchess of Cornwall to Hungary between 17 and 20 March 2010.

Crédit Agricole Corporate and Investment Bank

On 6 February 2010, Calyon, a BCCH member company, assumed the name of its parent bank, Crédit Agricole, and continues its business activities as Crédit Agricole Corporate and Investment Bank, the new name in Hungary being Crédit Agricole Corporate and Investment Bank Hungarian Branch. The General Manager of the Hungarian Branch, Mr. Tamás Molontay, who is also a BCCH Council Member, talked about the name change in an interview, which is available on the BCCH website. Analysis
INSTANT VIEW - Hungary's CPI eases to 5.7% yr/yr in Feb

Hungary's consumer prices rose by 5.7% year on year in February, undershooting the 6.0% consensus estimate of analysts in a poll and coming down from 6.4% in January, which the market believes was the peak this year. In monthly terms, inflation was up 0.3% in February, versus a 1.4% increase in January, the Central Statistics Office (KSH) has reported on Thursday, 11 March 2010.

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 IstvĂĄn krt. 24. IV/3.
Tel.: +36 1 302-5200 or 302-5201
Fax: +36 1 302-3069
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