Issue 04 | October 2009
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


Member-to-member offers at the BCCH

The BCCH would like to call attention to one of its services, namely the member-to-member business offers, which are continuously being published on the BCCH website. The Chamber would like to thank the companies who have already added their services to the list, and encourage others to do the same, and of course to make use of the numerous discounts offered. If you are a member and wish to add your own offer to the list, please contact the BCCH office at and let them know what you wish to feature.
International Outreach
COBCOE Carpathian Group Regional Meeting

The 3rd annual meeting of the COBCOE Carpathian Group took place in beautiful Prague on 10-11 September 2009. This is the one meeting each year when presidents and directors of the various COBCOE Chambers in Central and Eastern Europe get together to look for synergies and how they can provide new business opportunities to their members. This year, chambers also had a joint meeting with their key UKTI contacts. Summary by Howard Rosen, President of COBCOE.

BCCH Event Report
H1N1 Conference

To help members learn more about and prepare for the H1N1 pandemic, the BCCH held a seminar on the subject on 24 September 2009. The questions the event attempted to answer were how the pandemic affects business continuity, how companies can be prepared, and what can be done to avoid economic breakdown. Based on the amount of interest and high number of guests, the Chamber believes the event proved to be a success and very useful for attending businesses. Analysis
Hungary central bank cuts base rate to 7.00%

Hungary's central bank (NBH) has reduced its key policy rate for its fourth consecutive monthly meeting, taking the base rate down by 50 basis points to 7.00%. The two-week benchmark rate has not been this low for more than three years, but this should not come as a surprise, since the decision is in line with the market's call: the deep recession and the inflation remaining in check despite tax hikes create a large room for monetary easing.

Embassy News
The latest news from the British Embassy in Budapest

Following a busy summer, the British Embassy continues to run an extensive event calendar, having participated at the World of Learning Conference and Exhibition in Birmingham in late September-early October, and soon welcoming Mr. Richard Parry, Head of Education Sector Group at the London office of UK Trade & Investment to Budapest. More information about these and other events and projects of the British Embassy are available by clicking on the link below.

Spotlight - FTC
BCCH welcomes FTC among its members

Ferencváros (FTC), a sister club of BCCH Foundation member Sheffield United FC has recently joined the Chamber as a Full member, and is looking forward to make use of the various benefits of BCCH membership. The club is based in Budapest, and is a real social institution that opens the door to a wide range of B2B contacts in Central Europe, and especially in Hungary. The 28-time Hungarian champion and 1965 Fairs Cup winner club returned to the First Division this year, and re-entered European competition shortly afterwards.

Training opportunities
HR course at CEU

The Central European University is organising an HR course in November 2009 in Hungarian (Személyügyi Gazdálkodó és Fejlesztő Program). They have been running this programme successfully for years, and many ex-students are now HR managers and directors who enjoy a good reputation in the market. BCCH members are also welcome to join this course with a special discount: for each person that applies from the BCCH membership, CEU gives a 10% discount form the price, and if there are three or more people from the BCCH, the discount is 20%.

New Members
New members of the BCCH in 2009

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) 2009 - 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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