We were treated to an exclusive business discussion with Hungarian Ambassador to the U.S., Dr. László Szabó.
Global Chamber® is honored and pleased to support connecting the Ambassador to regional business and government leaders across the US. Special thanks to the team at Interlink DC for collaborating on this successful visit.
Hungary has the 2nd fastest growth rate in the EU and a business friendly government with a focus on innovation, education and technology. Hungary is about the same size as Indiana with a population of approximately 10 million people. Hungarians have a long history with innovation and inventions, and the Ambassador went through some - including the Prezi presentation that he used to share information.
Hungary is home to 64,000 wineries. Suffice to say that the industry is strong and growing in the country!
Unlike Greece, Hungary decided to pay back their IMF loan early. We only have to look at the economic trajectory of Hungary and Greece to conclude that this was a great idea by the Hungarian government!
The Ambassador was adamant that the environment within Hungary is friendly to all people and religions, including those practicing the Jewish faith. Many different religions live side by side in a friendly way in Budapest and across the country.
One key issue for Hungary is birth rate, and the country has told Hungarians to make more babies through tax breaks for larger families. Within the decade they have increased family size from 1.1 to 1.6 children, and they wish to increase further.
One remaining issue with immigration is to be added to the E-1 and E-2 visa list for the U.S. to allow easier access for Hungarians to work and live in the U.S. That issue is being worked on with the US government.
Pictured... Ambassador László Szabó with a group of attendees at the Columbia Club in Indianapolis on Friday, October 18th.