Weather
17 ° C
17°C
9°C
Sunny
Breaking News

The number of people officially infected with Covid-19 has risen to 81 in Monaco: 4 cured, 10 hospitalised, 5 in ICU

Hungary’s business value explored at MEB meeting

Hungary’s business value explored at MEB meeting

By Staff Writer - October 24, 2019

Monegasque entrepreneurs have had the opportunity to learn about business opportunities arising from the Principality’s collaboration with Hungary at a meeting organised by the MEB.

Held at the Novotel on Monday 21st October by the Hungarian Embassy, the Monaco Economic Board (MEB) aimed to give targeted entrepreneurs in Monaco access to high-level contacts. 

Hungary has embarked on a major promotional campaign that includes Monaco. A top-level delegation was headed by György Károlyi, Hungary’s Ambassador in France and Monaco, accompanied by Vice-Consul Péter Bakos-Blumenthal, Róbert Ésik, CEO of HIPA (Hungarian Investment Promotion Agency) and Edina Nagy, Deputy Director of HTA (Hungarian Tourism Agency).

With GDP increase of 5% in 2018, a shrinking public deficit, a competitive tax regime (9% corporate tax rate, lowest in the European Union, income tax at 15%) and almost-full employment for its population of 10 million, Hungary presents as a country on the rise, boasting remarkable macroeconomic stability, as underlined by Róbert Ésik.

To maintain this momentum, the country has set a target to post growth rates 2% higher than the European average over the coming years. Róbert Ésik highlighted sectors that are expanding such as the car industry (AUDI, Mercedes, BMW, Suzuki), R&D (Samsung has just built a factory) and artificial intelligence notably for self-driving cars.

Edina Nagy drew attention to Hungary’s rich heritage, which includes the oldest metro in Europe and numerous UNESCO World Heritage sites. Dubbed “Pearl of the Danube”, Hungary is keen to promote its cultural and culinary diversity.

After the presentations, entrepreneurs had a chance to sample Hungarian wines and attend an official evening in honour of Hungary’s National Day, organised by its Honorary Consul in Monaco who paid tribute to his country’s film industry.

shares
SHARE
Previous articleBest of the best – The Frankl family tests Lamborghini’s Urus
Next articleAS Monaco Basket beats Ulm

daily

April 2, 2020 | Business & Finance

Monaco Telecom acquisition complete

Stephanie Horsman

The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.

0
April 1, 2020 | Business & Finance

Back to business at Larvotto construction site

Cassandra Tanti

Monaco is reopening the Larvotto construction site to workers, saying the beach project is “essential for the development of the Principality”.

0
April 1, 2020 | Business & Finance

Request for Extraordinary Minimum Income

Cassandra Tanti

Monaco’s self-employed entrepreneurs will have access to a minimum monthly income as part of the government’s new economic measures, effective immediately.

0
March 31, 2020 | Business & Finance

€280 million to cover Monaco’s workers

Cassandra Tanti

The Prince’s government has announced another raft of economic measures to support employees impacted by the Covid-19 crisis.

0