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New York, New Jersey and Philadelphia Study Tour organized by the American Hungarian Chamber of Commerce

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In 2023, Select USA Summit Spin-off Study Tour program will be held for the first time, a remarkable event that creates a long-time tradition. Within the framework of a few-day Study Tour program put together by the New York-based American Hungarian Chamber of Commerce, those Hungarian businessmen who are visiting Washington D.C. between May 1-4 can get to know first-hand the entrepreneurial environment of Philadelphia, New Jersey and New York in the days following the Summit.

The AmHunCham Study Tour program that follows the Select USA Summit event and builds on it is unique in its base idea, as several spin-off events are held in the United States of America, but at the same time, this type of customized program for Hungarian entrepreneurs has never been held before. The American Hungarian Chamber of Commerce is proud of the proactive role it plays first and for the promotion of bilateral American-Hungarian business relations.

The Study Tour program, which will be held between May 4-8 2023, consists of several program parts. On May 4, participants can learn about the activities of several Philadelphia innovation centres and the operation of local business development incubators. On May 5, business opportunities in the states of New Jersey and New York, useful guides on starting a business, and soft landing services provided by the American Hungarian Chamber of Commerce will be available at various locations. The participation fee for the self-funded Study Tour is USD 1,490 per person, which includes all accommodation and transportation costs.

During the first wonderful weekend of May, participants on the Study Tour have the opportunity to participate in several independent optional programs. The purpose of the optional program is for the participants to experience first-hand the multicultural entrepreneurial environment and the opportunities offered by the urban metropolis of New York City as a quality pastime.

On Monday, May 8, the Hungarian Consulate General in New York will provide a venue for the public assembly of the American Hungarian Chamber of Commerce, after which the attendees will have the opportunity to meet both the Consul General and the Foreign Trade Attachés in person as part of a B2B event. At the end of the Study Tour event, a media workshop will be held, in which participants can document their preliminary expectations regarding the one-week Select USA Summit and the Study Tour, their desired business ideas and their visions for future business success. The workshop will be stored as a kind of media time capsule, and after a few business years, it will surely become a useful, so-called „time-proofed” document for the participants.

Dr ZsarnĂłczky Martin, the president of the American Hungarian Chamber of Commerce, shared about the organization that the chamber is going through a very busy period in terms of promoting bilateral business relations. The Budapest Chamber of Commerce and Industry and the Trade Department of the American Embassy have proven to be excellent cooperating partners in the past period. In October of last year, and in February of this year, very popular and sold-out events took place in Budapest, which were followed by an extremely positive response to AmHunCham’s activities among domestic entrepreneurs. In April, a delegation of businessmen from the state of New Jersey will arrive to examine several investment opportunities in Hungary. That is why he encourages the mutual growth opportunities of domestic businesses in the American market, since joining the world’s largest economy, due to today’s unpredictable external circumstances, is almost equivalent to a lottery jackpot.

More information can be found in the downloadable document. The American Hungarian Chamber of Commerce welcomes all interested parties!

Preview of SelectUSA Investment Summit (Maryland, May 1-4, 2023)

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AmHunCham like to draw your attention to the upcoming SelectUSA Investment Summit, held in-person in the Gaylord National Resort & Convention Center in National Harbor, Maryland between May 1-4, 2023.  The US Embassy is already accepting applications to participate in the official Hungarian delegation to the SelectUSA Investment Summit (www.SelectUSASummit.us).

This summit – which reached record-breaking numbers with over 3,600 participants in 2022 – offers international attendees the contacts, information, and resources needed to streamline their U.S investment.  As part of the delegation, participants can:

SelectUSA Tech for start-ups:

Opportunities for high-growth international technology companies that are less than 10 years old, with up to $10 million in revenue, and up to 40 employees are also available through the SelectUSA Tech program for a discounted rate. It connects early-stage and startup technology companies to prospects for advancement in the U.S. market. Pitching Applications are now live. Please note that only companies approved to attend the 2023 SelectUSA Investment Summit under the SelectUSA Tech program are eligible to participate in the pitching sessions. The deadline to apply to pitch is March 24.

Guidance to U.S. Market Entry – our short film about the event on 7 February 2023

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AmHunCham and BKIK hosted the first Select USA business seminar in Hungary entitled Guidance to U.S. Market Entry. How to enter the U.S. market?

Please watch our short film about the event!

American Hungarian Chamber of Commerce supports Women’s Economic Empowerment

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March 8th is International Women’s Day, which was established to fight for women’s rights worldwide. 

Today, only 6.6% of Fortune 500 companies have women as their CEOs. 40% of people believe there is a double standard against women, and only 23% of C-suites are made up of women. Women’s empowerment and advancement matter to corporate success: Companies with diverse leadership are 35% more likely to outperform their competitors. 

They are 70% more likely to capture new markets. Leadership teams are 87% better at making decisions, and companies with diverse leadership enjoy 19% higher revenue. Building on the Biden-Harris Administration’s National Strategy on Gender Equity and Equality to advance the full participation of all people – including women and girls – in the United States and around the world, Secretary of Commerce Gina M. Raimondo announced an initiative promoting the role of women in international business and trade called EMPOWER HER. On behalf of the American Hungarian Chamber of Commerce Prof Dr Martin Zsarnoczky PhD President was signing a DECLARATION and recognize EMPOWER HER as a first step for a better future in the following areas: #COMMITTING #INVESTING #PROMOTING #IDENTIFYING #ADVOCATING #SHARING #SUPPORTING The American Hungarian Chamber of Commerce is proud to take a huge effort for gender equality and diversity all around the world.

All our colleagues at AmHunCham, including all our members, are recognizing the contribution of women around the world and the importance of an equal and equitable environment for women to thrive as leaders, entrepreneurs, and innovators.

Finalised programme of the Guidance on U.S. Market Entry, February 7, 2023

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We previously announced that the American Chamber of Commerce New York will host another major seminar, Guidance on U.S. Market Entry, on February 7, 2023 at the BKIK.

Although we previously published the draft program – as it was then – we are doing so again now that the finalized schedule has arrived.

The detailed and final programme of the Guidance on U.S. Market Entry can be downloaded HERE.

We asked Neil Pickett about US-Hungarian business opportunities

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Last year, the first Hungarian American Business Forum was held on October 13, 2022, organized by AmHunCham and BKIK.

After the seminar, Thomas Barat, Founder and President Emeritus of AmHunCham, and Dr. Martin ZsarnĂłczky, President of AmHunCham, interviewed Neil Pickett, Senior Commercial Officer at the U.S. Embassy in Hungary, about Hungarian-American business opportunities and more.

AmHunCham’s upcoming event, Guidance to U.S. Market Entry, will provide answers to these and similar questions.

How to enter the U.S. market? On 7th February we’ll find out!

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On February 7th, 2023, the Hungarian American Chamber of Commerce in New York (AmHunCham), the International Relations Office of the Budapest Chamber of Commerce and Industry and the American Trade Office in Budapest/U.S. Embassy in Budapest will host a joint event entitled “Guidance to U.S. Market Entry”. Download the flyer HERE.

All are welcome to register – see below for registration details and conditions.

Date:Tuesday, February 7, 2023, 14.00 – 16.20

Location.

Organizers.

Application deadline:Monday, February 6, 2023, 3:00 p.m.

Language: English (without interpretation)

This event, co-organized with the American Trade Office in Budapest and the Hungarian American Chamber of Commerce in New York, will feature a panel of American speakers and will provide an excellent opportunity to learn how U.S. government agencies can help Hungarian companies make their first steps in the United States. After the event, company representatives who attended in person will have the opportunity to consult with the speakers. The detailed programme description and the information note are attached. The language of the event will be English, no interpretation will be provided.

CONDITIONS OF PARTICIPATION

Participation in the event is free of charge but subject to registration. The event is limited to a limited number of participants in person and will be judged on a first-come, first-served basis. Unlimited access to the online interface will be granted. A zoom access link will be sent the day before the event.

Registration deadline: 6 February 2023, Monday 15:00 To register, click here.

The organisers reserve the right to change the programme! For more information:Péter Babák, Office Manager, BKIKE-mail: babak.peter@bkik.hu

Source of photo used: us.embassy.gov / Embassy of the United States of America in Hungary

AmHunCham’s membership fee payment system has been changed and renewed

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We are introducing a number of new features on the redesigned American Hungarian Chamber of Commerce website.

One of the most important improvements and innovations we have made is the change to the dues payment process. A much simpler, more complex process now allows our members to settle their annual membership dues.

Now, bercode.com will continue to provide great help and support for this. Via the link https://www.bercode.com/amhuncham – which can be accessed directly from the English and Hungarian menus on our website – you can access the AmHunCham Member’s Page, where you can select the membership card you want to apply for, the type of membership and the payment method.

Anyone can view the complete AmHunCham webshop and start the desired purchase process there.

If you have previously registered on the buyer platform, even if you are a member of another community, the system will recognise this when you enter the corresponding e-mail address. If not, your registration will be automatically completed by entering a few extra details (date of birth, gender, etc.).

Diaspora Higher Education Scholarship Programme: deadline for applications coming up soon

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The Consulate General of Hungary in New York has sent a communication to the American Hungarian Chamber of Commerce, calling attention to an important deadline.

The deadline for applications for the Diaspora Higher Education Scholarship Program (DFP), announced by the Tempus Public Foundation, is January 31, 2023.

The Diaspora Higher Education Scholarship Programme was established by the Government of Hungary for those who live in the Hungarian diaspora outside Europe and wish to study at a Hungarian higher education institution in order to strengthen their personal, professional and cultural ties with Hungary.

The aim of the scholarship programme is to support the professional development of the scholarship holders and to deepen their Hungarian language skills and identity by providing high quality Hungarian higher education. Upon graduation, scholars return home with competitive knowledge and skills that will enable them to effectively support their communities, preserve Hungarian values and strengthen ties between Hungary and the diaspora.

Detailed information about the scholarship programme is available at www.diasporascholarship.hu in Hungarian and https://diasporascholarship.hu/en/ in English.

Sincerely,

Consulate General of Hungary in New York

President’s message 2023

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Thank you for your support during this past year! 

I would like to thank our friends, colleagues, partners, and all the members for helping us complete an effective program of work in 2022.

AmHunCham’s upcoming events’ schedule for the first half of 2023:

– Enter the U.S. in 2023 (Budapest, Hungary)

– Commercial and Industrial Association of New Jersey (CIANJ) Business Delegation trip to Hungary (Budapest, Hungary)

– SelectUSA Investment Summit 2023 (Washington D.C., USA)

– AmHunCham Study Tour 2023 (New York & New Jersey, USA)

– Bilateral Economic Relation Spinoff (Budapest, Hungary) 

and will launch our new website amhuncham.org

Thank you to all our members, community & international partners.
I appreciate you and your support!

Dr Martin Zsarnoczky

President