XII: Business Meets Government Summit: Reigniting the Economy for a More Competitive Hungary

State Secretary Attila Kövesdy delivers his keynote speech

 

The Business Meets Government Summit, AmCham’s flagship event of the year, was hosted together with the Hungarian Investment Promotion Agency (HIPA) for the 12th time on November 9. It brought together decision-makers and key stakeholders from the government and business community.

In his opening remarks, AmCham President Ákos Janza, reflecting on Hungary’s economic crossroads, emphasized the importance of regulatory predictability, skilled talent, and innovation in strengthening Hungary’s competitiveness. He reaffirmed AmCham’s commitment to constructive dialogue with policymakers and highlighted the need to retain and expand existing investments alongside attracting new ones.

AmCham President Ákos Janza addresses participants in the plenary session

 

HIPA CEO Bence Buday highlighted Hungary’s strong investment track record and the significant contribution of American companies. Emphasizing continuity and renewal, he outlined HIPA’s focus on attracting higher-value investments, fostering innovation and productivity, and strengthening partnerships between international investors, Hungarian businesses, and Hungary’s leading academic institutions.

Bence Buday, CEO of HIPA, delivers his welcome address at the Summit

 

In his keynote speech, State Secretary for Tax Policy and Accounting Regulation of the Ministry of Finance Attila Kövesdy outlined Hungary’s current macroeconomic outlook and the government’s economic policy priorities. He also discussed fiscal strategy, budgetary planning, taxation and tax policy, highlighting the government’s approach to supporting future economic growth.

Roundtable discussion: Hungary’s Place in the European Economy. From left to right: Ákos Janza (AmCham Hungary), Jörn Fleck (Atlantic Council), and Bence Buday (HIPA)

 

The roundtable discussion, Hungary’s Place in the European Economy featured Senior Director at the Atlantic Council’s Europe Center Jörn Fleck, and CEO of HIPA Bence Buday, moderated by AmCham President Ákos Janza. The discussion explored Europe’s changing global economic position, evolving transatlantic relations, and Hungary’s competitiveness within European value chains. Key topics included investment attractiveness, regulatory predictability, innovation, and opportunities to advance higher-value-added economic activities, looking ahead to Hungary’s economic prospects toward 2030.

Breakout sessions

After the coffee break, the summit continued with four breakout sessions. The Business Environment breakout brought together government representatives Judit Zolnay and Attila Kövesdy with business leaders and tax advisors. Discussions focused on Hungary’s investment competitiveness, regulatory predictability, tax reform, investment incentives, and opportunities for practical cooperation to support existing investors and higher-value economic activities. The session was moderated by Dorottya Fábián (Deloitte), Chair of AmCham’s Tax Committee.

Representatives taking part in the Business Environment breakout (from left): Dorottya Fábián (Deloitte), Moderator, Tax Committee Chair, State Secretary Attila Kövesdy (Ministry of Finance), State Secretary Judit Zolnay (Ministry of Economy and Energy), Zoltán Schwardy (Citi Hungary), Nicole Biser (ExxonMobil), Sándor Nagy (BAT), Ákos Burján (PwC), Zoltán Lambert (WTS Klient), Bence Barta (Andersen)

 

The Healthcare Breakout Session explored how Hungary can attract more life sciences investment, building on AmCham’s new Life Science Investment Attractiveness Study. After MediConcept’s Ádám Csizmadia presented the study’s findings, corporate leaders were joined by State Secretary László Buga and discussed the study’s recommendations and findings in a panel discussion moderated by Janka Kocsis, Chair of AmCham’s Healthcare Committee.

Participants of the Healthcare breakout (from left): Péter Keresztúri (Becton Dickinson), Jutas Földvári (GE Healthcare), Krisztina Ujhelyi (Medtronic), Péter Wintermantel (Novartis), State Secretary László Buga (Ministry of Health), Marcell Németh (HIPA), Janka Kocsis, Moderator, Healthcare Committee Chair

 

The Digitalization breakout brought together Deputy State Secretary István Gódor with business leaders and technology experts. Discussions focused on AI adoption, digital innovation, cybersecurity, investment opportunities, digital skills, and public–private cooperation to strengthen Hungary’s technological competitiveness. The session was moderated by Árpád Jorzsits, Chair of AmCham’s Digital Committee.

Panelists at the Digitalization breakout (from left): Árpád Jorzsits, Moderator, Digital Committee Chair, Deputy State Secretary István Gódor (Ministry of Science and Technology), Veronika Bush (WOLT), Supreeth Kunhambu (Tata Consultancy Services), Tibor Szpisják (HPE), Mihály Zala (EY)

 

The Workforce breakout featured Deputy State Secretaries Szabolcs Markovszky and Imre Szilárd Szabó alongside business and workforce experts. Discussions addressed labor shortages, skills gaps, wage competitiveness, investment needs, and the employment of third-country nationals, including international graduates. The session was moderated by Szilvia Bogdán, Chair of AmCham’s HR Committee.

Speakers at the Workforce breakout (from left): Szilvia Bogdán, Moderator, HR Committee Chair, Gergely Gáspár (GI Group Holding), Balázs Fremda (Morgan Stanley), Deputy State Secretary Imre Szilárd Szabó (Ministry for Social Affairs and Family), Deputy State Secretary Szabolcs Markovszky (Ministry for Economy and Energy), Máté Fazekas (BT (British Telecommunications)), Andrea Szűcs (KPMG Hungary), Szabolcs Tomkó (AUMOVIO)

 

Appreciation to our partners

We would like to express our sincere gratitude to our sponsors whose generous support helped make this year’s Business Meets Government Summit possible: **Alcoa Wheels, Andersen in Hungary, AUMOVIO, BAT Hungary, Becton Dickinson, BT (British Telecommunications), Citi Hungary, Deloitte, Hewlett Packard Enterprise-Euro One, ExxonMobil Hungary, EY, GE HealthCare, GI Group Holding, KPMG, Medtronic, Morgan Stanley, MSD, Novartis, PwC, Roche, Tata Consultancy Services (TCS), Wolt, and WTS Klient.