On the 6th of March 2018 upon the invitation of the President Janusz Cieślak PhD Orsolya Zsuzsanna Kovács – Ambassador of Hungary was a guest of the European Business Club Poland. She was accompanied by Otto Sipos – Trade Councellor of the Embassy.
The meeting of members and affiliates of the Club which took place in the Stock Exchange at ul. Książęca 4 in Warsaw was dedicated to discussion over Polish and Hungarian economic co-operation and problems making it harder and elements that make it easier as well as the perspecrive of its development.
When greting the guest the President – Janusz Cieślak emphasised that PhD Orsolya Zsuzsanna Kovács is an expert on Poland and is fluent in Polish. He also mentioned that the current visit is the continuation of extremely good relation of the Association with the Hungarian Embassy which started just after the European Business Club was established.
At the begining of her speech the Ambassador to Hungary presented information about the economy of her country emphasising a systematic Since 2011 fall in umemployment which currently is at 4%. She also mentioned tha lack of debt towards the International Monetary Fund, posesing enough of own savings due to conducting of disciplined budget policy and big confidence from investors. The Hunagrian model of economy is based on 4 pillars:
The model of the Hungarian economy is based on 4 pillars :
- pro family policy
- econmy based on full confidence
Then PhD Orsolya Zsuzsanna Kovács mentioned the most important issues which influence the tightening of economic relations between Poland and Hungary. An important element causing the development of such relations is an increase in the frequency of flight connections between Warsaw and Budapest operatem by PLL LOT. Polish Airlines LOT will also take Hungarian passangers on the route to Chicago and New York. The intention of Polish and Hungarian governments is to build close relations of both countries by building a motorway connecting Warsaw and Budapest as well as as fast rail, which will shorten travelling time a great Deal (currently it takes 12 hours to travell from Warsaw to Budapest). Economic and commercial co-operation is dynamically developing year to year: in the teras 2006-2016 the Polish-Hungarian trade exchange had almost double and in 2016 Poland was the 6th big gest trading partner of Hungary. The state of Hungarian direct investments in Poland by the end of 2015 reached the value of 790,3 milion euro, and the state of Polish investment in Hungary in that same timeframe amounted to 475,8 milion euro.
According to the set tradion of our Club the participants had the opportunity to ask questions and engage in discussion with PhD Orsolya Zsuzsanna Kovács and also Otto Sipos – Trade Councellor of the Embassy
The meeting ended with great cocktail party during which everyone individually could talk to the Guests and exchange opinions with other participants of the meeting.