The American connection

Because the American dream is based on hard work, the American Chamber of Commerce, an advocacy organization founded in 1989, is committed to the...

2021 marks the centenary of the diplomatic relationship between the United States and Hungary, which began 100 years ago in 1921. And while political relations between the two countries have not always been smooth, American companies have long been a successful presence in the Hungarian economy. According to Gábor Farkas, partner at PWC Hungary, they have played a major role in the development and healthy growth of the Hungarian market economy after the fall of communism.

There are few American economic success stories to this day that have been influenced by Hungarian know-how. One of them is Ford's legendary model, the Ford T-Model, which paved the way for mass production of cars and was fathered by the company's chief engineer, the Hungarian József Galamb. According to Attila Szabó, Managing Director of Ford Hungary and Czech, the automotive industry is undergoing a revolution, and Ford, which is also building on its tradition, is playing a major role in this process.

The digital world has changed significantly in the last 20 years, affecting human habits and transforming the way we manage and handle data. IDC...

The Hilton Budapest, opened in Buda Castle on New Year's Eve 1976, opened a new chapter in the development of the Hungarian hotel industry, and has been a successful example of American-Hungarian economic cooperation in recent decades. According to GM Peter Knoll, the hotel, which was completely renovated by 2019, has come back to life again this year. 

America was closed to travellers for a long period of time as a precautionary measure in the wake of the covid epidemic, but from November 2021 the borders will be reopened to vaccinated travellers from Europe who meet all the regulations. The ocean liner business, which had been shut down for more than a year in the Americas due to the coronavirus outbreak, also found a new lease of life in 2021. This is what Christine Duffy, President of Carnival Cruise Line, told AzÜzlet.hu in an exclusive interview.