By the invitation of the US Chamber of Commerce, on March 11 Ambassador Szabolcs Takács gave a presentation on the development of Hungarian-American relations to the member companies of the Chamber. The ambassador’s comprehensive presentation touched on a wide range of topics, including the current political, economic, and health developments in Hungary, as well as the expected developments of transatlantic relations under the new Biden administration. The past year, marked by the coronavirus pandemic, posed many challenges for all countries. However, under these trying times, Hungarian-American economic cooperation has developed favorably since it was the American companies that created the most jobs in Hungary over the pandemic period. Hungary’s business climate remains an attractive destination for American companies who are looking at expanding in Europe, and the ongoing dialogue of recent years between Hungary and the United States provides a good basis for continuing to work closely with the new administration.
