VOL. 32. NUMBER 21 | NOVEMBER 15 – NOVEMBER 28, 2024
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SPECIAL REPORT INSIDE THIS ISSUE
SSCs/BSCs
BSCs Standing Strong Despite Economic Headwinds The country’s Business Services sector is showcasing resilience and adaptability amidst shifting economic conditions, according to a survey by the Hungarian Investment Promotion Agency. 16
Services Centers Require Higher Quality Space The CEE region is seen as attractive for business services centers based on three factors: cost, talent and quality of life, although the first of those is becoming less important. 18
SOCIALITE
Ludwig Celebrates 35th Birthday with Focus on Women Artists Ludwig Museum of Contemporary Art presents for the first time work from its collection by women. It focuses primarily on the female artist, the role of women in art history, the female body, and societal roles and expectations. 21
A Pillar on Which to Build
BUSINESS
Byung Kim explains how ExxonMobil is banking heavily on upskilling and staff wellbeing at its Budapest operation, which NEWS is also its largest European affiliate. 17 Hungary’s Industry
Continues Nosedive Hungarian industry performed at its poorest level in four years in September. Based on the latest data, production is decreasing across a wide range of industrial sectors. The level of output has shown a downward trend for two years. For now, it seems no sudden rebound can be expected. 3
BUSINESS
EV Sector Downturn a 'Temporary Setback' Some 40 speakers and panelists attracted a full house of attendees at the Hungexpo Congress Center for the fourth Hungarian Battery Day conference on Nov. 6, part of the three-day Battery Week, which ran until Nov. 8. 12