Hungarian Chamber of Commerce and Industry

Act XVI of 1994 on the Chambers of Economy provided for there-introduction of the chambers as bodies of public law. The Act stated that the chambers were to be responsible for fostering the development and organisation of the economy, for encouraging business growth, guaranteeing fair market practices, and assisting the general and joint promotion of interests among st those conducting business activities.
On the basis of the new Chamber Act adopted by Parliamentin 1999, the Government abolished compulsory chamber membership as of November 2000. At the extraordinary chamber election taking place on October 30, 2000, Dr. László Parragh, the CEO of Parragh Rt. was elected President, a post he has been holding eversince.
In addition to its traditional tasks, SME promotion and fostering capital exports have also become local objectives for the Chamber.
At international level, the Chamber's main objectives include assistance to Hungarian entrepreneurs in foreign markets and exploring new partnership opportunities, in particular with neighbouring countries. The Chamber’s membership to the Eurochamber and the ICC in 1990 opened  new ways for an intensive lobbying activity.