Our first event in 2020 will focus on new growth models for CEE and on the growth of the Hungarian economy. It will be our first joint event with Ass. Prof. Arnold Schuh and his students from the Competence Center for Emerging Markets & Central and Eastern Europe of the WU, who are visiting Budapest. Our host will be Zsolt Raveczky, Board Member of UNION VIG Insurance


Monday, February 24, 2020    

18:00 – 21:00 (arrival from 17:45)

UNION VIG Biztosító Zrt. (Kalvin Tower), 1082 Budapest, Baross utca 1. (9th floor)



Welcoming Speech

Zsolt Raveczky, Board Member of UNION VIG Insurance (www.union.hu)

Welcoming Speech and a few words about the Austro-Hungarian business relations

Jürgen Schreder, Austrian Trade Commissioner in Hungary


New Growth Models for CEE

Ass.Prof. Dr. Arnold Schuh, Director of the Competence Center for Emerging Markets & CEE, WU (www.wu.ac.at/en/emcee)

The last three decades have shown a successful catching-up process of the EU-CEE economies. International openness, a re-industrialization of the economies, integration into the EU and a highly qualified workforce have been major elements of the success. So far the economic model has been based on cost advantages that attracted huge direct investments from abroad. As a result, nearly all of the EU-CEE countries have achieved high-income status. But will the efficiency-driven model work in the future too? While the countries occupy different positions in this catching-up process, investments in infrastructure, regulations, education and innovation are seen as major drivers of future growth.

Arnold Schuh is Director of the Competence Center for Emerging Markets & Central and Eastern Europe and Assistant Professor at the Vienna University of Economics and Business (WU Vienna). He is also Adjunct Associate Professor of International Business Studies at the Carlson School of Management, University of Minnesota, USA, and Honorary University Professor at Corvinus University of Budapest, Hungary.

His primary research areas are marketing and strategic management in CEE and Europe. Current research focuses on strategies and current management challenges of foreign multinational companies in CEE, the internationalization and competitive strategies of local firms in CEE (“Local Heroes in CEE”) and China’s Belt and Road Initiative. In addition to his academic work, Arnold Schuh has served as a consultant and management trainer.


Hungary is Catching Up

Ernő Aradi, Senior Asset Manager and Dániel Gyurkó, Asset Manager, UNION VIG Insurance

The Hungarian economy has been catching up quickly in the past few years to the economic growth of the EU, but from how far has it come? What are the main similarities and differences to the growth? What are the main tools and their characteristics?


GET-TOGETHER with drinks and snacks sponsored by UNION VIG Insurance


Registration till February 20, 2020

Please note that we have to send the names of the participants to UNION VIG Insurance before the Get-Together. The information is needed for security reasons when entering the building.

During the event, pictures will be taken. The pictures may be used by the WU and the UNION VIG Insurance in marketing publications including its own websites. If you do not want to be shown on any picture please indicate it in your registration. Otherwise you agree pictures showing you can be used for the aforementioned purpose.

We would like to thank Zsolt Raveczky and UNION VIG Insurance for hosting this event and our Alumnus Botond Fehér (who introduced us to UNION VIG), Jürgen Schreder and last, but not least, Arnold Schuh for initiating this event.