Uploaded: Tuesday, March 10, 2015
The Hungarian Investment Promotion Agency (HIPA) has organized another automotive summit after 2014 with the participation of the largest domestic automotive companies, suppliers, professional organizations and government representatives. Minister of Foreign Affairs and Trade Péter Szijjártó reviewed the performance and outlined the future prospects of this growth sector, which had a production value of about 6,651 billion forints and employed over 132,000 people last year.
Uploaded: Tuesday, March 03, 2015
The automotive industry had another exceptionally good year last year, declared the Hungarian Investment Promotion Agency (HIPA) in its summary of the year 2014. In terms of volume, more than half of the investments managed by HIPA in 2014, i.e. EUR 868 million was linked to investments in the automotive industry, while in terms of employment almost 32 percent of new jobs (3,500) were related to investments in the sector. A key objective of the organization is to increase the proportion of Hungarian companies in the supplier chain of large corporations of the sector. To this end, HIPA operates a large-scale supplier program, thereby contributing both directly and indirectly to the creation of new jobs in 2014.
Uploaded: Thursday, February 05, 2015
Javier González Pareja, CEO of Bosch Magyarország, was recognized as the most important foreign CEO in Hungary at a gala held last night to present the first annual BBJ/HIPA Expat CEO Awards. Kersten Bachmann, CEO of TAKATA Safety Systems Hungary Kft., received the HIPA Local Partnership award in recognition of his firm's use of local suppliers.
Uploaded: Tuesday, January 20, 2015
The Hungarian Investment Promotion Agency took part in the launching of 60 new investment projects worth over 1.66 billion EUR, thus achieving an outstanding performance among its peer organisations within the region, according to the announcement made at the press conference held by HIPA today. Due to the activity of the organisation established for the support of working capital investments, nearly 11 thousand new workplaces have been created, which is a 51% increase compared to 2013. Among investment projects launched in 2014 the highest invested amount, around half a billion Euros, comes from investors from India. Investments in automotive industry continue to be on top of the list of all industrial branches, followed by the renewable energy sector, chemical industry and services centres attracting a total foreign direct investment worth 524 million EUR.
Uploaded: Wednesday, December 24, 2014
Uploaded: Friday, December 19, 2014
The Motorist Greatcoalition comprising of enterprises that produce, distribute, use and service automobiles and HIPA signed a cooperation agreement last Friday out of whose primary objectives it is worthwhile to strongly emphasize the development of the national automotive industry and the strengthening of advocacy.
Uploaded: Thursday, December 18, 2014
Established in 2004, HELL ENERGY Hungary Ltd. (HELL) has become a major player on the domestic and international energy drink market within a short time. With a view to supporting its investment activities and implementing its expansion plans, the company signed a cooperation agreement with the Hungarian Investment Promotion Agency (HIPA) today. The document stipulates that the parties will make joint efforts to involve as many Hungarian companies into HELL’s supplier chain as possible. Moreover, the cooperation is an excellent example of how HIPA supports the job-creating investments of not only foreign investors but of Hungarian companies as well.
Uploaded: Tuesday, December 16, 2014
The Hungarian Investment Promotion Agency (HIPA) and SARIO (Slovenská Agentúra pre Rozvoj Investícií a Obchodu), the investment promotion organization of Slovakia signed a cooperation agreement in Bratislava on Monday. The stated objective of the agreement is to create three thousand new jobs in the border regions in both countries in 2015.
Uploaded: Friday, December 12, 2014
The Hungarian Investment Promotion Agency (HIPA) and LAFARGE Cement Magyarország Kft., a significant player of the exceptionally successful Hungarian construction industry, signed a memorandum of understanding last Friday in Budapest. The document stipulates, among other things, that the parties will make joint efforts to involve as many domestic companies and institutions of education as possible in the company’s training, innovation and R&D programs.
Uploaded: Tuesday, December 02, 2014
The automotive parts manufacturer will officially announce its Hungarian investment on November 28 within a several-day visit of Viktor Orbán and Péter Szijjártó to South Korea. HIPA President Róbert Ésik also left for the Far East country as member of the delegation headed by the Hungarian PM, where he participated in several business meetings and B2B discussions.