Uploaded: Thursday, June 18, 2015
During the first five months of the year, the Hungarian Investment Promotion Agency (HIPA) has cooperated on the launch of 27 investment projects, at a total value of more than EUR 548.82 million (HUF 171.7 billion*). The achievement of the Agency has recently been acknowledged by a prestigious foreign trade publication; journalists were told at HIPA's press conference today. As a result of the activity of the organisation this year, established in order to support foreign direct investment, approximately 5.597 jobs are being created. Compared to the equivalent period of 2014, that figure represents a growth rate of 40.2%. Most new jobs (34% of all new jobs created) have been the result of German investment. Broken down by industry, on the basis of the number of new jobs created, automotive investments continue to lead the statistics. They are followed by investments made by business services centres (the SSC sector), the food industry and medical instruments manufacturing.
Uploaded: Thursday, June 18, 2015
The Dutch company Snoeks Automotive contacted HIPA this spring, asking for our assistance in building out a new supplier base in Hungary. The sectors that can offer potential suppliers for the Dutch company were selected during personal talks. Among others, they would like to involve metal-working, plastic processing, part manufacturing and...
Uploaded: Wednesday, June 17, 2015
French investors may find several promising investment opportunities in Hungary if they take advantage of state aid and EU tender opportunities. Detailed information was provided to members of the Hungarian-French Chamber of Commerce and Industry (MFKI) about the Hungarian investment environment, reinvestment opportunities, the related state aid opportunities and EU funding through tenders at the investor forum organized by the Hungarian Investment Promotion Agency (HIPA) and MFKI. Great significance was attached to the event given the fact that France is the sixth* largest capital investor in Hungary, and further major investment and expansion opportunities may open up as a result of the conference.
Uploaded: Friday, May 22, 2015
The economic cooperation between Hungary and India is expected to enter an extremely dynamic phase of development, said Péter Szijjártó, who had talks with members of the local political and economic circles in Mumbai, the financial and trading centre of India on Wednesday. Róbert Ésik, the President of the Hungarian Investment Promotion Agency...
Uploaded: Wednesday, May 20, 2015
On 20 May, at a signing ceremony the Hungarian Investment Promotion Agency (HIPA) joined the Cooperation Agreement for Automotive Higher Education and Research (JEM). The patron of the event was Dr. László Palkovics, State Secretary Responsible for Higher Education of the Ministry of Human Capacities. HIPA Vice President Róbert Bödőcs, together with the heads of the participating seven higher education institutions and MTA SZTAKI (Institute for Computer Science and Control of the Hungarian Academy of Sciences) outlined the objective and next steps of the programme at a round-table discussion.
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: Monday, February 25, 2013
The Hungarian Investment and Trade Agency (HITA) is the first to set up a supplier database in Hungary. Hungarian companies seeking to supply goods to the automotive and electronic industry and suppliers that wish to broaden their customer base are invited to register. The database is a platform combining the demand of enterprises and the spare capacities of Hungarian companies that occupy a lower tier in the supplier pyramid, thus functioning as a direct, virtual marketplace operated by HITA.