Governor Holcomb attended Hungary-Indiana Business Forum at HIPA headquarters

Governor Holcomb attended Hungary-Indiana Business Forum at HIPA headquarters

László Szabó, Deputy Minister of Foreign Affairs and Trade holding his speech

Governor Eric J. Holcomb and Indiana Secretary of Commerce Jim Schellinger, together with Dr László Szabó, Deputy Minister of Foreign Affairs and Trade attended a business forum hosted by the Hungarian Investment Promotion Agency (HIPA) to foster overseas partnerships and advance innovation. Governor Holcomb and his delegation also met managers of US companies operating in Hungary, Hungarian government officials and start-ups to encourage economic cooperation between Indiana and Hungary.

Eric J. Holcomb, Governor of Indiana

Eric J. Holcomb, Governor of Indiana

Indiana, which is similar in size, population and GDP to Hungary, is the first U.S. state to establish such a relationship with our country. Hungary, which is home to 1,700 American companies employing approximately 100,000 people, has recently introduced measures to further improve Hungary's international competitiveness by focusing on innovation, technology and R&D.

Governor Holcomb and Indiana Secretary of Commerce Jim Schellinger attended a business forum hosted by the Hungarian Investment Promotion Agency (HIPA) in order to establish overseas partnerships to advance innovation which has mutual benefits for both Indiana and Hungary.

Jim Schellinger, Secretary of Commerce of Indiana

Jim Schellinger, Secretary of Commerce of Indiana

In his opening remarks, Dr László Szabó, Deputy Minister of Foreign Affairs and Trade underlined the commitment of the Hungarian Government to the business-friendly investment environment, by reducing the corporate tax rate to 9%, which is the lowest in the European Union.

Jim Schellinger, dr László Szabó, Eric J. Holcomb, Tünde Kis and dr Sebestyén Tamás

Jim Schellinger, dr László Szabó, Eric J. Holcomb, Tünde Kis and dr Sebestyén Tamás

The Governor also met with executives of Indiana companies operating in Hungary, including Allison Transmission, Eli Lilly and Remy International.