Hungarian Investment Promotion Agency

The Ministry of Economy and Energy (GEM) has restarted the investment incentive decision-making process by convening the first meeting of the newly established Investment Committee.

As a result, the HIPA Hungarian Investment Promotion Agency has been authorised to move forward with the next stage of negotiations on eight investment projects. These include projects by both prospective new investors considering Hungary as an investment location and companies already operating in the country that are planning further expansions.

HIPA will now continue detailed discussions with investors. This enables the parties to assess project commitments, the expected economic impact and the conditions for potential government support.

At the same time, GEM is reviewing investment incentive applications submitted under the previous administration to ensure that future decisions are based on transparency, accountability and measurable economic value. The Government is committed to ensuring that companies see Hungary as a country where investment decisions are taken in a predictable, timely and responsible manner.

Hungary remains open to new investors and committed to supporting companies that choose to expand their operations in the country. The Government's objective is to attract investments that strengthen innovation, competitiveness and sustainable economic growth.