HIPA hands out investor awards


Minister of Foreign Affairs and Trade Péter Szijjártó addresses the HIPA Investors of the Year 2021 awards.

Photo courtesy of HIPA

The Hungarian Investment Promotion Agency has handed out its annual investor awards in six categories at a gala event at the Vigadó Concert Hall in Budapest yesterday (March 30).

2021 was a record-breaking year in terms of investment volume for HIPA-guided projects, the agency said. Total investment volume reached a new high of nearly EUR 5.9 billion, and the largest single FDI greenfield investment to date was also made by South Korea’s SK On, worth EUR 1.9 bln. Some 96 large projects accounted for investments of up to EUR 5.3 bln, more than half of which are linked to South Korea alone. Asian investors overall were responsible for roughly 60% of FDI. In total, eight deals worth more than EUR 100 million were closed.

Most projects were brought to Hungary by Germany, which was involved in 24 deals, with the United States second with 11. South Korea finished third with nine projects and also topped the job creation category with some 3,500 new jobs. German and American investors were the other top work place creators last year.

The awards, presented by Minister of Foreign Affairs and Trade Péter Szijjártó and Róbert Ésik, the CEO of HIPA, went to SK On Hungary (Largest Greenfield Investment of the Year), Becton Dickinson Hungary (Business Expansion of the Year), EY Global Delivery Services Hungary (Business Services Center Investment of the Year), Ericsson Magyarország (R&D Investment of the Year), Debrecen, Southern Economic Zone (Industrial Park of the Year), and Cascade Engineering Europe (Supplier of the Year).

For a more detailed report on the awards and the evening, see the upcoming April 8 print issue of the Budapest Business Journal.



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