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HIPA Named Region’s Best Investment Promotion Agency

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The Hungarian Investment Promotion Agency has been voted the “Top Investment Promotion Agency, Eastern Europe & Central Asia”, while the country itself has been named among the ten best investment locations in the world and topped two categories in the region, according to the Site Selection “Global Best to Invest 2018” report.

The survey is published annually by Site Selection, the professional magazine of the U.S.-based Conway, Inc. consultancy firm. It is based on Conway’s database of capital investments into private-sector facilities, which includes projects representing an investment of at least USD 1 million, creating at least 20 jobs or requiring 1,900 square meters of newly developed space. The report also takes into consideration various international competitiveness rankings.

“The ‘Top Investment Promotion Agency, Eastern Europe & Central Asia’ award is both an honor and important feedback, showing that HIPA implemented the appropriate strategy and that the quality of our one-stop shop management consultancy services are exceptional even on an international level,” commented Róbert Ésik, the president of the agency.

Generating Value

“HIPA has supported nearly 300 successful investment projects between 2014 and 2017. These projects will create more than 58,000 new jobs with an investment volume of more than EUR 10 billion. I am sure that, through our company-specific services, we will continue to generate value for our partners and for Hungary, and our customer base will continue to grow,” Ésik added.

The latest “Global Best To Invest” survey is based on data from 2017 and was published at the beginning of this month. Hungary was ranked among the top ten in three categories, and named as the best country for investment in the Eastern Europe and Central Asia region. It also achieved number one ranking for investment volume per capita.

The country was placed eighth in the global ranking based on the number of investment projects. That list was topped by China, followed by Germany, India, the United Kingdom, Poland, the Netherlands, and Mexico. After Hungary, and rounding out the top ten, came Australia and Romania.

According to a HIPA press statement put out marking the award, Site Selection is one of the most popular magazines on investment, site selection and economic development in the United States. It has been in circulation for 60 years, and its readers on average contribute to a total of 130 investment projects worth USD 12 billion per month.

As well as measuring investment destinations, the survey also looked at national and regional investment promotion agencies. With feedback from more than 1,000 international consultants, a jury of FDI professionals and Site Selection experts named HIPA the top investment promotion agency in Eastern Europe and Central Asia.

Managed by the Ministry of Foreign Affairs and Trade, HIPA, as its name suggests, has a main focus on investment promotion. It received the award based on its results in promoting FDI, the quality and complexity of services offered to customers, the expertise, language skills and customer-friendly attitude of its employees and the feedback of investors already established in the country. The official awards ceremony will take place at “The World Forum for FDI” event in Liverpool next month.

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