HIPA welcomes new Vice President of Business Development


István Papp has been appointed Vice President of Business Development at the Hungarian Investment Promotion Agency (HIPA), with a brief to develop supplier relationships and serve financial investors, according to a HIPA press release issued today.

Papp, a former managing director of Microsoft Hungary, is described by HIPA as an expert with a proven track record of success in the international business environment. He will be responsible for developing the role of domestic SMEs as suppliers in large investments, while offering investment ideas to financial investors in Hungary. 

In his new position, Papp’s main task will be to provide support to developing relationships with Hungarian small and medium-sized enterprises (SMEs) in order to facilitate their highest possible involvement in investors’ supply chains. In addition to this, priority tasks will include mapping, professional evaluation and promotion among potential investors of – typically novel – investment projects and ideas that are based on a unique idea, the implementation of which requires an external source of financing and/or involvement of financial partners, says the press release.

Papp has more than 21 years of experience in the ICT and telecom sectors, and has held senior positions at a number of large international companies. In his previous job, he was in charge of Microsoft’s regional business activities in the Asia and Pacific region. Prior to that, he spent four successful years as managing director of Microsoft Hungary. Before joining Microsoft in 2011, he held senior positions at several international companies, including the position of deputy CEO of Magyar Telekom, as well as managing director of Cisco’s South-East Europe region.

“By strengthening the field of business development, on the one hand, more attention can be devoted to supporting Hungarian SMEs in order to facilitate their inclusion in the scope of suppliers working for foreign investors,” said HIPA President Róbert Ésik. “In addition, the appointment of István Papp will make it possible to ensure that Hungarian ideas and projects whose implementation requires equity financing receive special attention in future.”

“As a company manager, I have always put great emphasis on increasing the competitiveness of our economy and on improving Hungaryʼs international reputation,” Papp said. “I feel honored by the great opportunity that in the future – through my experience and international contacts – as HIPA’s Vice President, I will be in the position to directly support Hungary’s development.”


Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.