HIPA helps bring €1.66 bln to Hungary

Pharma

With the help and involvement of the Hungarian Investment Promotion Agency (HIPA), 60 investments were launched with a total combined value of more than €1.66 bln, which helped create approximately 11,000 jobs in Hungary, HIPA Chairman Róbert Ésik said yesterday.

Among the top investors were East Indian companies at €500 mln, Chinese companies with €200 mln and Japanese with €150 mln. Approximately €870 of these investments were made within the automotive industry.

The most jobs, approximately 2,700, were created by U.S. companies, while Indian investments are expected to create 1,600 jobs and German investments 1,400. New investments in the automotive industry will create 3,500 jobs, while 3,500 jobs have been created at service centers.

This data was revealed following Hungarian Prime Minister Viktor Orbán's criticism of the flow of economic immigrants into Europe, according to reports.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.