HIPA helps bring €1.66 bln to Hungary
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.
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