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HITA brings more than €924 mln in investments to Hungary

The Hungarian Investment and Trade Agency (HITA) coordinated 24 positive decisions last year by foreign companies on more than €924 million in investments, HITA deputy chief György Kerekes said at a press conference on Wednesday.

The investments will result in the creation of more than 5,700 jobs in the near future, Kerekes said.

Last year, HITA's project management departments handled 83 projects and 70 inquiries. The projects were mainly in the vehicle manufacturing and electronics industries, but growing interest was also seen in the food and logistics sectors. Most of the projects involved investors from the United States, Germany and Asia.

Last year, HITA managed 13 investments that are being awarded subsidies based on one-off government decisions. The big investments are worth more than HUF 210 billion and will create about 4,500 jobs.