HIPA assists €1.33 bln worth of investment in H1

Int’l Relations

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In the first half of the year the Hungarian Investment Promotion Agency (HIPA) was involved in the launch of 38 investments in Hungary, with a combined value of €1.33 billion, state secretary Levente Magyar announced today at a press conference.

The investment projects realized in the first half this year created a total of 8,529 new jobs in the country, HIPA chairman Róbert Ésik said.

The majority of investments in the country, eight in all, were made by U.S.-based companies, according to HIPA. The United State was closely followed by Germany, with seven companies investing here.

Ésik noted that, broken down by sector, the automotive and vehicle manufacturing industries still dominate in terms of the number of foreign investments made, as well as in terms of the value of the capital invested.

HIPA is expecting to conduct talks in the second half of the year with 169 companies, who are planning to invest a total of €5 bln of capital in the country, Ésik said.

Out of the 38 projects realized in the first half of the year, 25 were supported based on individual government decisions, and the government funding in those cases covered 16% of investment costs on average, Ésik said, according to Hungarian news agency MTI.

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