HIPA assists €1.33 bln worth of investment in H1
Image by Pixabay
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.
ADVERTISEMENT
Hungary PMI Edges up to 47.4 in September
Ukraine Suspends OTP Status on 'Sponsors of War' List
Karikó and Weissman Receive 2023 Nobel Prize in Medicine
Pálinka Added to EU-Japan Geographical Indication Deal
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.
