Events & Awards

The Hungarian Investment Promotion Agency is best in the region

For the second time in a row, the Hungarian Investment Promotion Agency (HIPA) was voted as the best investment agency in the Central and Eastern European region.

Tamás Menczer, State Secretary for the International Representation of Hungary, reported that HIPA had been awarded at one of the most important foreign direct investments (FDI) events in the world, the Annual Investment Meeting (AIM).

AIM is a multi-day series of events attended by top-level corporate players, government decision-makers, entrepreneurs and researchers from all over the world, with the aim of getting acquainted with current trends and strategic approaches. The main topic of the 2020 conference, held online, was the economic crisis caused by the global pandemic, as well as the possibilities of dealing with its effects.

The state secretary pointed out that HIPA received the award for its outstanding performance. In 2019, Hungary received 101 investments, with a total value of EUR 5.3 billion, and created 13,493 new jobs. 

Menczer highlighted that during the coronavirus epidemic, 904 businesses applied to HIPA and the support program of the Ministry of Foreign Affairs and Trade, pledging to make investments and save 155,000 jobs. 

Hungary has strengthened its position in the key field of electromobility. Now a center for the sector in Europe, it has attracted more than EUR 3.5 billion in electromobility investments in the last three years, creating more than 6,000 jobs. Southeast Asian companies play a key role in this success, Róbert Ésik, CEO of HIPA said. He cited as an example SK Innovation, which has established its first and only European production units in Komárom, providing more than 2,500 new jobs for the region.

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