HIPA Brought 4.3 Billion Euros To Hungary In 2018

  • 14 Feb 2019 7:59 AM
  • Hungary Matters
HIPA Brought 4.3 Billion Euros To Hungary In 2018
The Hungarian Investment Promotion Agency (HIPA) successfully concluded negotiations on 98 projects last year, bringing more than 4.3 billion euros of investments to the country, business daily Világgazdaság said.

The investments will create more than 17,000 jobs, HIPA told the paper.

The investments included 28 by German-owned companies. These added up to almost 2 billion euros and will create 7,800 jobs.

US-owned companies decided on 15 investments worth a combined 215 million euros, creating 1,954 jobs. The largest number of investments were in the automotive industry: a total of 36 investments worth 2.6 billion euros will create almost 11,000 jobs in the sector.


MTI Photo: Balogh Zoltán

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

  • Mercedes Plant Expansion in C Hungary on Schedule

    Mercedes Plant Expansion in C Hungary on Schedule

    • 9 Apr 2024 6:54 AM

    Foreign Minister Péter Szijjártó on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.

  • Winner of Expat CEO in Hungary for 2024 Announced

    Winner of Expat CEO in Hungary for 2024 Announced

    • 24 Mar 2024 5:21 AM

    Chresten Bruun, general manager & senior vice president, EMEA Manufacturing in the Lego Group, won the Expat CEO of the Year title at the Budapest Business Journal’s annual awards gala, which was held for the 10th time on March 23 in the Grand Ballroom of the Corinthia Hotel Budapest.

  • Number Of Registered Jobseekers Falls to All-Time Low in Hungary

    Number Of Registered Jobseekers Falls to All-Time Low in Hungary

    • 3 Mar 2024 5:16 AM

    The number of registered jobseekers in Hungary fell by 10,000 to 235,400 last month, an all-time low for the month of February, the state secretary for employment policy said on Friday, citing data from the National Employment Service (NFSZ).

Enjoy more

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.