Speaking at the Best Investors of the Year ceremony, Minister of Foreign Affairs and Trade Peter Szijjarto noted that 77 big investment projects had been launched in Hungary in 2024, bringing EUR 10.3bn to the economy and creating 18,500 jobs.

He added that projects set to finish in 2025, such as German car maker BMW's plant in Debrecen and Chinese EV manufacturer BYD's factory in Szeged would pave the way for a "breakthrough year".

HIPA recognised Chinese-owned Wanhua Chemical with the "Lifetime Award for Significant Investor". Wanhua acquired Hungarian peer BorsodChem in a EUR 1.2bn transaction in 2011. Wanhua turned BorsodChem around, making it profitable in four years through financing resources, technology and knowledge transfer, as well as Chinese–Hungarian teamwork.

Hungarian soft drink maker Hell Energy was presented the "Award for Continuous Reinvestment". Hell Energy inaugurated an expansion of its plant in Szikszo (NE Hungary) in the spring. Hell Energy has a presence in more than 60 countries and is market leader in ten.

Bamo Technology Hungary, a unit of China's Huayou Cobalt, was acknowledged as "Newcomer Investor". Bamo is building a EUR 1.3bn cathode material factory in Acs (NW Hungary).

The "Award for "R+D Investment" went to US-owned software as a service company Diligent which set up a product innovation centre in Budapest in 2021.

Videoton Holding, a Hungarian-owned electronics manufacturing services company, took the "Best Supplier" award. Videoton employs close to 8,500 people and has nine bases in Hungary and one in Bulgaria.

The local council of Miskolc (NE Hungary) was acknowledged for "Best Industrial Park" and LG Magna e-Powertrain Hungary was recognised for running the "Largest Training Programme".

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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