13.09.2016 - 17.09.2016 — Hall: 6.3 Stand: B 70
The Hungarian Investment Promotion Agency (HIPA)
The Hungarian Investment Promotion Agency (HIPA) is the professional government organisation with the goal to promote investment in Hungary.
HIPA provides information in a one-stop shop system about the Hungarian business environment, the domestically-financed and European Union co-financed programs and funding opportunities. It offers free of charge its project management services tailored to meet the specific needs of companies.
Within this framework, it recommends investment locations, organises site and reference visits, B2B events and meetings with experts. Upon request it helps to identify and find suppliers and offers to put together a list of experts. The Agency is actively involved in the preparation of government support of investments.
HIPA also organises events to promote international investment and welcomes business delegations. It handles its own project portfolio, the (Hungarian Investment Projects – HIP), that contains projects certified by experts that are awaiting foreign capital input. It promotes the re-investment by companies already present in Hungary.
The Hungarian investment environment is increasingly recognised abroad, too: according to the investment annex of the Financial Times Group to the fDi Magazine, which is highly prestigious in professional circles, Budapest continues to be featured in the top ten list of the most attractive Eastern European cities and is also included in three subcategories of the top ten list of the most important European cities. It is another significant success that besides Budapest, Győr was included in the top list of smaller cities for the first time, and Central Hungary and Transdanubia also received recognition among the regions.
The ideal spot for your investment plans
Hungary’s ideal geographical location, continuously expanding road and railway network and itsskilled local labour force offer investors a permanent competitive advantage.
In recent years the government has adopted several policies specifically designed to serve the interests of foreign investors.
§ You can make the most of Hungary’s strategic location: both Western and Eastern European markets are easily accessible.
§ You can benefit from highly developed logistics and telecommunications infrastructure.Hungary is an integral part of the Trans-European Transport Network (TEN-T) and is located at the crossroads of four Trans-European and two ERTMS (European Rail Traffic Management System) corridors, enabling easy access to all parts of Europe. Major European ports are close, as are the growing markets of CEE, CIS and SEE.
§ You can rely on globally acknowledged human capital at a reasonable cost: the Hungarian labour force is well qualified and cost effective.
§ You can count on the Hungarian government’s commitment to further improve the business climate. In order to improve the business climate, the government
o reduced the corporate tax rate to the lowest level in the CEE region,
o created a new and more flexible labour code in favour of employers,
o restructuredtertiary education in accordance with labour market expectations, and
o created free enterprise zones with special tax and contribution allowances.
§ You can benefit from an investor-friendly legal environment and labour code; the Hungarian legislative provisions are fundamentally harmonised with European law.
§ We can offer incentives.One of Hungary’s competitive advantages over other countries in the region is the government’s strong commitment to streamline business processes and increase the competitiveness of SMEs and large firms in Hungary. To make this happen, a wide range of incentives is offered – both refundable and non-refundable – to facilitate foreign direct investments and reinvestments by local enterprises.