The Hungarian Investment Promotion Agency (HIPA) had a record year in 2015, the agency announced on Thursday. It successfully negotiated 67 investment projects, 12% more than in the previous year. As a result of these projects, nearly 13,000 new jobs may be created, which is almost 21% more than in 2014, it added.
HIPA, which was created to identify and support working capital investment and to promote reinvestment, performed efficiently in 2015. It took part in the launch of 67 projects, indicating a growth of nearly 12% over the year 2014. The overall picture is even more favourable in terms of jobs: 12,995 new jobs were created as a result of investments made in 2015, surpassing the figure for the previous year by nearly 21%. As a result of the investments, foreign capital worth in total more than EUR 1.4 billion, that is, almost HUF 435 billion is coming into the country, HIPA said on Thursday.
As regards the sectoral and relational distribution of the projects, 14 projects last year were started by German companies (which accounted for 31% of all created jobs) and 11 projects by US companies, while Hungarian companies were involved in positive decisions on 8 projects. In regard to sectoral distribution, the automotive industry is involved in 17 projects, the business services sector (SSC) in 12 projects and the information and communication (ICT) sector in 7 projects.
In terms of the sectoral distribution of the new jobs, the automotive industry continues to lead the ranking with 33%, followed by the business services sector (SSC) with 17% and the food industry with its nearly 12% share; these three key sectors account for approximately 62% of the newly created jobs.
HIPA is currently managing 169 active investment projects pending a decision. If after the conclusion of negotiations, these projects are implemented with current parameters, more than 27,000 new jobs will be created through these investments, resulting in the investment of about EUR 4.6 billion.
“Due to the 67 positive decisions, 21 companies which previously were not present in Hungary will start activities in the domestic market, while 46 companies will implement reinvestment,” commented Péter Szijjártó, Minister of Foreign Affairs and Trade.
The Agency “will aim to ensure that the number of high value-added projects and the share of investments in the rural locations will further increase,” added Róbert Ésik, President of HIPA. via portfolio.hu