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Tasks and Objectives of the Hungarian Investment Agency

Tasks and Objectives of the Hungarian Investment Agency. Róbert Bödőcs Vice President. Introduction of H IPA. Recent birth of HIPA. Investment Promotion Increase FDI inflow Assistance for companies already present in Hungary Export promotion → Hungarian National Trading House.

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Tasks and Objectives of the Hungarian Investment Agency

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  1. Tasks and Objectives of theHungarianInvestmentAgency Róbert Bödőcs Vice President

  2. Introduction ofHIPA

  3. Recentbirth of HIPA • Investment Promotion • Increase FDI inflow • Assistance for companies already present in Hungary • Export promotion → Hungarian National Trading House

  4. Whoweare • Governmental agency for investment promotion supervised by the Ministry of Foreign Affairs and Trade • Full scale services: one-stop shop for foreign investors • Our team: 80 employees in the HQ and a network of colleagues abroad

  5. Automobile Industry Top Sectors • Electronics • SSC • Food Industry • Renewable Energy • Pharma, Biotechnology • Chemical Industry

  6. Investment promotion services Pre-decision Implementation Operations • Tailored information packages on the economy, industrial sectors, incentives, business environment, supplier network • Assistance in location search and evaluation • Organization of site visits and partner meetings • Supplier search • Providing information on permitting procedures • Assistance in identifying incentives • Intermediate Body for VIP cash incentive (preliminary information, application) • Expansion assistance • After care services • Intermediary body between the government and the companies • Supplier search

  7. Available Incentives • Cash grants • EU co-financed tenders • OR • Cash subsidy based on the decision of the Hungarian Government (EKD) • Development tax allowance • Training subsidy • Job Protection Action Plan

  8. Conditions of cash subsidybasedonthedecision of theHungarianGovernment • Basedonjobcreation • Incase of assetinvestment InCentral Hungary wheresubsidymay be grantedincase of assetinvestmenttheconditionsare min. EUR 20 millioninvestmentvolume and 100 newemployees, basedonjobcreationtheconditionsare min. EUR 10 millioninvestmentvolume and 100 newemployees. AccordingtotheapplicablelegislationinCentral Hungary subsidymaynot be grantedforcapacityexpandinginvestments of largecompanies.

  9. Supplier development activity of HIPA (I.) • Emphasized sectors • automotive • electronics • machineindustry • Supportedsectors: • Indirect, productiveactivitiesthat do not directly contribute to the production of goods, such aspackaging, logistics, engineeringservices, etc.

  10. Supplier development activity of HIPA (II.) • Our services for integrators • Regular personal meetings with management for setting up and reviewing supply strategy and project plan • Longlist business contacts about possible Hungarian suppliers • Shortlist business contacts to maximize the chance of the successful cooperation • Match-making between the OEM and the suppliers • On request establishing business relationship and consultancy with other governmental organs • Training services for the integrator’s suppliers according to the company’s needs and requirements

  11. Hungarian InvestmentProjects (HIP) • HIP database– A collection of approved private investment project offers. • 33 projects - 1.4 billion EUR funding requirement • Sectors: • Agriculture and Food Industry • Capital Goods Manufacturing • Renewable Energy • Medical, Recreational and Wellness Tourism • Innovation • Real Estate • Overall project budgets ranging from EUR 1.5 million to EUR 1000 million.

  12. HIPA Resultsin 2013 • 35positivedecisions • 1.2 billion euro of FDI • 7,000 newjobs More than 20.000 jobsto be created 200 investmentsprojects

  13. Main decisions in 2013 • Coloplast(40,8 m EUR; 701 jobs) • OPEL (60 m EUR) • ZF Lenksysteme(80 m EUR) • Hankook(303 m EUR; 950 jobs) • Hewlett-Packard (175 jobs) • Samsung (100 jobs) • Procter & Gamble (59,5 m EUR; 150 jobs) • Bridgestone(237 m EUR; 505 jobs) • Systemax(200 jobs) • Bosch (60 m EUR; 500 jobs) • Flextronics(200 jobs) • Takata(68.3 m EUR; 1000 jobs) • Greif ( 50 jobs)

  14. Mainpositivedecisions in 2014 so far • Alumetal(30 m EUR; 150 jobs) • Samsonite (8 m EUR; 110 jobs) • Ecosolifer(23,5 m EUR; 100 jobs) • Pactera(11,50 m EUR; 230 jobs) • GE SSC ( 53,90 m EUR; 1300 jobs) • Snap-on (0,8 m EUR; 10 jobs) • Emirates (300 jobs) • Computacenter (220 jobs)

  15. Budapest is thebest FDI locationintheregion Budapesthas been ranked the most attractive city in Eastern Europe in 2014-15.

  16. Róbert Bödőcs Vice President Hungarian Investment Promotion Agency robert.bodocs@hipa.hu

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