HIPA: Investment incentives in Hungary exceeded 10 billion euros for the second year in a row last year

By: Trademagazin Date: 2025. 01. 16. 11:19

Last year, the inflow of direct capital into Hungary exceeded ten billion euros for the second consecutive year; in 2024, a decision was made to launch 77 projects, representing almost 10.3 billion euros of fresh capital and 18,500 new jobs, the HIPA National Investment Agency announced on its website.

According to the statement, 2024 was the second best year in HIPA’s ten-year history after the record year of 2023, when the total value of direct capital investments affected by the positive decision exceeded 13 billion euros.

The results of 2024 justify the policy of opening to the East and the strategy of connectivity

– they noted.

51 percent of all investments came from China, more than a quarter from South Korea, worth 5.2 billion and 2.6 billion euros respectively. The total value of investments from Asian countries amounted to 8.2 billion euros, it was highlighted.

Ten investments came from Hungary’s number one partner, Germany, followed by China and the United States, tied for second place, with 7 investments each.

Hungary plays a bridge role between Western car manufacturers and Asian battery manufacturers, which is in line with the policy of economic connectivity and economic neutrality

– the statement quoted István Joó, CEO of HIPA.