Hungarian Investment Promotion Agency

Site Selection is the professional magazine of the US based capital investment consultancy firm, Conway. It is among the most popular magazines on investment, investment site selection and economic development in the US. The readers of the magazine, that has been published under the same title since the 1950s, contribute to investments worth USD 12 billion on average each month.

The Global Best To Invest survey is published annually and it is based on the Conway database of foreign investments. It also takes into consideration various international competitiveness rankings. Investment projects included in the survey must involve a working capital investment of at least USD 1 million, create at least 20 jobs or require 1,900 square meters of newly developed real estate space.

Our country has ranked as the best of the Central and Eastern European region both concerning total investment volume and investment value per capita in the survey. As for the number of investment projects, Hungary is among the top 10 once again, together with countries like China, German or the United States.

Global Best To Invest 2019 also investigated national and regional investment promotion agencies (IPAs). Based on the survey that included 1,000 international consultants, the board made up by investment professionals and the staff of Site Selection named Hungarian Investment Promotion Agency (HIPA) as the Top Investment Promotion Agency of the Central Europe & Central Asia region for the second time.

The Agency – governed by the Ministry of Foreign Affairs and Trade and engaged in investment promotion – managed almost 400 successful investment projects between 2014 and 2018, which created more than 75,000 new jobs with an investment value of more than EUR 14 billion. It has received the award for the second time based on its results in working capital investment, the quality and complexity of the services offered to its clients, the expertise, language skills and client-friendly attitude of its employees and the feedback of the investors active in Hungary.

Being named the region’s best investment promotion agency for the second time is an honour and a very important feedback for us, because it shows that our strategy is successful and that the quality of our one-stop-shop management consultancy services remains to be outstanding at the international level. My colleagues and I will continue to work to create value for our clients and for Hungary through our company-specific services” – said Róbert Ésik, President of HIPA.

The official Awards Ceremony will take place at The World Forum for FDI in June 2019 in Sydney.