{"id":24872,"date":"2021-11-24T06:59:39","date_gmt":"2021-11-24T06:59:39","guid":{"rendered":"https:\/\/sms-bridges.com\/staging\/bridgestone-provides-the-best-solutions-for-your-journey-in-hungary-copy\/"},"modified":"2024-12-17T00:44:53","modified_gmt":"2024-12-17T00:44:53","slug":"hungarian-investment-promotion-agency-supporting-japanese-investment","status":"publish","type":"post","link":"https:\/\/sms-bridges.com\/staging\/hungarian-investment-promotion-agency-supporting-japanese-investment\/","title":{"rendered":"Hungarian Investment Promotion Agency: Supporting Japanese investment"},"content":{"rendered":"\n<p>\u201cWe value this trust and continue to strengthen our relationships with our Japanese friends, partners and investors.\u201d<\/p>\n\n\n\n<div><a href=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo.jpg\" class=\"td-modal-image\"><div class=\"wp-block-image\"><figure class=\"alignright size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo.jpg\" alt=\"\" class=\"wp-image-24877\" width=\"250\" height=\"250\" srcset=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo.jpg 1000w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-300x300.jpg 300w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-150x150.jpg 150w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-768x768.jpg 768w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-600x600.jpg 600w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-696x696.jpg 696w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-420x420.jpg 420w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-photo-840x840.jpg 840w\" sizes=\"(max-width: 250px) 100vw, 250px\" \/><figcaption><strong>Robert Esik<\/strong>, CEO of the Hungarian Investment Promotion Agency (HIPA)  |  \u00a9 HIPA<\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n<p>There are 184 Japanese companies active in Hungary today that employ over 30,000 people. They are collectively the seventh- largest investor in Hungary in terms of volume.<\/p>\n\n\n\n<p>In addition to Hungary\u2019s strong automotive and electronics industries, key sectors within the country\u2019s diverse economy have been established and continue to grow. These include chemicals, food and medical devices.<\/p>\n\n\n\n<p>\u201cJapanese investment has led to some of the most advanced technologies reaching the Hungarian market and these have fast-tracked the automation of our manufacturing processes and boosted our industrial competitiveness,\u201d Esik explained.<\/p>\n\n\n\n<p>\u201cWe recognize the excellent work ethic and admirable corporate culture that Japanese companies have imparted on the local business community.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Recent Japanese investments include:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Toray Group\u2019s battery-separator film facility<\/li><li>GS Yuasa\u2019s first overseas lithium-ion battery plant<\/li><li>Seiren\u2019s first European synthetic leather car seat cover factory<\/li><li>Nissin Foods\u2019 noodle plant expansion<\/li><\/ul>\n\n\n\n<p>According to the International Monetary Fund, Hungary\u2019s projected growth rate for real gross domestic product in 2021 is 7.6%.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>From selecting a location, supplier development, financial support and policy advocacy, HIPA supports Japanese investors throughout the entire process. Our Japanese friends have proved themselves to be reliable partners and have contributed to the development of the Hungarian economy. We look forward to continuing our close cooperation.<\/p><cite><span class=\"has-inline-color has-white-color\"><strong>Robert Esik<\/strong>, CEO of the Hungarian Investment Promotion Agency (HIPA)<\/span><\/cite><\/blockquote><\/figure>\n\n\n\n<div class=\"wp-block-image\" style=\"margin-top:-15px;margin-bottom:25px\"><figure class=\"aligncenter size-full is-resized\"><a href=\"http:\/\/www.hipa.hu\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-logo.jpg\" alt=\"\" class=\"wp-image-24876\" width=\"170\" height=\"77\" srcset=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-logo.jpg 400w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-logo-300x135.jpg 300w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2021\/11\/HU21-HIPA-logo-150x68.jpg 150w\" sizes=\"(max-width: 170px) 100vw, 170px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>\u201cThankfully, we have successfully managed the pandemic from an economic standpoint and today Hungary is in a position to offer investors a stable and swiftly recovering economy,\u201d Esik said.<\/p>\n\n\n\n<p>\u201cIn addition to our successful vaccination strategy, our economic policy to financially support and incentivize companies that are committed to increasing investments and maintaining their workforce, has contributed to our economic recovery.\u201d<\/p>\n\n\n\n<p>Hungary\u2019s 9% corporate tax rate is the lowest in the European Union. The government has also reduced the tax burden on the gross salaries paid by employers from 28.5% in 2016 to 17% in 2021.<\/p>\n\n\n\n<p>\u201cFrom selecting a location, supplier development, financial support and policy advocacy, HIPA supports Japanese investors throughout the entire process,\u201d Esik noted. \u201cOur Japanese friends have proved themselves to be reliable partners and have contributed to the development of the Hungarian economy. We look forward to continuing our close cooperation.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"http:\/\/www.hipa.hu\" target=\"_blank\" rel=\"noreferrer noopener\">www.hipa.hu<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe value this trust and continue to strengthen our relationships with our Japanese friends, partners and investors.\u201d There are 184 Japanese companies active in Hungary today that employ over 30,000 people. They are collectively the seventh- largest investor in Hungary in terms of volume. In addition to Hungary\u2019s strong automotive and electronics industries, key sectors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[331,292,259,886,204,591],"tags":[506],"class_list":{"0":"post-24872","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-331","8":"category-articles","9":"category-bridging-japan","10":"category-government-hungary","11":"category-government","12":"category-hungary","13":"tag-industrial"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hungarian Investment Promotion Agency: Supporting Japanese investment - Bridges Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sms-bridges.com\/staging\/hungarian-investment-promotion-agency-supporting-japanese-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hungarian Investment Promotion Agency: Supporting Japanese investment - Bridges Magazine\" \/>\n<meta property=\"og:description\" content=\"\u201cWe value this trust and continue to strengthen our relationships with our Japanese friends, partners and investors.\u201d There are 184 Japanese companies active in Hungary today that employ over 30,000 people. 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