Latest news with #HIPA
Qatar Tribune
05-05-2025
- Business
- Qatar Tribune
QC, Hungary explore agri-tech cooperation
Tribune News Network Doha Qatar Chamber hosted on Monday a delegation from the Republic of Hungary representing the Investment Promotion Agency (HIPA), led by Anette Nagy, Manager of International Relations at HIPA. The delegation was received by QC Board Member Mohamed bin Ahmed Al Obaidli. The meeting focused on enhancing trade and investment relations between Qatari and Hungarian companies, particularly in agricultural innovation and sustainable food production. Both sides reviewed key investment opportunities in Hungary and the incentives offered by the Hungarian government to attract foreign direct investment. In his remarks, Mohamed Al Obaidli welcomed the Hungarian delegation, highlighting Hungary's reputation for its advanced agricultural technologies and innovative approaches in agri-business. He noted that the meeting reflected a mutual commitment to promoting sustainable development and strengthening economic ties between the two countries. He further emphasised Qatar's strategic focus on the agricultural sector, especially within the framework of its national food security strategy and broader economic diversification efforts aligned with Qatar National Vision 2030. 'In recent years, Qatar has made significant strides in advancing agricultural systems, boosting local production, and adopting smart technologies that support sustainability and resource efficiency,' he said. Al Obaidli underlined Hungary's deep expertise in agriculture, describing it as a valuable partner for Qatar in this journey. He noted the potential for cooperation through joint ventures, knowledge exchange, investment, and technology transfer. He also reaffirmed the chamber's commitment to supporting partnerships between Qatari and international businesses and encouraging Qatari companies to explore collaboration with their Hungarian counterparts. For her part, Anette Nagy stated that the Hungarian delegation included six leading companies specialised inagricultural technologies. She stressed that these companies are keen to explore the Qatari market and establish partnerships with localcompanies. Nagy also highlighted Hungary's significant progress in the agriculture sector and the abundance of opportunities that could appeal to Qatariinvestors.
Budapest Times
25-04-2025
- Business
- Budapest Times
HIPA: Investment support framework modified to boost R+D and supplier cooperation
The minimum investment volumes for eligibility for support have been reduced in certain regions to as low as EUR 2m. The Hungarian Investment Promotion Agency (HIPA) said in a statement on Wednesday that the government has modified the framework of conditions for investment support awarded on a case-by-case basis to boost research and development activities and cooperation with local suppliers. The minimum investment volumes for eligibility for support have been reduced in certain regions to as low as EUR 2m. Eligibility for training incentives will no longer require additional investment projects or the establishment of shared service centres. Companies must only meet a EUR 250,000 threshold for training costs and involve at least 25 staff. The headcount threshold for eligibility for R+D support has been lowered from 100 to 50, while companies that commit to filing patent applications with priority claimed in Hungary may get extra subsidies. A new support scheme has been launched for the establishment of R+D centres for companies that pledge to create at least ten research jobs and enter into a partnership with a Hungarian university. Since 2014, the government has backed 2,200 large-scale investments with a value of EUR 59.2bn in the investment support framework. Those projects created close to 170,000 jobs.
