July 3rd, 2009

Hungarian investment promotion agency ITD named best in region

American investment magazine Site Selection has named the Hungarian Investment and Trade Development Agency (ITD Hungary) Eastern Europe’s best national investment agency, ITD Hungary told MTI on Thursday.

ITD Hungary was at the top of a ranking of national investment agencies based on projects per capita, ITD Hungary said.

ITD Hungary was 14th in a ranking of 181 national investment agencies by the World Bank, placing ahead of Czechinvest.

ITD Hungary was instrumental in bringing investments of HUF 384bn to Hungary in 2008. These investments created 8,094 jobs. In the first half of 2009, the agency assisted with decisions on HUF 63bn of investments creating 3,429 workplaces in the country.

Site Selection said Budapest was the third most attractive location for investment in the region.


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