Here is how the government would attract Singaporean investments in Hungary

European Horizons: Pathways for Singaporean Business Expansion, a study identifying potential investment targets for Singaporean enterprises in Hungary and Central Europe, was presented in Singapore on Thursday.

After the presentation, István Joó, who heads the Hungarian Investment Promotion Agency (HIPA), told MTI the aim was to show potential investors what Hungary had to offer in terms of tax system, environment for doing business, higher education and logistics. He added that businesses there were well acquainted with Western Europe, but knew less about Hungary and the region.

FM Szijjártó Singaporean investments — Photo: FB/Szijjártó

The publication that HIPA prepared with the cooperation of the local manufacturing federation and the Hungarian embassy aims to fill a gap, he said. Singaporean businesses are leaders in the areas of automatisation and digitalisation, he added.

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