Investment incentives restarted, with new leadership at HIPA

According to a press release issued by the Hungarian Investment Promotion Agency (HIPA) on 23 July 2026, the Ministry of Economic Affairs and Energy (GEM), which oversees HIPA, has restarted the subsidy and decision-making processes that had been suspended in March ahead of the parliamentary elections.

Last week, the Investment Committee convened for the first time. The committee serves as the new decision-making body responsible for preparing investment incentives awarded through individual government decisions. During its inaugural meeting, it reviewed eight previously submitted applications and approved the continuation of the support process for these projects.

The eight projects include both greenfield investments by foreign companies and new developments by businesses already operating in Hungary.

According to HIPA, Hungary’s investment support policy will prioritize projects that:

• create high value-added activities,
• generate higher-paid, knowledge-intensive jobs,
• strengthen Hungary’s research and development, engineering, IT, and innovation capacities,
• provide opportunities for Hungarian suppliers, and
• are implemented in cooperation with Hungarian universities and research institutions.

A related development is that, according to GEM’s announcement of 28 July 2026, HIPA has appointed a new CEO. The agency will be led by Bence Buday, who previously worked for the Wallis Group.

In light of these developments, companies should consider reviewing their planned investment, capacity expansion, R&D, and other strategic projects for the coming years, and assess whether they may be eligible for investment incentive support.

Deloitte’s dedicated incentives advisory team is available to assist in reviewing projects and project concepts, identifying the most advantageous support schemes, and supporting clients throughout the entire funding process to ensure a successful outcome.