How Hungary ranks within EU countries
Total investment
March 2022
- Total financing under the European Fund for Strategic Investments (EFSI) in Hungary amounts to €662 million and is set to trigger €4.5 billion in additional investments
Infrastructure and innovation projects
- 9 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €476 million in total financing
- set to trigger €1.8 billion in total investment
Small and medium enterprises (SMEs)
- 10 approved agreements with intermediary banks or funds financed by European Investment Fund (EIF) with EFSI backing
- €185 million in total financing
- set to trigger €2.7 billion in investments with some 28,000 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Investment Plan in Hungary
AImotive is a Hungarian car technology company which develops artificial intelligence software for self-driving cars. The company has developed a modular, AI-based software for self-driving cars, as well as a virtual simulation environment to help accelerate the test and verification of self-driving technologies. A €20 million loan is helping AImotive to further mature its technology and bring safe, automotive-grade versions of its products to the market. The company employs 200 staff and will use the financing to scale up.
Electricity transmission network: POWER TRANSMISSON MODERNISATION
The Juncker Plan is supporting the modernisation of Hungary’s electricity transmission network to improve the safety and reliability of the system. The project entails installing new overhead lines between Hungary and Slovakia, building new substations, refurbishing existing substations and replacing optical ground wires on high voltage lines.
Custom welding fabrication: PP TECH
PP Tech is a company specialising in welding and custom metal fabrication covering a range of industry needs. To grow the company, PP Tech secured a loan from K&H Bank, which is backed by the EIF under the Juncker Plan. The loan allowed PP Tech to scale up its activities leading to an expected increase of 30-40% in its annual turnover.
Full list of EFSI-backed projects approved by the EIB
Full list of EFSI-backed agreements with financial intermediaries signed by the EIF