Food Industry in Hungary 5

FOOD INDUSTRY

IN HUNGARY HUNGARY SMART. AMBITIOUS. COMPETITIVE. Food Industry in Hungary 5

FOOD INDUSTRY 4 CONTENT

6 ABOUT HUNGARY

14 FOOD INDUSTRY IN HUNGARY

26 LABOUR FORCE

32 LOCATION

ABOUT HUNGARY MAIN FIGURES

CURRENCY FORM OF GDP (PPS) GDP GROWTH GOVERNMENT FORINT EUR 192,855 4.0% PARLIAMENTARY (HUF) MILLION (2017, HCSO) REPUBLIC (2016, HCSO)

AREA TIME ZONE 93,023 m2 GMT + 1 HOUR

INFLATION 2.4% (2017, HCSO) HUNGARY

OTHER MAJOR CITIES POPULATION

POPULATION CAPITAL Debrecen (201,981) 9,797,561 BUDAPEST Szeged (161,137) POPULATION Miskolc (157,177) (2017, HCSO) 1,752,704 Pécs (144,675) (2017, HCSO) Győr (129,301)

CLIMATE RISK OF NATURAL TEMPERATE DISASTERS (similar to the rest of VERY LOW the continental zone)

MEMBERSHIP IN INTERNATIONAL ORGANISATIONS EU, UN, OECD, WTO, NATO, IMF, EC EU member since 2004 (Source: HCSO = Hungarian Central Statistical Office) Food Industry in Hungary 9

ABOUT HUNGARY FDI IN FOCUS ungary is an open economy where particu- lar emphasis is placed on encouraging foreign Hdirect investment (FDI). Partnership with potential investors is a national priority; special atten- tion is paid to the needs of companies already settled in Hungary, and to the further improvement of the business climate.

YOU CAN 66% 62% COUNT ON THE 51% GOVERNMENT’S 40% 32% COMMITMENT Inward FDI stock amounted to 66% of the TO FURTHER GDP (2016) the highest IMPROVE THE ratio in the region. HUNGARY CZECH SLOVAKIA POLAND SLOVENIA Source: wiiw FDI Database BUSINESS CLIMATE REPUBLIC

Food Industry in Hungary 11

ABOUT HUNGARY ...has modified its taxation and incentive BUSINESS ENVIRONMENT system related to R&D activities to make Hungary the innovation hub of CEE.

...offers companies a …is committed to strategic partnership, further reduce taxes and provides them on employment. with fast access to the Government.

IN ORDER TO IMPROVE ...is helping THE BUSINESS CLIMATE companies to function THE HUNGARIAN reliably by providing a clear agenda on economic GOVERNMENT... development and FDI strategy.

...further improved

INVESTMENTS IN FOCUS INVESTMENTS the practice-based dual education system built on industry needs.

...has created ...has introduced its ...has introduced a the most competitive unique economic new incentive scheme CIT in the EU development plan supporting with 9% flat rate. based on Industry 4.0 technology intensive requirements. investments. Food Industry in Hungary 13

HUNGARIAN EXPLORE THE COUNTRYSIDE ABOUT HUNGARY PARLIAMENT Hungary’s diverse countryside offers a wide QUALITY OF LIFE BUILDING ranked range of outdoor activities: 11,000 kilometres th of hiking routes; more than 4,000 kilometres of 10 cycle paths; 14 golf courses; 10 national parks; in world's top 10 and many protected nature reserves for those landmarks for 2018 in love with fresh air. The protected Puszta- by TripAdvisor region, the Great Plain, the romantic Danube Bend with its historic sites, and pretty baroque towns, such as Eger, attract visitors all over the year. Lake Balaton, the largest fresh water lake in Central Europe, is a perfect holiday resort.

HUNGARY ranked among the TOP 5 COUNTRIES in the BOCUSE D'OR INTERNATIONAL SCHOOLS competition Expatriates looking to stick with the curricula in 2017 of their home countries can choose from a range of private international schools for their children. There are also many English, German or French public and private pre- schools for children aged from three to six. The school year starts in September and ends in June, and school buses are usually available at private schools. There are many opportunities to study in a foreign language at universities too. GASTRO STORY The dining scene in Budapest is livelier Did you know that… than ever, practically you can find the EXPATS LIKE HUNGARY …the kindergarten and the elementary cuisines of every culture in the capital, Budapest is a city full of surprises and school division of the International School of from high-end Michelin-star restaurants wonders, with its lively centre, pretty parks, Debrecen will start to operate in September to no-frill eateries, small bistros and majestic river, tall church spires, and lavish 2019 and its upper school education starts must-try food trucks. spas. One of the most exciting cities in the running from September 2020? world, Budapest is full of secrets, hidden spots to explore, and old favourites to revisit. This is the city where being bored is not an option. Food Industry in Hungary 15

FOOD INDUSTRY Johann Marihart IN HUNGARY CEO, AGRANA

"AGRANA has substantial and successful affiliated companies in Hungary, since 1990 at Hungrana, since 1991 at the sugar factory Magyar Cukor in Kaposvar, and since 2002 at four apple juice concentrate 100% plants. All of our investments are characterized by considerable growth over the years. Due to the GMO-FREE strategic importance of this region AGRANA stood INGREDIENTS and stands clear to its investments in Hungary and does not intend to change that.”

Keeping Hungarian agriculture GMO-free is a matter of extremely high strategic importance.

The total abolition of the utilization of GMO in the country’s agriculture represents an ever-increasing competitive advantage for Hungary.

The ban on GMO is laid down in the country’s Constitution and in the corresponding legislation.

All parliamentary parties have worked together to for- mulate Hungary’s GMO-free strategy and the process of implementation aimed at its realisation in complete agreement. Food Industry in Hungary 17

FOOD INDUSTRY QUALITY INGREDIENTS HUNGARY IN HUNGARY ARE AVAILABLE ON is a major producer of A LARGE SCALE numerous agricultural products in Europe – GRAIN MAIZE AND CORN-COB-MIX (total production, thousand tons) especially compared 14,498 to the country’s size.

10,000 6 757 Among the 5000 3943 TOP3 crop producers 2450 2076 1700 1116 533 of the CEE region Source: EUROSTAT, 2017 0 POLAND CROATIA AUSTRIA ROMANIA SLOVAKIA BULGARIA HUNGARY CZECH REPUBLIC

WHEAT AND SPELT (total production, thousand tons) SUNFLOWER SEED (total production, thousand tons)

11,568 3180 10,000 9785 3000 1 870 1860 5801 5 237 2000 5000 4649 1000 1831 1443 233 679 116 51 46 Eurostat, 2017 (As of Eurostat data available on 21 March 2018 / 31 January 2018) http://ec.europa.eu/eurostat/tgm/refreshTableAction.do?tab=table&plugin=1&pcode=tag00047&language=en 0 0 5 Source: EUROSTAT, 2017 CZECH CZECH POLAND POLAND CROATIA CROATIA AUSTRIA AUSTRIA ROMANIA ROMANIA REPUBLIC REPUBLIC SLOVAKIA SLOVAKIA BULGARIA BULGARIA HUNGARY HUNGARY Food Industry in Hungary 19

FOOD INDUSTRY he natural characteristics of the YOU CAN CARPATHIAN BASIN – climatic con- IN HUNGARY Tditions and soil – establish the large COUNT ON HIGH scale production of high quality raw materials QUALITY RAW for the food industry. MATERIALS

FRUIT PRODUCTION (thousand tons) ALL GATHERED FRUITS (thousand tons)

2013 2014 2015 2016 1500 1040 Apple 592 780 511 497 850 Sour cherry 70 92 77 74 1000 778 755 Plum and greengage 48 45 46 48 Peach 44 39 37 40 500 Apricot 21 23 20 24

Watermelon* 190 219 196 185 Source: HCSO Honeydew melon* 22 12 16 20 2013 2014 2015 2016

VEGETABLE PRODUCTION (thousand tons) ALL GATHERED VEGETABLES (thousand tons)

2013 2014 2015 2016 2000 1626 Potato 478 567 452 429 1514 1601 Tomato 136 153 200 173 1441 Sweet pepper 77 84 116 137 1500 Green peas 68 88 95 111 Carrot 67 84 78 91 1000 Onion 60 62 60

62 Source: HCSO White cabbage 67 60 65 53 500

*Note that watermelon and honeydew melon are listed as vegetables in the statistical tablesnot of HCSO. counted Therefore in the „All they gathered are fruits” diagram, but the „All gathered in the „All gathered vegetables” counted it is not therefore HCSO of tables and vegetables the fruits diagram. from is excluded sugarbeet that **Note diagram. vegetables” nor in the „All gathered fruits” Sugarbeet** 991 1067 911 1121

2013 2014 2015 2016 Food Industry in Hungary 21

FOOD INDUSTRY IN HUNGARY

he geographical fragmentation and wide range of climatic conditions within the country RAW COW MILK PRODUCTION (million liter) Tconstitute a source of diversity of production and establish a rich choice for processing. 1890 2000 1826 1868 1726 1500

1000 Source: HCSO 2013 2014 2015 2016

POULTRY STOCK (thousand pieces)

50,000 37,900 38,599 40,334 40,185 30,000 Source: HCSO 15,000

2013 2014 2015 2016 Food Industry in Hungary 23

FOOD INDUSTRY YOU CAN IN HUNGARY COUNT ON THE

MOST RELEVANT SEGMENTS HUNGARIAN OF THE HUNGARIAN FOOD INDUSTRY FOOD INDUSTRY'S EXPERIENCE

1 2 3 4 5 6 meat mineral water, pet food milk sweets, snacks, fruit and processing soft drinks, and feed processing, convenience vegetable and alcoholic and production dairy and other foods processing and preserving other beverages products preserving

DISTRIBUTION OF THE PRODUCTION VALUE OF FOREIGN AFFILIATES IN THE HUNGARIAN FOOD SECTOR BY CONTROLLING COUNTRY, 2015 the 2% UK* 3% 3% Other countries Belgium 3% Czech Republic* 22% Switzerland 7% Italy Regina Kuzmina Managing Director % 7 Unilever Hungary Ltd. Netherlands

“The country’s superb geographical location, skilled 8% workforce and qualified professionals all contribute France to the prosperous operation of the Budapest HQ and % the three factories creating 1,550 workplaces. Our Source: Statistics, HCSO FATS Manufacture of food products and beverages 2015 * Please note that due to lack of available data on beverages sector in the UK and Czech Republic, the graph incorporates only the food segment for this two countries. 18 USA company considers Hungary to be one of its strategic production centres, and throughout the past 27 years, 9% we carried out significant investments in the country.” Germany 17% Austria Food Industry in Hungary 25

MAJOR Szikszó HELL ENERGY FOOD INDUSTRY COMPANIES Érsekvadkert Sátoraljaújhely AGRANA CONTINENTAL Kisvárda BY LOCATION MASTER GOOD IN THE MOST IMPORTANT BRANCHES Pilisvörösvár Dunakeszi SCITEC SZAMOS Gyál NUTRITION EISBERG

Szerencs Vásárosnamény Budapest NESTLÉ AGRANA DREHER Jánossomorja RAUCH HAAS ZWACK Miskolc DR. OETKER NESTLÉ Mátészalka Sopron Győr Nyírmada HEINEKEN Bőcs FRIESLAND HAAS Nyírszőlős RAUCH MOLSONCOORS CAMPINA INTERSNACK Eger BONDUELLE MONDELEZ EGERTEJ Csorna HESI Bicske DETKI SOLE-MIZO SPAR Hajdúsámson Nyírlugos AGRANA AGROSPRINT Bük Tiszafüred NESTLÉ Albertirsa LACTALIS Debrecen MIRELITE MIRSA TRANZIT-FOOD Pápa Karcag Sárvár Veszprém ALFÖLDI TEJ PÁPAI HÚS Kőröstetétlen CARGILL SÁGA FOODS POPZ HARIBO Dunaharaszti KŐRÖSTEJ AGROSPRINT UNILEVER COCA-COLA Nagykőrös Székesfehérvár Szalkszent- BONDUELLE ALFÖLDI TEJ Martfű márton BUNGE MONDELEZ AGROFEED Csongrád Szarvas Zalaszentgrót Szabad- GALLICOOP Kecskemét MARS COCA-COLA egyháza Siófok UNIVER AGRANA Békéscsaba SIÓ-ECKES GALLFOOD Foktő Szentes BONDUELLE FORNETTI Dombóvár Szekszárd GLENCORE HUNGERIT PARTNER IN Marcali TOLNATEJ PET FOOD Csávoly Kiskunfélegyháza SOLE-MIZO MOGYI PINI GROUP Alsómocsolád KUNSAGI EDEN Meat processing Kaposvár PICK AGRANA Baja Beverages Mohács PICK KOMÉTA MCS Pet food and feed CARGILL Pécs BAT Milk processing Makó GIVAUDAN Sweets, snacks and convenience food Bácsbokod Röszke Szeged SOLE-MIZO UNILEVER PICK Fruit, vegetable and grain processing SOLE-MIZO Kiskunhalas Tobacco HUNENT Food Industry in Hungary 27

LABOUR FORCE YOU CAN PRODUCTIVITY RELY ON GLOBALLY ACKNOWLEDGED HUMAN CAPITAL AT A COMPETITIVE COST AVERAGE GROSS EARNINGS IN 2016 (EUR/MONTH/PERSON*)

1944 1175 1352 1381 Manufacturing Food industry Chemical Chemist Minas Agelidis and mining manager engineer engineer General Manager Coca-Cola HBC Hungary

“Excellent people in an excellent business destination - this is what Hungary means to our company. We are committed to Hungary since 1968 having invested more than HUF 120 billion only in the last two decades in our production capabilities. The production, 842 594 594 717 674 transportation and sales of our drinks – including our Food industry Butcher Baker, Food and beverage Packaging, bottling, employees– provide jobs for nearly 13,000 people and technician confectioner products and labelling machine two-thirds of the raw materials used for the production machine operator operator of beverages are provided by local suppliers. We export products to 25 countries so Hungary Source: National Labour Office - HUF/EUR=309.9 has become a major regional hub in the Coca- *The wages are dependent on the region, on the skills and on the experience of the employees. Cola Hellenic group. And we are determined to go even further…" Food Industry in Hungary 29

LABOUR FORCE EDUCATION 10 INSTITUTIONS OF HIGHER EDUCATION are engaged in food industry related programs. Several additional universities provide agriculture, biology, chemistry and health related BSc, MSc courses and higher-level vocational trainings as well.

BUDAPEST Semmelweis University GYÖNGYÖS MOSONMAGYARÓVÁR Eszterházy Károly GÖDÖLLŐ University Széchenyi István Szent István EDUCATION University Hungary has a strong and highly differentiated University NYÍREGYHÁZA system to develop skills and competencies required University of by the food industry. Nyíregyháza

DEBRECEN University KESZTHELY There is a traditionally strong institutional system of Debrecen for agricultural training, education and research. University of Pannonia

Classical trades and crafts (such as butchers, of February*As 2018 bakers, machine operators, etc.) are taught in the framework of secondary vocational training, while the system of training technicians, managers, and KECSKEMÉT other mid-level professionals can only be entered John von Neumann by students having completed secondary voca- SZEGED University University tional or grammar schools. of Szeged PÉCS University of Pécs Food Industry in Hungary 31

LABOUR FORCE EDUCATION ungarian basic research is internationally recognized, and applied research has Hproduced a number of new products and technologies. The main focus of agriculture related scientific studies is on developing climate-proof, yet GMO free crops (grains, soy and sorghum).

GÖDÖLLŐ National Agricultural Research MARTONVÁSÁR and Innovation Centre Centre for Agricultural (Vegetable Crop Research Department, Research Food Science Research Institute, (Hungarian Academy of Research Institute for Animal Breeding, RESEARCH Sciences) Nutrition and Meat Science, KESZTHELY Research Institute for Fisheries, and Aquaculture) imilarly to education research activities, Potato Research Center NYÍREGYHÁZA Bioinnovation Research Hungary’s agriculture and food industry has Agricultural Research and Service Center a long history. Seed breeding has an important Institute and S (University of Pannonia) Educational Farm status in agricultultural research and is an integral (University of Debrecen) part of each organizations on the next page. KARCAG Agricultural Research Institute and Educational Farm (University of Debrecen)

José Matthijsse General Manager HEINEKEN Hungária Sörgyárak Zrt. KAPOSVÁR SZEGED Feed Crops Research Institute Cereal Research "Innovation is of key importance in the Hungarian

(Kaposvár University) Non-Profit Ltd. of February*As 2018 added value. Finding the Hungarian small and medium sized entrepreneurs who contribute to the innovation of our technologies and products has brought real benefits for our company. Together with the high quality Hungarian agricultural raw Western Central Southern Southern Northern Central Northern materials, this provides our products a sustainable Transdanubia Transdanubia Transdanubia Great Plan Great Plan Hungary Hungary business growth.” Food Industry in Hungary 33

LOCATION pproximately 47 percent of the country’s GEOGRAPHICAL CONDITIONS total area is covered by arable land. It is Ageographically significant that approxi- mately two-thirds of Hungary’s territory is flat and lie lower than 200 metres above sea level.

EXCELLENT GEOGRAPHICAL CONDITIONS

Péter Noszek 47% 66% Market Head ARABLE LAND* FLAT TERRITORY Nestlé Hungária Ltd.

(Source: HCSO, 2017) “Thanks to its three factories, market presence and significant innovation opportunities, Nestlé Hungária plays an important regional role in Nestlé’s global life. Having been present for 27 years in the country, Nestlé invested more than 100 billion HUF. In 2017, we completed a 20 billion HUF expansion in our Bük pet food factory. Nestlé continues to plan ahead for long term presence that brings stability and new opportunities to the almost 2000 domestic suppliers of our company.” Food Industry in Hungary 35

LOCATION EXCELLENT TRANSPORT NETWORK TRANSPORT NETWORK

TEN-T CORE CORRIDORS CROSSING HUNGARY MEDITERRANEAN • ORIENT / EAST - MED • RHINE - DANUBE 3 AT THE CROSSROADS EXTENSIVE HIGHLY DEVELOPED OF THREE ROAD & RAILWAY LOGISTICS & TEN-T TRANSPORTATION TELECOMMUNICATIONS CORRIDORS NETWORK INFRASTRUCTURE

COMMERCIAL CORRIDORS & INFRASTRUCTURE

UKRAINE Záhony Vienna SLOVAKIA M30 Beregdaróc Bra slava M3 Vásárosnamény M15 M2 M49 AUSTRIA M25 M3

M1 M10 M3 M0 M35 M86 BudapestM0

M4 M4

M8 M8 M9 M44 M5 M7 SLOVENIA M9 Mihály Karkas M9 ROMANIA M9 M43 Head of Operations M6 M60 Givaudan Hungary Ltd.

Zagreb SERBIA CROATIA “Hungary, and Makó was selected as the site for Givaudan’s biggest green field investment because of the rich heritage of food production in the region and MOTORWAYS IN HUNGARY M5: Budapest – SRB LEGEND

European Commission, REGULATION No (EU) 1316/2013 O.J. L348 - 20/12/2013 new infrastructure which provides easy to access the M1: Budapest – AUT M6: Budapest – Pécs existing fast growing markets of Central and Eastern Europe M3: Budapest – RO/UKR/SK M7: Budapest – SLO planned as well as Western Europe. The excellent food industry education at University of Szeged, ensures a pool of highly skilled local employees that has been driving the site to became the flagship of Flavour Division by the end of its first five years of operation in Makó.” Food Industry in Hungary 37

LOCATION TRANSPORT NETWORK

Bremerhaven Hamburg Roerdam

Duisburg Moscow

Linz Munich Vienna Chortomlyk Salzburg Trieste Budapest Arad Ploies Koper Rijeka ungary has direct connection to all sig- Belgrade nificant harbours and terminals in Europe. Constanta HSeveral main train lines connect Hungary with the main ports of Western Europe (e.g. Hamburg, Bremerhaven, Rotterdam), the Adriatic (Koper, Rijeka, Trieste), the Mediterranean (Piraeus) and the Black Sea (Constanta) with regular block train services.

Piraeus

RAILWAYS

Scheduled Non- Planned train Scheduled block trains scheduled projects barge service Food Industry in Hungary 39

LOCATION THE HUNGARIAN TRANSPORT NETWORK RAILWAY NETWORK RFC lines in Hungary 2016

km7,712 km HUNGARY

HIGHLY DEVELOPED NATIONAL RAILWAY NETWORK LEGEND he railway network spans the entire country Stations and is an integral part of the international RFC 11: Amber RFC Trailway network, thus providing easy access main line by international express trains from the neighbour- RFC 6: Mediterranean RFC

ing regions and numerous other European coun- diversionary line main line tries. The total length of the Hungarian railway RFC7: Orient/East-Med RFC system is 7,712 km, of which 1,224 km (15.9%) is diversionary line double-track, whilst the electrified railway network main line has a total length of 3,083 km (40%). HUNGARY IS RANKED Nr. 6 BY RAILWAY LINE DENSITY IN EUROPE *Source: Eurostat Food Industry in Hungary 41

IPA operates an internal database of indus- LOCATION trial parks, investment sites, and indus- INVESTMENT SITES Htrial halls in Hungary. The Investment Sites Database is one of the most comprehensive resources of its kind, the HIPA database is part of MORE THAN the information package for potential investors.

120 250 800 LOOKING FOR INDUSTRIAL OFFICES GREEN- AND INVESTMENT SITE? PARKS BROWNFIELD ARE WAITING FOR SITES HIPA WILL SUPPORT YOUR INVESTMENT YOU!

Zoltán Tárkány-Szűcs Deputy Factory Director Nissin Foods Ltd.

“Nissin instant noodle factory based in Kecskemét is serving customer in all Europe from 2004. By deliv- ering our brands (CUP NOODLE, SOBA, SMACK) The Investment Sites Database lists more than 1150 in great quality with engaged team we could grow green- and brownfield sites, industrial parks and our business year on year. To sustain this grow we offices throughout Hungary. It simplifies the task made a greenfield investment by creating two times of matching investors’ needs to potential locations. bigger capacity factory in 2017 with over EUR 30 Searchable by size, location, available infrastructure million investment. Nissin is confident Hungary has and incentives, the database is an excellent starting all human and material resources and has a good point for any prospective investor. geography location for our business. ” Food Industry in Hungary 43

HIPA OUR SERVICES

HOW DO WE SUPPORT YOUR FOOD INDUSTRY PROJECT?

BEFORE AFTER YOU MAKE A DECISION YOU HAVE CHOSEN WE OFFER YOU…. HUNGARY

….one-stop-shop ….tailor-made incentive …. location search We are open to your We support your management offers and information & evaluation feedback and offer mediation further expansion consultancy services packages on the + between government and plans. to address your business environment, site visits. and business based business needs. labour market, tax on your inputs. regulations, etc.

PLEASE CONTACT US ….meetings with ….reference visits ….assistance with Address: 1055 Budapest, Honvéd utca 20. HR & real estate agencies, at companies that are your incentive Customer service: [email protected] law firms and already established application. Telephone: +36 1 872 6520 other consultants in Hungary. Web: www.hipa.hu based on your needs. Food Industry in Hungary 45

HIPA Regional grants are the most typical forms of GOVERNMENT incentives for greenfield / brownfield investments INCENTIVES OVERVIEW INCENTIVES or reinvestments. The maximum amount of regional incentive is shown on the regional aid intensity map. The map above illustrates that regional aid available for investment for a large enterprise may s a member of the European Union, Hungary’s be up to 50% of the eligible costs of the investment, regulations on incentive opportunities are in depending on the region. For investments not accordance with the EU rules. One of Hungary’s exceeding EUR 50 million, the maximum intensity A VIP CASH SUBSIDY competitive advantages over other countries in the ratio can be increased by 10 percent for medium- region is the Government’s strong commitment to sized and by 20 percent for small enterprises. FOR AN EVEN WIDER RANGE increase the competitiveness of SMEs and large OF AGRICULTURAL PROCESSING enterprises in Hungary. ACTIVITIES Alongside the regulatory tools that contribute to the competitive business environment of local companies, CENTRAL HUNGARY, Budapest Hungary offers wide-ranging incentives to facilitate 0 / 20 / 35% foreign direct investments and reinvestments by Miskolc local enterprises. In addition to the "Made in Hungary" type investments, increasing emphasis is being put NORTHERN % HUNGARY on "Invented in Hungary" type of projects with the 35 aim of supporting the implementation of Industry 25 % Győr Debrecen 4.0 solutions and the strengthening of Hungary as an CENTRAL NORTHERN innovation hub of Europe. TRANSDANUBIA GREAT PLAIN From the beginning of 2017, favorable changes have WESTERN Székesfehérvár 50 % been introduced in the non-refundable VIP cash grant TRANS- DANUBIA system supporting R&D projects and technology- SOUTHERN intensive investments. SOUTHERN GREAT PLAIN TRANSDANUBIA Szeged

Pécs Different preferential terms for eligibility THESE INCENTIVES INCLUDE, BUT ARE NOT LIMITED TO The maximum available aid intensity decreases if the investment is a large investment (exceeding EUR 50 million): 50% of the maximum aid intensity TAX INCENTIVES determined in the regional aid map is available CASH SUBSIDIES reduction of for investment between EUR 50 and EUR 100 for investments, corporate tax, million, with 34% of the maximum aid intensity for training, social tax, or for investment over EUR 100 million. job creation LOW-INTEREST encouraging R&D TRAINING For information on up-to-date and individual and R&D LOANS activities… SUBSIDIES incentive packages please contact HIPA directly.