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An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, state, region or city.
The World Association of Investment Promotion Agencies (WAIPA) is an international non-governmental trade association for Investment Promotion Agencies (IPAs). WAIPA acts as a forum for investment promotion agencies (IPA), provides networking and promotes best practice in investment promotion. [ 1 ]
Prior to the GIP, there was another program called the Hungarian Investment Immigration program, which operated from 2012 to 2017. [2] At that time, investors were required to purchase Hungarian bonds issued by the state through the Government Debt Management Agency worth €250,000. In return, they obtained Hungarian permanent residency.
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Vojvodina Investment Promotion (VIP) is a regional investment promotion agency founded by the Parliament of the Autonomous Province of Vojvodina which provides advisory and assistance services to foreign companies wishing to locate their businesses within the region of Vojvodina.
The previous IPA Regulation covering the period 2007-2013 ("IPA I") was replaced in March 2014 by a new regulation ("IPA II") covering the period 2014–2020. The overall budget allocation for IPA II is EUR 11.7bn. The new regulation streamlined the rules governing access to IPA funds for candidate countries and potential candidates.
The legal predecessor of HDB was the Hungarian Investment and Development Co. (Magyar Befektetési és Fejlesztési Rt.) which was formed on 27 November 1991. MBFB was established by three state-owned institutions, Hungarian Asset Management Co. (Állami Vagyonkezelő Rt.), Hungarian Asset Management Agency (Állami Vagyonügynökség) and ...