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Press release from 15.04.2008
Düsseldorf, 15 April 2008 – For the Hungarian economy, North Rhine-Westphalia is becoming progressively more important as an investment location in Germany. At the beginning of 2006, the number of companies with Hungarian capital was approx. 23. Within a year and a half, the figure rose to 40 Hungarian companies in North Rhine-Westphalia. "The potential for investors from central and eastern Europe – and especially from Hungary – is far from being exhausted", underlines Petra Wassner, managing director of NRW.INVEST GmbH.
In order to strengthen bilateral relations between Hungary and North Rhine-Westphalia, the chairman of the Visegrád Group in the state parliament of North Rhine-Westphalia, Horst Westkämper, MdL, and Petra Wassner, NRW.INVEST, today invited high-ranking representatives of Hungarian companies to the German-Hungarian Business Dinner in the Düsseldorf Industrie Club. Participants in the event include the Hungarian Consul General, Maria Nagy, and the Hungarian Economic Consul, József Vápár.
The importance of North Rhine-Westphalia's economic relations with the states in central and eastern Europe is growing steadily. In 2007, the volume of foreign trade with the "new" EU members totaled 34.7 billion euros.
Over the past three years, NRW.INVEST GmbH has intensified its support for Hungarian firms in North Rhine-Westphalia with regard to settlement, counseling, and market expansion. "We want to present ourselves to the Hungarian business community in all location-related issues at an early stage", says Petra Wassner. "By doing so we are laying the foundation for further companies to become interested in North Rhine-Westphalia as an investment location."
The Hungarian companies in NRW operate mainly in the wholesale and service sectors. In the service sector, they focus on the manufacture of extremely high-quality products. Leading Hungarian companies in North Rhine-Westphalia include Mediso GmbH in Laer, a specialized supplier in the medical technology industry, OPTOS – Optimale Oszillationstechnik in Warburg, a producer and provider of grinding machines, MAL Deutschland Aluminium Handelsgesellschaft in Düsseldorf, Kuert Datenrettung Deutschland in Bochum, and VIDEOTON Handelsgesellschaft in Hilden, which trades in equipment and elements for the electronics and engineering industries.
About NRW.INVEST
NRW.INVEST GmbH serves as the central contact point for settlement projects and investments in North Rhine-Westphalia. It provides potential investors from Germany and abroad with a one-stop service ranging from locational information and business premises searches to arranging and guiding through negotiations and approval procedures. NRW.INVEST works closely with the state government and regional and local facilities for economic development in North Rhine-Westphalia. Investors who have already set up business in NRW receive special support with regard to expansion, start-ups and spin-offs.
Parallel to this, NRW.INVEST conducts international marketing on behalf of North Rhine-Westphalia as a business location in Germany and abroad with the aim of acquiring investments.
The sole shareholder of NRW.INVEST GmbH is the state of North Rhine-Westphalia. In addition to subsidiaries in Japan and the USA, NRW-INVEST operates foreign branch offices in China, India, Korea, and Turkey.
Further information:
Annette Peis, Press and Public Relations
Tel.: +49 (0) 211-130 00 162
e-mail: Peis@nrwinvest.com
NRW.INVEST GmbH
Economic Development Agency
of the German State of North Rhine-Westphalia (NRW)
Völklinger Str. 4
40219 Düsseldorf
