Stable diplomatic relations have brought tangible economic benefits, while key areas of business cooperation between the two countries have further expanded. That is according to Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), following last week’s Hungarian–U.S. meetings in Washington, D.C. The CEO was part of the Hungarian government delegation there. He pointed out that the number of U.S. investment announcements reached an all-time high in 2025.
He was of the view that with the inauguration of U.S. President Donald Trump, an entirely new era has begun in Hungarian–American relations, and Prime Minister Viktor Orbán’s visit to Washington marked a historic milestone that includes exemption from American punitive tariffs on purchasing energy resources from Russia and thus, the Hungarian economy has received a guarantee for stable and affordable operation. At the same time, Hungary continues to strengthen its energy security through diversification: under a new energy cooperation framework, the country will now be able to purchase LNG from the United States. Parallel to this, the Trump administration lifted all remaining U.S. sanctions related to the Paks II nuclear project.
The HIPA statement says, quoting István Joó, that the United States ranks as Hungary’s third largest investor, with nearly 1,400 American companies operating in the country contributing significantly to the transformation of the Hungarian economy. Between 2014 and the first half of 2025, a total of 145 American investment projects were launched with HIPA’s support, representing a total value of around EUR 2.5 billion.
The Hungarian–U.S. summit held last week also led to expanded investment partnerships. According to HIPA’s CEO, the next key focus areas for American investments will include space technology, telecommunications, defense industry and artificial intelligence. During his stay, István Joó held forward-looking discussions with companies such as ABBVIE, GE Healthcare, Radian Space and Voyager.
“So far this year, we have announced nine U.S. investment projects, most of which bring cutting-edge technologies and create high value-added jobs,” the CEO emphasized, adding that another U.S. company’s development will be announced this week.
“Given the advanced stage of ongoing negotiations, the list is expected to grow further, bringing us to a historic peak,” he concluded.
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