Introduction

Paksi Ipari Park Kft., the predecessor of the regional development non-profit company PIP Közép-Duna Menti Térségfejlesztési Nonprofit Korlátolt Felelősségű Társaság (short name: PIP Nonprofit KFT), was established on 17 June 1997 with the main task of creating and operating the Paks Industrial Park.

The 100% share of Paks Industrial Park Ltd. became the property of the Hungarian State on December 18, 2017, and in reference to the emerging regional development tasks, the Company changed its name to PIP Central Danube Regional Development Nonprofit Ltd.

After the change of owner, the Company’s former industrial park, property utilisation and incubation functions broadened considerably, its range of activities was expanded by preparatory, coordination and implementation roles, and its territory increased. Thus now it not only affects the town of Paks, but also the Central Danube region.

The main objective of PIP Nonprofit KFT is the implementation of project developments related to and necessary for the construction of the two new Units of the nuclear power plant, and thus the execution and coordination of housing, infrastructure development and business development tasks, as well as activities affecting regional and territorial development.

The Company plays a very active part in the groundwork of regional development and defining development directions. Regional development considerations and needs assessment play an important role in enabling us to facilitate the region’s social and economic growth, and the strengthening of competitiveness alongside the Paks II. investment.

The ownership rights and professional supervision of PIP Central Danube Regional Development Limited Liability Company (PIP Nonprofit Ltd.) are exercised by the Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade.