main navigation menu
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter
x
Hungary

Tungsram Company Ltd.

$30 million
Manufacturing
Project Brief
Not Active

MIGA executed a 20-year, $30 million reinsurance agreement with the Overseas Private Investment Corporation of the United States to support the General Electric Company's $150 million acquisition of an interest in the Tungsram Company Ltd., of Hungary, which produces lighting products. The U.S. company's investment-one of the largest foreign investments in Eastern Europe since the recent implementation of radical political and economic reforms in the region-will help to modernize and expand Tungsram's manufacturing and distributing operations. The risks covered by MIGA under its reinsurance contract are currency transfer and expropriation.