Recent investments made by Switzerlandʼs Nestle, PhoenixMecano, Stadler and Fraisa are a sign of an improving business environment in Hungary, according to Varga, who added that approximately 300 Swiss-owned companies in Hungary employ nearly 40,000 people. Switzerland is the seventh-largest foreign investor in Hungary, he said, with CHF 132 mln in support coming from the Swiss Contribution Fund alone.
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