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K&H: Hungarian companies positive about investments this year

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Hungarian companies are more positive about making investments this year than they felt last year, as almost 57% of respondents participating in the Large Enterprise Growth Index survey from K&H Bank are planning investments, according to a press release issued today.

The ratio of investments has not been this high for the past two years, Peter Roebben of K&H said in connection with the index. K&H noted, however, that relevant data from the first quarter of the year has not been published

Based on data provided by the respondents, K&H found that the largest amount of investments are planned in the field of technological development with 29% of respondents foreseeing investments in this field. Some 18% of respondents said that capacity expansion will be another important area for investments.

While last year only 21% of the companies were planning to increase the amount of money spent on investments, this year 31% of respondents said they were willing to raise expenditures on investments.

The region of Western Hungary proved to be the most active, according to the index. While in Budapest 51% of respondents said they were considering making investments this year, 61% of companies in Eastern Hungary were planning investments while that amount is 66% in the western region, according to K&H.

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