Hungary less appealing to foreign investors
Hungary ranked 11th on the list of European countries targeted by the most foreign capital investments, a slight drop compared to the 8th position in 2005.
However, nearly 11,000 new work places were created through these investments, driving up Hungary to 7th place on the respective list, said István Havas, CEO of Ernst and Young Hungary. Regarding the number of projects Hungary ranked at 4th, with 108 projects launched.
Most started in Poland (152), followed by Romania and the Czech republic (140 and 113 projects, respectively). A total of 3,531 investments started in Europe last year, a 15.2% rise compared to 2005.
Most foreign investments in Europe go into services and the knowledge industry (software, business services, and electronics), while targeted industries in Hungary include car factories and services.
Most foreign capital invested here comes from Germany (30 projects), USA (28 projects), Japan and Austria (7 projects each).
Most attractive regions to invest foreign capital into are: (1) Western Europe, (2) China, (3) Central Eastern Europe. (Gazdasági Rádió)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.