FDI to total € 4 billion in 2006

Pharma

Foreign direct investment in Hungary is expected to total close to €4 billion by the end of 2006 and goes up to between €4 billion and €4.5 billion in 2007, Economy Minister János Kóka said in Budapest on Tuesday.

The minister told reporters that this year's investments would bring the overall volume of FDI in Hungary to €55 billion, the highest among countries in CE Europe. Kóka said his ministry was holding talks with 120 investors with the prospective of creating 42,000 new jobs. He noted that the economy ministry had since November 2004 announced 40 big investments worth a total of Ft 639 billion, with 18,641 jobs already created or in the offing. (MTI)

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.

Support the BBJ

Industry