Investors love Hungary
Hungary is the seventh most popular investment target in Europe, proceeding, among other countries, Bulgaria, the Czech Republic and Ukraine, as shown in the survey by the professional services firm Ernst & Young, made on a sample of over 800 executives.
As to the number of new jobs and investment projects, Hungary also finished 7th place, keeping and upgrading 4 places its 2007 position, respectively. In 2006 there were 108, while in 2007 135 new projects; the growth was mainly due to investments in industrial production and logistics. 30% of the investments went to service sector: in this area Hungary came in a close second to Poland.
Forty-one percent of the respondents projected, that China will become the most popular target country for investments, though at present, according to the data by United Nations Conference on Trade and Development (UNCTAD), China hosts as little as 4.4% of the total FDI (foreign direct investment). West Europe has a 37% FDI share, and Central East Europe (with Russia included) can boast of 28% of the new projects and of 58% of the new jobs. (Napi Gazdaság)
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