Presence of foreign capital on the increase
Analysts are observing a new improvement in FDI. Irish and Chinese companies have already announced new investments in Hungary.
A leading Asian IT company is planning to create a local branch, and an Irish service center’s move to Debrecen will create 250 work places. Chemical ingredients manufacture Celanese Corp (Texas) is launching an investment in Budapest, and Lufthansa IT Systems is expanding its local branch. Total number of jobs created will probably reach 700 plus another 1000 to 1200 in the Chinese project.
Annual €4 billion ($5.4 billion) working capital (FDI) was forecasted to reach Hungary at the beginning of 2007, but the figure will probably be outperformed as $3.5 billion working capital has already moved in between January and April, according to a survey by OCO Consulting. Calculations are hindered by the fact that these data include constructions, while not all statistics do so. ITDH and the Dutch branch of Deloitte has recently published a report which recommended five potential rural centers for development: Debrecen, Kecskemét, Szeged, Pécs, and Székesfehérvár. (Napi Gazdaság)
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.