Survey: FDI creates 11,000 jobs in Hungary in 2015

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The number of jobs created by foreign direct investment (FDI) in Hungary in 2015 more than doubled compared to the previous year, reaching more than 11,000, according to EY’s Attractiveness Survey 2016 - Destination Europe, published today. 

EY’s survey shows that precisely 11,741 jobs were created through 94 FDI projects last year, while in 2014 the number of jobs created was 4,868. In 2013, FDI in Hungary created 3,879 jobs, data from the survey show. 

Altogether 69 FDI projects were realized in Hungarian manufacturing, which were directly responsible for the creation of 10,675 jobs. The financial and business services sector saw 15 FDI project last year, and 941 new jobs as a result. One fifth of FDI originated in the United States, while almost 60% of FDI came from Western European countries, the survey added.

“In the coming years the emphasis is expected to fall on digital industries and sectors from the point of view of foreign investors,” Botond Rencz, EY Hungary CEO, said. The CEO noted, however, that the number of those planning to invest in Europe has dropped. “While two years ago one third of the respondents said they were planning to invest in Europe, last year only one fifth of the respondents said they were considering investments in Europe this year,” Rencz said.

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