Survey: Seven out of ten foreign companies would reinvest in Hungary

Competition

Given the choice, 71% of foreign-owned companies would reinvest in Hungary based on the current situation, a slightly lower ratio than the 75% who gave the same answer in 2014, an annual survey carried out among 209 companies by the German-Hungarian Chamber of Industry and Commerce (DUIHK) showed.

Mainly large, export-oriented industrial companies are planning on hiring more employees and investing more, according to the survey. Vehicle manufacturers were particularly enthusiastic, while companies in the service sector were less optimistic. About 42% of the companies were satisfied with the state of the Hungarian infrastructure and only 21% were dissatisfied. About 37% found labor costs acceptable and 21% thought that they were too high.

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