FDI quadrupled in past decade
Graphic by dizain / Shutterstock.com TOO BIG
About four times as many investments came to Hungary last year through the Investment Incentive Scheme than in 2009, the last full year of the liberal government, according to Tamás Menczer, State Secretary for Information and International Representation of the Ministry of Foreign Affairs and Trade, writes origo.hu.
Graphic by dizain/Shutterstock.com
In 2009, there were 27 investments in the country, while in 2019 the number rose to 101, the State Secretary explained. He pointed out that due to the increase in investment, unemployment in 2010 dropped from about 12% to 3.4%.
He added that once jobs are in place, obviously the most important thing is to raise wages, as everyone wants to take a step forward from time to time.
Between 2017 and 2019, the average wage paid for investments increased by 50%, from HUF 304,000 to HUF 454,000, origo.hu quoted Menczer as saying.
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.