Survey: 80% of foreign companies would reinvest in Hungary

Competition

Given the choice, 80% of foreign-owned companies would reinvest in Hungary based on the current situation, up from 71% in 2015, an annual survey of 227 companies carried out by the German-Hungarian Chamber of Industry and Commerce (DUIHK) showed, state-owned news agency MTI reported yesterday. 

The investor sentiment index of the survey reportedly rose to 18 points from 10 points. The index reflects companiesʼ opinions of the economy, the companiesʼ own business prospects and expectations and revenue forecasts.  

The biggest improvements cited by companies were in predictability and adherence to the rule of law, and minor improvements included reducing the tax burden, the survey found. Overall, companies surveyed reportedly said they still find the level of corruption and lack of transparency at public tenders dissatisfying.  

The survey found that 38% of companies want to invest more this year than last year and only 15% are planning to cut back on investment. Based on companiesʼ answers, 43% of them are planning to hire new employees and 14% want to lay off workers. Investments and employment could both grow the most in the manufacturing sector, especially among bigger, export-oriented companies.  

Companies said they are worried about a shortage of skilled workers, and 54% see it as a problem. A majority said they are satisfied with labor laws and the quality of local infrastructure.

ADVERTISEMENT

Job ads in hospitality, tourism sector grow drastically  Analysis

Job ads in hospitality, tourism sector grow drastically 

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.