Foreign companies satisfied with Hungary business environment

Analysis

Most foreign-owned companies in Hungary are satisfied with the business environment in the country, state secretary for foreign affairs and trade Péter Szijjártó said in an interview published in Thursday's issue of business daily Napi Gazdaság.

Szijjártó said he had met with the managers of companies such as GE, Citibank, Delphi and Oracle during a visit to Washington a week earlier and "it felt good to hear about their satisfaction with the business environment". He conceded that some companies in Hungary have a bigger burden to carry because of the government measures to more equitably share the public burden and noted Brussels opposition on the matter.

But he said the "decisive majority of companies, especially those operating in production, are satisfied with their surroundings". "When Opel, Mercedes or Audi launch an expansion of production in a country, we can't say that there is a lack of investor confidence," he added.

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