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.

ADVERTISEMENT

Differences in taxation in the CEE region Analysis

Differences in taxation in the CEE region

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

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.