Foreign-owned businesses account for nearly half of value added in Hungary
Hungarian companies controlled by foreign owners accounted for 46% of value added in the economy in 2019, state news wire MTI reports, citing fresh data compiled by the Central Statistical Office (KSH).
Companies controlled by owners from other European Union member states accounted for 63% of that value added.
German-owned companies made up 29% of value added by foreign-owned companies, and U.S.-owned companies 16%. Austrian-owned companies accounted for 8%.
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