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FDI expected to reach €5 bln in 2006

In 2006, some €5 billion foreign direct investment (FDI) is expected to flow in to Hungary, Világgazdaság reported. The stream of capital may calm fears about the budget deficit, János Kóka Economy and Transport Minister said at a London press conference. The minister referred to ongoing negotiations with major multinational companies including Sony and Toshiba. Main investment decisions will be made this year in relation to companies like Michelin, Ibiden Hungary Manufacturing Kft, IBM Hungary, AGC and Suzuki Hungary Rt as well. South Korean tire manufacturing company, Hankook will invest a total of Ft 132 billion and commence its operations in 2007.