Hungary becomes fifth most popular FDI target, Kóka says
Tuesday, November 8, 2005, 16:40
Hungary has attracted more foreign capital compared to its population than any other country in the region over the last 15 years, Economy Minister János Kóka told a conference on Tuesday. Kóka noted that Hungary had improved its position by 5 places to 37th this year in the world competitiveness list prepared by the International Institute for Management Development. The improvement, he said, was mainly the result of the boom of the stock exchange and improvements in education, but it also reflected the higher-than-planned current account and budget deficits.
According to a recent report by KPMG, Hungary is the fifth most attractive target country for investors in the world and is the most competitive country in Central and Eastern Europe, Kóka said.