Hungary still attractive for investors - Kóka
Tuesday, October 18, 2005, 14:36
Infrastructure, human capital and regulatory environment make Hungary one of the most attractive investment targets in the region, said Economy Minister János Kóka yesterday at an international conference for European, Middle-Eastern and African service center representatives, Világgazdaság reported. A survey by Ernst&Young ranks Hungary as the fifth most attractive target for investment in the world, he added. However, infrastructure needs further developments so that Hungary?s geographical advantages can be capitalized on. Then he went on to speak about labor capacity and said that Hungary has lost its advantage of cheap labor. Hungary?s aim today is to attract companies that produce higher added value and appreciate well-trained labor force.