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Companies find no benefits in EU accession - PwC

Companies operating in Hungary are generally satisfied with the local economic environment and many are planning large investments in the near future, but most of them feel uncomfortable with the EU, according to a PricewaterhouseCoopers survey published in Napi Gazdaság.

PwC interviewed 120 managers from its own clientele, and found that 60% was planning investments, mostly in excess of Ft 100 million. Most of these investments involve relocating a specific company function to Hungary, and, though large in value, will likely not create a large amount of jobs, PwC said.
Surprisingly, most companies reported a negative impact when asked about the effects of Hungary’s EU accession, citing growing competition and increased administrative burdens.