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Hungary 8th best in region for foreign investment

A newly released study by Big Four auditing firm Ernst & Young identified Poland as the most attractive country in the region for foreign investors, based on the number of FDI projects carried out in each country in 2005. With 180 projects, Poland ranked 5th in the entire EU, tying with Belgium, following the UK, France and Germany, which attracted foreign investors in 559, 538 and 181 instances, respectively. The Czech Republic, where foreign capital stood behind 116 projects, got the 7th place, with Hungary following close on its heels with 115 projects. While the number of Polish and Czech FDI projects increased year-on-year in 2005, Hungary saw a 17% decline, which Ernst & Young attributes to the outstanding 2004 figures rather than an unsuccessful year in 2005. (Vg 4)