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Hungary net FDI set to reach €3 bln in 2013

Int’l Relations

Net foreign direct investment in Hungary is expected to reach about €3 billion this year, the National Economy Ministry said on Wednesday. The amount excludes one-off transactions, such as the sale of German utilities company E.ON's gas business in Hungary, and also excludes capital in transit, that is, FDI bound for third countries, the ministry noted. Net FDI is expected to reach an average annual €3.5 billion in the mid-term, excluding one-time effects, it added. Net foreign direct investment in Hungary came to €10.5 billion last year, up from €3.8 billion in 2011. Capital in transit accounted for €3.9 billion of the amount last year, up from €2.6 billion in 2011, figures of the National Bank of Hungary show. FDI stock in Hungary came to €78.5 billion at the end of 2012. Net FDI by Hungarian companies abroad reached €8.2 billion last year. Capital in transit made up €4.3 billion. In 2011, €2.7 billion of the €3.1 billion invested by Hungarian companies abroad was capital in transit. Total stock of direct investments abroad by Hungarian companies reached €26.3 billion at the end of last year.

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