More major investments to be made in Hungary in 2013, economy minister says

Int’l Relations

More major investments that received grants earlier will be carried out in Hungary next year, and the amount of state investments will also increase, National Economy Minister György Matolcsy said on Wednesday in the Parliament in a written reply to an opposition MP's question about 2013 investments.

More major investments that received grants earlier will be carried out in Hungary next year, and the amount of state investments will also increase, National Economy Minister György Matolcsy said on Wednesday in the Parliament in a written reply to an opposition MP's question about 2013 investments.

Matolcsy mentioned investments from Robert Bosch, Haribo, Raba, Value, FAG, Maxon Motor, ZF Hungarian, Grundfos and Delphi as expamples.

Foreign concerns are increasingly interested in making investments in Hungary, a fact evident in the already announced developments and inaugurated investments, Matolcsy said, adding that this year the most investment interest has come from the vehicle industry.

Foreign direct investments into the services sector mostly come from the US and Western Europe, Matolcsy noted.

European Union funding will be instrumental in the expected increase in state investments next year, the economy minister said. Most of the funding will go towards infrastructural developments and the agriculture, he said.

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