The rate of German companies planning to increase investments in Hungary fell dramatically

A recent survey of the German-Hungarian Chamber of Industry and Commerce (DUIHK) found that the rate of companies planning to increase investments in Hungary fell to only 16%. 30% is the rate of those enterprises that would halt investments. That is the worst figure since 2010.

According to portfolio.hu, only 78% of the German entrepreneurs active in Hungary said that they would come to Hungary to invest. That figure was 80% last year and 88% four years ago.

Poor marks to state of the Hungarian economy

Businesses in Hungary are adapting to an uncertain environment, a survey by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows, the Hungarian News Agency said. Around 52pc of respondents gave poor marks to the state of the national economy, while 44pc said it was satisfactory. Looking ahead, 44pc augured a deterioration and 42pc said the situation would remain stable. Just 14pc augured an improvement.

Assessments of Hungary’s economic policy have worsened since 2022, with respect to predictability, legal certainty and corruption, said DUIHK head András Sávos. Addressing government measures such as a cap on markups, he added that the chamber’s position was that long-term interests shouldn’t be sacrificed for short-term goals. Asked about their own businesses, 28pc of respondents delivered positive assessments, 49pc neutral assessments and 23pc poor ones. Gauging outlooks, the survey showed 26pc expected improvement and 25pc saw business getting worse, while 46pc expected no change.