Foreign direct investment up significantly in January-June
Budapest, July 8 (MTI) – After a record year last year, the number of foreign investment projects in Hungary supported by the national investment promotion agency (HIPA) has grown significantly in January-June, reaching 1.33 billion euros, the foreign ministry’s state secretary said on Friday.
Thanks to the growing number of investments, a response must be given to the current labour shortage, Levente Magyar told a press conference. By contrast, before 2010 Hungary’s problem had been mass unemployment.
Robert Esik, HIPA’s president, said the agency had approved supporting 38 FDI projects in the first half of the year, 27 percent more than during the same period in 2015. These will create 8,529 jobs over the next few years, he said.
Eight new foreign investors have opted for Hungary and 32 already here have decided to reinvest here. This shows that the majority of big companies have a favourable view of Hungary, he added.
Source: MTI
please make a donation here
Hot news
What happened today in Hungary? — 25 April, 2024
Azerbaijan supplies gas to Hungary for the first time in history
Chinese President to visit Budapest: why is Xi coming to Hungary?
Breaking: Hungarian government to sue Spar
Attention: Budapest-Vienna railway line renovation continues in Hungary, timetable changes
Orbán: Make America Great Again! Make Europe Great Again!