Hungary becomes one of most important investment destinations in world
Hungary has become one of the most important investment destinations in the world, a state secretary from the Hungarian Ministry of Innovation and Technology said here on Thursday.
“As a result of macroeconomic consolidation and investment-friendly environment, Hungary has become one of the most important investment destinations in the world,” State Secretary for Economic Strategy and Regulation László György told a conference of the Joint Venture Association.
Read alsoHungarian investment volume exceeds last year’s record
“Last year the government concluded 101 large-scale investment agreements worth 1,705 billion forints (5.66 billion U.S. dollars), representing 4 percent of GDP,” György added.
Since 2014, the real deficit has been below target every year, effectively reducing public debt, according to György, who also stressed that the Hungarian economy has become much more resilient than it was in 2008.
Read alsoHungary must continue economy’s ‘dimensional shift’, says foreign minister
In 2019, Hungary’s GDP expanded by 4.9 percent, after 5.1 percent in 2018.
Source: Xinhua – BUDAPEST
please make a donation here
Hot news
Will SPAR withdraw from Hungary? Find out the answer here!
Hungarian justice minister: Brussels does not focus on real problems
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