• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Hungary – world’s 7th most favoured investment targetHungary – world’s 7th most favoured investment targetHungary – world’s 7th most favoured investment targetHungary – world’s 7th most favoured investment target
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Alexandra Béni Alexandra Béni · 05/09/2018
· Business

Hungary – world’s 7th most favoured investment target

investment labour market list money statistics
investment office money business

Hungary is the world’s seventh most favoured investment target, according to IBM Global Location Trends, a government official said on Tuesday.

Commenting on the 2017 report, Tamás Menczer, state secretary for communications, said that in terms of high value-added foreign investments, Hungary is also at the forefront, ranking 16th.

At a press conference in Budapest, he noted a favourable economic environment for investors, one of the lowest personal income tax rates in Europe and its lowest corporation tax.

Based on data recorded in 2017 Serbia came in first, followed by Lithuania then Bosnia and Herzegovina. Not adjusted for the size of population the United States was first, China took second place and Mexico third.

Hungarian Investment Promotion Agency (HIPA) head Robert Esik said in 2017 IBM registered 121 investments in Hungary by foreigners, which created 17,500 jobs.

Around 5,500 jobs were created in Budapest, putting it in 6th place among European capitals.

Esik noted that in the first half of 2018 HIPA helped attract 46 investments to Hungary valued at more than 2 billion euros in total and creating 7,000 jobs.

Source: MTI

investment labour market list money statistics
Share
Alexandra Béni
Alexandra Béni

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Hungarian foreign minister snaps back at US Ambassador
  • What happened today in Hungary? — 2 February, 2023
  • Egypt is ordering trains from Hungary
  • Fidesz MEP fears censorship from Brussels, says sanctions ruin Europe
  • This is the price increase to be expected after the abolition of official prices in Hungary
  • Discovery: Light shed on the eastern origins of the Szeklers
  • Hungary’s smallest wine region is a real treasure
  • Snow shower and frost to come to Hungary this week – weather forecast

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V