In a search for a place to invest? – an American magazine chose Hungary again among the global bests!

Hungary is among the most popular places to invest for the third time consecutively. Furthermore, according to the Site Selection, an American economic magazine specialised on investment issues, they chose the Hungarian Investment Promotion Agency the best on the field in the region.

The editorial mission of the Site Selection is to publish information for expansion planning decision-makers — CEOs, corporate real estate executives and facility planners, human resource managers and consultants to corporations. Their goal is to help the expansion planner do a better job. 

According to magyarhirlap.hu, the magazine chose Hungary for the first time consecutively one of the most popular destinations to invest money in the world. Tamás Menczer, secretary of the Ministry of Foreign Affairs and Trade, told on his Facebook page that investors and companies trust Hungary, and they trust the people, as well, and they know that

Hungarians are talented and hard-working people.

The Hungarian Investment Promotion Agency delivered 101 investments to Hungary in 2019, creating 13,500 jobs. Mr Menczer said that the task is the same this year since they will create as many workplaces as the virus extinguished.

• Coronavirus – Government broadens eligibility for investment subsidies
• Looking for a good place of investment? – Real estate prices started to decrease in Budapest
• Foreign minister: Companies ready to invest to mitigate virus’s economic impact

On their website, Site Selection cleared that it is impossible to highlight last year’s successes as populations and economies in every corner of the world are ravaged by an unprecedented crisis. They added that

it will be years, perhaps decades, before global FDI (foreign direct investment ) returns to recent norms.

Moreover, their Global Best to Invest rankings are a look back at the economic and job creation successes from the year gone by, “and may give us a hint as to which economies will lead the global recovery.”

Top countries per jobs per capita:

1. Costa Rica
2. Ireland
3. North Macedonia
4. Serbia
5. Bulgaria
6. Lithuania
7. Austria
8. United Kingdom
9. Hungary
10. Belgium

According to the magazine,

the United States, unsurprisingly, remained the largest recipient of FDI,

attracting $251 billion in inflows. China, again, followed with inflows of $140 billion, a slight increase over 2018. Meanwhile, the biggest winners were the Latin-American countries which saw the greatest worldwide rise in FDI, and Singapore, whose FDI inflow went into hyperdrive, up 30% over 2018.

Source: magyarhirlap.hu, siteselection.com