Less and less investment in Hungary
Investment volume in Hungary fell by an annual 2.8 percent in the first quarter, the Central Statistical Office (KSH) said on Tuesday.
Quarter on quarter, investments were up 1 percent in Hungary, based on seasonally adjusted data.
The volume of construction investments fell by 1.6 percent, while that of machinery and equipment investments went up by 5.9 percent.
Investments were worth HUF 2,892 billion in the first quarter, with manufacturing accounting for 916 billion of the total and real estate HUF 673 billion.
Source: MTI
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3 Comments
On-going CRUMBLING Collapsing Economy.
No Stability and No Sustainability in the Hungarian Economy.
Hungarian forint, in its last legs of SURVIVAL, and grows in its declining valuation and WORTH.
Capital of Hungary – continues to be PULPERIZED by the Orban Government.
No new Capital, through the state of the Hungarian Economy being BUILT.
Orban continues to “sell off” integral parts of the Hungarian manufacturing and industrial areas componentry of Hungary – to Foreign ownership.
Foreign ownerships “BLEEDS” Hungary in being able to build Capital.
Foreign ownership – any profits THEY make are sent back to the country of ownership of the particular business operation.
They are NOT invested into Hungary.
Hungary – is a declining interest as a country to MAKE Investment.
It would be great if the Government would offer incentives for new business. Having to pay tax up front on a start up business puts many people off investing starting a new business.
The first 2 years can put so much stress on a startup business but having to pay so much in tax before you have even opened the door is a complete put off.
Guys, let’s be honest, we dont need investment from foreigners. We have very wealthy people in this country, who made their money DOMESTICALLY, e.g. Lorinc and the Orban family. Trust me, we’ll be much richer if we stop interference from the west. Personally, i want more investment from Russia. Russia is a fabulously wealthy country, and they care about Hungary much more than brussels!!!!!