Number of US firms in Hungary drop

Budapest, November 16 (MTI) – The number of US firms in Hungary has declined, dropping from more than 3,000 five years ago to slightly over 2,000 currently, the daily Népszava said on Wednesday.

There has also been a drop in the number of western European affiliates operating in Hungary, but the trend was especially seen in relation to US firms, the paper said, citing information from Opten company information services director Richard Pertics.

Only 2,100 US-owned companies operate currently in Hungary, as against over 3,400 five years ago, the paper said.

In addition to the decline in the number of companies, their overall turnover also significantly dropped, from a reported 1,200 billion dollars in 2010 to 800 billion dollars in 2015, the paper added.

Source: MTI