The must-have newsletter about Hungary

Related Articles

PALKOVICS: HUNGARY 'EXTREMELY ATTRACTIVE' TO FOREIGN INVESTORS

 

The number of foreign investments seen in Hungary in recent years shows that the country is an “extremely attractive” destination for investors, the innovation and technology minister said in Brussels. Speaking to Hungarian reporters during a break in a European business summit, László Palkovics said that there were “still many who are unaware of the economic progress Hungary has made since 2010″.

Last year, a total of 98 major foreign companies decided to invest in building factories or research institutions or pursuing other forms of business in Hungary, the minister noted, saying this was a testament to the progress made by the economy. Certain economic players, however, are still unaware that Hungary’s economy grew by nearly 5% last year or that the unemployment rate had fallen to 3.6% from above 10% nine years ago.