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Fewer Large Companies In Hungary Are Foreign Owned

• 9 Jul 2020 8:25 AM
• Hungary Around the Clock

The proportion of large firms with annual revenue above Ft 1 billion that are foreign owned is on the decline, dropping from 41% in 2011 to 31% now, company information service provider Opten reports.

The number of companies with more than Ft 1 billion in annual revenues has increased by 50% from 6,500 in 2011.

Of the companies with revenues of at least Ft 100 million, 12% are foreign-owned, down from 18%.

The number of large German and Austrian companies is declining not only in relative terms but also in absolute terms compared to 2011.

The number of American-owned companies is on a sharp decline but the number of companies from the UK and Italy is rising.

The growth in businesses controlled from Ukraine is also rising, but this might be linked to the grey economy, Opten commented.

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