Investments under preparation are mostly in the vehicle and machinery industries, electronics and IT sectors and in shared service centres. Nine new shared service centres (SSC) are planned. The rapid increase in SSC services continues, the investment promotion agency said, citing 80 such centres in Hungary offering finance and accounting, procurement, logistics, IT and human resource services, employing more than 30,000.

The auto industry is another favourite for investors, Napi Gazdaság wrote. According to projections by BMI Autos Report, production capacity in Hungary will have reached 334,000 by 2014 with export revenues totalling Ft 1.7 trillion by that time.

Source: Hungary Around the Clock

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