That means that last year, net investments nearly reached the amount invested in the previous three years combined. All this during a time when total FDI worldwide declined 18 percent in the same time frame as it nearly tripled in Hungary.

Most of this investment came from Luxembourg, Italy, Germany, the UK, and Austria.

The Hungarian government signed strategic partnership agreements with numerous companies to encourage more investment, and thus job growth. Some of these fields include the automotive industry (Audi, Mercedes, Opel, Bridgestone, and others), pharmaceuticals (TEVA, Mylan, and others), electronics (Robert Bosch, Nokia Siemens), and many others. These agreements signify the increase of one-off investments, like building new production facilities, as well as reinvestment, like increasing existing production capacity. These companies contribute meaningfully to the Hungarian economy, providing not only good jobs but business for Hungarian suppliers.

Clearly, when we look at the economic growth figures, there’s still much to be done. But to those critics who say that investors are fleeing Hungary, well, the numbers tell a different story. On FDI, the nation is doing far better that it had been. The OECD predicts that Hungary’s GDP will grow +0.5% this year and +1.3% in 2014, made possible in part of course by our investors, who light up our country with innovative workplaces.

Source: A Blog About Hungary

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