FM Szijjártó: 2018 Record Investment Year In Hungary

  • 4 Jan 2019 8:09 AM
  • Hungary Matters
FM Szijjártó: 2018 Record Investment Year In Hungary
Government efforts to boost investment set new records in 2018 both in terms of the number of projects and their combined value, the foreign minister said.

The Hungarian economy saw a total of 98 major investments worth 1,380 billion forints (EUR 4.3bn) last year, Péter Szijjártó noted.

The government contributed 135 billion forints in non-refundable support to the projects, helping create 17,024 jobs.

The average monthly gross salary in newly created jobs was 425,700 forints, which is 40% higher than the 2017 average salary, he told journalists.

Thanks to these major investments, Hungary registered the third lowest unemployment rate in the European Union last year, he said. Szijjártó also pointed out that the investments generally represented higher value-added and placed greater emphasis on research and development.

The largest number of investments — 28 projects — originated from Germany last year, totalling 620 billion forints in value, Szijjártó said. American and Hungarian companies carried out 15 projects each, he added.

The value of Hungarian investments exceeded 100 billion forints, the minister said. The car industry accounted for the largest share of investments with 36 projects worth a total of 851 billion forints.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Japanese Companies Important For Hungarian Economy

    Japanese Companies Important For Hungarian Economy

    • 3 Jun 2019 9:57 AM

    Japanese companies are an important factor in Hungary’s growing economy, contributing to its Europe-topping first quarter annual growth of 5.3 percent, Foreign Minister Péter Szijjártó said.

  • Mercedes Factory Expansion In Hungary Suspended

    Mercedes Factory Expansion In Hungary Suspended

    • 15 May 2019 8:04 AM

    Due to problems facing the German automotive industry, several large manufacturers are rethinking their plans, with temporary changes meaning that Mercedesʼ factory expansion in Kecskemét will also be postponed, news site index.hu reports, citing information from Daimler HQ in Stuttgart, Germany.