• Home
• Channel: Business
• Number Of Startup Investments Skyrockets In Hungary

Number Of Startup Investments Skyrockets In Hungary

• 25 Apr 2019 7:18 AM
• Budapest Business Journal

The European startup market achieved records in terms of both the number and volume of investments in 2018, with the number of capital investments in Hungary growing at the fastest pace year-on-year proportionally, according to EYʼs Start-Up-Barometer.

During the entirety of 2018, European startups received a total of 4,199 investments, up 15% from 2017. The volume of investments grew by 11%, amounting to more than EUR 21 billion in total, according to the EY study.

In Hungary, 132 startup investment transactions took place, twice as many as the preceding year, a growth unmatched across the continent. The sharp increase means that Hungary is now in eighth place in Europe regarding the number of investments, ahead of Russia and Denmark. From the CEE region, only Hungary managed to crack the top ten.

"In Hungary, the startup ecosystem is increasingly developed and partially thanks to this, the domestic startup community is one of the most active in Europe," says Ferenc Nagy, expert of EY Hungaryʼs transaction advisory branch.

"It cannot be emphasized enough that an innovative mindset and a good idea are not enough by themselves to achieve success," he adds. "A dedicated and authentic team is indispensable, and so is an international business mindset and strategy, playing a key role in the founders finding the optimal investor for their future plans for themselves."

The largest value of startup investments, EUR 7 bln, was registered in the United Kingdom, followed by Germany (EUR 5 bln), and France (EUR 3.5 bln).

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Start-Up Investments

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

Household Electronic Devices Maker Dyson Chooses Hungary for Investment

• 21 Mar 2024 5:20 AM

Singaporean company Dyson, a leader in the production of household appliances, is planning an investment in Hungary, Foreign Affairs and Trade Minister Péter Szijjártó announced yesterday after a visit to the city.



Hungary-US Trade Record Broken

• 8 Mar 2024 7:45 AM

Hungarian-American bilateral trade set a new record, exceeding 9 billion dollars last year, while US investments continue to flow into Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said in Washington, DC, noting that the United States is Hungary’s biggest export market outside the European Union.



US Companies Form Third Largest Investor Community in Hungary - Details Revealed

• 23 Feb 2024 7:15 AM

Consultations on a 23 billion forint subsidy programme for corporate investments that boost Hungary’s level of self-sufficiency in the production of medical supplies have started, the Innovation and Technology Ministry said.



Nestlé to Expand Pet Food Facility in Western Hungary

• 18 Feb 2024 1:12 PM

Swiss-owned Nestlé Hungária is investing 55 billion forints (EUR 141.3m) to expand its pet food facility in Buk, in western Hungary, the minister of foreign affairs and trade said, adding that the investment will create 130 jobs.