Hungary ‘Extremely Attractive’ To Foreign Investors, Says Tech Minister

  • 8 May 2019 7:22 AM
  • Hungary Matters
Hungary ‘Extremely Attractive’ To Foreign Investors, Says Tech Minister
The number of foreign investments seen in Hungary in recent years shows that the country is an “extremely attractive” destination for investors, the innovation and technology minister said in Brussels.

Speaking to Hungarian reporters during a break in a European business summit, László Palkovics (pictured above on left) said that there were “still many who are unaware of the economic progress Hungary has made since 2010”.

Last year, a total of 98 major foreign companies decided to invest in building factories or research institutions or pursuing other forms of business in Hungary, the minister noted, saying this was a testament to the progress made by the economy.

Certain economic players, however, are still unaware that Hungary’s economy grew by nearly 5% last year or that the unemployment rate had fallen to 3.6% from above 10% nine years ago.

MTI Photo: Illyés Tibor

  • 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

  • Hungary Aims For SME Friendly Environment

    Hungary Aims For SME Friendly Environment

    • 22 Oct 2019 8:05 AM

    The Hungarian government aims to create a regulatory and tax environment friendly for small and midsize entrepreneurships, Innovation and Technology Minister László Palkovics said, at the economic exhibition and conference Kárpát EXPOrt.

  • Circular Economy Platform Has Been Established In Hungary

    Circular Economy Platform Has Been Established In Hungary

    • 1 Dec 2018 7:17 AM

    On 29 November, 2018 the Circular Economy Platform was officially established in Hungary as an initiative of the Business Council for Sustainable Development in Hungary (BCSDH), the Embassy of the Kingdom of the Netherlands, and the Ministry of Innovation and Technology.