French-Owned Companies Form the Fifth-Biggest Group of Investors in Hungary

  • 24 Jan 2024 12:06 PM
  • Hungary Matters
French-Owned Companies Form the Fifth-Biggest Group of Investors in Hungary
National Economy Minister Márton Nagy spoke at the year-opener event of the Hungarian-French Chamber of Commerce and Industry.

French companies in the automotive, pharmaceutical, food, retail and energy sectors provide livelihoods for 41,000 households in Hungary and generate annual revenue of more than 3,700 billion forints (EUR 9.7bn), Nagy said at the event.

French-owned companies form the fifth-biggest group of investors in Hungary, accounting for about 6% of FDI arriving in the country, he added.

French ambassador to Hungary Claire Legras as well as executives from the local units of Auchan, Cofidis and Sanofi attended the event, the National Economy Ministry said.

MTI Photo: Zoltán Balogh
 

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