Hungary ranked among the world’s ten most attractive investment destinations, according to the American investment magazine Site Selection, as it raked in investments from Germany and the United States.
Nearly a 100 major investments were reported in 2018, bringing in 4.3 billion EUR into the Hungarian economy.
The knowledge and motivation of the Hungarian people is fully competitive, said Hungarian Foreign Minister Peter Szijjarto
The Hungarian Investment Promotion Agency (HIPA) was ranked as the best such agency across the region comprising central Europe and central Asia.
Germany remains Hungary’s largest foreign investor followed by the United States, but Szijjarto said that he expects future investments to come as much from the East as from the West.
Japanese, Chinese and Korean firms are all eager to bring in their developments which will also determine the trajectory of the European economy, the Foreign Minister added.