Budapest Bank: investment mood in agriculture is growing

Investments may continue to grow this year: after 23 percent last year, 35 percent of the companies would increase their total investment, on average, by doubleing them, according to an agrarian research study commissioned by Budapest Bank, which was sent to MTI on Monday.

GfK Hungária Market Research Institute surveyed the agricultural enterprises with a turnover of over 50 million forints. Last year almost 70 percent of the small and medium-sized agricultural enterprises carried out investments and the proportion of those who are developing technology development for the next 12 Month increased significantly. 60 percent of respondents plans technology developments. (MTI)