Hungary is the seventh most popular investment target in Europe

By: trademagazin Date: 2008. 06. 10. 00:00

Only Poland has a better position in the region, as shown in the survey by the professional services firm Ernst & Young, made on a sample of over 800 executives.

As to the number of new jobs and
investment projects, Hungary also finished 7th place, keeping and
upgrading 4 places its 2007 position, respectively. In 2006 there
were 108, while in 2007 135 new projects; the growth was mainly due
to investments in industrial production and logistics. 30% of the
investments went to service sector: in this area Hungary came in a
close second to Poland.

Forty-one percent of the respondents
projected, that China will become the most popular target country
for investments, though at present, according to the data by United
Nations Conference on Trade and Development (UNCTAD). West Europe
has a 37% FDI share, and Central East Europe (with Russia included)
can boast of 28% of the new projects and of 58% of the new jobs.