• Home
• Channel: Business
• Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

• 29 Nov 2022 5:47 AM
• Hungary Matters

Investment volume in Hungary grew by an annual 7.7% in the third quarter, edging down from a 7.8% annual increase in Q2, the Central Statistical Office (KSH) said, adding that the increase in investments could be explained by the dynamic activity of households and businesses combined with shrinking government investments.

Developments in the manufacturing industry, the energy sector as well as housing construction increased, while investments related to transport, storage and agriculture held back economic performance.

Corporate investments grew by 10.3%, picking up from a 3.0% increase in the previous quarter, helped by developments of foreign-owned companies.

Public sector investment fell by 10.5% after growing by 3% year on year in the second quarter.

Full report available here

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Investment

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Germany Named as Hungary’s Largest Trading Partner, Bavaria is Key

• 15 May 2024 7:24 AM

Márton Nagy, the national economy minister, is heading a delegation on a visit to Germany, where he met Hubert Aiwanger, the deputy prime minister of the federal state of Bavaria, and Eric Beisswenger, the federal state’s minister for European and international affairs, the ministry said in a statement.



OECD Predicts Accelerating Economic Growth in Hungary

• 3 May 2024 5:59 AM

The OECD forecasts Hungary’s GDP will climb by 2.1% this year and its growth accelerating to 2.8% in 2025, according to its biannual Economic Outlook published.



Chinese Investments Worth HUF 6,000 Billion Under Way In Hungary

• 24 Apr 2024 7:02 AM

Currently there are some 6,000 billion forints (EUR 15.2bn) worth of Chinese investment projects under way in Hungary, creating 25,000 jobs, the foreign ministry quoted Péter Szijjártó, the minister of foreign affairs and trade, as saying in Beijing.



"Smokeless Products" Plant: New HUF 60 Billion Investment Announced by BAT to Create 450 Jobs in SW Hungary

• 22 Apr 2024 6:47 AM

British American Tobacco is expanding production in Pécs, in south-west Hungary, with a new 60 billion forint (EUR 152.4m) plant manufacturing smokeless products, creating 450 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest.