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Aug 03, 2018

Germany is the biggest investor in Hungary

"Germany is Hungary’s most important external trading partner; its market share is 26.9 percent of the whole Hungarian foreign trade turnover," says Róbert Ésik

The Budapest Business Journal has sat down with Róbert Ésik, the president of the Hungarian Investment Promotion Agency to discuss how important Germany is to the Hungarian economy, and what HIPA does to try and ensure even more FDI from that source.

Ésik said that according to the data of the Hungarian Central Statistical Office, Germany is Hungary’s most important external trading partner; its market share is 26.9 percent of the whole Hungarian foreign trade turnover.

He added that Germany is in the first place with 26.9 percent in our imports and 27.3 percent in our export shares. Germany is the biggest investor in Hungary in respect of foreign direct capital stock present in the country. In 2015, foreign direct investment from Germany came to EUR 21.7 billion, which is 28 percent of the FDI.

Read more here.