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Sep 01, 2017

Investment in Hungary increases by an annual 26.8 percent

Investment expanded and the realization of projects launched under the 2014-2020 EU funding cycle also gathered momentum

Investments in Hungary have increased by an annual 26.8 percent in the second quarter of 2017 from a low base one year earlies, the Central Statistical Office (KSH) has announced.

According to MTI, business investments expanded and the realization of projects launched under the 2014-2020 EU funding cycle also gathered momentum.

Official figures showed that "investments rose by a seasonally adjusted 6.3 percent from the first quarter of 2017. First-half investments were up by an annual 25.4 percent."

Analysts expect the rise to continue in the remainder of the year, partly as the utilization of EU funding gathers pace, according to reports.