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Nov 29, 2017

Investments in Hungary have risen by an annual 18.3 percent

Official data shows significant growth across most sectors. Between Q1-Q3, investments in Hungary rose by 22.6 percent year-on-year, reaching 4,144 billion HUF in absolute terms

Investments in Hungary have risen by an annual 18.3 percent in the third quarter, according to new figures released by the Central Statistical Office (KSH).

Official data shows significant growth across most sectors which increased by 1,596 billion HUF (5bn EUR) on the same period last year.

According to MTI, the manufacturing sector climbed by 14.4 percent and the real estate sector was up 19.4 percent.

In the logistics sector, investments increased by 11.2 percent. Investments in machinery were up 20.2 percent and construction investments increased by 17.4 percent.

Between Q1-Q3, investments in Hungary rose by 22.6 percent year-on-year, reaching 4,144 billion HUF in absolute terms.

Mihály Varga, minister for National Economy, said investments were also increasing in parallel with growth in the economy, meaning more and more jobs in Hungary.

The minister noted that in the first three quarters the volume of investments had grown by almost 23 percent. He said that when these investments come to fruition in the next year to a year-and-a-half, they would contribute to further economic growth.