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Hungary: Foreign Direct Investments Declining

Published: September 3, 2012; 22:17 · (Vindobona)

Against the reference period of 2011, investments in Hungary were down by 6%.

Hungary: Foreign Direct Investments Declining / Picture: © Vindobona.org

In the second quarter investments totalled € 3.25bn. Compared to the first quarter of 2012, this is a decrease by 2.2%. In the first six months, investments reached € 5.75bn and were down by 7.1%.

Investments in the manufacturing industry were down by 5%. The construction industry showed a reduction in investments of 4.7%. The machine manufacturing industry registered a decrease by 2.6%. Public investments shrank by 6.7%.

What is more, real wages are decreasing too. In the first and second quarter of 2012, Hungary registered an recession for the first time since 2009.

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