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Hungary: Percentage of Foreign Direct Investments in Decline
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Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
Hungary: Percentage of Foreign Direct Investments in Decline / Picture: © Vindobona.org
The reasons for the massive drop might be the almost-weekly changes in fiscal policy as well as the undeveloped state fundings and the rigid and slow bureaucracy which make it unattractive for foreign enterprises to invest in the Hungarian economy. Hence, figures drop: in 2012 the GDP declined by -1.7 %, there was 7.3 % less production in the industrial sector and more than 40,000 fewer…
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