A total of 250 large and medium-sized French companies have so far invested Ђ2.8bn in Hungary. As EU accession approaches, another 13 companies have indicated their intention to invest some Ђ100m according to ITDH (Investment and Trade Development Agency) general manager Lednitzky.
The new investors are primarily interested in projects in the chemical and aluminium industries, in logistics and in automotive parts manufacturing. Lednitzky said France has become the third largest investor in Hungary after Germany and the US creating 50,000 jobs.
Deputy chair of the Hungarian-French Chamber of Commerce and Industry said 77% of the French investments are concentrated in Budapest and its surroundings, and should be decentralised through enhancing the ability of the rest of the country to take on foreign capital investment.
Source: Hungarian News Agency Corporation
