Investments in Hungary's economy up 7.2% y/y in 2013.

By bne IntelliNews March 3, 2014

Investments in Hungary's economy increased by 7.2% y/y to HUF 4,523bn (EUR 14.58bn) in 2013, reversing from a 5.2% y/y decline in 2012, the statistics office said. Seasonally-adjusted investments advanced by 1.3% on the quarter.

The manufacturing sector, which accounted for the largest share of investments (30.6%) in 2013, registered a 4.9% y/y increase in the investment activity. The transportation and storage sector, with a share of 15.3% of the total, saw a 15.6% y/y increase and investments in the agriculture, forestry and fishing sector were up by 9.3% on the year. Investments in wholesale and retail trade rose by 5.4% y/y.

On the other hand, real estate investments, holding a share of 12.7% of the total, dropped by 11.4% y/y last year.

In other classification, investments in machinery and equipment increased by 8.5% y/y in 2013, and construction investments registered a 5.9% annual rise.

In Q4 alone, investments in Hungary grew by 14.9% y/y, boosted by 136% y/y rise in the transportation and storage sector, an 11.5% y/y increase in manufacturing as well as a 148% y/y growth in the government predominant, public administration and defence sector.

Related Articles

EU calls for tax haven blacklist in Paradise Papers fallout

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ... more

Hungary slides down World Bank's Doing Business index

Hungary fell to 48th from 41st on the World Bank’s latest “Doing Business,” index which rates the business climate in 190 countries, published on October 31. Hungary's regional peers all ... more

Hungary and Slovakia sign memorandum on Eastring Gas Pipeline

Hungarian Foreign Minister Peter Szijjarto and Slovak Economy Minister Peter Ziga signed a statement of intent to build the Hungarian-Slovak stretch of a North-South gas pipeline Eastring in Kosice ... more