World Economy

Hungary Investments Rise by 17%

Hungary Investments Rise by 17%Hungary Investments Rise by 17%

The dynamic expansion characterizing the previous year continued in the first quarter of 2018—the volume of investments of Hungary in the first quarter exceeded the volume of the same period of the previous year by 17.3%, official data revealed Wednesday. The seasonally adjusted volume of investments rose by 4.1% in the first quarter of 2018 compared to the previous quarter, the Hungarian Central Statistical Office, or KSH, said in a statement. The investments rose by 16.7% in 2017, Xinhua reported. During Q1 2018, construction investments rose by 26.4%, while machinery and equipment saw a growth in investments of 10.4% compared to the same period of last year. The performance of investment decreased by 1.1% in the case of enterprises employing at least 50 persons, realizing more than half of investments, whereas investments grew by 65% in the case of budgetary organizations accountable for 12% of investments, compared to the same period of the previous year.



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