Hungarian Investment and Trade Agency
Hungarian Investment and Trade Agency (HITA) are dealing with 112 investment projects this year. In the theoretical case, EUR6.05 billion of investments could creat directly more than 28,000 and indirectly - through the supply chain - 60,000-65,000 new jobs in Hungary - said Erzsébet Dobos, President of the HITA at DHL Logistics Conference. The president said 70 percent of the investments are re-investments, therefore, it is important to have a close relationship with investors.
8 March 2012
FDI plays an extraordinary and growing role
The Agency expects increase in foreign direct investment (FDI), which comes from the Middle East region and China. Dobos said China is not a simple matter, long term success can be expected only, but a couple of projects are expected to be achieved this year.
The local trading companies, founded since 2005, almost immediately turn to foreign markets while the older ones are suffering from typical anti-export problems such as lack of language skills.
Research of HITA's predecessor from 2008 and new reasearch of MFB (Hungarian Development Bank) also confirms that the activity of local trading companies on foreign markets are not limited by primarily financial reasons, but the lack of knowledge and management structure. The Agency, therefore, organises training courses to help local companies in how to enter into foreign markets.
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