According to American magazine ‘Site Selection’, Hungary was once again ranked as the region’s best place to invest. ‘Site Selection’ awarded the country top position on its global Best to Invest rankings for the 3rd time in a row.
The foreign ministry’s state secretary, Tamás Menczer indicated that Hungary’s ranking, illustrates investors trust in Hungary, together with the “talent and hard work” of Hungarians themselves.
During 2019, the Investment magazine, ‘Site Selection’, once again listed Hungary amongst the top 10 investment target countries of the world; in its International survey “Global Best to Invest 2019“. In the survey for Central and Eastern Europe (CEE), Hungary was ranked as the best of the CEE region, both concerning total investment volume and investment value per capita. Hungary also remained a top location for FDI investors even on a global level, being the 9th among the top countries by jobs per capita, which is the 2nd best in Eastern Europe. In regional comparison, Hungary ranked 2nd on the “Overall best to invest” comparison, while being the 3rd on the “Best to invest per capita” ranking. As for the number of investment projects, Hungary was once again amongst the top 10 international destinations, together with countries like China, German or the United States
The American investment Magazine – ‘Site Selection’ is the professional magazine of the US based capital investment consultancy firm, Conway. This publication, published under the same title since the 1950s, is among the most popular business magazines covering investment, investment site selection as well as economic development in the USA. The annually published ‘Global Best To Invest’ survey is based upon the Conway database of foreign investments and also takes into account various international competitiveness rankings. Investment projects included in the survey must involve a working capital investment of at least USD $ 1 million, create at least 20 jobs or require 1,900 m2 of newly developed real estate area.