Foreign Direct Investment in Hungary

Mathias Urbaczek

Sven Waltert

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Seminar paper from the year 2005 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 2,0, Cracow University of ...

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Seminar paper from the year 2005 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 2,0, Cracow University of Economics, language: English, abstract: Preface For Hungary and the European Union, the 01. May 2004 is one of the most important dates of the history of Hungary, because they and 9 other countries joined the EU. Finally now the very long time of the separation between Eastern and Western Europe is over. It is now the first time in Europe that all countries of this big continent could life together in peace and can create an economical and political union. For Hungary it was like for the other new members a very long and hard way to transform the economy to the rules of the market economic system, but they have some advantages because they have started the reform process already before the political change. So as a reason now Hungary has received 31 billion euros as foreign direct investment until 2003. This means they have about 3.100 Euro FDI per inhabitant, only the Czech Republic has received more FDI per inhabitant. In the assay the authors want to concentrate to the historical background, the business law, the motivation for invest in Hungary and give some data about the FDI in Hungary.