In the last quarter of 2023, inflation in Hungary was shrinking steadily, and economic sentiment started to take off. As measured by the economic research institute GKI, the index showed modest growth in November, then started registering recent records: December saw a nine-month high, and January returned the best data in 18 months.
The Hungarian Investment Promotion Agency has been something of a “serial offender” when it comes to setting new foreign direct investment records year on year. Still, even it will have its work cut out to maintain that form in 2024. Hipa pulled in a breathtaking EUR 13 billion in 2023, doubling the previous record, set only in 2022, of EUR 6.5 bln.