Hungarian investment to go up

Hungarian companies could have as much as 2bn euros in direct investments by the end of next year, according to Janos Halasz, who organises investments in Romania for the Hungarian Investment and Trade Development Agency. Hungarian companies’ direct investments had reached 730 million euros on the Romanian market by the end of September, Halasz added. The companies expected to make investments next year include TriGranit, a big Hungarian construction company owned by Hungary’s richest businessman, Sandor Demjan. TriGranit was selected by the Ministry of Transports, Constructions and Tourism as partner in the most important real estate project in Romania, Esplanada, a development in the centre of Bucharest. It will also start building a shopping centre in Cluj Napoca next spring. Other major Hungarian investors in Romania are petroleum group MOL and pharmaceutical company Richter Gedeon. ZF