Majority of Large Hungarian Companies Plan Investments

Around 52% of large Hungarian companies are planning to make investments within a year, K+H Bank told MTI on Thursday based on a third quarter survey.

According to the financial institution's third-quarter survey, the most popular area of investment is production machinery, with a 22% share, which is a 4 percentage point increase compared to previous surveys.

This is followed by IT, which is down 6 percentage points to 20% , while digitization and innovation are down 10 percentage points to 15%. Six percentage points fewer respondents, 13% in total, mentioned vehicle development, while even fewer plan to invest in real estate development or quality assurance, the report said.

According to the announcement, despite the change in ranking, IT developments remain crucial because digitalization and data-driven operations give users an increasingly significant competitive advantage.

With the advancement of technology, digitization and data-driven operations can increasingly provide a significant competitive advantage for large companies, so more and more of them are looking for financing structures that allow them to implement innovative developments in a flexible manner. This is further confirmed by the fact that, although some areas are preparing more cautious development plans for the coming period, even the big players are not abandoning development entirely.