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September 7, 2018 www.intellinews.com I Page 13
Not adjusted for the size of population the US was first, China took second place and Mexico third.
Other countries from CEE that scored highly
in terms of estimated jobs created per million inhabitants were Lithuania (2nd), Hungary (7th), Slovakia (8th) and Latvia (11th).
Like the Western Balkans, “the Baltic countries are experiencing continued high levels of inward investment, with Lithuania ranking second over- all and Estonia and Latvia featuring among the global top 20. The region has been particularly successful in attracting ICT investment, and this sector is the most significant source of inward
investment measured by both number of pro- jects and jobs created.”
Meanwhile, Hungary has become an attractive destination for investors as the personal income tax rate and the corporate tax rate are among the low- est in Europe and the social contribution tax rate is also getting lower, said the Foreign Affairs and Trade Ministry, which oversees foreign investments.
BMW announced last month that it will open a new plant in the northeastern city of Debrecen with a €1bn investment. There is speculation the company may have received HUF30bn (€9.2mn) in subsidies, but no details were given by either the company or the government.