Made in Germany | The German-Hungarian Chamber of Commerce

Hungary used to be viewed as one of the most promising economies in eastern Europe,but it has since become a cause for concern. Its economy is shrinking,and the country has been forced to take on a 20 billion euro loan from the World Bank. How are German businesses in Hungary reacting to the crisis?Tamas Vahl,President of the German-Hungarian Chamber of Commerce,is well aware that at German companies operating in Hungary,economic morale is at rock bottom. At the BASF plant near Budapest,for example,managers have been trying to economise for months. These are tough times for Vahl. Our reporter Christian Pricelius met up with him in Budapest.