Huge support for automotive promoters in Hungary

The government will launch a HUF 2.9 billion (EUR 7.7m) subsidy scheme to boost the share of local suppliers to big automotive and battery industry companies in Hungary, state secretary for industrial policy Gergely Fábian said on Wednesday.

The scheme will launch as a pilot programme in 2023 and the full scale of support will be made available from 2024, Fábian said.

The programme is the product of cooperation with the Hungarian Chamber of Commerce and Industry (MKIK), he added.

The subsidies will be available to businesses with headcounts over 250.

Environmental protection rules for factories

In an effort to fulfil environmental protection targets, the energy affairs ministry will tighten emission thresholds for factories and the plans have been published for social consultation, the ministry said on Wednesday.

Coordination talks with the national Environmental Protection Council and the Hungarian Chamber of Commerce and Industry have also been initiated, the statement added.

The government expects all investors to observe environmental protection, work safety and other regulations connected to their activities and the authorities regularly check that rules are obeyed, the ministry said.

Based on the experiences of authorities and obsevations by members of the public, the ministry has reviewed the emission thresholds of factories and proposed to tighten them.

Source: MTI