Subscribe to our social channels to get the latest news about Hungary!
Foreign minister: Companies ready to invest to mitigate virus’s economic impact
Change language:
Some 338 companies have indicated their plans to the government to carry out investments worth 162 billion forints (EUR 460m) in order to mitigate the negative economic impacts of the novel coronavirus epidemic, Foreign Minister Péter Szijjártó said on Sunday.
Szijjártó told public Kossuth Radio that this was projected to save 62,000 jobs.
- Coronavirus – Further 8 die, 3,263 registered cases in Hungary
- A vizsla could become your best psychologist during quarantine
The ministry of foreign affairs and trade has launched a programme jointly with the Hungarian Investment Promotion Agency to support investments that help preserve jobs, he said.
The government is currently in talks about doubling an original allocation of 50 billion forints for the scheme which involves funding 50 percent of the applicant companies’ planned investments, he added.
Szijjártó said the pandemic posed not only a health problem but also an economic problem and states were responsible for managing the negative economic impacts beyond the number one task to protect human life.