Budapest, December 17 (MTI) – Hungary’s government is providing financial support totalling 19 billion forints (EUR 60m) for large investments by seven companies in all, four of them foreign and three Hungarian, the foreign and trade minister told public radio on Thursday.

Peter Szijjarto noted that the government on Wednesday approved state support for the investments which total 99.5 billion forints, creating 2,065 jobs.

Three car industry companies will receive support, including Germany’s Bosch, India’s SMR and Japan’s Exedy Dynax. The fourth international recipient of support is Switzerland’s Interspan wood industry company.

The Hungarian companies are Ecseri Production, Servicing and Trading company involved in light metals casting, and the poultry processing plants Master Good Production and Trading, and MCS Slaughterhouse.

Szijjarto said Hungary’s investment promotion system is now available not only to large international firms but also to medium-sized companies that want to grow.

Photo: MTI


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