• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Government awards subsidies for big company investmentsGovernment awards subsidies for big company investmentsGovernment awards subsidies for big company investmentsGovernment awards subsidies for big company investments
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
DNH 2021 DNH 2021 · 17/03/2022
· Business

Government awards subsidies for big company investments

economy Hungarian economy Hungarian government Hungary investment money

Finance Minister Mihály Varga on Thursday awarded three companies grant money allocated to support investments at big businesses.

Varga awarded 6.8 billion forints (EUR 18.3m) in grant money to CECZ Logistic Park Management for a 20 billion forint logistics park in Vac, on the outskirts of the capital; 2.7 billion forints in subsidies to RE-POL Innovacios for a 5.6 billion forint rubber recycling plant; and 1.7 billion forints to metal sheet maker FERZOL for a 3.8 billion forint automated plant complemented by energy and technology upgrades.

The investments will create 350 jobs,

he said.

  • Read also: Here is why experts say Hungarian forint will never be strong again

The funding earmarked for big company investments has supported 250 projects with a combined value of 570 billion forints since the scheme was launched in 2015.

Meanwhile, Péter Szijjártó, the minister for foreign affairs and trade, inaugurated a 450 million forint (EUR 1.2m) industrial park in Csurgo in southwest Hungary on Thursday. Szijjártó said the 8.5-hectare park, set up with European Union funding, will draw “significant investments” that could create “several hundred jobs” in future.

Industrial parks contribute to Hungary’s investment-friendly, competitive economic environment which was at the root of Hungary’s record year in 2021, despite the worldwide crisis, he said.

Woodworking Employment Unemployment Work Worker
Read alsoCould Ukrainian refugees solve the Hungarian labour shortage?

Source: MTI

economy Hungarian economy Hungarian government Hungary investment money
Share
DNH 2021
DNH 2021

1 Comment

  1. All above board! : says:
    19/03/2022 at 06:36

    And what have these companies’ directors promised to the government in return for their grants………….

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? 26 January, 2023
  • Hungarian economy will skyrocket in 2024?
  • Hungarian green party calls for a referendum on the establishment of battery factories
  • Budapest ranked 7th best cultural destination in the world by Tripadvisor
  • Good news for passengers! Budapest Airport to be renovated
  • The Indian community also celebrated the Republic Day in Budapest – Photo gallery
  • Orbán government loses billions in EU funding
  • A surprising twist! HUF has not done this for a long time

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V