Medical equipment manufacturing facility inaugurated in Hungary

Finance Minister Mihaly Varga inaugurated Hungarian medical equipment maker Medicor Elektronikai’s HUF 1.3 billion (EUR 34.8 million) production and development hall on Tuesday, and said the government-supported investment would create 50 jobs.

The government supported the investment with funding earmarked to make Hungary more self-sufficient in supply of medical equipment, Varga said at the ceremony.

Medicor is developing new ventilator systems, among other innovations, an important part of the investment and of the government’s Health-care Industry Support Programme launched after the coronavirus pandemic, he said.