Major investments in the Hungarian medical supplies and construction industry

Medical supplies company Jako-Meditec of Szekszárd, in western Hungary, has expanded its capacity to make vials also used for virus tests, Finance Minister Mihály Varga said in a video posted on Saturday.

The investment worth 1.7 billion forints (€ 4.8 million) was supported with a government grant of 1.6 billion forints (€ 4.5 million), the minister said, adding that headcount at the company doubled to 70 as a result.

Varga said the project is one of those supported in the framework of the government scheme supporting investments by health-care businesses, with the aim to boost Hungary’s self-sufficiency in such products.

He cited the examples of Vajda-Papír, which has already produced more than 50 million face masks in the recent period, Meditop, which has turned out ten million favipiravir tablets, and F-Team, which makes 140,000 disinfectant dispensers a year and will start deliveries to hospitals.

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