• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
This is how the government helps Hungarian companies expand abroadThis is how the government helps Hungarian companies expand abroadThis is how the government helps Hungarian companies expand abroadThis is how the government helps Hungarian companies expand abroad
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
DNH 2021 DNH 2021 · 14/05/2022
· Business

This is how the government helps Hungarian companies expand abroad

environment Hungarian economy Hungary investment money Romania

The government continues to support the expansion of Hungarian companies abroad, as a means to boost economic cooperation with neighbouring countries, Péter Szijjártó, the minister of foreign affairs and trade, said in Miercurea Ciuc (Csíkszereda), in central Romania, on Friday.

Szijjártó spoke at the cornerstone-laying ceremony of a new plant and office complex of water industry company CONTROLSOFT-AUTOMATIKA. The 486 million forint (EUR 1.3m) investment is supported by a 290 million forint government grant, and will create 45 new jobs, the foreign ministry said in a statement.

The new facility will highlight the success of the government’s strategy to support Hungarian companies’ investments abroad, he said. So far,

52 companies have received government support totalling at 73 billion forints, which has fostered 144 billion forints’ worth of investments,

he said. As far as Hungarian investors in Romania are concerned, the government has supported 15 companies with 25 billion forints to carry out projects worth 60 billion forints, he said.

  • Read also: Is Budapest transport in trouble? Suppliers are leaving

Szijjártó said that Hungarian-Romanian relations had witnessed several records over the past few years.

Hungarian investments in Romania, for instance, have recently topped 2 billion euros,

he said, adding that bilateral trade has jumped by 20 percent to nearly 10 billion euros, with 6 billion euros generated by Hungarian exports.

Hungarian communities in Romania and Romanians living in Hungary are the backbone of that success, he said. Meanwhile, the investment is another step in handling the challenges facing both countries, Szijjártó said.

“The two countries’ successes in environmental protection would be hard to imagine separately.”

Barna Tánczos, Romania’s environmental, water management and forestry minister, called Hungarian support for investments in Romania “extremely important”, and a token of even closer ties between the two countries. A water purifying technology is especially important as “Romania is currently not treating water at its real value,” he said.

Balloon in Budapest travel tourism
Read alsoHungary among the top investment targets of Taiwanese companies in Europe!

Source: MTI

environment Hungarian economy Hungary investment money Romania
Share
DNH 2021
DNH 2021

Related posts

Hungarian grain
21/05/2022

Despite restrictions, Hungarian grain continues to go abroad


Read more
Balloon in Budapest travel tourism
20/05/2022

The pandemic changed housing preferences in Budapest, here is how!


Read more
Palkovics Finance
19/05/2022

Hungarian Ministry of Human Resources: Hungarian industry aiming for Europe’s top tier


Read more

Leave a Reply

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

SUPPORT US
Latest news
  • President: ties between motherland, Hungarians outside of borders ‘inseverable’
  • These are the most expensive properties in Hungary – PHOTOS
  • President: strong, stable, effective military needed
  • Orbán in Serbia: farm workers will be the heroes of 2022!

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.


.

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....