CORONAVIRUS: Here's the latest
A regularly updated feed of the latest information about coronavirus in Hungary.Read more
Through the European Union's common agricultural policy (CAP), the government will spend HUF 4,265 billion (EUR 11.8bn) on the development of Hungary's rural areas, its agriculture and food industry until 2027.
Gergely Gulyás said Hungary’s economic protection scheme has been among the most successful in terms of the job market, with the unemployment rate showing a much better trajectory than in the European Union.
The foreign minister said the new HUF 23 billion (EUR 65.2m) government support scheme was directed at Hungarian companies to expand their export capacity and establish a physical presence in far-away countries.
Mihály Varga said the government funded initiative aims to strengthen the competitiveness and productivity of SMEs by helping them to introduce new technologies and improve the skills of their employees.
The first new initiative is a one-off pension bonus that – according to an earlier government decision – kicks in when economic growth exceeds a certain level while the other is a government bond specifically tailored to young people’s private pensions.
Deputy State Secretary Boglárka Illés said among the challenges faced by young people today, safety, the need for a safe future, security of livelihood, starting out in life, and starting a family are the most prominent.