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Oct 01, 2019

FM: Government to launch scheme to bring technology-oriented investments to Hungary

Péter Szijjártó said Hungary will introduce an investment incentive scheme starting on October 1st to bring technology-oriented investments to Hungary.

The Foreign Minister has highlighted how the competition for international investments is fierce around the world, therefore Hungary within this environment, will introduce an investment incentive scheme starting on October 1st to bring technology-oriented investments to the country.

Speaking ahead of an international investment conference beginning in Budapest today, Péter Szijjártó, Minister of Foreign Affairs and Trade, told Kossuth radio that Hungary will in this environment introduce an investment incentive scheme starting on October 1st to bring technology-oriented investments to Hungary.

The Minister said the scheme will no longer set job creation as a criterion for receiving support for investors. Under the new scheme, the government will also be able to support technology-oriented investments that bring new processes and technologies to Hungary and add value to existing jobs. He added that there were two ways to get high value-added jobs: continuous training and financial incentives.

Photo credit: lokal.hu