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Jan 14, 2021

Government grants HUF 50 billion to support Hungarian health sector

The finance minister said the focus is on manufacturing rubber gloves, masks, medicines, disinfectants, ventilators and other medical equipment.

 

The Hungarian government has granted HUF 50 billion (EUR 138.5m) to support 46 investments in the Hungarian health sector, resulting in new developments worth HUF 65 billion.

Finance Minister Mihály Varga said the aim is to boost domestic healthcare manufacture. The support is for products that strengthen Hungary’s self-sufficiency while creating opportunities for domestic producers to enter foreign markets.

The minister said the focus is on manufacturing rubber gloves, masks, medicines, disinfectants, ventilators and other medical equipment. He added that the investments would protect jobs and help restart the economy amid the coronavirus crisis.