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Jan 12, 2021

Hungarian government extends corporate investment support scheme

Finance Minister Mihály Varga said the government’s goal is to make 2021 a year of economic growth for Hungary.

 

The Hungarian government’s support scheme for the investment projects of large companies has helped generate more than HUF 382 billion (EUR 1.06bn) worth of developments in Hungary since 2015.

According to MTI, Finance Minister Mihály Varga said the government has so far contributed HUF 160 billion towards 180 corporate investments. The scheme is set to continue in 2021 with a view to providing immediate support to large companies during the pandemic. He added that this year’s budget earmarks HUF 25 billion for the program.

The government’s goal is to make 2021 a year of economic growth for Hungary. Finance ministry state secretary Balázs Rákossy said the scheme helped save 16,500 jobs last year and create more than 700 new ones.

Photo credit: kormany.hu