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Jul 23, 2020

Hungarian government supports investments of 806 companies with grants totalling HUF 169 billion

Péter Szijjártó, Minister of Foreign Affairs and Trade, said the companies’ investments are worth a combined HUF 377 billion and will save over 143,000 jobs.

 

The foreign minister has revealed that the Hungarian government has so far supported the investments of 806 companies with grants totalling HUF 169 billion (EUR 481m).

Upon announcing an investment by logistics company Innovatív Raktárlogisztika, Péter Szijjártó, Minister of Foreign Affairs and Trade, said the companies’ investments are worth a combined HUF 377 billion and will save over 143,000 jobs.

The minister said the government has chosen to tackle the economic downturn caused by the novel coronavirus epidemic by supporting companies that are able and willing to create new jobs “instead of financing unemployment”.

Minister Szijjártó said Innovatív Raktárlogisztika is investing HUF 670 million in building a warehouse in Győr, in north-western Hungary. The government is supporting the project with a HUF 282 million grant, helping the company retain jobs. The new facility will be suitable for storing lithium batteries.

Photo credit: Infostart