The foreign minister has confirmed that the government has approved four proposals made by the body responsible for working out ways to revive Hungary's economy, with a view to boosting the competitiveness of enterprises and developing infrastructure.
Péter Szijjártó, Minister of Foreign Affairs and Trade, who is also in charge of rebooting the economy, said that the pot of subsidized loans that micro, small and medium-sized enterprises can draw on for investments is growing to HUF 300 billion (EUR 864m) from HUF 150 billion, giving 900 companies the chance to enhance their competitiveness. Also, HUF 4 billion will go towards infrastructure developments in Göd, on the periphery of Budapest, to help Samsung SDI further expand one of the world’s largest electric battery plants. The minister said that given the importance of the car industry to Hungary’s economy, it was vital to have as many big international electrical producers as possible located here.
Minister Szijjártó also announced that a road connecting Páty to the M1 motorway and a bypass will be built, making it easier for locals in the Zsámbék Basin to reach transport networks. The new road is also expected to attract investments to the new industrial area there.