The Hungarian government’s investment support program for large companies will continue in 2022 with a HUF 25 billion (EUR 67.6m) support allocated for the scheme.
Finance Minister Mihály Varga said the scheme contributed greatly to relaunching the Hungarian economy last year after the coronavirus pandemic. The government ploughed HUF 50 billion into supporting the investments of 63 companies, worth a total of HUF 130 billion, he said. Since its launch in 2015, the program has boosted developments worth a total of HUF 510 billion in 241 investments with a total HUF 207 billion. Those investments created close to 4,000 jobs. The scheme targets companies ineligible for European Union funding because of their size. “Our aim is to have an increasing number of companies, which are also competitive in foreign markets, strengthen the Hungarian economy,” Minister Varga said.