The foreign minister has announced that the government has approved six proposals submitted by the operative board for coordinating economic recovery.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government decided to expand the number of counties in which the investment value threshold for subsidies is 5 million euros by two to seven. The investment value threshold for subsidy eligibility is 10 million euros in other counties. The value threshold for R+D investments eligible for subsidies will be lowered from 3 million euros to 1 million euros, while the job creation threshold for such investments falls from 30 to ten, he added. Regulations governing Magyar Eximbank will be modified allowing it to offer businesses flexible export credit insurance, he said. Rules on telecommuting will be streamlined and “unnecessary” statutes eliminated, he added.
To address labor shortages in some sectors, Minister Szijjártó said workers who were trained abroad and whose first language is not Hungarian will be allowed to take practical vocational examinations with the help of an interpreter. He said the government decided to expedite 17 infrastructure investments necessary for job-creating investments by businesses.