The Hungarian government is granting an additional HUF 30 billion support to a scheme to boost competitiveness.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said in a video on Facebook that Hungary, unlike many other countries, had successfully prevented mass unemployment as a result of the coronavirus pandemic. “This required the government to support companies carrying out developments worth over 800 billion forints (EUR 2.3bn),” he said.
The minister added that in response to the success of the scheme, the government is offering a further HUF 30 billion to support investments that expand capacity, efficiency and productivity by companies that pledge to retain workers. Companies can apply for up to 1.8 million euros, or one-fifth of the investment planned. In underdeveloped regions, the amount of support can be up to one-third of the planned investment, he added.