Speech by Prime Minister Viktor Orbán at the anniversary event “20 Years of the Széchenyi Card Programme”
29 November 2022, Budapest
29 November 2022, Budapest
The foreign minister said that in the new era of a global economy, only companies that can adapt to new challenges would be successful.
Gergely Gulyás said Hungary’s economic protection scheme has been among the most successful in terms of the job market, with the unemployment rate showing a much better trajectory than in...
Minister Szijjártó said the Hungarian economy’s best chance of becoming successful is the work of its citizens and not international loans leading to vulnerable economies.
673 companies out of 806 bidders have now received grants totalling HUF 151 billion. The combined value of government-assisted projects was over HUF 318 billion.
The government is launching a new program to support Hungarian businesses that commit to investing at least HUF 560 million (EUR 1.6m) to save jobs in view of the coronavirus pandemic.
Starting today, businesses can each apply for a maximum HUF 100 million of non-refundable development funds for building energy projects anywhere in Hungary.
Hungary has moved up to 52nd place in the World Bank’s latest annual ease of doing business ranking.
The US is the biggest, non-European investor in Hungary, as top American businesses in IT, agriculture, military, energy, and manufacturing continue to benefit from the country’s low taxes and highly skilled workforce. Expectations indicate that the solid partnership between the two countries will see continued growth.
Hungary will support 66 Transylvanian food processing companies to the tune of HUF 24 billion.
According to The Financial Times list of Europe’s 1,000 fastest-growing companies, Hungary did particularly well this year with seven entries
Minister Szijjártó highlighted that this was the eighth investment in Hungary from major US corporations this year via the investment promotion program, with investments totalling 30 million USD and creating some 1,100 new workplaces
27 September 2017, Singapore