News in Brief
FM: Government incentives generated HUF 4,000bn of investments in 2024
Minister Szijjártó said the government had signed agreements with 77 companies, including 23 Hungarian ones, on those investments.
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News in Brief
Government extends timeframe for companies seeking rescue funds
The application window for the scheme which supports investments that boost energy efficiency is being extended by four months.
News in Brief
Hungary's industrial output increased by an annual 8 percent in March
KSH has announced that Hungary’s industrial output grew by an annual 8 percent in March
News in Brief
Hungary’s industrial output increased by an annual 5.9 percent in October
KSH has revealed that Hungary’s industrial output increased by an annual 5.9 percent in October, which is an indicator for an improving economy
News in Brief
V4 economy ministers sign MoU on industrial policy cooperation
Minister Varga revealed that in recent years, the average growth rate in the Visegrád countries has surpassed that of the EU. Varga noted that EU growth was 2.4 percent last year versus the V4’s 4.3 percent
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Hungary aims to become a competitive country that can perform successfully in a new global economic age
Hungary has the lowest corporate and personal income tax rates in Europe. The government has also launched several investment support and financing schemes and would continue to reduce payroll taxes
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Chocolatier who fled Syrian war to open factory in Hungary
The Hungarian government contributed 5 million euros and a tax subsidy. The factory will give jobs to 540 people and produce about 7,500 tons of chocolate per year