Under the scheme, the government is compensating SMEs in energy-intensive manufacturing sectors as well as in the commercial accommodations business for up to half of the increase in their energy...
The Hungarian Tourism Agency noted that it had requested the scheme be extended to the country’s 16,000 catering establishments and 4,500 commercial accommodations.
The finance minister said Hungary's financing needs can be met next year and the budget is on a stable footing.
Péter Szijjártó said it's one of the five largest greenfield investments in Europe in the past decade, and the project in Debrecen, in eastern Hungary, will create some 9,000 jobs.
Production of a new, fully electric BMW model will start in 2025, with some 150,000 vehicles turned out every year.
Nokia now employs more than 2,000 people at its R&D center in Budapest, which helps keep young talent in Hungary.
The unexpectedly strong GDP growth in the first quarter may have been partly due to the outstanding growth in investment.
The Hungarian government will protect the achievements of its utility cut scheme, pensions, and full employment in the face of the economic challenges brought about by the war in Ukraine.
Péter Szijjártó said HTEC will set up the IT centers in the capital, Debrecen, Szeged and Pécs, creating over 600 jobs.
Japanese electronic car-parts manufacturer TDK is investing HUF 26 billion (EUR 70.0m) in setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary.
Minister Szijjártó said the 8.5-hectare park, set up with European Union funding, will draw “significant investments” that could create “several hundred jobs” in future.
The company employs about 3,000 people in Budapest working on future automotive industry technologies, including several hundred engineers tasked with electromobility developments.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the greenfield investment, which will create 35 new jobs, with a HUF 1.5 billion grant.