Weekly newsletter

Trade Min: Gov’t Has Financially Supported over 1,400 Investments since Beginning of Pandemic

MTI-Hungary Today 2021.01.11.

Since the start of the coronavirus pandemic in Hungary last March, the government has supported 1,434 (foreign) investments at the total value of 1,676 billion forints (EUR 4.7bn), Péter Szijjártó, the minister of foreign affairs and trade, said on Monday.

Speaking at the inauguration of Hungarian-owned Merkbau’s new plant manufacturing doors and windows in Kiskunhalas, southern Hungary, Szijjártó said the pandemic posed economic challenges as well as public health risks. The government has a duty to protect people’s jobs as well as their lives and health, he said.

In the spring, the government decided to fight unemployment rather than financing it, he said.

The past decade’s efforts have created a robust Hungarian economy, with Hungarian companies at its foundations which are becoming stronger and stronger, he said.

FM Szijjártó Hails 'Record High' Investments in 2020
FM Szijjártó Hails 'Record High' Investments in 2020

Hungary has “never had such a successful year” in terms of investments thanks to the government’s economic promotion schemes, the minister of foreign affairs and trade said on Facebook on Monday. Since the beginning of 2020, the government has provided assistance to a total 1,433 investment projects worth a combined 1,676 billion forints (EUR 4.6bn), […]Continue reading

Merkbau, an important construction company in southern Hungary, has invested 580 million forints to preserve long-term jobs for its 350 employees, Szijjártó said. The government has supported it with a 287 million forint grant.

Featured photo by Sándor Ujvári/MTI