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Coronavirus: Gov’t Doubles Allocation for Investment Support Scheme for Hungarian Companies

MTI-Hungary Today 2020.05.14.

The government will double the original allocation of 50 billion forints (EUR 142m) for an investment support scheme which helps Hungarian companies that implement job-creating investment projects this year, the minister of foreign affairs and trade said on Wednesday.

Péter Szijjártó said on Facebook that the 407 companies which had applied so far would invest a total 198 billion forints into projects that preserve 73,000 jobs.

“The scheme has met with success and the investment projects will serve as a sound basis for restarting the economy,” he added.

Coronavirus: Gov’t Almost Triples Investment Funding for Large Companies in 2020

The scheme will promote the government’s economic protection action plan for preserving jobs, he said.

Featured photo by Tibor Illyés/MTI