Weekly newsletter

Finance Minister: Hungary Self-Sufficient in Manufacturing Medical Masks

MTI-Hungary Today 2021.02.17.

Hungary has become self-sufficient in manufacturing medical-grade masks that protect against the coronavirus, Finance Minister Mihály Varga said at the launch of a production line turning out one million masks a day at the plant of Vajda Papír in Dunaföldvár. 

The 1.4 billion forint (EUR 3.9m) investment supported by a 1.1 billion government grant has created 16 new jobs and preserved 134, the finance ministry cited Varga as saying on Wednesday.

The government launched its health industry support scheme when the need to boost protection capacities skyrocketed during the coronavirus epidemic, Varga said. The scheme allocated 50 billion forints to support 46 investments, he said.

The goal is to make Hungary self-sufficient in manufacturing protective health-care equipment and to cut its dependence on imports, he said.

Finance Minister Announces Recovery Plan Tenders
Finance Minister Announces Recovery Plan Tenders

Finance Minister Mihály Varga announced tenders for almost 30 billion forints (EUR 83 million) in funding that will be called during the week in the framework of the government’s Economic Recovery Action Plan in a video message posted on Facebook on Monday. Companies that employ people in disadvantaged regions may apply for support of between […]Continue reading

He said the Hungarian health-care industry had proven its professional knowledge and development potential over the past few months, “making government support worthwhile”. The funding framework has been raised to 68 billion forints, he said, noting that so far the scheme has supported developments in the production of protective gear, medical equipment, raw pharmaceutical materials and disinfectants.

In the featured photo: Finance minister Mihály Varga (on the right). Photo by Balázs Mohai/MTI