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European Commission Green-Lights New Investment Support System

MTI-Hungary Today 2020.04.10.

The European Commission has green-lighted a new investment support system outlined in Hungary’s economy protection plan, allowing individual subsidies of up to 800,000 euros for large company investments in Hungary, Foreign Minister Péter Szijjártó said on Thursday.

In a Facebook post on Thursday, Szijjártó said he had had a meeting with Phil Hogan, the European commissioner for trade, ahead of a meeting next week of EU trade ministers, the first to be held since the outbreak of the epidemic.

Hogan and Szijjártó agreed that any obstructions to freight traffic would cause serious damage to European economies. No one has the right to limit international freight traffic, Szijjártó said.

Also, the EU, he said, should further ease regulations on state investment subsidies as this would prepare the ground for protecting jobs and creating new ones.

Featured photo by Mátyás Borsos/MTI