news letter Our mobile application

Weekly newsletter

Finance Minister: Govt Support for Large Company Investments Helps Create 2,600 Jobs

MTI-Hungary Today 2020.06.05.

The government’s support scheme for the investment projects of large companies has helped create 2,600 new jobs since 2015, Finance Minister Mihály Varga said on Friday.

So far, the government has contributed 109 billion forints (EUR 316.2m) towards 300 billion forints’ worth of corporate investments, Varga said after presenting a subsidy agreement to Hungarian building materials company Masterplast in Sárszentmihály, in central Hungary.

Coronavirus: Gov’t Broadens Eligibility for Investment Subsidies

Varga noted that the scheme had been introduced with a view to providing government support to companies that are not SMEs, and are therefore not eligible for European Union funding. The government has so far signed 141 subsidy agreements, contributing to 86 investment projects, he added.

Featured photo by Zsolt Czeglédi/MTI