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FM Szijjártó Hails ‘Record High’ Investments in 2020

MTI-Hungary Today 2020.12.28.

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), Péter Szijjártó said, adding that the government grants had totalled 472 billion forints.

Government to Double Investment Support Scheme for Large Companies
Government to Double Investment Support Scheme for Large Companies

The government will raise investment support for large companies in 2020 to 80 billion forints (EUR 221.5m) from 40 billion, Finance Minister Mihály Varga said on Thursday. Speaking at the online cornerstone-laying ceremony of hygienic paper manufacturer Vajda-Papír’s new plant, Varga said it was the government’s priority that Hungarian companies emerge from the crisis “as […]Continue reading

The government-assisted projects have created 12,603 new jobs and helped retain 264,595, Szijjártó said.

The minister also said that 80 percent of the small and medium-sized companies embarking on investment projects were Hungarian businesses.

Featured photo by Péter Komka/MTI