VT Metal creates 28 jobs with 777 mln investment

Ecosystem

pixabay

Hungarian metal processing firm VT Metal expanded production capacity at its plant in Székesfehérvár through an investment of HUF 777 million, Hungary’s National Economy Minister Mihály Varga said today, according to Hungarian news agency MTI.

The investment, which was supported with a HUF 272 mln government grant, is expected to create 28 new jobs at the plant, Varga said. The government is helping VT Metal as part of its support program for big manufacturing companies that are not receiving EU funding, MTI reported.

Companies Spending Less on Advertising Figures

Companies Spending Less on Advertising

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.