Government mulls support program for big companies

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Hungaryʼs government is considering creating a program to support large companies that are not eligible for European Union cohesion funds, deputy state secretary at the prime ministerʼs office Nándor Csepreghy said yesterday. 

Because big companies represent a large portion of Hungarian economic output, the government wants to give them opportunities and incentives for investing in development projects, Csepreghy said. The supported companies have not yet been selected as there have been no decisions taken so far, he added.

Funding could come from the budget, he said, though noting the importance of taking into account fiscal constraints. Non-financial support could also be part of the program, he added. Cabinet chief Janos Lázár said a week earlier that the government was working on the program for some 100 big Hungarian companies.

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