Ministry says 14 firms will share in HUF 3bln in state aid

Sights

The Economics Ministry announced Thursday that 14 firms would share HUF 3 billion in state grants to support companies that the government deems important, state news agency MTI said. The firms would not have to repay the support, which the ministry claims will create 500 new jobs in Hungary.

Shown are the Kaposvár facilities of one of the grantees, Videoton Elektro-Plast.

According to state news agency MTI, the companies receiving the grants from the state budget are: Kiskunfelegyhazi Malom Malomipari és Kereskedelmi Kft.; Pikopack Ipari, Kereskedelmi és Szolgaltato Zrt.; Alfoldi Tej Kft.; VT Metal Kft.; AE-plasztik Kft.; Ajkai Elektronika Kft.; Szamos Kft.; AXON Kabelgyarto Kft.; Videoton Elektro-Plast, Master Good Kft.; PEMU MUanyagipari Zrt.; HAJDU Autotechnika Ipari Zrt.; HAJDU Hajdusagi Ipari Zrt.; and, Tatabanyai Sutoipari Kft. 

The funds were designated for companies that did not receive European Union funding and lack the capital they need for carrying out job-creating investments in Hungary.

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