The grant was part of funding earmarked to boost Hungarian companies' presence on foreign markets.
So far, the government has awarded 50 companies a total of HUF 70 billion from the funding, supporting investments with a value of HUF 140 bln at bases abroad, Szijjártó said. Fifteen of those investments are in Romania and 10 are in Serbia, he added.
Around three-fourths of Videoton's products are exported.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
