“We have completed talks with both companies….The times for laying the cornerstones are getting closer, and all I can say is that in a few weeks, or maybe in a few days, after the contracts are initialed, the [question of the investment subsidies] could come before the government,” Becsey told the portal.
Speaking about the ideal rate of domestic suppliers at the Hungarian units of multinationals, M Becsey did not offer a firm figure but said a rate over 15-20% was “very good”.
Becsey said in February that government investment grants would go in the future to investments on which the state can recoup its money – in the form of corporate tax and personal income tax – within five years, and which involve a big proportion of Hungarian suppliers.
Audi announced in September a €900 million expansion at its base in Győr (NW Hungary). The expansion is to raise output at the plant to 125,000 cars a year from 2013 and create 1,800 jobs.
In the same month, Opel announced a HUF 150 billion expansion at its plant in Szentgotthard (W Hungary) creating 800 jobs.
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