Szijjártó: Gov’t to provide HUF 19 bln in investment subsidies

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kormany.hu/Gergely Botár

The Hungarian government has made a decision to subsidize investments by four foreign-owned and three Hungarian companies with a combined value of over HUF 19 billion, Hungary’s Foreign Minister Péter Szijjártó said today on state-owned all-news channel M1 and Kossuth radio, news agency MTI reported.

The minister said that the subsidies to Germanyʼs Bosch and Indiaʼs Sand Exedy Dynax of Japan, both of which supply the automotive industry, as well as Swiss-owned woodworking company Interspan Faipari, will support investments worth some HUF 99.5 bln that will create 2,605 jobs, MTI reported.

Metal casting company Ecseri Termelő as well as poultry processors Master Good and MCS Vágóhíd are the Hungarian-owned businesses that will get the support, he added, according to MTI.

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