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Companies complete HUF 4.6 bln of gov't-supported investments

Figures

Finance Minister Mihály Varga on Wednesday said three businesses had completed HUF 4.6 billion of investments supported by government grants earmarked for big companies, according to a report by state news wire MTI.

In a message posted on Facebook, Varga noted that HUF 25 bln had been allocated for the scheme in 2021.

Plastic packaging tube maker Neopac Hungary invested HUF 4.2 bln at its base in Debrecen. The project, which preserved 180 jobs, was supported by a HUF 957 million grant.

In a video posted on Varga's Facebook page, Neopac Hungary managing director Gábor Csaba Oláh said the company installed a high-speed production line and digital printer.

Plastics company Pemu invested HUF 124 mln at its base in Solymár, on the outskirts of the capital. The investment, which preserved 320 jobs, was supported by a HUF 60 mln grant.

Chairman-CEO Elvira Molnár Hajdár said the investment would support the company's export activities.

Ventilation systems maker Airvent Légtechnikai got a HUF 138 mln grant for a HUF 276 mln investment at its base in Kecskemét that preserved 328 jobs.

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