Companies complete HUF 4.6 bln of gov't-supported investments
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.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.
