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TEVA receives HUF 1.5 billion investment-support

  Hungary's government has granted Israeli generic-drug maker TEVA HUF 1.5 billion (€5.35 million) in non-repayable investment support for expansion of the company's base in Gödöllő, just northeast of Budapest, the official Economic Gazette reported on Monday.


Teva expects to complete the €65 million expansion project begun in January by 2014.

The company plans to hire 260 new employees as a result of the project. (MTI-ECONEWS)