Gov't awards subsidies for big company investments
Photo by Godlikeart / Shutterstock.com
Finance Minister Mihály Varga on Thursday awarded three companies grant money allocated to support investments at big businesses, according to a report by state news wire MTI.
Varga awarded HUF 6.8 billion in grant money to CECZ Logistic Park Management for a HUF 20 bln logistics park in Vác, on the outskirts of the capital; HUF 2.7 bln in subsidies to Re-Pol Innovációs for a HUF 5.6 bln rubber recycling plant; and HUF 1.7 bln to metal sheet maker Ferzol for a HUF 3.8 bln automated plant complemented by energy and technology upgrades.
The investments will create 350 jobs, he said.
The funding earmarked for big company investments has supported 250 projects with a combined value of HUF 570 bln since the scheme was launched in 2015.
ADVERTISEMENT
Wizz Air Celebrates 2.5 Millionth Passenger Flying From Debr...
Around 2,800 Events Take Place in European Capital of Cultur...
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.
