Gov't grants support healthcare supply production capacity
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Magyar Piszke Papír and Rex-San on Friday inaugurated investments on the outskirts of Budapest worth a combined HUF 2.7 billion supported by HUF 2 bln in government grant money earmarked for projects that boost Hungary's self-sufficiency in the production of healthcare supplies, according to a report by state news wire MTI.
Magyar Piszke Papír spent HUF 700 million to add anti-bacterial wipes to the product palette at Duna Papír's headquarters in Tököl, south of the capital. Duna Papír employs people incarcerated at the Tököl penitentiary. Government grant money covered HUF 550 mln of the investment cost.
Rex-San inaugurated a HUF 2bn mask and personal protective equipment plant in nearby Szigethalom. The capacity expansion was supported by a HUF 1.6 bln government grant.
Finance Minister Mihály Varga, who spoke at the inaugurations, said the investments support Hungary's long-term growth and export performance, in addition to increasing self-sufficiency in healthcare supplies.
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