Gov't to continue subsidies supporting healthcare supply self-sufficiency

Government

Image by Shutterstock.com

The government will continue this year a program subsidizing corporate investments that boost Hungary's level of self-sufficiency in the production of medical supplies, Finance Minister Mihály Varga said in a video message posted on his Facebook page on Wednesday, according to state news wire MTI.

Under the program launched in mid-2020, in the face of the coronavirus crisis, the government has awarded HUF 50 billion in subsidies for 46 such investments with a combined value of HUF 65 bln, Varga said.

Subsidies for adding to local manufacturers' capacity to turn out rubber gloves, masks, medicines, disinfectants and ventilators not only increase national self-sufficiency and creates opportunities to export, it preserves jobs and supports the economic recovery, he added.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.