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Hungary: State supports private investors with Ft 80 bln

Int’l Relations

Since 2003, the Hungarian state has channeled Ft 80 billion (about $463 million) in funds to 43 corporate investors through so called one-time government decisions, announced Ábel Garamhegyi, state secretary to the Economy Ministry.

The administrative tool was established so as to attract foreign investments of national economic interest. There are currently two dozen large-scale investments drawing to Hungary in response to state funding and benefits, many of which are patchily in the contract signing phase, Garamhegyi added. (Napi Gazdaság, Gazdasági Rádió)

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