Govt approves investments worth over HUF 100bn

Telco

The government took decisions at a cabinet meeting on Wednesday on investments outside of the capital worth several hundred billion forints, government spokesman András Giró-Szász said on Thursday.

The biggest investment the cabinet took a decision on was the construction of a 23km stretch of motorway connecting Makó (SW Hungary) with the border with Romania, Giró-Szász said. The HUF 65bn investment is supported by HUF 40bn in European Union funding, he added.

Other investments decided on include the construction of a HUF 26.8bn reservoir to prevent flooding on the Tisza River. EU funding is covering HUF 22.8bn of the cost of the project.

The government will support city rehabilitation projects in six cities: Győr, Kaposvár, Nyíregyháza, Debrecen, Hódmezővásárhely és Kecskemet. Of the approved funding of HUF 7.2bn 5.8bn will come from the EU.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.