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VARGA PRESENTS LATEST TAX CUTS, GROWTH INCENTIVES AT AMCHAM FORUM

 

The government wants to continue its investor-friendly economic policy, Finance Minister Mihály Varga said at a business forum organised by the American-Chamber of Commerce in Hungary (AmCham) on Friday, presenting planned tax cuts and growth incentives which are part of a government plan announced by the minister on May 30. The plan aims at shielding the Hungarian economy from the impact of a global slowdown.

The government’s strategic partnership agreement signed with AmCham in 2011 and the strategic partnership agreements concluded with US-based companies present in Hungary have lived up to expectations, the minister said. The United States was the third biggest foreign investor in Hungary in 2018, Varga said, adding that there are about 1,700 US-owned companies operating in the country, employing more than 100,000 people.