The must-have newsletter about Hungary

Related Articles

SZIJJÁRTÓ: COMPETITION FOR INTL INVESTMENTS STRONG

 

The competition for international investments is fierce worldwide, the foreign minister said ahead of an international investment conference beginning in Budapest on Tuesday. Hungary will in this environment introduce an investment incentive scheme starting on October 1 to bring technology-oriented investments to Hungary, Péter Szijjártó told public Kossuth radio. The scheme will no longer set job creation as a criterion for receiving support for investors, he said. Under the new scheme, the government will also be able to support technology-oriented investments that bring new processes and technologies to Hungary and add value to existing jobs, Szijjártó added. He said there were two ways to get high value-added jobs: continuous training and financial incentives.