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FINANCE MINISTER: INVESTMENT FUNDING FOR LARGE COMPANIES RAISED TO HUF 40 BN IN 2020

 

The Hungarian government is raising its total investment funding for large companies by 25 billion to 40 billion forints (EUR 113.9m) in 2020, to help offset the economic fallout in the wake of the coronavirus epidemic, Finance Minister Mihály Varga said.
In a video posted on Facebook, Varga said investment funding for large corporations may help Hungary to investments worth a total of 315 billion forints over the next three years mainly in the food, construction and vehicle manufacturing sectors. Since its launch in 2015, the Hungarian government’s investment support scheme for large companies has brought investments worth 246 billion forints to the country, which in turn have created 2,600 new workplaces, Varga said.