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FINANCE MINISTER: GOVT TO CONTINUE CORPORATE INVESTMENT SUPPORT SCHEME

 

The government’s support scheme for the investment projects of large companies has helped generate more than 382 billion forints (EUR 1.06bn) worth of developments in Hungary since 2015, Finance Minister Mihály Varga said. So far, the government has contributed 160 billion forints towards 180 corporate investments, Varga said. The scheme is set to continue in 2021 with a view to providing immediate support to large companies during the pandemic, he said, adding that this year’s budget earmarks 25 billion forints for the programme. The government’s goal is to make 2021 a year of economic growth for Hungary, the minister said. Finance ministry state secretary Balázs Rákossy said the scheme helped save 16,500 jobs last year and create more than 700 new ones.