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In addition to human health, the government’s extraordinary measures will also protect the economy from the coronavirus, said the Minister of Foreign Affairs and Trade in Kiskunfélegyháza on Monday, where he delivered a supporting document to improve competitiveness, reports MTI.
Péter Szijjártó called the restrictions unavoidable due to the recurrence of the epidemic. In recent weeks it has become true that the second wave of the epidemic has reached the country, but production cannot fall again, he stressed. The minister confirmed that the government still wants to finance not the consequences of unemployment but its avoidance. However, he rated the improvements as important not just for maintaining employment. As he said, Hungarian companies can also gain a competitive advantage in international markets if they do not see layoffs in the crisis, but see an opportunity.
At the event, Péter Szijjártó handed over a supporting document to Félegyházi Péség Kft. The bakery company is introducing a hitherto unknown production technology of HUF 649 million in Hungary. With the investment, the company can also fulfill a national request that has been fulfilled by a foreign company so far: the head of the ministry justified the state support of HUF 282 million. He added that Félegyházi Bakery Ltd. can transport more than 100 kilometers in possession of the new technology, so it can also participate in the markets of other countries. Péter Szijjártó welcomed the fact that 140 companies from the food industry across the country received support to increase competitiveness, while a total of 42 companies from Bács-Kiskun County announced investments. The local investment of HUF 20 billion also means maintaining 6,700 jobs, so the government has decided to contribute HUF 9.8 billion, he added. Praising the performance of businesses there, the minister noted that industrial production in the county has quadrupled since 2010 and unemployment has been cut by almost half.
According to company data, Félegyházi Pégyv Kft. Achieved net sales in excess of HUF 8 billion in 2018, its profit after tax was HUF 533 million, exceeding the previous year’s profit by almost HUF 200 million.
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