Hungarian government distributes billions to skidded companies



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The second wave of the epidemic is culminating, jobs must be protected: we have agreed an investment of HUF 18.5 billion and the protection of 1,500 jobs with Gyermelyi, Tolnatej and Univer, announced Finance Minister Mihály Varga in his Facebook video.

The government distributes subsidies to food companies that have committed to investing in Hungary. Therefore, Univer made the largest investment with 8 billion HUF. Of this amount, 3 Kecskemét sites will be developed. Gyermelyi Zrt. It is building a modern wheat mill in the Komárom-Esztergom county settlement for 5.5 billion HUF, while Tolnatej Zrt. It is setting up a cheese production plant in Szekszárd for 5 billion HUF.

Finance Minister Mihály Varga also spoke about the fact that the government will enter into grant agreements for the entire business investment incentive framework, which has risen to HUF 80 billion this year. The budget has the necessary quantity and the improvements cannot be stopped, since it is necessary to protect the jobs.

On Tuesday, the Minister announced that an agreement had been signed with five Hungarian companies for an investment of HUF 9 billion in the healthcare industry in the Health Industry Support Program.



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