More and more Hungarian products are gaining ground in international markets, and the entire national economy can benefit from this, Mihály Varga said at the handover ceremony of the new plant of Hell Energy Magyarország Kft.
The minister of finance emphasized that the government will continue to take measures to protect the economy and create jobs.
The government helped Hell’s job creation program of HUF 8 billion via HUF 4 billion within the framework of the Corporate Investment Support program.
The goal is still for the Hungarian economy to stand its ground in the intensifying international competition. So, there is a need for more domestic companies, that is, more Hungarian brand names.
The minister cited Hell Energy as an example, a global brand whose products are already available in 50 countries, and whose new milk-based drinks are made entirely from domestic ingredients.
Varga also pointed out that thanks to the disciplined management of recent years, Hungary can use its own resources to defend and restart the economy.
The minister further said that one of the most effective tools for economic protection is to support corporate investments; thanks to such support in Hungary, its investment rate could still be around 28.5 percent in the second quarter, which is one of the most favorable rates in Europe.
Investments are also supported by the Large Enterprise Investment Support (“Nagyvállalati Beruházási Támogatási”) program, the budget of which was increased from HUF 15 billion to HUF 40 billion, which is one of the government’s economic protection measures.