HUF 25 billion tender to support cross-border investments

Hungarian companies that make investments in cross-border areas can receive a total of EUR 800,000 in subsidies if they protect jobs in Hungary and abroad.

Minister of Foreign Affairs and Trade Péter Szijjártó announced that under the new support mechanism, companies can receive up to 60 percent of their invested amount. In the case of Hungary, the borders of the country and the nation do not coincide, the minister said, noting that the government also has a responsibility to Hungarians living across the border and must express this in actions, not just words.

Cross-border economic development programs will continue next year in Vojvodina, Transcarpathia, Transylvania and Szeklerland, Muravidék and Drávaszög. Local Hungarian companies can count on the Hungarian government to support and help their developments and investments.

During the visit of the Slovak Prime Minister to Hungary, the two countries agreed that the conditions for the continuation of the Highland Economic Development Program would be established soon, while at the next meeting of the Ukrainian-Hungarian Joint Economic Committee, an agreement on the continuation of the Transcarpathian program might also be decided upon.

In the last four years, the government has provided funding of HUF 129 billion to more than 55,000 Hungarian companies across the border, resulting in HUF 236 billion worth of investments.

These investments strengthen the Hungarian community across the border, as well as the economy of the given country, thus contributing to the success of bilateral relations, Szijjártó emphasized.

The FM said the main task of the current Hungarian government is to support Hungarian communities across the border and build relations with neighboring countries so that these Hungarian communities do not become sources of conflict, but valuable resources instead.

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