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Investments

Record amount of investment in Hungary during COVID-19

The Hungarian government launched its largest-ever investment promotion program during COVID-19, resulting in a record number of investments in Hungary.

Minister of Foreign Affairs and Trade Péter Szijjártó emphasized at the award ceremony of Hoffmann Neopac AG, a packaging manufacturer in Debrecen, that the expansion of production capacities and the development of technology had begun with great force in Hungary.

The value of investments increased by 10.8 percent in the second quarter of 2021, meaning that HUF 1.7 trillion is being invested nationwide, Szijjártó emphasized.

Regarding the investment in Debrecen, the minister said that the aim of the development was to expand the capacity of the Swiss tube manufacturing company. The state is providing HUF 843 million in support for the HUF 6.5 billion project. In addition to 176 employees, the company will create another 25 new jobs.

We have done everything we can to prevent the masses from losing their jobs and to enable Hungarian companies to prepare for the period when market demand is recovering, the minister said.

Source
www.origo.hu
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