The government subsidized nearly four hundred and four hundred investments

The government subsidized nearly four hundred and four hundred investments

Through various programs, the government supported around 1,400 investments last year. Investors have pledged to keep 264,600 jobs and create more than 12,600, Tamas Minzer, the foreign minister in the Foreign and Commonwealth Office, said Monday.

Tamas Mentzer said:

Eighty-five percent of the companies supported by programs launched due to the Coronavirus pandemic were Hungarian.

He drew attention to the fact that Site Selection had chosen Hungary one of the ten most popular investment sites in the world for the third time.

According to the foreign minister, there are several reasons for this: on the one hand, investors are looking for political stability, on the other hand, for a hard-working, skilled and talented workforce, and on the other hand, infrastructure. He said all of these programs are available in Hungary, and the government programs are attractive.

He added that it must also be taken into account that as a result of the epidemic, companies have closed factories in many parts of the world, and a new competition has been launched to determine production capacity.

Photo: Shutterstock

Hungary has entered into this competition, and I can say that it is also in this competition, as a result, more and more companies and more and more international companies are interested in us.

– said Tamas Mentzer.

Regarding the suggestion that Hungary negotiate with several vaccine manufacturers, he said, the government is looking at all possible sources, because the goal is to save people’s lives. Since only a small amount of Pfizer vaccine is available, other vaccines are needed.

Radio Kossuth Good morning, Hungary! He also said that the joint purchase of vaccines in the European Union “was not a bad idea, but the problem was that it was corrupt because it was late to contract with Brussels, for example, Pfizer-BioNTech.”

He added that while the Union was in November, the US and UK had already signed a deal with the manufacturer in July. He pointed out that “Brussels was late and signed a contract for a smaller quantity.”

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