The government has been actively providing funding for large domestic and multinational corporations in return for the creation of jobs in Hungary, reports Free Europe. According to the Ministry of Foreign Affairs and Trade, 67.1 billion forints (EUR 187.5m) of government money were allocated to 27 corporations in 2020.
The German Thyssenkrupp Components Technology Hungary Ltd. received the most, 11.2 billion forints (EUR 31.3m), for the purpose of developing its production lines and creating 460 new jobs.
In second place is the South Korean Hanon Systems Hungary Ltd. with 7.5 billion forints (EUR 21m) for the development of its compressor manufacturing capacity, in return agreeing to create 516 new jobs.