The International Investment Bank’s (IIB) decision to move its headquarters to Budapest is a boost to Hungary’s financial position on international markets, Fin
Finance Minister: Hungary Self-Sufficient in Manufacturing Medical Masks
Hungary has become self-sufficient in manufacturing medical-grade masks that protect against the coronavirus, Finance Minister Mihály Varga said at the launch of a production line turning out one million masks a day at the plant of Vajda Papír in Dunaföldvár.
The 1.4 billion forint (EUR 3.9m) investment supported by a 1.1 billion government grant has created 16 new jobs and preserved 134, the finance ministry cited Varga as saying on Wednesday.
The government launched its health industry support scheme when the need to boost protection capacities skyrocketed during the coronavirus epidemic, Varga said. The scheme allocated 50 billion forints to support 46 investments, he said.
The government’s action plan for reopening the economy includes 10 million forint (EUR 28,000), interest-free loans offered to SMEs in the most vulnerable secto