In response to the global economic crisis caused by the coronavirus pandemic, Hungary has introduced the strongest package of incentives in its economic history, Foreign Minister Péter Szijjártó said on Thursday.
Szijjártó told a business forum of the French business confederation MEDEF in Paris that Hungary’s government last year offered international businesses planning investments in Hungary to cover half of the value of an investment if workers were retained. As a result, an unprecedented volume of investment has been carried out, and currently more people work in Hungary than before the crisis, he added.
A total of 1,435 companies have participated in the scheme, with investments totalling 4.8 billion euros, he said. As a result, 270,000 jobs have been rescued and 13,000 new ones created.