HUF 10 billion is available for this purpose this year.
The performance and success of the Hungarian economy in recent years has been fundamentally influenced by the fact that a large number of investments by international large companies that provide high-quality jobs have arrived in Hungary - the Minister of Foreign Affairs and Trade wrote on his Facebook page on Sunday, announcing at the same time: the government is launching a foreign market growth support program .
Péter Szijjártó emphasized that big Hungarian companies that can be successful in foreign markets were also created and strengthened in parallel with the constantly falling investment records. In their case, it often happens that they can only increase their international market shares if they establish their presence abroad, for example by building a factory. Their expansion abroad will then enable them to remit their profits earned on foreign markets and thereby strengthen the Hungarian economy, he added.
According to his information, at the suggestion of the operative group responsible for restarting economic life, the government therefore decided to launch a foreign market growth support program, in which Hungarian companies that expand abroad can receive support: they establish a company, build a factory. HUF 10 billion is available for this purpose this year.
The support can reach a maximum of half of the investment amount, but it cannot be more than HUF 4 billion, and it can be received by the company that undertakes that its sales revenue in Hungary will increase as a result of foreign expansion by at least as much as the support it receives from the program, explained the head of the ministry .
Source: Facebook
