In a video uploaded to his Facebook page, Péter Szijjártó said: four decisions ensure that more and more economic development resources will be available to Hungarian companies faster than before, so that they can improve their competitiveness more quickly. The four measures make the lending and economic financing activities of the Hungarian Development Bank (MFB) more comprehensive, faster and less bureaucratic.
He explained: a capital program for the construction industry will be launched, in which the MFB will provide essential development financial resources to Hungarian companies operating in the construction industry "on the verge of rapid development" in the case of investments necessary to increase efficiency.
The government also accepted that MFB lending should be even easier and more flexible in the next period. Thus, the MFB received a new lending opportunity of more than HUF 200 billion. The MFB can undertake a wider range of guarantees than before, which is important for Hungarian companies when taking out loans or using any other development resources.
MFB's capital funds can also make investments in companies operating in Hungary faster than before, as the necessary competition office procedures can be carried out even after the acquisition of property, so they will not slow down the investment decisions of MFB's capital funds.
In addition, they made two decisions that involve significant infrastructure development and with which they can attract new investments to Hungary, the foreign minister said.
In Szikszó, significant utility development is being carried out in the industrial area there, thus further increasing the attractiveness of the northeastern part of Hungary. He noted: The industrial capacities in Szikszó are already significant and additional investors want to settle there. The development of utilities there is extremely important for this, he said.
In addition, telecommunications, electronics, energy and water utility development worth HUF 100 billion will be carried out in four industrial parks in Hungary, he pointed out, adding: it is important that there are areas in the country that can quickly provide the right conditions for investors.
Péter Szijjártó said:
with the current six, the number of proposals that the government has accepted from the operative group responsible for restarting economic life has increased to 35.
All of these contribute to Hungary's economic recovery being the fastest in Europe, stated the Minister of Foreign Affairs and Trade.
In his video post, he noted that there is a competition between countries for the transition to the new world economic era, which is taking place because of who can start their economy the fastest and attract the most investments.
Photo: Péter Szijjártó Facebook
