The government made four new decisions at the suggestion of the operative group responsible for the restart of economic life in order to improve the competitiveness of businesses and to develop infrastructure and transport, Minister of Foreign Affairs and Trade Péter Szijjártó announced today.

The head of the ministry reported that the subsidized credit limit for investments by Hungarian micro, small and medium-sized enterprises will be increased from HUF 150 billion to HUF 300 billion, so 900 companies will have the opportunity to increase their competitiveness.

According to his information, a decision was also made to ensure the possibility of Samsung SDI further expanding one of the world's largest electric battery factories, as well as the relocation of additional suppliers to the city, with HUF four billion infrastructure development.

The Minister of Foreign Affairs and Trade also announced that a connecting road will be built between Páty and the M1 highway, as well as a bypass road, thus making life easier for the people living in Páty, and also providing an opportunity for investments in the new industrial area created in the area.

Finally, he announced that the government will speed up the construction of the new building complex of the Transport Museum, thus Kőbánya can be renewed in the framework of a brownfield investment.

Source: MTI