Szijjártó: the government is launching a factory rescue program

By: Trademagazin Date: 2022. 10. 21. 10:33

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The government is launching a factory rescue program, within the framework of which, in the first round, a total of HUF 150 billion in support will be provided for investments that increase the energy efficiency of large companies – Minister of Foreign Affairs and Trade Péter Szijjártó announced on Saturday.

According to the announcement of the Ministry of Foreign Affairs and Trade, the head of the ministry emphasized that the European economy is heading for a severe recession due to the war in Ukraine and the sanctions response, which has a significant impact on Hungary as well due to the common market.

“For us Hungarians, of course, our goal is to stay out of this”

– he stated, adding that, for this purpose, assistance must be provided to Hungarian companies so that they can maintain their operations on the one hand, and increase their capacities on the other.

“The biggest enemy of companies today is the extraordinary increase in energy prices, which is unfortunately a direct consequence of the failed Brussels sanctions policy”

– he stated.

MTI