Trademagazin > News and articles > Market News > Varga Mihály: the government supports the investments of food industry companies with 1.5 billion HUF
Varga Mihály: the government supports the investments of food industry companies with 1.5 billion HUF
Within the framework of the Economic Restart Action Plan, the government will contribute 1.5 billion HUF to the 2.6 billion HUF investment of three food companies from the still free resources of the Economic Development and Innovation Operational Program (Ginop) – Minister of Finance Varga Mihály announced at a press conference on Tuesday , In Budapest.
He stressed that in times of crisis, investment should not be restrained but encouraged, subsidies should not be withdrawn, but multiplied.
The government spent more than 4,000 billion HUF last year to support investments, this year 6,172 billion HUF and next year 7,308 billion HUF will be allocated for economic restart purposes, he explained. (MTI)
Related news
AM: focus is on the food industry
The food industry is of particular importance in the Hungarian…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >KSH: industrial production fell by 5.2 percent in May
In May, the volume of industrial production fell by 5.2…
Read more >
More related news >
Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >