Hungarian medical device manufacturer Medicontur Orvostechnika is investing nearly HUF 8 billion in three development projects at its base Zsámbék, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday.
Over one third of the cost of the investmentprojects is covered by Hungarian taxpayers as the government is supporting the investments, which are expected to create 60 jobs including a dozen in research and development positions, with HUF 2.9 billion.
Medicontur is a strategically important company today as the absolute market leader in Hungary, and its products are also sold in 75 other countries, the minister added.
He noted that the government has set the goal of Hungary becoming self-sufficient in the production of medical devices. Currently, the sector employs 13,000 people in Hungary, with an annual production value of nearly HUF 400 billion.
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