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Government subsidy

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The Hungarian Export Promoter

Sándor Laczkó
Apr 12, 2022

A declared aim by the Hungarian Export Promotion Agency (HEPA) is to be a reliable and active partner for Hungarian SMEs in the field of export development, contributing to domestic export success. The CEO of the organization, Dr. Kristóf Szabó explains to Diplomacy&Trade how they wish to achieve this goal and make selected firms ‘export-ready’. […]

Novation Tech Also Favored by Government Subsidy Scheme

D&T
Feb 11, 2022

Similarly to Turkish Şişecam Automotive, Italian Novation Tech, also engaged in the automotive sector, also announced its latest investment this week as well. Close to 35% of the HUF 1.3 billion investment cost is covered by Hungarian taxpayers through a government decision. The project that promises to create at least 50 jobs is also related […]

Metalworking MetMax Open New Site in Töltéstava

D&T
Dec 17, 2021

MetMax Europe Plc., a metalworking company, has founded a new site in Töltéstava, NW Hungary. With a total investment of EUR 14.5 million retaining 132 jobs and creating 50 new ones, production equipment was purchased for the new plant and storage facilities of nearly 10,000 square meters. Anout one third of the investment costs are […]

Leier Capacity Expanding Investments in Hungary

D&T
May 12, 2021

Leier Hungária Ltd. is to carry out capacity expanding improvements at three of its Hungarian sites, Hajdúszoboszló, Pécs and Jánosháza. The total value of the investments is more than EUR 18.5 million. The company will create 20 new jobs as a result of the improvements while retaining the existing headcount of 1,021 people. Hungarian taxpayers […]

Hungary Becomes Self-Sufficient of Medical Masks

D&T
Feb 17, 2021

Vajda Papír has put into operation the modern production lines that will be used to make one million medical masks a day in Dunaföldvár, south of Budapest. The Hungarian government contributed HUF 1.1 billion (close to 80%) to the HUF 1.4 billion investment carried out within the framework of the Health Industry Support Program. The […]

Hilti site in Kecskemét_hilti_hu

Hilti Investment at its Kecskemét Site

D&T
Feb 2, 2021

With a new investment, Hilti Szerszám Kft. (Hilti Tool Ltd.) will engage in new activities at its site in Kecskemét, SE of Budapest, including the production of manual power tools and the establishment of a logistical system. The investment value amounts to HUF 7.2 billion (over EUR 20.1 million), of which the Hungarian government subsidy […]

Hungarian Government Subsidizes Project in Serbia

D&T
Jan 9, 2021

The Hungarian construction material company MASTERPLAST is starting a project, to be implemented at its subsidiary, MASTERPLAST YU D.o.o. located in Subotica, northern Serbia. The project is supported by Hungarian taxpayers. With the project, the glass fabric production capacity will be expanded by 25%, the existing weaving and coating machine park will be modernized, a […]

New Hell Energy Plant in Szikszó

Sándor Laczkó
Sep 10, 2020

The latte filling plant of energy and soft drinks manufacturer Hell Energy Hungary Plc. was inaugurated in the outskirts of Szikszó, NE Hungary this Thursday. The investment cost HUF 8 billion, to which the government provided HUF 4 billion in non-refundable support. At the inauguration, Finance Minister Mihály Varga said that this company, like the […]

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