“The European Commission has authorised the launching of the new investment promotion system announced as part of the Economy Protection Action Plan, within the framework of which investments by enterprises in Hungary may receive a maximum of 800 thousand euros in funding”, Minister of Foreign Affairs and Trade Péter Szijjártó announced on his Facebook page on Thursday.

The Minister explained that he had consulted with European Commissioner for Trade Phil Hogan in view of the fact that EU commerce ministers will be holding a meeting next week for the first time since the outbreak of the coronavirus pandemic.

He highlighted the fact that he and the Commissioner had agreed that nobody has the right to restrict the international flow of goods. “If this were to happen nonetheless, it would cause major economic damage to every country on the continent”, he explained.

“It is also important for the EU to continue to loosen the regulations on the state funding of investments, since this is an important prerequisite for the protection of workplaces and the creation of new ones”, Mr. Szijjártó emphasised.

(MTI)