Pharmaceutical Industry Key Sector In Hungary Says PM Orbán

  • 26 Sep 2018 7:19 AM
  • Hungary Matters
Pharmaceutical Industry Key Sector In Hungary Says PM Orbán
The pharmaceutical industry is a key sector and area of innovation for Hungary and the government’s aim is to increase its share of GDP from the current 6 to 8%, Prime Minister Viktor Orbán said at the inauguration of dietary supplement maker Béres Gyógyszergyár’s new expansion in Szolnok (E Hungary).

He congratulated the Hungarian company on the 3.2 billion forint (EUR 9.8m) expansion of its base which had received a government grant of 1.3 billion forints as part of the government’s support programme for big companies that are not eligible for European Union funding.

Orbán said the sector employs 14,000 people directly and some 34,000 families indirectly owe their livelihood to it.

Béres Gyógyszergyár’s expansion created 37 jobs, raising headcount from the original 64 at the base’s foundation to over 300.

Chairman József Béres said the company has created a state-ofthe-art quality control laboratory by converting a 2,500 sqm food plant, installed analytical testing and R&D equipment and production machinery, expanded its R&D base and created a production area for making new products.

Exports now account for 20% of the company’s revenue, he added.


MTI Photo: Máthé Zoltán

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.