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Reopening Economy Depends On Successful Vaccine Drive, Says PM Orbán

• 10 May 2021 7:59 AM
• Hungary Matters

Reopening the economy depends on implementing a successful vaccine drive, Prime Minister Viktor Orbán said in a video posted on social media.

In the video posted after the first day of a European Union Porto Social Summit, Orbán said the main topics were “vaccine, inoculation, and the restarting the economy”.

The body welcomed the World Health Organization’s decision to recommend another vaccine for use, he said, referring to the WHO’s decision to recommend the emergency use of Sinopharm.

The body agreed they have to stand up to anti-vaxxers, and “we have to try to convince everyone in Europe to get the vaccine.”

Reopening the economies hinges on the vaccine drive, he said.

Szijjártó: gov't launching HUF 30 Billion support scheme to boost competitiveness

The government is launching a 30 billion forint (EUR 83.6m) investment support scheme to help large companies upgrade and expand production, Foreign Minister Péter Szijjártó said on Facebook.

Eligible sectors include battery and pharmaceutical production, manufacturing of medical equipment, and the food industry, Szijjártó said.

Companies intending to invest at least 2 million euros will be eligible to apply for funding coming to 20-33 percent of the investment value, depending on the development level of the county they are located in.

Under European Commission regulations, the funding cannot exceed 1.8 million euros, he added. Companies involved must pledge to retain all their workers and raise their wages, as well as investing in cutting-edge technologies to increase value-added and to prioritise research and development, he said.

Szijjártó noted that the government’s investment scheme for large companies has so far drawn in 1,434 companies and preserved some 270,000 jobs.


MTI PM's Press Office Photo: Vivien Cher Benko

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• Reopening Economy Vaccine Drive PM Orbán

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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