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Hungary is the region’s best place to invest, according to American magazine Site Selection, which has awarded the country top spot on its global Best to Invest rankings for the third time in a row.
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Radovan Jelasity, the chairman-CEO of Erste Bank Hungary, was elected chairman of the Hungarian Banking Association on Friday, the professional body said.
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The government is expanding the range of businesses eligible for 40 billion forints (EUR 114m) in investment subsidies this year, Finance Minister Mihály Varga told MTI on Saturday.
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More than 8,000 companies have applied for wage support for around 105,000 employees who are working reduced hours under a government scheme to manage the economic fallout of the coronavirus pandemic, Minister of Innovation and Technology László Palkovics (pictured on top) said at a daily coronavirus briefing.
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So far, 526 companies have applied for a government subsidy aimed at increasing the competitiveness of businesses, Péter Szijjártó, the minister of foreign affairs and trade, said.
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The construction of BMW’s plant in Debrecen is going ahead and work is being carried out according to the preliminary schedule, Péter Szijjártó, the minister of foreign affairs and trade, said in Debrecen on Friday, when the construction site was handed over to the German carmaker.
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