Hungary Boosts Subsidies for Corporate Investment Revival

• Hungary is taking steps to boost economic growth and recovery, setting out plans to reduce investment costs and provide generous subsidies for renewable and green investments. Foreign Minister Peter Szijjarto said the government is committed to ensuring economic growth and green transition, but challenges remain.

Hungary is taking steps to boost economic growth and recovery in its recession-hit economy. The government has announced that it will lower the investment value needed to qualify for state aid, providing generous subsidies for both renewable and green investments. The new plan will enable companies to receive up to 50% of the investment cost. Foreign Minister Peter Szijjarto said the government’s goal is to ensure Hungary’s economy remains on a growth path and that Orban is committed to progressing the country’s green transition. However, Hungary’s economy faces many issues, which include an ongoing recession, high inflation and borrowing costs, and an inability to access crucial EU funds.

What Benefits Does Hungary Offer for Green Investment?

• Hungary offers a wide range of incentives for green investments, such as 50% of the investment cost covered by state aid.
• Companies may also be eligible to receive subsidies and other forms of financial assistance.
• Hungary’s government incentivizes green investments in order to aid in the country's economic growth and recovery.
• In addition to providing financial support, Hungary is also taking measures to reduce energy consumption, increase the use of renewable energy sources, and create a more sustainable society.
• The government is also committed to improving the country’s transportation infrastructure and increasing the use of green vehicles.
• The Orban government is also investing in research and development of green technologies, which is expected to lead to further investment opportunities.