News in English Hungarian-owned Tesla supplier receives government support

Hungarian-owned Tesla supplier receives government support

Panker Gergő | 2020.10.25 19:00

Hungarian-owned Tesla supplier receives government support

Fotó: MTI

The Hungarian government’s competitiveness-boosting initiative will protect 3,250 jobs in Nógrád County. 12 companies have committed to performing large-scale investments in the region.

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Foreign minister Péter Szijjártó (pictured centre) said that investments at a total value of HUF 6.3 billion are set to be carried out in the county, to be supported with a total of HUF 2.8 billion from government funds.

A HUF 500 million investment to be carried out by Rétság-based AFT Hungary Kft. is to be supported with a HUF 250 million government subsidy, set to triple the plant’s current production capacity and protect 117 jobs at the company.

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