Szijjarto: New support scheme for Hungarian exporters

The government has introduced a new form of financial support for Hungarian exporters, Peter Szijjarto, the minister of foreign affairs and trade, said in a video message on Facebook on Tuesday. He said that in the new world order following the pandemic, a new type of global competition would emerge, giving opportunities for countries like Hungary whose activities on foreign markets and exports fundamentally determine their economic performance. Szijjarto said the new 23 billion forint (EUR 65.2m) government support scheme was directed at these kinds of companies with a view to expanding their export capacity and establishing a physical presence in far-away countries, and bids can be made from August 24. Each company can win up to 3 billion forints in support, he added.