Hungary's Self-Sufficiency in Medical Equipment Manufacturing a Strategic Goal

A good number of Hungarian companies in the sector have received government support for their investment projects over the last decade, Hungary's FM said.

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto (Photo: AFP)

"I don't think there is any need to argue at length about the strategic importance of Hungarian-owned companies," he remarked. Finally, Peter Szijjarto noted that Karsai Alba Ltd is the 1,103rd Hungarian company to receive government support over the last decade. In total, Hungarian businesses have invested 2,300 billion forints (6.1 billion euros), with 580 billion forints (1.54 billion euros) in government funding, resulting in over 13 thousand new jobs and safeguarding over 150 thousand, he said.

"Fejer County, where Karsai Alba Ltd is based, has particularly benefited from government incentives, with local companies receiving 1.321 billion forints (3.5 billion euros) in state-subsidized investments," he added in conclusion.