During the period of the coronavirus epidemic, 806 enterprises have committed themselves to realising investment projects at a total value of 377 billion forints (EUR 1.07 billion), and by doing so have protected over 143 thousand workplaces.

New investment projects will soon be announced in Nyíradony and Miskolc, which will be realised with help from the government.

The economic recovery has already begun, as also indicated by the application of the tax concessions relating to sectors that have been most adversely affected by the epidemic.

Following a low-point in mid-June, the number of registered job seekers in Hungary fell by almost 25 thousand by the beginning of August, which clearly indicates that a favourable turnaround is occurring on the job market.

The development projects being realised now are assuring that Hungary can acquire a competitive advantage with respect to other countries and other economies.

The number of registered job-seekers has been on the decrease for five weeks as a result of the job creation wage support programme which will contribute to the creation of almost 38,900 new jobs.

The more enterprises realise investment projects, the more realistic it is that the country will be able to rapidly return to its 2019 growth trajectory.

Mr. Szijjártó highlighted that economic protection is the new phase of the fight against the coronavirus epidemic.

A new program is being launched to support Hungarian enterprises that are prepared to realise at least 560 million forints (EUR 1.6 million) in investment in the interests of protecting workplaces that have become endangered because of the coronavirus epidemic.

Four types of tax contribution are being merged on 1 July 2020, in addition to which the rate of social contribution tax will also be falling to 15.5 percent.