Hungary to remove new jobs condition for investment subsidies
Hungary is in the process of reinventing its economy. Previously, the country was attractive to foreign investors due to its cheap labor. Now, in order to sustain growth the country is shifting towards a more capital-intensive economy which requires the creation of new technologies. To this end, the government is offering cash subsidies for investments in the private sector that involve innovative technology in some capacity. Previously, in order to be eligible for the subsidy the investment had to create new jobs- this is no longer the case. If companies create new technology, adopt new machinery, or introduce new competitive processes they are eligible for a cash subsidy of up to 50 percent of the value of the investment.
See "Hungary to remove new jobs condition for investment subsidies", Gergely Szakacs & Krisztina Than, Reuters, October 1, 2019