The most expensive new workplaces

The Ministry for National Economy published a list containing those companies, which obtained over a 100 million HUF (~340,000 EUR) non-repayable governmental funding since 1998 in order to create new workplaces in Hungary. The subsidies were grouped to the following categories:

1. Ministerial support

In this category, municipalities and local businesses could acquire non-repayable funds in order to improve backward regions in Hungary.

2. Investment grants

The Ministry of National Development planned to attract long-term foreign investments via non-repayable funds.

3. Training grants

These grants are intended to support small businesses to create new jobs to stimulate investment and facilitate the education of employees.

4. Job creation investment funds

The aim of these funds are to modernize regions with underdeveloped economy and labor market; and to promote the development of local communities.

We divided the obtained funds with the number of created workplaces, which resulted in this list containing companies with the 10 most expensive new workplaces:

1.  AUDI Hungaria (2008) 60,060,000 HUF (~203,500 EUR)
2. Linde Gáz (2006) 30,000,000 HUF (~100,000 EUR)
3. AGC (2005) 18,357,570 HUF (~62,000 EUR)
4. Richter (2008) 12,581,818 HUF (~42,600 EUR)
5. W.Hamburger (2007) 12,320,284 HUF (~41,700)
6. EGIS (2009) 11,300,000 HUF (~38,300 EUR)
7.  Alcoa-Köfém (2005) 11,213,815 HUF (~38,000 EUR)
8. Bridgestone (2006) 10,810,810 HUF (~36,600 EUR)
9. Hankook (2005) 10,531,167 HUF (~35,700 EUR)
10. Mercedes (2008) 8,861,412 HUF (~30,000 EUR)

 

This article was originally published in Hungarian on 3 April 2013. The text was translated by Péter Gyarmati.