Photo: MTI

Szijjarto: Government approves economy operative board proposals

Vaccines not ideological issue, foreign minister says

Foreign Minister Peter Szijjarto, meeting his Seychelles counterpart in Budapest on Friday, said Hungary and the Seychelles had both carried out successful vaccination campaigns, adding that neither had turned the source of vaccines into an ideological issue.

At a joint press conference with Louis Sylvestre Radegonde, Szijjarto said both countries were spearheading vaccinations on their own respective continents, and both had used Eastern and Western vaccines, succeeding in protecting lives and restarting their economies.

On the subject of tourism and education ties, the ministers signed an agreement on a scholarship programme whereby 10 Seychelles students can study at Hungarian universities.

Also, talks on investment protection and the avoidance of double taxation are under way, he said.

He noted a hotel investment in the Seychelles “that may be the largest Hungarian investment in east Africa”.

A large part of the European Union’s security challenges stem from Africa, Szijjarto said. “So it’s vital that responsible countries like the Seychelles take firm action against terrorism and mass illegal migration,” he said.

Szijjarto: Government approves economy operative board proposals

The government has approved six proposals submitted by the operative board for coordinating the economic recovery, Minister of Foreign Affairs and Trade Peter Szijjarto, who heads the body, said at a press conference on Friday.

The government decided to expand the number of counties in which the investment value threshold for subsidies is 5 million euros by two to seven, Szijjarto said.

The investment value threshold for subsidy eligibility is 10 million euros in other counties.

The value threshold for R+D investments eligible for subsidies will be lowered from 3 million euros to 1 million euros, while the job creation threshold for such investments falls from 30 to ten, he added.

Regulations governing Magyar Eximbank will be modified allowing it to offer businesses flexible export credit insurance, he said.

Rules on telecommuting will be streamlined and “unnecessary” statutes eliminated, he added.

To address labour shortages in some sectors, Szijjarto said workers who were trained abroad and whose first language is not Hungarian will be allowed to take practical vocational examinations with the help of an interpreter.

He said the government decided to expedite 17 infrastructure investments necessary for job-creating investments by businesses.


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