Govt Brexit Adjustment Reserve Supports 63 Companies with HUF 23 Bnn

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The government’s adjustment reserve for companies harmed by the United Kingdom’s exit from the European Union is supporting 63 companies with a total of 23 billion forints (EUR 61.7m), Péter Szijjártó, the minister of foreign affairs and trade, said on Monday, when he handed the support certification to Rovitex Homedeco.

Winning support within the Brexit Adjustment Reserve was conditional on investments and preserving jobs, Szijjártó said. The government has pre-financed the tender, which opened in September and closed recently, as European Union funding will flow in between 2022 and 2025, he said.

“We have never allowed Hungarians to be made to pay for events in world politics and economy they had nothing to do with, and Brexit is one of them,” he said.

Szijjártó said Brexit was a “huge loss” for the EU which brought about grave strategic and economic challenges. The…

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