For the first time since the current investment incentive system was launched eleven years ago, the government is providing support for a research and development project by a domestic video game developer, announced Péter Szijjártó, Minister of Foreign Affairs and Trade, on Friday in Budapest.
At the announcement of NeocoreGames Development Kft.’s R&D investment, the minister said that the government would provide 1.5 billion forints (4 million euros) in support for the domestic video game developer’s 4.5 billion forint project (12 million euros), thereby helping to create several new, high value-added jobs in the capital.
In his speech, he pointed out that
the internationally competitive company is bringing new technologies and storytelling methods to video games as part of a high-quality narrative content development program, that will result in the first AAA-category game developed entirely in Hungary.
He emphasized that global competition in this new industry is not yet over, and Hungary is ready to enter the race. “We know very well that specialized industries require specialized development programs and a specialized investment and development environment. Therefore, the government is ready to work with industry players and creative industry leaders to develop a legislative and investment environment that will make Hungary a global leader in the video game industry, following in the footsteps of the film industry,” he said. “We see that the human resources are there, and we need to build on that to create an environment that will make Hungary successful in this new industry as well,” he added.
For the first time since the launch of the investment promotion system eleven years ago, the government is supporting a Hungarian video game developer’s R&D project, said @FM_Szijjarto, stressing that this proves Hungarians can succeed in the changing global economy.
At… pic.twitter.com/PhPprYS80b
— Zoltan Kovacs (@zoltanspox) February 6, 2026
Péter Szijjártó touched on the successive crises of the past decade and a half and welcomed the fact that, despite all these difficulties, the players in the Hungarian economy had been capable of some very serious feats. As an example, he cited the transformation of the Hungarian economy, the shift to higher value-added activities, research and development, and knowledge-based, new-generation industries, that also required closer links with higher education. “I believe that we are in a position where it is not unrealistic or pretentious to set the goal of making Hungary one of the most innovative economies in Europe,” he said.
“We broke every record imaginable over the course of 11 years. Never before had Hungary seen so much investment. (…)
And now, eleven years later, we have reached the point where we can support the first investment and development program related to video game development.
This also shows that the world is changing, and that we Hungarians can be successful in this new world. I believe that Neocore’s current development clearly proves that we were not only the country of Ányos Jedlik, Neumann, and Ernő Rubik, but we still are, and we will continue to be in the future, so it is worth dreaming big,” he concluded.
Zsófia Jakab, Ministerial Commissioner for Creative Industry Development and Sector Coordination, stated that the government is paying special attention to this sector, that is one of the fastest growing areas and has an incredibly high export capacity.
Fact
NeocoreGames is a Hungarian video game development company founded in 2005. The Budapest-based development studio specializes in the creation and publication of role-playing video games. The video games developed by NeocoreGames are created using the company’s self-developed game engine called Coretech. The studio’s best-known work is the King Arthur series.
Via MTI, Featured image: Pexels
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