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Sep 02, 2020

FM: 100 companies have tendered bids for government support scheme

673 companies out of 806 bidders have now received grants totalling HUF 151 billion. The combined value of government-assisted projects was over HUF 318 billion.

 

The foreign minister said some 100 companies have tendered bids for a supplementary government scheme aimed at promoting development.

Péter Szijjártó, Minister of Foreign Affairs and Trade, noted that as part of the government’s earlier job protection program, participating projects could benefit from a 50 percent co-payment from the government for any related development components.

According to MTI, Minister Szijjártó said that 673 companies out of 806 bidders have now received grants totalling HUF 151 billion, adding that the combined value of government-assisted projects was over HUF 318 billion. Those projects will help save 120,000 jobs, he added.

The minister said that the government had originally planned to use HUF 169 billion for the program, but decided to reopen the bid earlier on Tuesday, offering another 18 billion. “Within a quarter of an hour” 98 companies tendered bids worth a combined HUF 47.5 forints, applying for grants of a total of 22 billion, he added.

Photo credit: hirado.hu