Finance Minister Mihály Varga has announced a tender for HUF 100 billion (EUR 273m) in European Union and state funding to support technology upgrades, productivity and competitiveness for SMEs.
In a video message posted on Facebook on Monday, the minister said SMEs may apply for funding of between HUF 10 million and 200 million to buy new equipment, make IT developments, acquire real estate and make the switch to renewable energy. He added that most of the funding, expected to be enough for “several thousand businesses”, will go to underdeveloped regions.
Photo credit: MTI