The Hungarian government is launching a HUF 12 billion (EUR 32.6m) second round of tenders for companies harmed by Brexit.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said companies can apply for government support of up to HUF 2 billion equal to their provable losses linked to the United Kingdom’s exit from the European Union in the tender launching on Jan. 17th. The support can cover up to 70 percent of the losses of small enterprises, 60 percent of those of mid-size firms and 50 percent of large companies, he said. The funding can be used to purchase equipment for technological development. It can also be used to upgrade infrastructure and real-estate, purchase licences and know-how, and make developments that curb energy consumption, he said. In the first round last autumn, 37 companies received a total of HUF 10.2 billion in support of investments worth a total of HUF 19 billion, Minister Szijjártó noted.
Photo credit: Facebook/Szijjártó Péter