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Hungarian government to fund digital development of SMEs

SMEs with at least one completed business year under their belt will be eligible for grants between HUF 10 and 630 million.

The Hungarian government is allocating HUF 200 billion (EUR 574.1m) to funding the digital and technological development of micro, small and mid-size enterprises.

László György, State Secretary at the Innovation and Technology Ministry, said SMEs with at least one completed business year under their belt will be eligible for grants between HUF 10 and 630 million, provided that their planned projects meet certain requirements.