State Secretary Richárd Szabados said the government will ease the conditions for subsidised credit for SMEs to support purchases of equipment and make technology upgrades, widening the scope of eligible businesses.
The cap on the credit will be raised to HUF 150m from HUF 100m for projects outside of Budapest and to HUF 75m from HUF 50m for projects in the capital.
The advance payment threshold for tangible assets will be raised to 100pc from 50pc, and a minimum headcount condition will be scrapped. The threshold for spending on ICT and digital assets will be raised to 40pc from 30pc, and the period for implementing projects will be extended to 24 from 18 months.