Govʼt to support SME job creation with HUF 5 bln
From Monday small and medium-sized enterprises can apply for HUF 5 billion of government funding to help create high value-added jobs, Minister of Finance Mihály Varga told state news wire MTI.
The government-funded initiative aims to strengthen the competitiveness and productivity of SMEs by helping them to introduce new technologies and improve the skills of their employees.
The program helps the creation of high value-added jobs through supporting capacity expansions and investing in technological improvements.
SMEs can apply for between HUF 10 million and HUF 150 mln of funding, but in less developed areas the eligible amount is HUF 200 mln. The support is non-repayable and can cover 50% of an investment project.
Companies awarded funding must agree to keep their headcount at least stable, to raise wages by a minimum 10% for three years and offer training to their employees.
Government Acknowledges Drop in Motor Fuel Prices
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
