ADVERTISEMENT

Government mulls support program for big companies

Conferences

Hungaryʼs government is considering creating a program to support large companies that are not eligible for European Union cohesion funds, deputy state secretary at the prime ministerʼs office Nándor Csepreghy said yesterday. 

Because big companies represent a large portion of Hungarian economic output, the government wants to give them opportunities and incentives for investing in development projects, Csepreghy said. The supported companies have not yet been selected as there have been no decisions taken so far, he added.

Funding could come from the budget, he said, though noting the importance of taking into account fiscal constraints. Non-financial support could also be part of the program, he added. Cabinet chief Janos Lázár said a week earlier that the government was working on the program for some 100 big Hungarian companies.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.