ADVERTISEMENT

Govt makes HUF 930m available for development of rural homesteads and infrastructure

Music

The government has made HUF 930 million available for the development of rural homesteads and infrastructure in Hungary, Ministry of Rural Development State Secretary József Ángyan announced on Thursday.

Ángyan said that the government would make HUF 730 million available to local councils and social organizations for the improvement of rural infrastructure, including maintenance of rural roads and purchase of related machinery, while it would make HUF 200 million available for the development of rural homesteads, including solar- and biomass-energy developments. 

The state secretary said that homestead owners would have to pay 25% of the cost of projects receiving funding, while local councils would have to pay 10%.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

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...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.