Hungary increases EU funding pre-finance limit to 100%

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The Hungarian government raised the pre-financing limit for European Union funding from 50% to 100%, according to a report published by daily business newspaper Világgazdaság today.

The new rules will allow anyone to request pre-financing over 50% if they can demonstrate a good supporting liquidity plan.

Recipients of EU funding in Hungary are eligible for up to 50% refinancing of the total amount they have been designated, with a total cap of HUF 1 billion for individuals, civil organizations, churches, and small- and medium-sized enterprises.

The pre-financing starts at 75% for R&D projects and increases to as much as 100% for funding below HUF 500 million or for local councils, organizations funded by the central budget, and state-owned companies separated from the State Treasury.

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