Under the Kisfaludy Tourism Credit Centre Start 2=3 scheme, tourism businesses may apply for up to HUF 2 million of subsidized credit alongside a HUF 1 million grant, Katalin Firtl Egresits said.

The 2.5% credit may be used for investments or working capital.

Kisfaludy Tourism Credit Center CEO Gusztáv Láving said the grants would be capped at half of the loan contract.

He noted that the Start credit had been introduced as a standalone product in October.

Since then, tourism businesses have applied for a combined HUF 6.5 billion of the loans.