Gov't Extends Manufacturing Sector Subsidies to Tourism Sector

Tourism

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The government has extended a HUF 150 billion subsidy program for energy costs and energy-efficiency investments for manufacturers to the tourism sector from December 23, the Hungarian Tourism Agency said on Tuesday, according to a report by state news wire MTI.

The agency noted that it had requested the scheme be extended to the country's 16,000 catering establishments and 4,500 commercial accommodations.

Tourism businesses may apply for subsidies to cover up to half of the increase in their electricity and gas bills from a year earlier if they also avail of support for credit for investments to boost energy efficiency that are completed by the end of 2024.

A condition for the support is maintaining a headcount at least 90% of September levels.

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