Gov't Extends Manufacturing Sector Subsidies to Tourism Sector
Shutterstock.com
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.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Spago Budapest Offering Unique Sunday Brunch Experience
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.
